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30 April 2024

AfDB: $4trn is new annual target to save SDG

AfDB President Dr. Akinwumi Adesina has emphasized the critical need for significantly increased financing to meet the Sustainable Development Goals.Speaking at the...

30 April 2024
in
Finance and other

World Bank supports Armenia’s green, inclusive, sustainable development

The World Bank approved a Development Policy Operation for $116 million equivalent for Armenia to enable reforms aimed at promoting green, resilient and inclusive...

29 April 2024
in
Traditional energy

Bioo gets BNDES backing for biomethane project

Bioo Plataforma de Biossolucoes Holding (Bioo) – a bio-solutions platform established by Sebigas Cotica and eB Capital – has raised a BRL157 million ($31.2...

29 April 2024
in
Social infrastructure

Uzbekistan's M-39 reconstruction receives IsDB, OFID funds

Uzbekistan has secured IsDB and OFID financing for the reconstruction of a crucial segment of the M-39 motorway.The IsDB will provide a loan of $106.7 million, and the...

29 April 2024
in
Social infrastructure

EBRD helps fund new 250-bed hospital in Mongolia

EBRD is investing in Mongolia’s public healthcare sector by extending a sovereign $43.2 million loan and a €5 million capital grant to the country's...

29 April 2024
in
Agriculture/food chain, Social infrastructure, Traditional energy

IsDB details $418m in new funding

IsDB has approved around $418 million to fund new development projects in member countries.Tajikistan received $150 million for the construction of the Rogun Hydropower...

29 April 2024
in
Finance and other

Seychelles signs budget support loan with OFID

Seychelles has secured a $20 million OFID loan to provide budget support for the government.The agreement was signed on the sidelines of the boards of governors of the...

29 April 2024
in
Social infrastructure

IDB to fund research on infrastructure and regional integration

IDB and the Interdisciplinary Institute of Political Economy of Argentina will select and fund up to six research proposals that address the challenges of the link...

29 April 2024

EBRD, EU and GCF promote green investments in Jordan

EBRD, EU and the Green Climate Fund are promoting green investment in Jordan through the EBRD’s Green Economy Financing Facility with a financing package to...

29 April 2024
in
Finance and other

IFC invests in Salmon to drive financial inclusion in the Philippines

IFC is investing $7 million in Salmon Group to promote financial inclusion in the Philippines. Joining the $25 million Series A extension round as a lead investor,...

29 April 2024

EBRD invests €33.9m in Bielenda

EBRD has made a €33.9 million ($36.2 million) investment in Bielenda, acquiring an indirect stake through investment in its holding company, Innova Central Holding...

29 April 2024
in
Finance and other

ITFC signs multiple agreements with member countries and partners

ITFC unveiled a series of signings at its 49th IsDB Group Annual Meeting.A $40 million Murabaha agreement was signed between ITFC and TDB to bolster economic growth and...

29 April 2024
in
Waste and water

NADBank publishes Sustainable Financing Framework

NADBank has unveiled its Sustainable Financing Framework, which targets investments with significant environmental and social impacts and enhances transparency in the use...

29 April 2024
in
Finance and other, Social infrastructure

Kyrgyzstan development bank launches green finance project

The State Development Bank of Kyrgyzstan has launched a new credit initiative for targeted financing of projects in accordance with green criteria through partner banks...

29 April 2024

IFC partners with KB Kookmin Card

IFC is partnering with Korea-based credit card-issuing company KB Kookmin Card (KBC) to increase access to finance for small businesses in Indonesia and boost digital...

26 April 2024
in
Agriculture/food chain

World Bank issues immediate food crisis support in Malawi

The World Bank is providing immediate support for millions of Malawians severely affected by the ongoing food security crisis. A quick-release of $57.6 million in...

26 April 2024
in
Renewable energy

AFC invests $14.1m in Xlinks’ Morocco-UK power project

Xlinks First has announced a $14.1 million investment from AFC to further the development of Xlinks’ Morocco–UK Power Project, which will provide affordable,...

26 April 2024

IBRD prices Jamaica catastrophe bond

IBRD priced a catastrophe bond that finances $150 million of insurance coverage for the Government of Jamaica against named storm events. This is the renewal of the World...

26 April 2024
in
Finance and other

ADB names new Kazakhstan country director

ADB has appointed Utsav Kumar as its new Country Director for Kazakhstan.Kumar has 18 years of international experience, including more than 11 years at ADB. Prior to his...

26 April 2024
in
Social infrastructure

Baltics’ first gene therapy manufacturing facility gets funding

NIB, Citadele bank and the Lithuanian biopharmaceutical company Celltechna have signed a ten-year financing agreement of €37 million (almost $40 million) for a gene...