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Publications

Flyer
GSS+ Bonds Initiative: Scaling Sustainable Finance in Southeast Asia

This flyer highlights the impact of ADB’s Green, Social, Sustainable, and Other Labeled (GSS+) Bonds Initiative since its launch in 2020, which has catalyzed over $5 billion in GSS+ transactions to…

Report
Climate Risk and Adaptation Assessment for the Laguna Lake Area: An Integrated Approach to Climate-Resilient Infrastructure Planning

This report summarizes the results of a climate risk and adaptation assessment of the Laguna Lake area in the Philippines to help inform climate-resilient planning and investment.

Report
Air Quality in Southeast Asia: Status, Trends, and Priority Interventions Across Eight ASEAN Cities

This publication provides an overview of air quality in Southeast Asia and highlights priority actions to strengthen monitoring, coordination, and financing for clean air.

Report
ASEAN Catalytic Green Finance Facility 2025: Turning Regional Ambition into Green Investments

This report summarizes progress made and achievements from January to December 2025 of the ASEAN Catalytic Green Finance Facility (ACGF).

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Activities

Deepening Partnerships for Green and Resilient Infrastructure

ADB convened the biannual AIF Board and ACGF Partners Meeting to review progress and identify pathways to advance the next pipeline of bankable projects. Discussions highlighted the partnership model's role in bringing together ASEAN ministries of finance and 10 global development partners, supporting catalytic lending to 19 sovereign projects, and mobilizing over $11 billion for sustainable infrastructure, while reinforcing priorities on investor clarity, climate risk management, fiscal policy, project readiness, and strategic catalytic finance under the AIF Action Plan 2025-2028.

Sharing ACGF's 2025 Year of Delivery

ACGF released its December 2025 Newsletter, highlighting a year of delivery across green infrastructure, sustainable finance, and knowledge work. The edition summarized $2.1 billion in total project costs across four approved projects, 15 projects supported across seven sectors and seven countries, and key updates on the Philippines' blue economy, agrifood system transformation in Lao PDR, clean energy transition in Indonesia and Cambodia, resilient urban infrastructure in Cambodia, and ACGF's 2025 knowledge, capacity building, and communications highlights.

Advancing the Philippines’ Blue Economy Development

With support from ACGF, ADB approved a $500 million policy-based loan under the Marine Ecosystems for Blue Economy Development Program (Subprogram 1) to strengthen marine ecosystems and climate resilience in the Philippines. ACGF supported program preparation through targeted technical assistance to strengthen reform design and implementation readiness across key policy areas, while partners Agence Française de Développement and KfW will each provide up to €200 million in cofinancing. Capacity building for core policies was also supported by the e-Asia and Knowledge Partnership Fund. 

Powering Indonesia’s Clean Energy Transition

ACGF published a Catalytic Finance Story highlighting how Phase 1 of Indonesia’s Accelerating Clean Energy Transition Program (AICET) is scaling renewable energy and strengthening power system resilience through one of the largest blended finance packages in Southeast Asia. As ACGF’s largest energy-supported program to date, AICET mobilizes up to $1.1 billion in financing from ADB, the ASEAN Infrastructure Fund, and ACGF partners including Agence Française de Développement, KfW, the European Union, and the UK, anchored by $30 million in concessional cofinancing.

Investing in Cambodia’s Resilient Urban Future

With support from ACGF, ADB approved the $763 million Livable, Resilient, and Water-Secure Cities Investment Program to strengthen water security, climate resilience, and urban livability across rapidly growing cities in Cambodia. The multi-tranche program is expected to benefit more than 2 million people in 14 cities and 12 districts, contributing to national goals for universal access to safely managed water and sanitation. ACGF mobilized $155 million in concessional financing from Agence Française de Développement, the ASEAN Infrastructure Fund, and the European Union through its Global Gateway, supporting climate-adaptive infrastructure investments, expanded access to basic urban services, and strengthened urban planning and utility capacity.