AIFFP’s response to COVID-19
COVID-19 has had a devastating economic effect on the region - the AIFFP’s focus on local jobs and private sector will provide much needed economic stability and stimulus for Pacific island countries and Timor-Leste. Demand continues to be strong for AIFFP’s financing within the region.
The AIFFP Board has endorsed eight AIFFP financed projects in the past twelve months: four project feasibility activities and four large infrastructure projects. AIFFP’s financing for these is in various stages of final approval and negotiation. Telecommunications and energy projects have dominated the pipeline to date. We will provide details of the projects once loan and grant agreements have been finalised.