Published by Global Banking & Finance Review®
Posted on April 24, 2026
2 min readLast updated: April 24, 2026
Add as preferred source on GoogleThe EU, with financial partners, launched the Global Green Bond Initiative Fund—managed by Amundi—to mobilise up to €20 billion in private capital via green bonds for sustainable infrastructure in low- and middle-income countries.
April 24 (Reuters) - The European Union has formed, along with financial institution partners, the Global Green Bond Initiative Fund which aims to mobilise up to 20 billion euros ($23.43 billion) of private capital for sustainable infrastructure projects in low- and middle-income countries.
• The EU said on Friday the fund would target making at least 20% of its investments in the world's least developed countries, via euro-denominated bonds and those issued in the local currency of such countries.
• Green bonds are sold by issuers to raise funds for projects seen as protecting the environment, such as renewable energy.
• "This will help strengthen local capital markets and promote the international use of the euro," the European Commission said in a statement.
• The Global Green Bond Initiative Fund will be managed by French asset manager Amundi.
• With the fund, Europe underlines its leadership in sustainable finance, said European Commission President Ursula von der Leyen. "We will mobilise billions in private investment into our climate and environmental goals," she added.
• A report last year said that the amount of green bonds sold by governments, banks and companies had slumped in 2025 from the previous year, as climate change policies were rolled back in the United States and Europe.
($1 = 0.8536 euros)
(Reporting by Sudip Kar-Gupta; Editing by Kirsten Donovan)
The Global Green Bond Initiative Fund is an EU-backed fund aiming to mobilize up to 20 billion euros for sustainable infrastructure in low- and middle-income countries.
French asset manager Amundi is managing the Global Green Bond Initiative Fund.
The fund will support projects that protect the environment, such as renewable energy, using green bonds.
At least 20% of the fund’s investments are targeted towards the world’s least developed countries.
The use of euro and local currency bonds aims to strengthen local capital markets and promote international use of the euro.
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