European specialist growth investment firm Verdane has announced final close of the Verdane Idun II fund at its €700 million hard cap. Idun funds back companies that are helping to bring about a more sustainable future as they scale. Idun II, which is classified as an “Article... More

Argentinian wind and solar power producer Genneia has secured a $100 million syndicated facility from Dutch development bank FMO, FinDev Canada, and France's Proparco.Acting as lead arranger and facility agent, FMO contributed $30 million as lender. FinDev Canada and Proparco participated as... More

IDB Invest has provided a loan of up to $35 million to Danper, a Peruvian agro-industrial company, to increase agricultural production and drive export growth. The project will support Danper's efforts to strengthen its supply chain by increasing purchases from local suppliers, including... More

IFC has partnered with Bajaj Finance Limited (BFL) to invest $400 million out of a $1 billion fundraising exercise to help improve and expand access to climate finance for electric vehicles and energy efficient consumer goods, as well as support women-owned microenterprises and women micro-borrowers... More

CEB has approved a €31 million ($33.3 million) loan, backed by the InvestEU guarantee programme, to Sostre Cívic, Catalonia’s largest housing cooperative. The loan will finance the construction of more than 350 cooperative housing units on publicly owned land, increasing... More

EBRD is supporting Palestinian MSMEs by providing a $8 million loan to Quds Bank, one of the largest local banks in the West Bank and Gaza.The Palestinian economy has been severely impacted by the war in Gaza, suffering an estimated 35% contraction as of June 2024 and an unprecedented unemployment... More

The Swiss government and the World Bank have signed an agreement to promote green and resilient growth in Vietnam's major cities. The $5 million grant initiative, financed by the Swiss State Secretariat for Economic Affairs, also aims to strengthen the ongoing partnership between... More

Morocco’s fertilizer giant OCP is working with Bpifrance and Agence Francaise de Developpement to help decarbonise the country's industry.The partnership is part of the three groups’ commitment to support strategic projects developed by OCP in collaboration with French companies... More

ADB has approved a $311 million loan to improve and modernize electricity transmission and distribution infrastructure in Nepal.The project will finance a total of 290km of power transmission lines from Dailekh to Jumla, New Butwal to Lamahi, Nijgadh to Ramauli, and Teenpiple and Okharpauwa. It will... More

Wealthy nations appeared to hit a limit with how much they are willing to pay to conserve nature around the world, instead shifting their focus at the two-week UN biodiversity summit toward discussions of private money filling the funding gap.At the COP16 negotiations in Cali, Colombia, countries... More

BII and Standard Chartered have signed a $350 million risk participation agreement to bolster the trade finance needs of SMEs and corporates across Africa and South Asia.Since the initial agreement in 2013, Standard Chartered and BII have enabled over $10 billion in trade volumes in over ten... More

Paraguay will promote the digital transformation of its tax and customs administration with a $30 million loan from IDB.The program will support the National Tax Revenue Directorate (DNIT, for its Spanish acronym) to enhance the efficiency of domestic tax and customs revenue collection and improve... More

EBRD is extending an unfunded portfolio risk-sharing facility to Moldova’s OTP Bank to unlock €30 million ($32.6 million) of new finance for the country's business sector, with a focus on agriculture and trade.  This is the first such facility signed in Moldova, building on EBRD... More

A new $20.05 million World Bank grant to support the Digitally Connected and Resilient Samoa Project is expected to benefit an estimated 215,000 Samoans by increasing access to essential government services, education, healthcare, and economic opportunities.The project aims to accelerate Samoa's... More

ADB has approved an €89.47 million ($100 million) policy-based loan as Subprogram 2 of Armenia’s Fiscal Sustainability and Financial Markets Development Program.  The reforms promoted under this programmatic approach, supported by ADB in partnership with AFD, strengthen... More

IFC has agreed a $70 million green loan to Cimsa Cimento (Cimsa), a leading cement manufacturer in Turkiye, to support its decarbonization project.IFC’s investment will help fund Cimsa’s decarbonization plans, which include energy efficiency investments, modernization, and the... More

EIB and Italy's CDP are strengthening their cooperation to promote public sector investment in key sectors of the Italian economy. Up to €1 billion in new funds will support sustainable regional growth and public sector investment in various sectors with a positive impact on... More

Kazakhstan has secured a €365 million (about $396 million) syndicated international loan, organized by EBRD, to build a 630-bed hospital in Kokshetau.The syndicate includes the AIIB, DEG, the Islamic Corporation for the Development of the Private Sector, Proparco, and the Development Bank of... More