JICA commits $65 million to BlackRock-managed infrastructure debt fund
What happened
The Japan International Cooperation Agency committed up to $65 million to the Emerging Asia Infrastructure Credit Fund, which is managed by BlackRock. This fund aims to finance energy transition projects across Southeast and South Asia. The commitment was announced during the Asia Zero Emission Community Business Forum in Manila on October 8. The fund seeks to raise $750 million in capital to provide debt financing for private sector projects supporting industrial decarbonization.
From bworldonline.com
Why it matters
The investment is part of the Industrial Transformation program under the Singapore Government’s Financing Asia’s Transition Partnership initiative. The fund targets industrial decarbonization and low-carbon growth in emerging Asian economies. The project is a co-investment involving the International Finance Corp. and British International Investment.
From bworldonline.com
Who's involved
- Japan International Cooperation AgencyCommitted up to $65 million to the infrastructure debt fund managed by BlackRock.
- BlackRockManages the Emerging Asia Infrastructure Credit Fund, which targets energy transition projects.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- IndonesiaSpeculative
Indonesia might gain access to new debt financing for energy transition projects in the country.
- CambodiaSpeculative
Cambodia could gain access to new debt financing for energy transition projects in the country.
- MalaysiaSpeculative
Malaysia could benefit from the fund's targeting of energy transition projects in the national energy sector.
Keep exploring
The entities involved
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BlackRock
American multinational investment management corporation
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Japan International Cooperation Agency
governmental agency
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Malaysia
country in Southeast Asia
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Indonesia
island country in Southeast Asia and Oceania
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