The ASEAN Infrastructure Fund Limited (AIF) is the largest initiative of the Association of Southeast Asian Nations (ASEAN) in its history based on the member countries’ funding contributions. The ASEAN members founded the AIF, an ASEAN regional infrastructure financing institution, as a safe and liquid investment vehicle to channel funds to well-structured infrastructure projects.  the AIF’s policy objectives (i) fostering infrastructure development in the ASEAN region; and (ii) promoting the use of ASEAN savings in the financing of such infrastructure with a view toward an eventual issuance of bonds eligible for central bank reserves investment.

The AIF is administered by the Asian Development Bank. ADB has established a bank-wide administration team to undertake all aspects of day-to-day operations of the AIF. Accordingly, ADB’s policies and procedures will apply to all projects financed by AIF.