A local currency guarantee platform will give investors more confidence to pour funds into bonds to help finance infrastructure projects in Southeast Asia by mitigating the foreign exchange risks.
That's the hope of Boo Hock Khoo, vice president of operations at the Credit Guarantee and Investment Facility CGIF, which is developing the Infrastructure Investors Partnership IIP.
IIP is expected to be launched at an unspecified future date after getting the go-ahead at a meeting of finance ministers and central bank governors from the Asean3 group of countries The Association of Southeast Asian Nations plus China, Japan, and South Korea.
It...
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