Amid ongoing regional competition, the Albanese government has unveiled a $250 million investment package to further expand Australia’s economic influence in Southeast Asia.
Australia will channel $175 million into IFM Investors’ Asia-Pacific Debt Fund and US$50 million into a new Southeast Asia Public-Private Partnership (PPP) investment fund established by infrastructure group Plenary.
Both investments will be administered by Export Finance Australia (EFA) through the $2 billion Southeast Asia Investment Financing Facility (SEAIFF).
The government said the measures are designed to strengthen Australia’s commercial ties with ASEAN nations, which collectively represent a market of nearly 700 million people and are projected to become the world’s fourth-largest economy by 2040….
Australia Deepens Southeast Asia Ties With $250 Million Push
