Amundi participates in the launch of the Global Green Bond Initiative Fund, one of the largest global blended finance funds
27 APR, 2026
By Joanna Piwko from RankiaPro Europe
Amundi has announced that it will contribute to the development of the Global Green Bond Initiative (GGBI), a Europe-led initiative to mobilize institutional private capital in support of climate and environmental projects in the European Union's partner countries, with particular attention to emerging markets and developing economies.
Fund objectives and structure
The GGBI fund is a public-private investment vehicle designed to catalyze large-scale capital towards green bonds. The target size is 3 billion euros, leveraging nearly 1 billion euros of own capital from multilateral development banks (MDB) and development finance institutions (DFI), with the aim of raising up to 2 billion euros from private investors.
As a reference investor in primary green bond issues, the fund aims to attract additional private capital flows to finance climate and environmental projects. The initiative is supported by an EFSD+ guarantee from the European Commission, which provides credit protection to the GGBI consortium.
The GGBI consortium and governance
The GGBI consortium brings together multilateral and bilateral DFIs as equity investors, including:
- European Investment Bank (EIB)
- Spanish Government
- Cassa Depositi e Prestiti
- European Bank for Reconstruction and Development
- FMO (the Dutch entrepreneurial development bank)
- KfW Responsible Bank
- Proparco (Agence Française de Développement)
- Government of the Grand Duchy of Luxembourg, through LuxDev
Additional funding is expected from the Green Climate Fund once the documentation process is completed during the year. The governance structure of the initiative is defined by the European Commission together with the DFIs.
“Mobilizing capital is essential to allow greater participation of emerging markets in the energy transition. To this end, blended finance represents a unique opportunity to employ capital capable of generating both sustainable impact and financial returns. We are very pleased to contribute to this significant initiative and to be the manager of the largest blended finance fund ever launched so far. This initiative is fully in line with Amundi's strategic ambitions in terms of responsible investment. Collaboration between different stakeholders is essential to design effective structures and share skills. We will continue to leverage our global leadership and our distinctive capabilities to promote innovation in these areas.
Valérie Baudson, Chief Executive Officer of Amundi
