Latest News:  

English>>World

ASEAN+3 endorse initiative for infrastructure financing bonds

(Xinhua)

11:08, May 04, 2013

NEW DELHI, May 3 (Xinhua) -- ASEAN countries, together with China, Japan and South Korea, on Friday endorsed an initiative on "Fostering Infrastructure Financing Bonds Development" in order to boost infrastructure projects in Southeast Asian countries.

The finance ministers, central bank governors and senior officials of these countries said the Asian Bond Markets Initiative, or ABMI, has been making continuous progress under the auspices of the ASEAN+3 framework in promoting issuance and facilitating the demand of local currency denominated bonds.

China, the chair of Plus-Three countries at the meeting in the Indian capital Friday, proposed to ASEAN the initiative of infrastructure financing bonds, with the aim of promoting both the issuance and demand of infrastructure financing bonds, said Zhu Guangyao, Vice Minister of Finance of China.

In his response to the initiative, Pehin Dato Abd Rahman Ibrahim, Minister of Finance II at the Prime Minister's Office of Brenei Darussalam, said the ASEAN welcomes the initiative as there exists a huge gap between demand and the financing for infrastructure in these countries.

"We expect the ABMI Taskforces to develop detailed work plans while encouraging private sectors' involvement and taking into account current efforts of the region to improve synergies," said a joint statement of the 16th ASEAN+3 Finance Ministers and Central Bank Governors' Meeting.

The meeting was held at the sidelines of the 46th ASian Development Bank annual meeting in the Indian capital this weekend.

We recommend:

New Dutch King Willem-Alexander sworn in

See the remarkable photos of April

May Day protests around the globle

People rally to urge immigration policy

Greek Orthodox Patriarch's washing of feet ceremony

101.73-carat diamond to be auctioned in Geneva

Email|Print|Comments(Editor:HuangBeibei、Yao Chun)

Related Reading

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Ship-borne helicopters in anti-submarine drills

  2. Chinese peacekeeping forces in joint drill

  3. Afghan, Pakistani forces clash

  4. Huge rubber duck visits Hong Kong

  5. 'Huajie Festival' of Zhuang ethnic group

  6. Family photos taken in quake-hit Lushan

  7. China premieres tailored-made Iron Man 3

  8. Obama says 'proud' after Collins comes out

  9. Housewives' gold rush keeps price from falling

  10. China's automaker to open first U.S. plant

Most Popular

Opinions

  1. Young Chinese face hard road to happiness
  2. Commentary: Abe walks on dangerous path
  3. Celebrity diving show 'excessive': People's Daily
  4. China Voice: Salute builders of the "Chinese dream"
  5. Any future peace deal to be put to referendum
  6. Ancient Chinese tower tests classic literature buffs
  7. Why do U.S. officials visit China in succession?
  8. What does China’s development mean to world?

What’s happening in China

Jump for joy after flight of fantasy

  1. Woman in sex video scandal to be charged
  2. School mergers leave kids with daily trek: report
  3. Prison journal spells out good news
  4. Henan construction site collapse kills 7
  5. China Post issues quake relief stamp