The GEMs Consortium - a group of 26 MDBs and DFIs - have unveiled two reports which offer further insight into the level of credit risk in emerging markets and developing economies (EMDEs).The first publication covers the credit performance of lending to private and public counterparts. The average... More

Turkey's Yapi Merkezi Holdings signed a €2.7 billion ($2.95 billion) deal to build a railway line in Uganda, reviving a project that struggled to find financing after China withdrew its support. The 272km track will link Uganda’s capital, Kampala, to the border with neighbouring... More

Countries are likely to default more frequently on their foreign currency debt in the coming decade than they did in the past due to higher debt and an increase in borrowing costs, agency S&P Global Ratings warned in a new report.Sovereigns' credit ratings overall have also weakened globally... More

JBIC has signed an $8.64 million loan with TDB to fund the purchase of geothermal power generation equipment from Toyota Tsusho.The loan is cofinanced by Mizuho Bank, bringing the total amount to 14.4 million. The co-financed portion is covered by NEXI. The loan is intended to provide, through TDB,... More

The Development Guarantee Group (DGG) has appointed three new board directors. In addition to DGG co-founders Boo Hock Khoo, Lasitha Perera and Dale Petrie, board members Dianne Rudo, Founder and Principal of Rudo International Advisors; Jiwoo Choi, Chief of Strategic Initiatives at Acumen Fund and... More

AfDB has appointed Moono Mupotola as Deputy Director General for the Southern Africa Regional Development, Integration and Business Delivery Office, effective from October 16, 2024.Mupotola brings over 25 years of development experience across Africa to her new role, with a proven track record in... More

ADB and Arnur Credit have signed a senior unsecured loan of up to $5 million (in tenge equivalent) to expand access to finance for MSMEs in Kazakhstan, with a focus on women-led MSMEs and as well as green loans.Arnur Credit will use the finance package to lend to eligible MSMEs, with at least half... More

ADB and EBRD invested $12.5 million each in a green bond issued by Khan Bank under the first green thematic bond program on the Mongolian Stock Exchange. Proceeds from the three-year bonds will be used to provide green sub-loans, with a strong focus on supporting SMEs and microenterprises,... More

CEB and EIB Group have vowed to enhance collaboration to address growing social infrastructure needs across Europe.The institutions will leverage their respective strengths to address Europe's pressing social and financial inclusion challenges. The dialogue at the CEB headquarters in Paris... More

Major MDBs could increase lending by nearly $480 billion collectively before the decline in capital positions would lead to downgrades, Fitch Ratings says in a new report.Fitch, which does not expect MDBs to use their lending headroom in full, assessed how much lending would be consistent with... More

Early-stage vaccine development in Rwanda by Akagera Medicines Africa will be supported by €2 million financing from EIB. The new backing will accelerate research and development as well as manufacturing of new vaccines to treat infectious diseases including tuberculosis, HIV, Lassa fever, and... More

AfDB has approved grants of $34,796,402 to enhance resilience and adaptation to climate disaster risks for vulnerable communities in Malawi and Zimbabwe.Under the Africa Disaster Risk Financing (ADRiFi) initiative, the Mitigating Fragility through the Africa Disaster Risk Financing Programme in... More

JICA has signed a loan agreement with Fiji for the Disaster Recovery and Rehabilitation Phase 2.The 40-year JPY5 billion ($33.5 million) loan has an annual interest rate of 0.40%. The objective of the project is to promote the implementation of policy actions for pre-disaster investment and disaster... More

ADB has appointed Xiaoqin (Emma) Fan as its new Country Director for Pakistan.She has more than 30 years of professional experience, including 22 years in ADB. Fan joined ADB in June 2002 as an economist, and since then has held positions of increasing responsibility in various departments across... More

Bulgarian Development Bank has appointed Dimitar Mitev to the Advisory Council and Ivaylo Moskovski as a member of the Board of Directors and CEO.Mitev has 32 years of experience in the banking sector and has been with BDB since 2011, having led the departments of planning, analysis and regulations,... More

Madurai Corporation has unveiled a proposal for a waste-to-energy plant with an estimated cost of ₹314 crore (about $37.5 million). This initiative aims to address the city's growing waste management challenges while simultaneously generating renewable energy.This project falls under the CITIIS... More

Africa Finance Corporation was joint lead manager for the pricing of a $400 million 10.125% Note by Ecobank Transnational Incorporated. The five-year offering, which is due on October 15, 2029, was offered in RegS/144A format. The net proceeds from the issuance of the Notes will be used by ETI for... More

The EU and AFD have signed a Financing and Accelerating the Sustainable Transition of Cities (FAST-Cities).The FAST-Cities guarantee is an ambitious initiative aimed at supporting the sustainable transformation of cities in the Western Balkans, Turkiye and the EU’s Southern Neighbourhood... More