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The Special Meeting of Contributors of Credit Guarantee and Investment Facility (“CGIF”), a trust fund of Asian Development Bank, agreed on 6 December 2017 to increase CGIF’s capital base from $ 700 million to $ 1.2 billion, thus enhancing CGIF’s ability to support development of local currency bond markets in ASEAN countries and help corporates and project in the region to tap these new funding sources.
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