Asean launches $1bn facility for green infrastructure

CHIANG RAI: The Association of Southeast Asian Nations, the Asian Development Bank (ADB) and major financiers on Thursday launched a facility to spur more than US$1 billion (31.78 billion baht) in green infrastructure investments across Southeast Asia.

The facility offers loans and technical assistance for sovereign projects in areas such as sustainable transport and clean energy, the ADB said during the meetings of Asean finance ministers and central bank governors.

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