Credit Guarantee and Investment Facility

Established in 2010, CGIF is a multilateral facility established by the Association of Southeast Asian Nations (ASEAN) members, China, Japan, Korea (ASEAN+3) and Asian Development Bank (ADB). CGIF was established to develop and strengthen the local currency and regional bond markets in the ASEAN+3 region and promote economic development, stability and resilience of financial markets in the region. CGIF helps companies that otherwise would have difficulty tapping local bond markets to secure longer-term financing, reduce their dependence on short-term foreign currency borrowing to mitigate currency and maturity mismatches. Increased issuances of local currency bonds willmore