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. The ACGF is owned by ASEAN governments and ADB and managed by ADB.

In the Spotlight

The ASEAN Catalytic Green Finance Facility (ACGF)—an initiative of the ASEAN Infrastructure Fund—was launched in April 2019 to accelerate green infrastructure investments in Southeast Asia.

The ACGF provides ASEAN member governments with technical assistance and access to over $1 billion in loans from cofinancing partners. The ACGF’s technical assistance supports governments to identify and prepare commercially viable green infrastructure projects while the ACGF loans are utilized to cover upfront capital investment costs. This two-pronged approach “de-risks” green infrastructure projects, making them more attractive to private capital investors.

 

ACGF Project Process

ACGF Project Process - Origination

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.

ACGF Project Process - Rapid assessment

2. Rapid assessment

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

ACGF Project Process - Screening and funding interest

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.

ACGF Project Process - AIF Board review

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.

ACGF Project Process - Project preparation and loan approval

5. Project preparation and loan approval

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