It aims to attract global investors seeking opportunities to finance corporates’ decarbonisation projects at scale in Asia with a focus on Southeast Asia.
BlackRock and the Monetary Authority of Singapore (MAS) are among six parties that will collaborate on a new infrastructure debt programme under the Financing Asia’s Transition Partnership (Fast-P) initiative, which was launched at the United Nations’ climate summit COP28 last year.
The two parties signed a statement of intent (SOI) at COP29 on Nov 12 with the International Finance Corporation (IFC), Mitsubishi UFJ Financial Group (MUFG), Nippon Export and Investment Insurance (NEXI) and AIA Group (AIA) to explore ways to work together on a blended finance debt initiative.
