fbpx ACGF: Cofinancing | Asian Development Bank

ASEAN Catalytic Green Finance Facility (ACGF)

The ACGF is an ASEAN Infrastructure Fund initiative supporting governments in Southeast Asia to prepare and finance infrastructure projects that promote environmental sustainability and contribute to climate change goals.


Nine partners have committed $1.8 billion in cofinancing and funds for technical assistance to the ACGF. By the end of 2022, $504 million of the partner funds were committed to ACGF-eligible projects in the ADB pipeline.

ACGF Cofinancing

Partner Technical assistance Cofinancing commitment
Agence Française de Développement (AFD) €1 million €150 million
Asian Development Bank (ADB) $1.5 million $300 million
CDP (Italy) €2 million €130 million
Economic Development Cooperation Fund (EDCF) (Korea) $5 million $350 million
European Investment Bank (EIB)   €150 million
European Union (EU) €4 million €46 million
Foreign, Commonwealth & Development Office (FCDO) (UK) £7 million £100 million
Green Climate Fund (GCF) $20 million $280 million
KfW   €300 million

In addition to cofinancing, the ACGF also has in-kind knowledge partnerships with Climate Bonds Initiative, Global Green Growth Institute, Infrastructure Asia and the Organisation for Economic Co-operation and Development.