ADB to mobilise $2.75b of private capital for APAC’s green projects

This will support sustainable development in the region.

The Asian Development Bank (ADB) is working with ten global insurers to raise $2.75b of private capital to support sustainable growth in Asia and the Pacific.

In a statement, ADB said the Master Framework Agreement for Sustainable Infrastructure facilitates the growth of the private sector in the region and will allow the bank to increase its lending capacity to projects through the use of credit insurance. 

The partner insurers will help derisk a portion of ADB’s loans to sustainable infrastructure projects. 

"By transferring credit risk to global insurers, ADB boosts its lending capacity and creates a replicable model for reducing infrastructure investment risks in emerging markets," said ADB Vice-President Bhargav Dasgupta.

One of the partners, Tokio Marine HCC – Credit Group President Jerome Swinscoe assured that the company is “committed to supporting energy transition endeavors, in line with the Japanese government’s Green Transformation (GX) strategy.”