HKMA makes $1b EM infrastructure push

The Hong Kong Monetary Authority HKMA wants to stimulate more global investor funding into infrastructure financing with its $1 billion commitment to a World Bank-associated programme, as part of its broader strategic efforts in the infrastructure space.

The de facto central bank of Hong Kong announced on Tuesday September 19 it would invest the money into the Managed Co-lending Portfolio Progamme MCPP, a financing initiative focused primarily on emerging market infrastructure. The MCPP is run by the International Finance Corporation IFC, the private sector arm of the World Bank.

An HKMA spokesman told FinanceAsia's sister title, AsianInvestor,...