Asian Infrastructure Finance 2019: bridging borders - infrastructure to connect Asia and beyond
Bangladesh's "Vision 2021" road map, planning to join the middle-income countries, requires 24 billion U.S. dollars worth of investments in infrastructure per year, according to an Asian Infrastructure Investment Bank (AIIB) report. There is progress toward this target, said the Beijing-based lender in the report titled ASIAN INFRASTRUCTURE FINANCE 2019 Bridging Borders: Infrastructure to Connect Asia and Beyond. It said transaction activity (total closed and ongoing transaction value) was 2.9 billion U.S. dollars in 2014 and 3.4 billion in 2015, but 2016 saw a massive jump to 15.5 billion U.S. dollars. According to the report, the amount was more than doubled in 2017 (31.4 U.S. dollars billion), increasing further to reach 46.0 billion U.S. dollars in 2018 (as of end-September 2018).