ACGF on the Agenda: How SDG bonds can accelerate a green recovery
The World Economic Forum has published a blog post in their Agenda platform signed by ACGF Unit Head Anouj Mehta, based on the recently published Accelerating Sustainable Development after COVID-19: The Role of SDG Bonds. The blog post gives an example of how SDG Accelerator Bonds could be used to help mobilize financing required to develop green and sustainable infrastructure projects in developing Asia.
ACGF highlighted in ADB Partnership Report 2020
In ADB's Partnership Report 2020: Responsive Partners, Resilient Communities, the ASEAN Catalytic Green Finance Facility is presented as an innovative facility that has generated a lot of interest among international cofinanciers, contributing to ADB Southeast Asia Regional Department's record-setting $5.4 billion in cofinancing for 56 projects and technical assistance, equivalent to 49% of total sovereign cofinancing operations for 2020.
ACGF joins 15th Pacer Dialogues Focus on Green Policies for Post COVID-19 Economic Recovery
The 15th Policy Actions for COVID-19 Economic Recovery (PACER) Dialogue on green policies and finance was attended by over 90 government officials from the BIMP-EAGA, IMT-GT, and GMS (B-I-G) Capacity Building Program and the ASEAN Infrastructure Fund (AIF). The ASEAN Catalytic Green Finance Facility (ACGF) presented the 5 green growth opportunities and 3 key steps highlighted in the ADB Brief ‘Implementing a Green Recovery in Southeast Asia’, and the implementation of Green and Innovative Finance Strategies and the ACGF Green Recovery Program for Southeast Asia. Country experience on implementing green recovery strategies and finance were presented by Paola Alvarez, Assistant Secretary at the Department of Finance of the Republic of the Philippines, and Paroche Hutachareon, Senior Expert on Bond Market Development at the Public Debt Management Office, Ministry of Finance, Kingdom of Thailand.
Second SDG Dialogue – private investment in the SDGs
VP Ashok Lavasa on 7 July 2021 delivered the closing remarks at the Second SDG Dialogue, highlighting ADB’s continued commitment to helping countries finance the SDGs through partnerships with the private sector. The session highlighted initiatives such as ADB Ventures, AP3F, and new approaches such as SDG Accelerator Bonds, developed by the ASEAN Catalytic Green Finance Facility, that ADB is deploying to help countries achieve the SDGs. The panel included CEO and Chair of the Asian Venture Philanthropy Network, Naina Batra, Managing Director of BlackRock Sustainable Investing Asia Pacific, Emily Woodland, Private Sector Operations Department Director General Suzanne Gaboury, and Southeast Asia Department Director General Ramesh Subramaniam, in an interactive dialogue on opportunities to steer private investment towards the SDGs.
ACGF Green Recovery Program presented at APCW 2021 event on green recovery
ADB and UNDP jointly hosted the live event ‘An Opportunity for Transformation: Integrating National Climate Strategies into the COVID-19 Recovery’ at the virtual Asia-Pacific Climate Week 2021 (APCW 2021). Part one of the session captured key elements of a green, inclusive and resilient COVID-19 recovery, including experiences from Viet Nam and Armenia. The ASEAN Catalytic Green Finance Facility (ACGF) moderated the second part, a discussion highlighting lessons, challenges, and opportunities of countries developing their long-term strategies to inform green recovery investments, including key takeaways from Tonga's experiences and the ACGF’s Green Recovery Program and how eligible countries can benefit from it.
VP Saeed launches report on SDG bonds
A new ADB report was launched by VP Ahmed M. Saeed at the annual meeting of the Sustainable Development Investment Partnership (SDIP), a joint OECD-World Economic Forum platform of public-private collaboration to support sustainable development. The publication, Accelerating Sustainable Development after COVID-19: The Role of SDG Bonds, is a guide to using sustainable development goal (SDG) bonds as a mechanism to attract global private financing aiming to help developing countries tap into global capital markets to support a green, resilient, and inclusive recovery from the coronavirus disease (COVID-19) pandemic and meet the SDGs. The report has been developed by the ASEAN Catalytic Green Finance Facility (ACGF) in collaboration with the SDIP ASEAN Hub. Read news release and see video.
AIF board of directors approve mainstreaming of the ACGF
ADB Southeast Asia Department Deputy Director General Winfried Wicklein joined the 19th ASEAN Infrastructure Fund's (AIF) board of directors meeting on 30 June 2021. Regional Cooperation Director Alfredo Perdiguero, as AIF Administrator presented the progress of the AIF’s operations. During the meeting, the AIF Board unanimously approved the proposal to mainstream the ASEAN Catalytic Green Finance Facility (ACGF) as a permanent green facility under the AIF after its successful pilot period from 2019-2021. Anouj Mehta, Unit Head of the SERD Innovation Hub and ACGF, also highlighted the results of the green facility and its strategy moving forward, with a potential pipeline of 25 projects, a new proactive origination strategy, and a Green Recovery Program being embarked on with the support of the Green Climate Fund.
ACGF Unit Head Anouj Mehta interviewed as impact leader on Tech for Impact
Anouj Mehta, Unit Head of the ASEAN Catalytic Green Finance Facility (ACGF) was interviewed by the CEO of Tech for Impact (TFI), Teymoor Nabili as a part of TFI’s Impact Interview series. During the interview, Mr Mehta explained the Southeast Asian region’s need for private capital and how ADB and ACGF are developing new and innovative ways of catalyzing funding for SDG-friendly infrastructure.
ACGF status and strategy for green growth consultations held with partners
The ASEAN Catalytic Green Finance Facility (ACGF) hosted a meeting with 7 of its 13 global partners, to provide a status update on the ACGF operations to date as well as its strategy and plans for the future. Key issues discussed were the ACGF’s pipeline of 25 projects; the mainstreaming of the ACGF as a permanent window of the ASEAN Infrastructure Fund from June 2021 following a successful pilot period; a new pro-active origination strategy ‘Six Champions’; and the new ‘Green Recovery Program’ being embarked on with the support of the Green Climate Fund.
ACGF shares experiences on thematic bonds at UNDP-ADB Webinar in Indonesia
The Asian Development Bank (ADB) and the United Nations Development Programme (UNDP) co-organized a session aiming to build confidence of local finance professionals in Indonesia involved in capital raising, enabling them to present their clients with the option to broaden their investor base and reduce execution risks by appropriately labeling green and sustainable transactions. The ASEAN Catalytic Green Finance Facility (ACGF) was invited to present on best practices, lessons learned, and experiences in preparing and issuing green and sustainability thematic bonds, and the available resources to highlight the various streams of support on offer for issuers and intermediaries.