AIIB highlights main obstacles to financing housing

The Asian Infrastructure Investment Bank (AIIB) has identified three key priority areas to address the problem of affordable housing provision, AIIB's Principal Partnership Specialist Pin Yen Chea said during the panel discussion titled "From Global Housing Finance to Local Affordable Housing Action: Leveraging Global Development and Sub-National Finance," organized within the framework of the 13th session of the World Urban Forum (WUF13) held in Baku.

"There are three main barriers hindering the financing of affordable housing: the shortage of projects that meet the requirements for obtaining financing, insufficient support at their preparation stage, as well as the limited application of private capital mobilization tools - blended finance, guarantee mechanisms, and credit enhancement instruments," he emphasized.