Over the past 5 decades, infrastructure development, supported by traditional sources of financing such as government revenue and debt financing, has been a key pillar of economic growth and development in the ASEAN+3 region.

However, the COVID-19 pandemic has unmasked the large infrastructure gaps in healthcare, education, digital, and social infrastructure. Thus, there is a pressing need to identify new ways to encourage greater private sector participation in financing infrastructure development in the region to build back infrastructure in a more sustainable and inclusive manner, in alignment with the Sustainable Development Goals.
 
This report examines how innovative finance can facilitate public–private infrastructure partnerships and become a magnet for private and institutional funds. It summarizes critical success factors from actual case studies, from within and outside the ASEAN+3 region, that can be adapted, replicated, and upscaled in the ASEAN+3 context for successful implementation.
 
Published May 2023.
Source: Asian Development Bank.

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