echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > International Chemical > ADB and ASEAN set up a US$1 billion green financing fund

    ADB and ASEAN set up a US$1 billion green financing fund

    • Last Update: 2023-01-01
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    The Asian Development Bank (ADB), along with Southeast Asian governments and major development finance institutions, launched the ASEAN (Association of Southeast Asian Nations) Catalytic Green Finance Facility, which aims to mobilize more than US$1 billion in green infrastructure investment in Southeast Asia
    .

    The initiative is expected to provide loans and technical assistance for sovereign green infrastructure projects such as sustainable transport, clean energy and resilient water systems
    .
    It also aims to accelerate private capital access
    by reducing risk through innovative financing structures.

    The fund includes $75 million from the ASEAN Infrastructure Fund (AIF), $300 million from ADB, €300 million ($336 million) from KfW Bank, €150 million ($168 million) from the European Investment Bank and €150 million ($168 million)
    from the Agence Française de Dédéveloppement.

    The facility is part of the Green and Inclusive Infrastructure Window of AIF, a regional financing program
    established in 2011 by ASEAN governments and ADB and administered by ADB.
    The AIF Fund has committed $520 million in financing for energy, transport, water and urban infrastructure projects in
    the region.

    The Asian Development Bank (ADB), along with Southeast Asian governments and major development finance institutions, launched the ASEAN (Association of Southeast Asian Nations) Catalytic Green Finance Facility, which aims to mobilize more than US$1 billion in green infrastructure investment in Southeast Asia
    .

    Green financing

    The initiative is expected to provide loans and technical assistance for sovereign green infrastructure projects such as sustainable transport, clean energy and resilient water systems
    .
    It also aims to accelerate private capital access
    by reducing risk through innovative financing structures.

    The fund includes $75 million from the ASEAN Infrastructure Fund (AIF), $300 million from ADB, €300 million ($336 million) from KfW Bank, €150 million ($168 million) from the European Investment Bank and €150 million ($168 million)
    from the Agence Française de Dédéveloppement.

    The facility is part of the Green and Inclusive Infrastructure Window of AIF, a regional financing program
    established in 2011 by ASEAN governments and ADB and administered by ADB.
    The AIF Fund has committed $520 million in financing for energy, transport, water and urban infrastructure projects in
    the region.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.