# World Bank and Japan Back Asian Clean Power Credit Facility

*A $50 million IFC commitment anchors the $750 million Emerging Asia fund alongside Japanese concessional debt to upgrade power grids and curb emissions across Southeast Asia.*

**Published:** October 17, 2026  
**By:** Ryo Matsuda  
**Section:** Energy & Critical Minerals — Japan  
**Format:** Breaking  
**Confidence:** high  
**Source:** https://eastasiabrief.com/energy-minerals/world-bank-japan-back-asian-clean-power-credit-facility-765  
**Publisher:** East Asia Brief (https://eastasiabrief.com/)

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## What to know

- World Bank and Japan commit over $115 million to anchor a $750 million Asian clean energy credit fund
- Global Infrastructure Partners manages the vehicle to finance industrial power efficiency and grid resilience across Southeast Asia
- First loan disbursements to private industrial facilities begin in the fourth quarter of 2026

![Workers inspect electrical equipment at a clean energy site featuring solar panels and wind turbines in the background. (AI-generated image)](https://eastasiabrief.com/media/2026-10-16-533f9e77797f.webp)
*Workers inspect electrical equipment at a clean energy site featuring solar panels and wind turbines in the background. (AI-generated image)*

The World Bank Group deployed its first financing under the DRIVE facility on Oct. 16, 2026, joining Japanese state lenders to capitalize an Asian clean power debt vehicle.

The multilateral initiative directs capital into the Emerging Asia Infrastructure Credit Fund. The private debt vehicle is targeting $750 million to finance industrial energy efficiency, power network upgrades and carbon reduction projects across Southeast and South Asia.

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Cite as: East Asia Brief, "World Bank and Japan Back Asian Clean Power Credit Facility," October 17, 2026. https://eastasiabrief.com/energy-minerals/world-bank-japan-back-asian-clean-power-credit-facility-765