The European Commission and partner development finance institutions have signed the Global Green Bond Initiative (GGBI) Fund, a new public-private investment tool under the European Union’s Global Gateway strategy intended to mobilise up to EUR 20 billion of private capital for sustainable infrastructure projects in low and middle-income countries. The fund aims to unlock up to EUR 3 billion in green bonds in partner countries and will invest exclusively in primary market issuance, prioritising first-time issuers including governments, local authorities and businesses. At least 20% of investments will target the world’s least developed countries, with support for bonds issued in both local currency and euro. The structure is expected to crowd in up to EUR 2 billion from European and international private investors, leveraging around EUR 1 billion in equity from public investors, including close to EUR 800 million from a consortium led by the European Investment Bank with the European Bank for Reconstruction and Development and development banks from Spain, Italy, the Netherlands, Germany and France. The Commission will provide credit protection to the consortium through its European Fund for Sustainable Development Plus (EFSD+) Guarantee, and Amundi will manage the fund. Additional equity contributions are expected from the Green Climate Fund once documentation is finalised later in 2026.
European Commission 2026-04-24
European Commission and partner development finance institutions sign Global Green Bond Initiative Fund to mobilise up to EUR 20 billion for sustainable infrastructure via green bonds
The European Commission and partner development finance institutions have launched the Global Green Bond Initiative Fund, a public-private vehicle under the EU’s Global Gateway strategy to mobilise up to EUR 20 billion for sustainable infrastructure in low and middle-income countries. The fund will invest exclusively in primary green bond issuance, prioritise first-time issuers, allocate at least 20% to least developed countries, and is expected to crowd in up to EUR 2 billion from private investors on around EUR 1 billion in public equity, supported by an EFSD+ Guarantee and managed by Amundi.