Deputy Prime Minister and Minister of Finance, Huang Xuncai, said that assisting Asia's construction of more infrastructure is to create a win -win situation, which is beneficial to Singapore and the entire Asian'an.
Huang Xuncai attended the 10th Asian Security Secretary of Finance and Central Bank President (AFMGM) and other related meetings at Jakarta, Indonesia, and other related meetings.
At a high -level dialogue that promoted the development of sustainable infrastructure, Huang Xuncai pointed out that Singapore attaches great importance to the development of traditional and green infrastructure, but this is not limited to Singapore, but the entire Southeast Asia.
He said: "In the future, it will be a world full of tension and increasing competition. The competition we face is not inside the Asianan, but the outside.In the competing right to speak and investment resources, no Asianan country can compete alone. "
It should be united to compete with great powers to create a good infrastructure to release the potential of sub -safety
He believes that if you can unite in Asia, you will have the opportunity to compete with these big powers, and creating a good infrastructure is one of the ways to release the potential of Ya's incentives.
"Therefore, from the perspective of Singapore, it is a win -win situation to help Asia to build more infrastructure, not competition. This is beneficial to Singapore and is beneficial to the entire Asian dimension."
Huang Xuncai said that one of the ways Singapore can help Asia to promote infrastructure to promote more hybrid financing, especially in green and transformation financing.
He believes that if the government, multilateral banks, and even the integration of concessionary Financing with private banks are combined with private banks, more infrastructure projects will be easier to get bank support.
He also suggested that the government can encourage private investment by improving the definition of contracts or supervision and providing some basic guarantees for the project.
Infrastructure projects should not start from financing and design
Although financing is important, Huang Xuncai believes that the start of any infrastructure projects should not start from financing first.
"If you start with financing first, the party providing funds may impose conditions on the government, and certain solutions and certain contractors must be used. This is not necessarily the best for the country."
It is an ideal way to confirm the structure and design of the project, including confirming the management, the charging method and the regulatory structure, etc., and then bidding.
Huang Xuncai said: "The more projects get financing, the reduction of the risks facing investors and banks, and it will be easier for the government to financing. Moreover, the government may not rely on financial institutions to raise bonds to raise funds by themselves." The Minister of Finance and Deputy Minister of Finance from Indonesia, Thailand, the Philippines, Laos, Brunei, and Malaysia also participated in this senior dialogue.
The Indonesian Minister of Finance Mu Yanni believes that the government must formulate suitable policies in order to attract appropriate capital to promote infrastructure projects."Secondly, whether there are sufficient projects. We can say that we need clean water, roads and electricity, but this requires a lot of preparations, especially if considering the environment, society, and governance issues and risks."/P>
Before attending the dialogue, Huang Xuncai met with Asian Development Bank President Asian Development Bank President Asia, Indonesian Health Minister Budi, Thai Finance Minister Akong, and Shen Zhiqiang, deputy minister of Malaysia.
Huang Xuncai stated in the tweet that he had a good discussion with Asaka Yajie on how Singapore cooperated with the Asian Bank to make a good discussion for regional green and transformation and deployment resources.
