The European Union and partner development finance institutions have signed the Global Green Bond Initiative (GGBI) Fund, a new public-private investment vehicle designed to mobilise up to €20 billion in private capital. The initiative targets sustainable infrastructure projects in low and middle-income countries, channelling green finance to regions where such investment is most needed. The deal, announced in Brussels on 24 April 2026, marks a significant step in the EU's broader push to align global infrastructure development with climate and sustainability goals.