Fast-P Office

FAST-P is a blended finance initiative which brings together international public, private and philanthropic partners to support Asia’s decarbonisation and climate resilience. The Singapore Government will pledge up to US$500 million as concessional capital, to match dollar-for-dollar, concessional capital from other partners, including other governments, multilateral development finance institutions and philanthropies. This combined pool of concessional capital will be used to crowd in commercial capital and other sources of finance to support Asia’s green transition, and raise up to US$5 billion to support Asia’s green and transition financing needs. Since its launch, FAST-P has expanded its network of partners, to prepare for capital raising and deployment in 2025. Allied Climate Partners (ACP), Asian Development Bank (ADB), Global Energy Alliance for People and Planet (GEAPP), International Finance Corporation (IFC) and Temasek are FAST-P’s initial partners. AIA Group Limited (AIA), British International Investment (BII), European Commission and Team Europe partners Dutch Entrepreneurial Development Bank (FMO) and the German Development Finance Institution (DEG), HSBC, Mitsubishi UFJ Financial Group (MUFG) and Nippon Export and Investment Insurance (NEXI) are in discussions for a potential collaboration with FAST-P.