ADFIAP organized a half-day briefing for its members on the Credit Guarantee and Investment Facility’s (CGIF) programs and activities on July 17, 2018 at its headquarters in Makati City, Philippines. The event was attended by17 participants.
The ADB-based CGIF was established by the 10 members of the Association of Southeast Asian Nations (ASEAN) together with the People’s Republic of China, Japan, Republic of Korea (ASEAN+3) and Asian Development Bank (ADB).CGIF is a key component of the Asian Bond Markets Initiative (ABMI) of the ASEAN+3 cooperation. It has been established to promote economic development, stability, and resilience of financial markets in the region. The main function of CGIF is to provide credit guarantees for local currency denominated bonds issued by investment grade companies in ASEAN+3 countries.
Mr. Boo Hock Khoo, CGIF Vice President for Operations, conducted the briefing and subsequent Q&A. For more details on CGIF, please visit http://www.cgif-abmi.org/