ASEAN Targets Creation of USD1B Infrastructure Fund

    The Association of Southeast Asian Nations aims

    in member countries, Reuters reports. Initial pledges include USD200 million each from Japan and China, USD100 million from South Korea, and USD250 million from the Asian Development Bank. ASEAN hopes to launch the fund in 2010.

    About the author

    • Eliza Villarino

      Eliza Villarino is an associate editor for Devex and leads the company's news team in Manila. She played a critical role in conceptualizing the Development Newswire. Prior to joining Devex in 2004, she has already published articles and news briefs for Internet media organizations and for the Institute for Ethics and Economic Policy at Fordham University in New York. She earned her bachelor's in political science and master's in public affairs from the University of the Philippines. Eliza is a member of Mensa Philippines.