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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.

In the Spotlight


Green, Sustainability, and Social Bonds for COVID-19 Recovery: A Thematic Bonds Primer

This primer explains how theme bonds can help finance coronavirus disease (COVID-19) recovery programs and projects while catering to specific targets such as environmental sustainability, infrastructure development, and social protection.

Institutional Document

ASEAN Catalytic Green Finance Facility 2019–2020: Accelerating Green Finance in Southeast Asia

This document presents progress made and early achievements as of December 2020 from the pilot phase of the ASEAN Catalytic Green Finance Facility (ACGF) (2019-2021).


Green Finance Strategies for Post-COVID-19 Economic Recovery in Southeast Asia: Greening Recoveries for Planet and People

This publication examines innovative finance mechanisms for government recovery strategies that can incentivize green infrastructure investment in developing Asia and support the fight against the coronavirus disease (COVID-19) pandemic.

Institutional Document

ASEAN Catalytic Green Finance Facility - Green Recovery Program: Environmental and Social Management Framework

This framework sets out the principles, rules, procedures and guidelines for conducting environmental and social due diligence of potential ASEAN Catalytic Green Finance Facility Green Recovery Program projects.

Innovative Finance Lab

The Innovative Finance Lab—a joint ADB and Infrastructure Asia initiative—is one of the ACGF's capacity building platform. The Lab comprises a week-long series of events held twice a year. It includes conferences on the latest green financing trends, training programs for ASEAN government officials, and workshops to identify and prepare ACGF projects.

ACGF Project Process

1. Origination

Potential projects for early-stage project preparation support identified from ACGF country roundtable events and consultations with ADB operations teams and ACGF partners.

2. Rapid assessment

Technical support provided for initial project preparation, including financial structuring and an assessment of potential green impacts.

3. Screening and funding interest

Projects screened against ACGF eligibility criteria, and a draft project information memorandum produced. Financing interest sought from ACGF cofinancing partners.

4. AIF Board review

A full project information memorandum (including a financing plan) finalized and submitted to the ASEAN Infrastructure Fund Board for review and approval.

5. Project preparation and loan approval

Due diligence conducted and the project prepared for ADB and ACGF cofinancing partner loan approvals.


17 May 2019 | News Release

ADB President Meets Prime Minister of Malaysia, Reaffirms Support

ADB President Takehiko Nakao met Prime Minister Dr. Mahathir Mohamad today during a 2-day visit to Malaysia. They previously met in Kuala Lumpur in March 2013, shortly before Mr. Nakao took office at ADB.

4 May 2019 | News Release

Republic of Korea Pledges $355 Million to Support ASEAN Green Infrastructure and Ocean Health

ADB President Mr. Takehiko Nakao and the Republic of Korea Deputy Prime Minister Mr. Nam-ki Hong today signed a Declaration of Intent to support green infrastructure in Southeast Asia.

6 Apr 2019 | News Release

ADB President Affirms Support for Infrastructure Investment, Financial Inclusion at ASEAN Meeting

ADB President Takehiko discussed ADB's economic outlook for ASEAN, the role ADB can play in helping the region invest in infrastructure, and how countries can harness the use of financial technology (fintech) to promote financial inclusion.

4 Apr 2019 | News Release

New Facility to Mobilize $1 Billion for ASEAN Green Infrastructure

Southeast Asian governments, ADB, and major development financiers today launched the "ASEAN Catalytic Green Finance Facility", a new initiative to spur more than $1 billion in green infrastructure investments across Southeast Asia.


AIF Administrator

Alfredo Perdiguero
Southeast Asia Regional Department (SERD)
Asian Development Bank

ACGF Unit Head

Anouj Mehta
Principal Infrastructure Specialist
Southeast Asia Regional Department (SERD)
Asian Development Bank

ACGF Enquiries

  Tel +632 8632 6452