Global Trust Fund on Sustainable Finance Instruments
In 2023, with financial support from the Luxembourg government, GGGI established the Global Trust Fund (GTF), a four-year programme to accelerate the adoption of sustainable financial instruments, including thematic bonds and debt-for-nature swaps, in developing countries. This program aims to improve sustainable finance in emerging economies by enhancing policy frameworks, strengthening national green finance ecosystems, and building the capacity of market participants. It facilitates the issuance of thematic bonds by providing key policy support, technical assistance, and guidance to beneficiaries from developing countries.
The GTF strengthens the national green finance ecosystems of at least 22 developing countries in Asia, Africa, and Latin America and the Caribbean, prioritized by the GTF Board. This is achieved through:

GTF's Achievements:
Progress against KPIs (Dec 2025)

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Donor
The main funder of the GGGI’s Global Thematic Bonds Program is the Government of Luxembourg.

GGGI’s Global Trust Fund has a portfolio of thematic bonds in the following countries
