Albanese to announce $2 billion financing facility to boost economic relations with Southeast Asia

Prime Minister Anthony Albanese will unveil a suite of financial and other incentives to boost Australia’s economic relations with Southeast Asia when he addresses the ASEAN-Australia Special Summit’s CEO forum on Tuesday.

A $2 billion Southeast Asia Investment Financing Facility will provide loans, guarantees, equity and insurance for increasing Australian trade and investment in the region, especially supporting its transition to clean energy and developing infrastructure.

The facility will be managed by Export Finance…