SACE has backed a €100 million (about $104 million) green loan between EIB and Iberdrola to fund a new photovoltaic plant in Italy. The deal represents EIB's first SACE-supported operation with Iberdrola.EIB's financing is 70% backed by SACE's Archimede Guarantee, which provides... More

AfDB has approved funding worth €28 million ($29 million) to build solar power plants in Gassi and Lamadji, Chad. This is part of the bank's Desert to Power program to increase energy access across Africa.The funding includes €20 million in direct support, combining a loan and a grant... More

The Montenegrin government has adopted a decision on the establishment of a development bank.The Development Bank of Montenegro has a founding capital of €107.5 million ($111.7 million). Its capital is divided into 107,508,716 shares of €1 in nominal value each.The development bank will be... More

MIGA has issued a $10.9 million guarantee to Anzana Electric Group of Mauritius for its investments in Weza Power. The guarantee covers the risk of breach of contract for up to three years. Weza Power is a newly established private utility formed under a PPP framework to expand the electricity... More

EIB and EDP SA signed two loans totalling €700 million (about $727 million) to finance the rollout of EDP Renewables’ energy projects in Portugal, Spain and Italy; and the expansion and modernisation of EDP's electricity distribution networks in Spain and Portugal. EDP Renewables is a... More

EBRD has signed the first portfolio risk-sharing facility in Kosovo with Raiffeisen Bank to unlock €25 million of new finance for MSMEs. Around 20% of the facility will be used for Green Economy Transition eligible technologies.The bank is providing a guarantee of up to €12.5 million,... More

EIB has announced €16.5 million in EU-backed funding to renew urban public transport in Kyiv, Mykolaiv, Ivano-Frankivsk and Odesa.The funding will enable the purchase of new buses, dual trolleybuses and trams, along with essential spare parts and maintenance equipment, ensuring reliable and... More

The Pandemic Fund’s governing board approved a grant envelope of $500 million for its third round of funding to help low- and middle-income countries scale up efforts to build health systems capacity in disease surveillance, diagnostics and laboratory systems, and health workforce.Interested... More

IFC is participating in Vesta’s $545 million Global Syndicated Sustainable Credit Facility to support the development of green industrial parks in Mexico.The credit facility entails a $100 million sustainability-linked loan provided by IFC together with $445 million syndicated term loan and a... More

The World Bank has approved three operations totaling $1.16 billion to help Bangladesh improve health services, boost water and sanitation services and achieve greener and climate-resilient development.The $500 million Second Bangladesh Green and Climate Resilient Development Credit will support... More

IDB has approved a loan to BNDES, creating the BID-BNDES Access to Credit Program for MSMEs and small entrepreneurs in the Brazilian Amazon. In addition to the $750 million in financing approved by IDB, BNDES will contribute $150 million.This initiative aims to boost sustainable, productive... More

Societe Generale Madagasikara issued Madagascar’s first sustainability bond to support renewable energy projects and small business growth in the country. The bond issuance raised $36.4 million in total.IFC anchored SGM’s inaugural three-year sustainability bond with local currency MGA... More

The World Bank has approved $250 million for the Morocco Transforming Agri-food Systems Program. The funding is aimed at increasing the Moroccan agri-food system's resilience to climate change and strengthening food safety and quality.The project is designed to improve climate resilience and... More

IDB Invest has provided a financing solution for a total amount of $42 million to Grupo Hi-Tec to strengthen the manufacturing sector in Mexico. The financing is comprised of two operations: a $30 million loan to Hifin Solution, the financial arm of Grupo Hi-Tec, which includes $15 million from... More

The World Bank has approved the $800 million Amaravati Integrated Urban Development Program in India. The project is aimed at establishing the city as a well-managed, climate-resilient growth centre in Andhra Pradesh that generates jobs and improves the lives of its current and future... More

EBRD is lending €20 million in local currency to ProCredit Bank Ukraine (PCBU) to bolster the bank’s medium-term lending to Ukrainian private businesses. The financing will be used to ensure critical support for the country’s economy in essential sectors such as agribusiness, food... More

Ecuador has completed its second debt-for-nature swap, this time unlocking $460 million to protect and manage the forests and wetlands of its Amazon rainforest.By buying-back over $1.5 billion of its discounted existing bonds with cheaper new money, Ecuador will realise almost half a billion dollars... More

EBRD is lending €300 million ($312 million) to Ukrainian Railways to finance the acquisition of electric locomotives. The loan will be co-financed by a parallel investment grant of up to $190 million from the US by the World Bank.This follows €200 million in 2023 to upgrade rail links... More