The 2nd ANNUAL BCM SUMMIT is being held under the theme “Regional Connectivity in Asia” to discuss opportunities in Mongolia to accelerate trade and economic development in Asia at Ikh Tenger complex.
Declan MAGEE, Senior Country Economist, Asian Development Bank delivered a presentation on Meeting Asia’s Infrastructure Needs.
Key messages of his presentation was as follows;
- Developing Asia needs $26 trillion (in 2015 prices), or $1.7 trillion per year, for infrastructure investment in 2016-2030
- Without climate change mitigation and adaptation, the needs are $22.5 trillion, or $1.5 trillion per year
- These are more than double ADB 2009 estimates
- The infrastructure investment gap varies across country
- Both public and private sectors must increase infrastructure finance-reforms are key.
Following, the panel on Overcoming Asia`s Infrastructure Investment Bank commences. -Panelists involving;
- Matthew BERSANI, Global Head of Corporate Finance, Shearman and Sterling LLP
- Luvsandorj DULMAZUL, Board Member, Ulaanbaatar Chamber of Commerce, Managing Director, Wolfson Capital
- Hirotake HIROSE, Chief Representative, Bank of Tokyo Mitsubishi UFJ Ltd
- Declan MAGEE, Asian Development Bank
- A.MUNKHBOLD, Director, Research Department, National Development Agency
- Aihua XIE, General Manager, Hengyuan International Engineering Group
The panel discussion covers insights and challenges for private sector on how to make contribution to infrastructure and trade development in the region and benefit from the progress.
The 2nd ANNUAL BCM SUMMIT is being held under the theme “Regional Connectivity in Asia” to discuss opportunities in Mongolia to accelerate trade and economic development in Asia at Ikh Tenger complex.
Declan MAGEE, Senior Country Economist, Asian Development Bank delivered a presentation on Meeting Asia’s Infrastructure Needs.
Key messages of his presentation was as follows;
- Developing Asia needs $26 trillion (in 2015 prices), or $1.7 trillion per year, for infrastructure investment in 2016-2030
- Without climate change mitigation and adaptation, the needs are $22.5 trillion, or $1.5 trillion per year
- These are more than double ADB 2009 estimates
- The infrastructure investment gap varies across country
- Both public and private sectors must increase infrastructure finance-reforms are key.
Following, the panel on Overcoming Asia`s Infrastructure Investment Bank commences. -Panelists involving;
- Matthew BERSANI, Global Head of Corporate Finance, Shearman and Sterling LLP
- Luvsandorj DULMAZUL, Board Member, Ulaanbaatar Chamber of Commerce, Managing Director, Wolfson Capital
- Hirotake HIROSE, Chief Representative, Bank of Tokyo Mitsubishi UFJ Ltd
- Declan MAGEE, Asian Development Bank
- A.MUNKHBOLD, Director, Research Department, National Development Agency
- Aihua XIE, General Manager, Hengyuan International Engineering Group
The panel discussion covers insights and challenges for private sector on how to make contribution to infrastructure and trade development in the region and benefit from the progress.