Credit Guarantee and Investment Facility is a trust fund of the Asian Development Bank (CGIF), established to promote financial stability and deepen local currency bond markets across the ASEAN+3. This unique structure reflects the collective commitment of ADB and ASEAN+3 member countries to strengthen capital market integration and resilience. 

CGIF was established in November 2010 to promote financial stability and to boost long-term investments in ASEAN+3. CGIF provides guarantees to local currency denominated bonds issued by corporations in the region which paves the way for corporations to issue local currency bonds with longer maturities. This will make the region’s financial system more resilient to volatile global capital flow and external shocks and help reduce the currency and maturity mismatches which caused the 1997-1998 Asian financial crisis. 

The aim of CGIF is to help creditworthy companies that otherwise would have difficulty tapping local bond markets, secure longer-term financing and reduce their dependency on short-term foreign currency borrowing to mitigate currency and maturity mismatches. Increased issuances of local currency bonds will promote financial stability in the region and aid the development of ASEAN’s bond markets. CGIF had received an initial capital contributions of USD700 million from ASEAN, the People’s Republic of China, Japan, the Republic of Korea and ADB. With a capitalization of USD 1.158 billion as of December 2025, CGIF continues to demonstrate strong financial capacity to support its guarantees across the ASEAN + 3.