IFC, EIB and EBRD commit invest in Amundi Planet fund

The International Finance Corporation (IFC), the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) have committed $256 million, $100 million and $68.5 million of investment respectively for green projects in emerging markets. The landmark investment will be made in the Amundi Planet – Emerging Green One fund that will invest in green bond issuances by emerging market financial institutions, supporting the development of the green bond sector in emerging markets. The Amundi Planet – Emerging Green One fund has been set up by Amundi, Europe’s largest asset manager, in partnership with IFC, and focuses on investing in green bonds issued by private sector financial institutions. The fund currently has a total investor commitment of $1.42 billion.