Thai $15m holding in AIF approved
The cabinet has approved an agreement for a US$15 million Thai holding in the Asean Infrastructure Fund (AIF), deputy secretary general to the prime minister and acting government spokesman Thitima Chaisaeng said on Tuesday.
- Published: 22/02/2012 at 03:55 PM
- Newspaper section: breakingnews
Other shareholders in the AIF are Malaysia (US$150m), Indonesia (US$120m), Philippines (US$15m), Singapore (US$15m), Vietnam (US$10m) and Brunei (US$10m).
This agreement will not need parliamentary consent because it has no direct impact on the Thai economy, said Mrs Thitima.
The AIF is a mechanism in which Asean member states and the ADB work together through pooling funds – and promoting the use of Asean savings – to foster infrastructure development within the region and make the Master Plan on Asean Connectivity (MPAC) a reality.
About the author
- Writer: Online Reporters
- Position: Online Reporters