EU-led consortium backs €20bn green fund for developing markets
27 apr. 2026
12:16
A coalition of European development banks has signed off on a new vehicle targeting sustainable infrastructure in low- and middle-income countries – with up to €20bn in mobilisation potential.
The Global Green Bond Initiative (GGBI) Fund is now live, backed by roughly €800m in equity from a consortium of European development finance institutions led by the European Investment Bank, alongside EBRD and development banks from Spain, Italy, the Netherlands, Germany, and France. The European Commission is providing credit protection via its EFSD+ Guarantee.
The fund is managed by Amundi, Europe's largest asset manager, and is designed to crowd in up to €2bn from private investors on top of the ~€1bn public equity base. Additional contributions are expected from Luxembourg's LuxDev and, pending documentation, the Green Climate Fund.