Australian Infrastructure Financing Facility for the Pacific

Infrastructure is critical to the Pacific region’s sustainable economic growth. It enables the movement of people and goods, and provides access to local and global markets, as well as health, education, water, energy and communications services.

The AIFFP responds to the Pacific and Timor-Leste infrastructure priorities by partnering with governments and the private sector to deliver infrastructure with lasting benefits for communities and the economy. This includes the design and financing of high-impact, energy, water, transport, telecommunications, and other key infrastructure projects.

The AIFFP is committed to ensuring infrastructure investments are high quality, meet the highest international social and environmental safeguard standards and achieve sustainable development outcomes for Pacific island countries. The AIFFP is focused on strengthening the regional labour market and creating economic opportunities for local workers and firms through its projects. All AIFFP projects are designed in line with DFAT’s requirements on gender equality, disability and social inclusion to mitigate risks to vulnerable groups, and ensure benefits are shared. The AIFFP seeks to integrate climate considerations across the feasibility, design and construction of its investments to increase resilience of its investments.

The construction and delivery of these investments is enabled through loans and grants. Financing is tailored to support each country’s debt sustainability needs. The provision of grants enables flexible financing for sovereign borrowers and allows the AIFFP to operate in countries where loans are not suitable due to debt concerns.

To learn more about the AIFFP including current investments, our principles, policies and more, visit the AIFFP website.

SOURCE / CONTINUE READING: www.dfat.gov.au