EU and partners launch the Global Green Bond Initiative Fund to mobilise up to €20 billion for sustainable infrastructure
The new public-private investment fund backed by the European Union aims to unlock private capital for green projects in low- and middle-income countries, strengthening green bond markets and supporting the global climate transition.
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The European Union and a consortium of international development finance institutions have launched the Global Green Bond Initiative (GGBI) Fund, a new financial instrument designed to mobilise up to €20 billion in private investment for sustainable infrastructure projects in low- and middle-income countries.
The fund is one of the flagship pillars of the EU’s Global Gateway strategy and aims to support the development of green bond markets by helping governments, local authorities and businesses issue green bonds to finance climate and environmental projects.
According to the European Commission, the GGBI Fund could help unlock up to €3 billion in green bonds in partner countries, with at least 20% of investments targeting the world’s least developed countries. The initiative will support bonds issued both in euro and local currencies, helping strengthen domestic capital markets and promote high environmental standards.
The initiative brings together the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), and several European development banks, including Italy’s Cassa Depositi e Prestiti. The fund will be managed by Amundi.
The project is part of the EU’s broader strategy to foster sustainable investment worldwide and accelerate the green transition through innovative financial tools.
