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. To be financed under the ACGF, projects must be sovereign or sovereign-guaranteed and fulfil eligibility criteria that includes: - Clear environmental goals and targets - A financial sustainability plan - A roadmap for attracting private capital investment The ACGF focuses on projects that promote renewable energy, energy efficiency, sustainable urban transport, water supply and sanitation, waste management, and climate-resilient agriculture. In addition to project preparation and financing support, the ACGF provides knowledge services, and training programs to strengthen the regulatory environment and build the institutional capacity of ASEAN governments to scale up green infrastructure investments. The ACGF is owned by the finance ministries of the 10 ASEAN member countries as well as ADB, which also manages the facility. Cofinancing partners are ADB, Agence Française de Développement, AIF, the European Investment Bank, the European Union, KfW, and the Republic of Korea.