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.
|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|
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.