The Lead Implementing Body for Sustainable Infrastructure (LIB-SI), ASEAN Secretariat, Asian Infrastructure Investment Bank (AIIB) and Multilateral Cooperation Center for Development Finance (MCDF) co-organized a virtual workshop on Post-COVID-19 Infrastructure and Connectivity in Southeast Asia: Challenges and Opportunities, on 26 April 2022.
In his remarks, MCDF’s CEO Zhongjing Wang emphasized that “despite disruptions from the COVID-19 pandemic, the ASEAN region remains one of the world’s fastest-growing markets in the world. ASEAN played a leading role in the creation of the Regional Comprehensive Economic Partnership Agreement which further enhances trade ties between not only ASEAN countries, but also ASEAN countries with other large trading nations, making it undoubtedly the largest trading bloc in the world. The MCDF stands ready to support the preparation needed for trade enabling infrastructure to continue to grow ASEAN markets and also make RCEP a success.”
The workshop brought together over 140 participants including officials and representatives from ASEAN Member States, multilateral development banks and other official and commercial lenders, to discuss potential infrastructure projects with the aim to promote regional connectivity. Four countries, Indonesia, Lao PDR, Philippines and Thailand, showcased their pipeline of projects in the fields of energy and transport (15 were presented in total) and development needs. The World Bank, AIIB and MCDF presented their investment policies and strategies in the region.
Opening remarks were also provided by Deputy Secretary-General for ASEAN Economic Community Satvinder Singh and Urjit R. Patel, Vice President, Investment Operations Region 1 of AIIB
More information on the event can be found below.