Southeast Asia Aid Map 2023 - Key Findings Report

Key Findings

• Official development finance plays an important role in financing Southeast Asia’s development, equivalent to around 10% of total government development spending in the region.
• China is Southeast Asia’s single largest development partner and leads infrastructure financing. Yet, implementation problems have seen the scale of China’s financing decline in recent years.
• Traditional development partners collectively still dominate development financing in Southeast Asia at 80% of the total. The multilateral development banks lead the way, followed by Japan, Europe, and South Korea. The United States and Australia are mid-sized players.
• India and the Middle East have become notable sources of non-traditional development finance, with the Islamic Development Bank playing an important role.
• Climate development finance is increasing, but Southeast Asia will need more support if it is to transition towards resilient, low-carbon development.
• Intraregional development cooperation is growing, but only makes up a small part of development finance in Southeast Asia.