IFC commits up to $200 million to IFC Emerging Asia Fund with investors from Fiji and Korea

IFC, a member of the World Bank Group, has committed up to US$200 million to the IFC Emerging Asia Fund (EAF), which has reached a first close. IFC is joined by the Korea Development Bank (KDB) and the Fiji National Provident Fund (FNPF). Central to the EAF is mobilizing additional capital in emerging markets of the Asia region, given the scale of investment, innovation, technological development and employment creation required for sustainable development in many low and middle income countries in the region falls beyond the range of the public sector, making the private sector central to finding and financing the development solutions that are needed.   Investments by the EAF will be aligned to IFC’s strategy for the region, which includes a focus on addressing the infrastructure deficit, and at the same time it will also help investee companies raise standards, improve risk mitigation and generate value.   The new global architecture for international development, the Sustainable Development Goals, launched at the United Nations in 2015, highlights that financing sustainable development requires low and middle income countries tap new sources of capital from both private and public sources, including leveraging global private capital to most skillful effect. Two thirds of the world’s poorest people live in emerging Asia and yet it is the engine room of global growth being the fastest growing region and the largest continental economy by GDP in the world. This growth is a function of favorable dynamics such as the continued need for enhanced infrastructure, the emergence of a rapidly growing middle class and commitments by many governments in the region to political and economic reform.  Combined, these dynamics have created significant opportunities for investment in the region including China, India, Indonesia, Philippines and Asian frontier markets such as Vietnam and Myanmar.  Read more

Philippines to award road PPP to Metro Pacific after no competitive proposals submitted

In May 2010 MPIC submitted an unsolicited proposal to the DPWH, and the agency granted MPIC an “Original Proponent” status for the project, which was later tendered on April 1, 2016. Read more

Philippines to try hybrid PPP model

Philippines' Government is considering a new hybrid public private partnership (PPP) model for the development of infrastructure projects. Read more

Eight projects selected for ASEAN PPP pipeline

The short listed projects were derived from regional and national infrastructure priority pipelines which were subjected to selection methodologies covering a range of criteria pertaining to strategic relevance, level of project development, project feasibility, complexity of implementation and fiscal impact. The short-listing process was conducted through desk review of projects based on available information and consultations with concerned public and private sector officials from the Member States, multilateral and bilateral development organizations and other relevant information sources. Read more

Philippine Government to review Davao port PPP

The Government of Philippines will review the development of the Davao Sasa Port in Philippines PPP project. This could carry further delays in its implementation. The total cost of the project is estimated at PHP19 billion (US$404 million). Read more