KUALA LUMPUR, Dec. 8 (Xinhua) -- The ASEAN Infrastructure Fund (AIF) initiated by ASEAN leaders is targeted to be launched in May 2010, a Malaysian official said here on Tuesday.

The AIF would be operated by a special purpose vehicle (SPV) managed by the Asian Development Bank, Malaysian Second Finance Minister Ahmad Husni Hanadzlah said after opening the Malaysia-Indonesia Economic Seminar here.

Husni said bonds would be issued so that countries with surplus funds could invest in infrastructure development and earn dividends.

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Posted by claire at December 8, 2009 7:52 AM