| LAUTINDO | Event | Jakarta | The eighth World Bank-Singapore Infrastructure Finance Summit coincides with important ASEAN ministerial meetings in Singapore, and focuses on the significant, renewed efforts being undertaken to improve infrastructure in one of the world’s fastest-growing economic blocs. “World Bank – Singapore Infrastructure Finance Summit: Finding New Ways to Mobilise Private Capital in Southeast Asia”.
New seaports, airports, roads, highways, telecommunication towers, water plants and much more must be built, and the old upgraded. Emerging Asia’s infrastructure will need an estimated US$26 trillion until 2030, including US$3.4 trillion of spending to alleviate climate change. That works out to more than US$1.7 trillion each year. Much of that will be required in ASEAN.
For governments in the region, it is critical to find the necessary private finances to offset a shortfall in public funding. This has been made somewhat easier as yields fall in the developed world and investors turn towards emerging markets for opportunities. And in the current economic and monetary environment, infrastructure generally is an increasingly attractive asset class, especially for institutional investors looking for steady, long-term growth.
However, the projects on offer and the financing structures need to be viable. Multilateral agencies like the World Bank and the Asian Development Bank, along with new emerging entities such as the New Development Bank and Asian Infrastructure Investment Bank (AIIB), are intensifying efforts to harness private money through funding packages and by helping governments identify the most appropriate areas for private-sector engagement. Increased lending from China and Japan is also helping to improve the financing landscape.
- World Bank – Singapore Infrastructure Finance Summit
- Finding New Ways to Mobilise Private Capital in Southeast Asia
- Singapore | 05 April 2018
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A key investment priority for regional bodies like ASEAN, as well as global efforts like the Global Infrastructure Connectivity Alliance, and special initiatives like China’s Belt and Road Initiative (BRI), is cross-border connectivity. Besides triggering the release of billions of dollars, such collaborative mega-initiatives will have a dramatic impact not only on the countries involved, but also on the financiers and developers drawn into their ambit.
Bearing in mind uncertain geopolitics and global economic volatility, what are the best strategies to mobilise private capital in Southeast Asia? How are governance, transparency and bureaucratic processes evolving in tandem with ASEAN’s economic integration? To what extent is the increasing attention to climate change influencing investment? How can smaller-scale renewable energy projects, for instance, be coordinated with the bigger initiatives of the BRI?
These issues and more will be discussed at the Summit by ASEAN finance ministers and other senior policy-makers, investors, developers and advisors. Organised by the World Bank Group, the Singapore Ministry of Finance, the Monetary Authority of Singapore and the Financial Times, in association with the World Bank-ASEAN Infrastructure Finance Network, this event has become the leading international forum for public-private debate on infrastructure investment. To have additional special discount code, please mail to email@example.com