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.

Cofinancing

As of February 2020, the ACGF’s seven cofinancing partners have committed $1.42 billion for sovereign loans and $13.1 million for technical assistance. ADB will look to further expand the ACGF’s funding sources through new cofinancing partnerships and is exploring the potential of establishing an ACGF Trust Fund.

ACGF Cofinancing

Financing source Technical assistance Cofinancing commitment
ASEAN Infrastructure Fund   $75 million
ADB $2.5 million $300 million
AFD $1.1 million $168 million
European Investment Bank   $168 million
European Union $4.5 million $52 million
KfW   $336 million
Republic of Korea $5.0 million $350 million

In addition to cofinancing, the ACGF also has in-kind knowledge partnerships with the following organizations: the Global Green Growth Institute, the Organisation for Economic Co-operation and Development, ADM Capital, BNP Paribas, the Overseas Private Investment Corporation.