The US is stalling the distribution of $2.6 billion in climate finance to South Africa, stoking concerns the money might be blocked outright, sources said.At a meeting earlier this month, US representatives prevented the World Bank-linked Climate Investment Funds from approving a $500 million... More

EIB has signed a PLN1.7 billion (€405 million) deal electricity supplier Energa to improve and expand Poland’s electricity network. This is the third and final tranche of a PLN3.5 billion loan to Orlen for upgrades to power distribution grid in northern and central Poland.With the latest... More

AfDB has announced plans to launch a $500 million facility designed to unlock $10 billion in financing for smallholder farmers and small agribusiness enterprises across Africa.The facility will deploy multiple financial instruments, including trade credit guarantees, first-loss coverage, blended... More

The €400 million Fondo de Impacto Social (FIS) - managed by COFIDES - has invested €15 million into the Global Social Impact Fund II, which supports SME’s contributing to the economic and social inclusion of vulnerable communities in Spain.Global Social Impact Fund II has raised... More

EIB Global has made available over €1.2 million (over KES166 million) in technical assistance support to cities in East Africa for the preparation of climate-resilient urban development projects.The cities set to benefit from this technical assistance are Kericho, Nyamira, Kisumu, Embu, Eldoret... More

IDB Invest provided a seven-year senior loan of up to $15 million to Finabank to help expand its lending portfolio to SMEs in Suriname, enhancing financial inclusion and economic resilience in the country. In Latin America and the Caribbean, MSMEs are the main generators of business and... More

The World Bank has approved a $600 million financing package for the third phase of the "Strengthening Human Capital for a Resilient Morocco" program. The last in a series of three, this operation aims to enhance Morocco's resilience to health risks, improve human capital during... More

The World Bank has approved financing to enhance digital infrastructure, expand broadband access, increase energy efficiency, and modernise public services in the state of Sergipe, Brazil. This $53.6 million financing package is part of the "Sergipe Efficient Digital Acceleration... More

The World Bank has approved a new financing package to bolster Espírito Santo’s road infrastructure resilience, safety, and sustainability. The funding of $162.4 million, part of the Brazil Proactive, Safe, and Resilient Road Asset Management Program – Phase 2, aims to... More

EIB has granted Energie Oberosterreich a financing package of up to €400 million to expand a hydropower plant in Upper Austria. Energie plans to invest a total of over €600 million in a new pumped storage power plant in Ebensee and a planned run-of-river hydropower plant in... More

ADB has priced a $2 billion ten-year global benchmark bond, proceeds of which will be part of ADB’s ordinary capital resources.The bond, with a coupon rate of 4.375% per annum payable semi-annually and a maturity date of 22 March 2035, was priced at 99.210% to yield 17.4 basis points over the... More

A project to develop an economic zone within the Nador West Med industrial port complex in Morocco’s Oriental region has received significant funding.EBRD is  providing a senior loan of €110 million - the bank’s third investment in the Nador West Med complex, following the... More

The Multilateral Investment Guarantee Agency has issued a guarantee of $179.6 million to cover investments by KOKO Networks Limited of Mauritius into KOKO Networks Limited of Kenya. The guarantee covers the risks of expropriation, war and civil disturbance, transfer restriction, and breach of... More

IFC and IDB Invest have announced a $13.5 million investment in projects by Solengy Haiti to strengthen the Caribbean country's recovery efforts and energy security.Solengy is a local solar energy company that provides solutions to households, schools, hospitals, and commercial and industrial... More

Ethiopian Airlines has signed an agreement with the African Development Bank to develop the continent's largest airport — the Bishoftu International Airport in Ethiopia.The project, worth $7.8 billion, aims to dramatically scale up Ethiopia’s aviation capacity, to handle 60 million... More

AfDB and Germany's KfW have signed an agreement for a contribution of €18.4 million to the NEPAD – Infrastructure Project Preparation Facility (NEPAD-IPPF) Special Fund.The funding, which brings KfW’s contribution to NEPAD-IPPF to $58.14 million, will support the... More

EIB Global will provide a €25 million loan to upgrade the air navigation control system in Serbia and Montenegro. EBRD will provide co-financing.State-of-the-art equipment and software will enable SMATSA, the air navigation service provider in both countries, to implement the highest... More

The World Bank and AFD are providing additional financing worth €200 million ($207.5 million) each to support the construction of rural homes in areas that were devastated by the February 2023 earthquakes in Türkiye.This investment will enable the construction of 2,800 resilient housing... More