The Albanese government, the sitting federal government of Australia, has announced two milestone investments to boost Australia’s economic engagement with Southeast Asia.
The government has plans to invest A$175 million ($114 million) in IFM Investors’ Asia Pacific debt fund, which targets investments in key sectors such as renewable energy, telecommunications and logistics. The government also is planning to invest $50 million in a new Southeast Asia public-private partnership (P3) investment fund established by Australian infrastructure specialist Plenary. This investment will finance essential public infrastructure projects across Southeast Asia using Australian know-how to deliver nation-building projects in sectors such as healthcare, education and transport.
“As a bloc, Southeast Asia is projected to become the world’s fourth-largest economy by 2040,” said Don Farrell, the Australian minister for trade and tourism. “Through these new investments, the
