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Friday, June 21, 2019, 16:52
Thai PM encourages AIIB to fund regional infrastructure projects
By Xinhua
Friday, June 21, 2019, 16:52 By Xinhua

Thailand's Prime Minister Prayut Chan-o-cha delivers a speech during a joint press announcement for the 10th Mekong-Japan Summit at the Akasaka Palace state guest house in Tokyo, Oct 9, 2018. (FRANCK ROBICHON / POOL / AFP)

BANGKOK - Thai Prime Minister Prayut Chan-o-cha encouraged the Asian Infrastructure Investment Bank (AIIB) to become a partner in infrastructure development projects in ASEAN and ACMECS (Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy) regions, a government spokesman said on Friday.

Prime Minister Prayut also told AIIB President Jin Liqun many countries in the Asian region would be looking into financial sources

Werachon Sukondhapatipak, Deputy Spokesman

AIIB President Jin Liqun is visiting Thailand to attend the 5th Bloomberg ASEAN Business Summit in Bangkok. During his meeting with Prayut, Jin expressed support in Thailand's efforts to enhance connectivity within the ASEAN region, deputy spokesman Werachon Sukondhapatipak said.

READ MORE: Private sector to play bigger role in infrastructure financing

"Prime Minister Prayut also told AIIB President Jin Liqun that as for regional cooperation, many countries in the Asian region would be looking into financial sources to support their internal infrastructure development," Werachon said.

"Thus, Prime Minister Prayut has suggested to Mr. Jin for AIIB to become a partner in ASEAN's infrastructure development projects, and establishing cooperation within the ACMECS region by providing contributions to the ACMECS foundation or offering loans, which will allow ASEAN and ACMECS countries grow together," Werachon said.

For his part, Jin expressed his confidence that Thailand still has growth potential in many aspects, especially in infrastructure development and regional connectivity. 

ALSO READ: AIIB to adopt local currency loans in Asia

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