The Australian Infrastructure Financing Facility for the Pacific (AIFFP) is pleased to announce the release of the inaugural AIFFP Annual Update, providing a comprehensive overview of the AIFFP’s activities, achievements, and impact to date.
As of 30 June 2023, the AIFFP has announced AUD 1.2 billion in financing towards 13 projects across eight countries. Each project has been developed in close consultation with Pacific partners in line with each country’s national priorities in key sectors such as energy, transport and urban infrastructure, telecommunications, airports and maritime.
The AIFFP is committed to responsible and sustainable lending practices and works closely with partners to develop flexible and tailored finance packages. Since 30 June 2023, the AIFFP has committed further financing for projects in the region, giving the AIFFP a total portfolio of 16 projects worth AUD 1.3 billion.
The Annual Update highlights the AIFFP’s commitment to achieving development outcomes, with all projects designed to meet the highest international standards on social and environmental safeguards, optimisation of job creation and economic opportunities for local workers and firms.