KUALA LUMPUR (Nov 29): ASEAN member states must take steps to promote greater private sector participation in sustainable infrastructure financing in order to help forge an ASEAN economic future that is underpinned by sustainable development for decades to come.
HSBC Asia Pacific head of Belt and Road Initiative and business corridors, Mukhtar Hussain, said a more active participation from industry players would also ensure the demand for infrastructure investment is realised.
In a statement today, he said at present, about 75 percent of green flows come from public finance while only 25 percent is from private finance, largely in the form of commercial loans. This means that the private sector needs to scale up their participation.
