28
August
2019

The 10th ASEAN Connectivity Symposium: “Connecting ASEAN through Financing Sustainable Infrastructure”

28
August
2019

The 10th ASEAN Connectivity Symposium: “Connecting ASEAN through Financing Sustainable Infrastructure”

418

Press Release

The 10th ASEAN Connectivity Symposium:
“Connecting ASEAN through Financing Sustainable Infrastructure”
on 27 August 2019 at Centara Grand CentralWorld, Bangkok

On 27 August 2019, the Ministry of Foreign Affairs of Thailand co-hosted the 10th ASEAN Connectivity Symposium under the theme “Connecting ASEAN through Financing Sustainable Infrastructure” with the Economic Research Institute for ASEAN and East Asia (ERIA) and the ASEAN Secretariat at Centara Grand CentralWorld, Bangkok. This year marked the 10th Anniversary of the Symposium. The Symposium discussed ways and means to foster regional connectivity through innovative financing options for infrastructure development and the way forward for the effective implementation of the Master Plan on ASEAN Connectivity 2025 (MPAC 2025). This is in line with the theme for Thailand’s ASEAN Chairmanship “Advancing Partnership for Sustainability”, which seeks to pursue sustainability in all dimensions as well as to realize a “Seamless ASEAN” linked to the world.

On this occasion, H.E. Mr. Arthayudh Srisamoot, Deputy Permanent Secretary, Ministry of Foreign Affairs of Thailand, delivered an opening keynote emphasizing the three main reasons why Thailand, as ASEAN Chair, attaches great importance to enhancing regional connectivity, namely: (1) connectivity is an effective tool to address emerging political, economic and social challenges; it is also widely discussed in various international fora and frameworks, including the Belt and Road Forum and the G20, (2) inadequate financing relative to the high demand for infrastructure investment remains the challenge to seamless connectivity in ASEAN; Thailand, therefore, supports innovative financing approaches and facilities, namely the Inclusive Finance Facility and the ASEAN Catalytic Green Finance Facility (ACGF), and (3) the connectivity strategies in the region should complement one another in order to promote inclusive growth and sustainable development. The “Connecting the Connectivities” approach will not only help ASEAN link with its partners, but also to bring prosperity to the wider Asia-Pacific/ Indo-Pacific region.

The Symposium was attended by over 180 participants from ASEAN Member States (AMS), ASEAN Sectoral Bodies, ASEAN Dialogue Partners and External Partners, the ASEAN Secretariat, the Economic Research Institute for ASEAN and East Asia, international financial institutions, international organization as well as relevant experts and stakeholders from public and private sectors.