A secret study warned the Morrison government to radically recast foreign aid spending, including taking direct equity stakes in infrastructure projects and provide loan guarantees for businesses, in a bid to combatThe 2019 feasibility study into expanding development financing options prepared for the Department of Foreign Affairs and Trade flagged the need for Canberra to unlock private sector investment to help meet the Indo-Pacific’s huge appetite for infrastructure while achieving crucial...
“The need for development finance across our region is immense, and in addition to Australia’s development grants, we need to do everything we can to leverage greater investment from a wide range of sources,” International Development and Pacific Minister Pat Conroy said. As part of the Pacific Step-Up, the former government established the $2 billion Australian Infrastructure Financing Facility for the Pacific , which is providing grants and concessional loans for energy, telecommunications and transport projects across the region., which saw taxpayers provide $US1.33 billion in debt and equity-like securities, is regarded as a commercial transaction and not aid.
One opportunity Mr Eyers identified is lending money to Papua New Guinea’s government to take equity stakes in liquefied natural gas and other resources projects.
lol... all the good stuff. what is the main purpose: to counter CHINA truly shameless Such a friend. cowestpro RobbieBarwick Sorry reminded me about your interview last night, is Australia China's friend? Chinese PLA: but teacher, I thought Aussies were our friends?
just a stupid idea Infrastructure would be a waste if the nation is bankrupt like Srilanka then Oz would need to pay up The roads wont benefit us Many Pacific nations r too small to exist Even PNG with gold&gas they dont have money
long o.due