Green Finance Catalyzing Facility


Project 51194-003
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Type TA
Sector Finance
Country PRC
Start 2017
End 2020
Status Ongoing
Last Edited 05 Jul 2021


US$('000) 450
Confinancing Source: Cooperation Fund for Project Preparation in the Greater Mekong Subregion and in Other Specific Asian Countries

Project Description

The Facility will finance a pool of green projects sponsored by local governments through ring fenced and special purpose vehicles with mandatory green (e.g. carbon reduction plus land, water, and air pollution indicators) and financial bankability (e.g. financial internal rate of return, debt service coverage ratio) indicators; conditional on PIC leverage ratios; and cross-sector: (i) water and sanitation, including drainage and sponge cities; (ii) urban transport, including electric vehicles and public transport; (iii) waste management, including waste to energy and hazardous waste; (iv) environment, including forestry and land remediation. The program could also support ADB PRC flagship programs, particularly "Yangtze River Economic Belt Framework," "Low Carbon City," and the "Belt and Road" initiative by leveraging sovereign funding.

Progress (as of March 2021)


Contact 1
Contact Name Leung, Kang Hang
Organization Asian Development Bank
Contact 2
Contact Name -
Organization -
Email -

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