The Asian Development Bank (ADB), in partnership with the Foreign, Commonwealth and Development Office of the United Kingdom, and the Green Climate Fund, on 2 November 2021 at the COP26 conference in Glasgow held a high-level event with partners and governments to discuss critical actions needed to finance a green recovery in Association of Southeast Asian Nations (ASEAN) developing member countries after the coronavirus disease (COVID-19) pandemic.

At the event, four new cofinancing partners and their support for an ASEAN Green Recovery Platform through the ADB-managed ASEAN Catalytic Green Finance Facility (ACGF), were announced.

ACGF will develop and finance green infrastructure projects that align with the ambitions of the Paris Agreement, aspiring to use $665 million of development funds to catalyze $7 billion for green infrastructure across ASEAN.

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