Australia unveils A$2bn investment fund to bolster Southeast Asia ties
The Southeast Asia (SEA) Investment Financing Facility will provide loans, guarantees, equity and insurance for projects to help boost Australian trade and investment, with clean energy and infrastructure development as key targets.
Fransebas
March 05, 2024
Australia is establishing a A$2 billion $1.3 billion investment financing facility to boost investment in Southeast Asia SEA as part of several economic initiatives announced at this week's Asean-Australia Special Summit to commemorate 50 years of dialogue in Melbourne.
The initiatives include recommendations from Invested Australia's Southeast Asia Economic Strategy to 2040, launched last year by Australian prime minister Anthony Albanese to deepen Australia's economic engagement with SEA, according to a media release from the Australian government.
Addressing 100 Australian and SEA CEOs at a summit on March 5, Albanese unveiled the initiatives, which included a A$2 billion fund called the Southeast...
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