Establishment of European Union–ASEAN Catalytic Green Finance Facility Trust Fund: Financing Partnerships
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The establishment of European Union–ASEAN Catalytic Green Finance Facility Trust Fund (EU-ACGF) will support ADB developing member countries in Southeast Asia to transition to low-emission, climate-resilient infrastructure development.
On 21 December 2021, ADB signed a contribution agreement with the EU, represented by the European Commission (EC), for the establishment of the EU–ACGF with a contribution of up to €51.9 million ($56.67 million equivalent) from the EU’s Asia Investment Facility. The EU–ACGF will support the objectives of the ASEAN Catalytic Green Finance Facility (ACGF), which was created under the ADB-administered ASEAN Infrastructure Fund (AIF), to accelerate the development of green infrastructure by better utilizing public funds to create bankable projects and catalyze private capital, technologies, and management efficiencies.
Contents
- Background and Rationale
- Objectives and Scope
- Eligibility Criteria
- Contribution to the Fund
- Implementation Arrangements
- Administration Arrangements
- The President’s Decision
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