Green and Transition Solutions: Financing Asia’s Transition Partnership

Launched by the Monetary Authority of Singapore in 2023, Financing Asia’s Transition Partnership (FAST-P) is a Singapore-led blended finance initiative with global partners to mobilise up to US$5b to de-risk and finance transition and marginally bankable green projects in Asia.

The Singapore Government will pledge up to US$500m in concessional capital, matched by partners including governments, DFIs and philanthropies, to crowd in commercial capital. The first fund under FAST-P, the Green Investments Partnership (GIP), achieved first close with US$510m committed, deploying debt financing for climate-related, marginally bankable sustainable infrastructure in Southeast and South Asia.

FAST-P addresses the region’s climate finance gap with blended and tiered structures, unlocking capital for innovative marginally bankable infrastructure projects that face financing challenges, especially during development and construction.

Find out more here.

Accelerating transition and green projects.