Access to the region’s largest collective financial resource, the ASEAN Infrastructure Fund, could be easier than expected for Cambodia, according to an Asian Development Bank economist.
Initiated in May, the fund is expected to lend up to US$4 billion and leverage up to $13 billion for the region’s infrastructure needs until 2020.
ASEAN countries and ADB have provided initial equity of $485 million for the fund.
The 10-nation economic bloc may require $60 billion a year in infrastructure financing during the next decade.
The fund originally looked off limits to Cambodia, the Post reported earlier this year. …