ADB has signed two new sovereign exposure exchange agreements (EEAs) in a move which will strengthen its ability to lend to borrowing members.ADB signed a $1 billion agreement with AfDB and a $1.5 billion agreement with IDB. These two new exchanges bring to five the number of EEAs signed by ADB with... More

Peru's indigenous organization AIDESEP has become the first such group to get a project approved by IDB in a move that will improve its bioenterprise management capabilities and the quality of production of 25 indigenous enterprises in nine Amazon regions.It will also invest in the execution of... More

ADB has issued its first biodiversity and nature theme bond to finance a pool of eligible projects across Asia and the Pacific. The A$150 million ($100 million), ten-year issue was purchased by the Dai-ichi Life Insurance Company of Japan and arranged by Credit Agricole CIB. The bond was issued... More

IDB and IDB Lab have launched the Jaguar Impact Initiative. The aim is to enhance effectiveness, scalability and transparency to climate and biodiversity projects using innovative outcomes-based financing (OBF) mechanisms in the Jaguar Corridor, which spans 18 Latin America countries. Under the... More

ADB has appointed Sonomi Tanaka as its new Country Director for Bhutan.Tanaka will lead ADB’s operations in Bhutan and policy dialogue with the government, development partners, and other stakeholders. She will implement the newly approved country partnership strategy 2024–2028.Tanaka... More

Nepal's government has signed a NPR20 billion ($150 million) contingent financing deal that can be used in the case of natural or climate-induced hazard or health emergency in the country.The Nepal Disaster Resilience Development Policy Credit with Catastrophe Deferred Drawdown Option (Cat DDO)... More

The World Bank approved a $21 million (WST57.6 million) grant for the Samoa Finance Sector Resilience and Development Project.The funding will be used to strengthen Samoa’s financial supervisory, and national payment and identification systems. The project will make it easier and less... More

DFC, JBIC, and Kexim have launched a new framework that furthers their collaboration with the Indian private sector to support digital infrastructure in India.The Digital Infrastructure Growth Initiative for India Framework (DiGi Framework) will support projects in the information and communications... More

World Bank shareholders Sweden and Iceland have announced commitments to invest in hybrid capital.Sweden and Iceland join 13 other countries that together are investing more than $11.7 billion in hybrid capital and a Portfolio Guarantee Platform, financial instruments that could expand the... More

EIB has signed a €650 million (over $702 million) green credit facility with Elia Transmission Belgium for the first phase of the Princess Elisabeth Island project.The Princess Elisabeth Island will be constructed between 2024 and 2027 around 45km off the Belgian coast within the Princess... More

ADB approved a $434.25 million loan to increase renewable energy capacity and improve energy security in the state of Assam, India.The Assam Solar Project will construct a grid-connected solar PV facility in Karbi Anglong district with a capacity of 500MW. The project will support the development of... More

IDB and ADB signed a new sovereign exposure exchange agreement valued at $1.5 billion. This marks the third agreement of its kind between the two lenders. These instruments are key for strengthening the capital adequacy of multilateral development banks, enhancing financial efficiency, and... More

Avaana Capital has closed its Avaana Climate and Sustainability Fund with a total fund size of $135 million. The amount is above the initial target of $100 million to $120 million. The first round was closed at $70 million. The fund aims to invest into 20-25 startups in the ClimateTech space.This... More

AIIB and Saudi Fund for Development signed an MoU to enhance cooperation to foster sustainable, resilient, and inclusive development in AIIB members in Asia and beyond.This partnership aims to mobilize resources through joint project initiatives, knowledge sharing, capacity-building programs, and... More

EIB will provide an additional €264 million ($285 million) in financing for the Slussen waterway-redevelopment project in Stockholm.The new financing builds on a previous EIB loan of €382 million and will be used to complete key infrastructure elements of the project including upgrades to... More

Japan has signed a $1 billion portfolio guarantee agreement that will scale up financing from the International Bank for Reconstruction and Development (IBRD) for projects that address global challenges.The guarantee falls under a new Portfolio Guarantee Platform with leveraging ability that allows... More

Absa has secured a $150 million facility from British International Investment to help close the trade finance gap in Africa.Africa’s trade finance gap is estimated to be between $100 billion and $120 billion. This transaction enables Absa to extend liquidity to clients across various... More

Green Climate Fund has approved a range of innovative climate projects allocating more than $1 billion of investment.As part of GCF’s push to streamline access and facilitate wider partnerships, the board, for the first time, approved a proposal under the pilot initiative Project-Specific... More