The Asian Development Bank has earmarked USD130 million to help establish a new trust fund aimed at bolstering financial stability and long-term investment in Asia and the Pacific. The Credit Guarantee and Investment Facility is also being supported by the Association of Southeast Asian Nations, China, Japan and Korea with a USD570 million contribution. The fund, which will start operations in 2011, will provide guarantees on local currency-denominated bonds issued by companies in the region.
Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).
About the author
Ma. Rizza Leonzon
As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.
