Green bond fund structure may help to achieve other UN sustainability development goals

The fund, a joint venture between Amundi and the International Financial Corporation (IFC), closed in March at $1.42 billion. A cooperative arrangement between both public and private sectors, it is in the process of deploying funding for projects. Called the Amundi Planet Emerging Green One (AP EGO)*, it aims to deploy around $2 billion into emerging markets green bonds by the end of its seven-year investment period by reinvesting proceeds.