The World Bank has approved a package of financing for the Turkey - Transforming Power Transmission System Project (TPTS).The funding includes a €625 million ($707.9 million) loan from IBRD, a €32.798 million ($38 million) loan from the Clean Technology Fund, and a $2 million CTF grant.... More

The OPEC Fund is committing €100 million to support Senegal’s 2024–2025 agricultural campaign, reinforcing the country’s efforts to boost food security and to improve the resilience of rural communities. The initiative is expected to benefit around 800,000 smallholder farming... More

EIB Global has committed €21.5 million in equity financing to the IHS Kenya Green Housing Fund for the construction and acquisition of energy-efficient and affordable housing in Kenya.IHS Kenya is working on three housing projects in the Tilisi, Garden City and Mashiara Park areas of Nairobi... More

In a move to advance green affordable housing and expand access to sustainable financing for property developers in India, IFC is committing up to $150 million as an anchor equity investment in H-DREAM Fund (HDFC Capital Development of Real Estate Affordable and Mid-Income Fund).HDFC Capital will... More

Carolina Rendon has been appointed as the World Bank’s resident representative for the Dominican Republic. She succeeds Alexandria Valerio, who held the position for the past five years.Based in Santo Domingo, Rendon will lead the dialogue with representatives from the government, civil... More

The World Bank has approved the Tax Administration Modernisation Project, providing an additional €27.25 million ($30 million) to Serbia for reforms designed to improve the effectiveness of tax collection and lower the compliance burden for taxpayers.As part of the project, Serbia’s Tax... More

ADB has appointed Takeo Koike as head of its Office of Markets Development and Public-Private Partnership (OMDP). As head of OMDP, he leads planning, operations, and administration of ADB’s market development and transaction advisory operations to help ADB's developing member... More

Elee Muslin has recently announced his appointment as principal officer, blended finance at IDB Invest. Muslin has spent nine years at IDB Invest, previously holding positions as lead investment officer in blended finance, as well as fund manager for the Canadian Climate Fund for the Private... More

DEG has provided Tanzania's CRDB Bank with a long-term $50 million loan to boost finance access principally for small businesses in rural areas in the country. Businesses targeted include those owned by women and young people. The financing package comprises two tranches of $25 million each. $10... More

IDB has approved a $46.7 million loan to Peru to enhance the services of the country’s National Strategic Planning Center. Structured as a specific investment, the loan has a 20-year repayment term with an eight-year grace period. Together with a local partner contribution of $10.8 million,... More

BII has announced a $50 million loan to Vietnam Prosperity Joint-Stock Commercial Bank (VPBank) to help strengthen the bank's climate finance capabilities. The transaction comes as part of a $350 million loan facility arranged by SMBC, with participation from Export Finance Australia (EFA),... More

The World Bank Group (WBG) has joined AfDB and Mastercard as co-chair of the Mobilizing Access to the Digital Economy (MADE) Alliance: Africa, an initiative to provide digital access to critical services for individuals and businesses across Africa by 2034.The Alliance aims to accelerate... More

EBRD and Enterprise Expansion Fund II (ENEF II) announced a €6 million loan to a Kosovo-based recycling company Rec Kos, aiming to enhance operational efficiency and environmental sustainability in Kosovo’s recycling sector.Reflecting on the project’s green credentials, the... More

More details have emerged on a $215 million DFI-backed green loan to Vietnam’s Minh City Development Joint Stock Commercial Bank (HDBank). Canada’s FinDev and JICA provided funding while SMBC was the MLA, facility agent, coordinator, bookrunner. The facility comprises three... More

The Africa Fertilizer Financing Mechanism fund has announced a $2 million partial trade credit guarantee to boost fertiliser access for Tanzanian smallholder farmers. The AfDB-administered fund aims to benefit fertiliser suppliers and distributors in the country, facilitating the delivery of 60,000... More

The ADB has approved a $126.42 million loan and $1 million in technical assistance to boost sustainable and climate-resilient tourism in Uttarakhand, India. The Sustainable, Inclusive, and Climate-Resilient Tourism Development at Tehri Lake Area Project intends to implement institutional... More

FMO has announced a €130 million ($150 million) syndicated A/B term loan facility to Turkiye's QNB Leasing, a financial leasing company. 36% of the proceeds are targeted towards financing renewable projects, and the rest is earmarked for supporting micro and SME clients focussed on women,... More

IDB Invest and Stone Instituicao de Pagamento S.A. (Stone) announced a R$295 million ($50 million) financing package to expand credit offerings for Brazilian MSMEs, focusing on the Brazilian Legal Amazonia region.  As part of IDB's Amazonia Forever program, this project aims to support... More