The initiators of the Green for Growth Fund are the European Investment Bank and Germany’s KfW Development Bank. The fund is additionally supported by contributions from the European Commission and the German Federal Ministry for Economic Cooperation and Development (BMZ) and a diverse group of international financial institutions and private investors.
Appointed by the shareholders, the fund’s Board of Directors is the main decision-making body, overseeing the fund and determining its strategy and approach.
The board appoints the Investment Committee, comprising specialists in finance and energy. The Investment Committee approves all investment decisions, ensuring that they comply with the fund’s high standards and the strategic direction laid out by the Board of Directors.
The Board has also appointed an FX Committee to vet pricing and other matters pertaining to the fund’s local currency investments made utilizing its “L Share” class. These specialized shares enable the fund to internally absorb currency fluctuations made in local currency by allocating the related foreign exchange gains and losses to this dedicated share class.
The Technical Assistance Facility Committee approves the technical assistance projects proposed by the Advisor.
Specialist firms provide professional services to the GGF. The Advisor, Finance in Motion, supported by the Technical Advisor, MACS, ensures that each investment proposed to the Investment Committee has been thoroughly reviewed in terms of risks, opportunities, and impact.
Finance in Motion as the Technical Assistance Facility Manager coordinates and conducts technical assistance projects under the supervision of the Technical Assistance Facility Committee.