ACGF - ASEAN Catalytic Green Finance Facility

The ASEAN Catalytic Green Finance Facility (ACGF) is a regional $1.9 billion facility under the ASEAN Infrastructure Fund (AIF). It was launched in 2019 to accelerate green infrastructure investments in Southeast Asia and to support countries meet their climate change and environmental sustainability goals. The AIF is owned by the 10 ASEAN member states and the Asian Development Bank (ADB) and is administered by ADB. Nine cofinancing partners support the ACGF: ADB, Agence Française de Développement (AFD), Cassa Depositi e Prestiti (CDP), European Investment Bank (EIB), European Union (EU), Green Climate Fund (GCF), Government of the Republic of Korea (Economic Development Co-operation Fund (EDCF)), KfW, and the UK Foreign Commonwealth and Development Office (FCDO). ACGF also leverages knowledge support from Global Green Growth Institute, Organisation for Economic Co-operation and Development (OECD), Infrastructure Asia, and the Republic of Korea e-Asia and Knowledge Partnership Fund. The main pillars of the ACGF’s work are: • Project origination and structuringSourcing funding to de-risk green infrastructure projects • Building knowledge and capacity on green finance To be financed under the ACGF, projects must be sovereign or sovereign-guaranteed and fulfil the ACGF eligibility criteria: • contribution to climate change mitigation/ adaptation and other environmental sustainability objectives • potential to improve bankability as measured against standard financial indicators • potential to catalyze further financial resources, including private, commercial, and institutional capital