IDB has approved a $150 million loan and a $5 million grant to support Ecuador in preventing crimes associated with organised crime groups.The loan has a repayment term of 25 years, a five and a half years grace-period, and an interest rate based on SOFR. The program is complemented by a $5 million... More

Proparco and AfricInvest have approved financing for Lapaire Glasses, an optical retail chain in West and East Africa. A total of $2.5 million in financing will be made available from AfricInvest and €450,000 from Proparco, through its Bridge by Digital Africa facility, to support the... More

EIB is lending €34 million (about $37 million) to German teledriving technology startup Vay to help it develop its operations in Europe. The loan will enable the Berlin-based company to accelerate the development of technology that enables a vehicle to be safely driven on city streets by a... More

IDB has appointment Gabriel Yorio Gonzalez, former Vice Minister at Mexico’s Ministry of Finance, as Vice President for Finance and Administration.Gonzalez will be responsible for mobilizing and managing the bank’s financial resources and providing support services, and ensuring the... More

AfDB and JICA have signed a JPY51.67 billion ($421 million) concessional donor loan agreement towards the African Development Fund.Japan's loan, together with grant contributions, will support African countries to address various challenges relating to climate change, lack of infrastructure,... More

MSMEs in Armenia are to benefit from new funding from the EBRD and EU, made available through ACBA Leasing.The EBRD loan of $5 million (€4.6 million) is complemented by the EU with grant incentives of up to 12.5% of each individual loan to MSMEs and free local and international consultancy... More

EBRD, in partnership with the EU, is extending a new €10 million ($10.9 million) financial package to ProCredit Bank Moldova under the EU4Business-EBRD Credit Line.  Through loans and grants, the EU4Business-EBRD Credit Line supports a wide range of projects that increase the... More

Questions about the design of World Bank-brokered catastrophe (cat) bonds have been raised. Hurricane Beryl, a Category 4 storm and one of the strongest hurricanes ever to hit Jamaica, failed to trigger its ‘parametric’ payout criteria for the country’s catastrophe bond. This is... More

The World Bank Group has unveiled a package of financial measures that will boost lending capacity and make IBRD loans more affordable. The group claims that, combined with previous reforms, the package could enable more than $150 billion in additional financing over ten years.  The minimum... More

IFC and Raiffeisen Bank are financing a 225MW direct current solar PV project developed by Rezolv Energy in Bulgaria.The project, located near Silistra in northeast Bulgaria, includes the development, construction, and operation of the solar PV plant, along with two overhead transmission lines... More

OPEC Fund has approved a $25 million loan to support the construction of the Rogun Hydropower Plant in Tajikistan. This loan marks the first tranche of a $100 million financing agreement aimed at bolstering the country’s renewable energy capacity and improving energy security.The Rogun... More

The Nordic Development Fund signed a €10 million contribution deal to replenish IDB’s Nationally Determined Contributions Pipeline Accelerator Trust Fund (ACL). The financing will allow the ACL to continue supporting countries in Latin America and the Caribbean in achieving the... More

Electric aircraft maker Eve has secured an $88 million loan from BNDES to fund the development of its first production facility.Eve, controlled by Brazilian planemaker Embraer, says the facility will be located in Taubate, Brazil. The plant is expected to eventually reach annual capacity of 480... More

The World Bank has priced a ten-year sterling-denominated benchmark bond that matures in October 2034. The sustainable development bond raised £700 million ($910 million) from global investors. The bond offers an annual coupon of 4.25% and an annual yield of 4.321%. It was priced at +11.3... More

AIIB and the Alliance to End Plastic Waste (AEPW) have launched a cofinancing initiative focused on integrated solid waste management services and solutions in more than ten cities and districts in Indonesia.The collaboration will enable AEPW to contribute concessional resources into the Solid Waste... More

ADB has approved a $200 million equivalent loan to help build and implement green, low-carbon, climate-resilient, and cross-sector urban development measures in Chongqing Gaoxin District, China.ADB’s climate finance for the program is $124 million, with an estimated $72.75 million in... More

The Mumbai Metropolitan Region Development Authority (MMRDA) will raise loans of Rs150.71 billion ($1.79 billion) for its Borivali-Thane tunnel project. The Maharashtra government has classified the project as a "Vital Urban Transport Project".The 11.85km project, consisting of 10.25km of... More

Africa50 has disbursed the first $15.5 million tranche of a $100 million Asset Recycling programme with The Gambia's government for the Senegambia Bridge project.The project will be managed by the newly established Transgambia Bridge Company, created through a Shareholders Agreement between both... More