SACE has backed a €150 million EIB loan to Acqua Novara.VCO to improve the efficiency and resilience of water infrastructure in the Italian provinces of Novara and Verbano-Cusio-Ossola.The financing is backed by SACE’s Archimede guarantee - which covers two-thirds of the funding - and the... More

Climate Fund Managers and IPP Societe Des Energies Nouvelles (SODEN) have signed a $3 million development funding agreement to co-develop the Divo Biomass Project, which claims to be the world’s first grid-connected cocoa waste-to-energy power plant in Cote d’Ivoire.Located in Divo, a... More

EIB and Dutch clinical-stage biotechnology company Leyden Laboratories have signed a €20 million financing deal to advance development of the company’s broadly-protective antibodies to defend against seasonal and pandemic viral infections. Leyden Labs’ lead program is a... More

The International Development Association has approved a $250 million credit as the first phase of a $1 billion Inga 3 Development Programme, the Democratic Republic of Congo’s largest power project to date.This long-term programme will help the DRC lay the foundations for the sustainable... More

EBRD is supporting the development of small businesses owned or led by women and the deployment of green technologies in the Kyrgyz Republic by providing a financial package of $8 million to the country’s major microlender FINCA.The package will consist of a $4 million loan extended under the... More

Ignitis Group has secured a €60 million ($68 million) loan from EBRD to support the expansion of EV charging infrastructure in the Baltic region.The funding to subsidiary UAB Ignitis has a tenor of ten years and will finance the installation of up to 600 EV fast charging stations across... More

EBRD has appointed Milica Delevic as its secretary general. She succeeds Kazuhiko Koguchi, who will be retiring from the bank later this year. Delevic will assume her new position on August 1.She will be responsible for promoting the bank’s mission among its members and international... More

The World Bank has approved $819 million in financing to increase food production, enhance water efficiency for more than 550,000 people in Turkey.Turkey is water-stressed with water scarcity threatening important fertile areas. Moreover, current projections indicate that this situation will become... More

ADB approved an $800 million programme to strengthen fiscal sustainability and improve public financial management in Pakistan.The Improved Resource Mobilisation and Utilisation Reform Program, Subprogram 2, includes a policy-based loan of $300 million, and ADB’s first ever policy-based... More

EBRD is partnering with Releven, a Lithuanian real estate developer, to deliver sustainable real estate projects in Vilnius.The bank will invest up to €50 million in a new joint venture with the company to finance high-quality, energy-efficient office, residential and mixed-use projects in the... More

IDB Invest has signed a financing agreement with Magazine Luiza (Magalu) for $50 million to support the company’s digital transformation and help strengthen Brazil’s digital ecosystem. The funds will back Magalu’s plans to upgrade logistics capabilities, digital services for... More

Bernard O’Donnell has been appointed as an external member of the Sanctions Panel of the Asian Infrastructure Investment Bank.With over four decades of experience in anti-corruption and integrity-related investigations, O’Donnell most recently served as head of investigations and... More

The African Development Bank plans to establish a new carbon markets support facility aimed at unlocking climate finance across the continent.The initiative, called the Africa Carbon Support Facility, is currently in the design phase and will feature two key components. The first will help... More

Sri Lanka’s National Water Supply and Drainage Board has signed an agreement for the provision of technical support by the Asian Development Bank for a water project .The country is planning to initiate its first water sector public private partnership which will seek to reduce water losses in... More

EIB has launched an evaluation of a railway expansion project connecting Zouerat and Nouadhibou, as Mauritania aims to boost iron ore exports and improve logistics.The state-owned company SNIM operates a 700km railway line connecting the mining areas in Zouérat to the port of Nouadhibou. This... More

The World Bank has approved two projects in Nepal totaling $257 million aimed at enhancing electricity distribution services and improving irrigation services to boost agricultural productivity.The Electricity Supply Reliability Improvement Project ($120 million) will strengthen the... More

Saudi Arabia is accelerating the expansion of its non-oil exports into African markets, with the Saudi Export-Import Bank securing four new strategic agreements to strengthen trade and investment ties across the continent.  The ECA penned MoUs with Africa50, the Ghana Export-Import Bank, Blend... More

The Asian Development Bank has unveiled a five-year initiative aimed at transforming urban infrastructure across India. The plan involves directing up to $10 billion, including third-party capital, into urban transformation including metro extensions, new regional rapid transit system (RRTS)... More