On Friday, 24 April, the European Commission and several partner development finance institutions announced the creation of the ‘Global Green Bond Initiative (GGBI) Fund’, a new public-private investment tool aiming to mobilise up to €20 billion in private capital for sustainable infrastructure projects in low- and middle-income countries.
This fund, which is part of the European Union’s Global Gateway strategy, is meant to enable green bond markets to develop in the EU’s...