CEB and NRW.BANK have signed a €125 million loan agreement as part of their joint financing efforts to improve accommodation for refugees in North Rhine-Westphalia.The new CEB loan complements an initial €200 million loan signed exactly two years ago on 4 July 2023, and brings the total... More

The Green Climate Fund has approved a record volume of climate finance for developing countries, green-lighting 17 new projects for climate action around the world. The $1.225 billion total is the largest amount approved at a single board meeting, during a year in which the fund is scaling up... More

A number of wealthy creditor nations and multilateral lenders have launched an initiative that aims to give sovereign borrowers breathing space on debt payments in the event of a climate or humanitarian crisis.The Debt Suspension Clause Alliance was launched during a UN conference in Seville - a... More

UBS has announced that the SDG Outcomes Fund, developed by its UBS Optimus Foundation platform and impact specialist Bridges Outcomes Partnerships, has raised $100 million in commitments at its final close, reaching the initial fundraising target for the blended finance fund.The final close of the... More

IFC and IndiGrid are partnering to develop a 180MW/360MWh standalone battery energy storage system project in Gujarat, India. The project is designed to play a key role in supporting the state’s clean energy goals by enhancing grid stability and ensuring reliable power is available during peak... More

AfDB has approved a $50 million trade finance transaction guarantee facility to support to trade finance activities of Awash Bank in Ethiopia.This facility will enable AfDB to provide a guarantee of up to 100% to confirming banks for the non-payment risk arising from the confirmation of letters of... More

EIB is lending €20 million to Swedish sustainable-packaging company PulPac to tackle global plastic pollution. The financing will support development and commercialisation of a fibre-based technology developed by PulPac as an alternative to single-use plastics.Gothenburg-based PulPac is scaling... More

ECOWAS Bank for Investment and Development (EBID) has approved a total amount of €174 million and $125 million to finance projects aimed at stimulating economic growth and fostering industrialisation for the sub-region.The approved sums will go towards the following projects:A €50 million... More

IFC is investing up to $75 million in Colombia's Banco Finandina through a sustainability-linked loan. The operation aims to expand access to financing for hybrid and electric vehicles, as well as for MSMEs, with a special focus on women-led businesses. More

NIB has signed a ten-year NOK800 million (over $79 million) loan with OBOS Eiendom for the Construction City cluster in Oslo. This loan replaces the five-year NOK600 million construction phase loan signed with Construction City Eiendom AS, a subsidiary of OBOS Eiendom, on 18 January... More

IDB Invest is providing a $70 million loan to grow the portfolio of Brazil’s Banco Sicoob in sustainable agriculture and energy. The financing package includes funding from the Canadian Net Zero and Climate Resilience Accelerator.The project will support growth in the Amazon region, in... More

The government of Jamaica is inviting expressions of interest (EOIs) to establish a national wholesale broadband network through a public-private partnership (PPP).The 20-year contract will involve the construction of a nationwide fibre backbone connecting up to 2,700 government sites, as well as... More

BNDES will be one of the supporters of the Rio AI City project, an initiative led by Elea Data Centres to develop a data centre complex with 1.5GW of capacity and potential to reach 3.2GW.BNDES' involvement is part of an MOU signed by the city of Rio and the federal government, which also... More

Several Egyptian power and renewables project financings are due to close in the next few months, according to sources with knowledge of the matter.A €170 million sovereign loan approved by the EBRD to finance upgrades to Egypt's electricity transmission grid is due to be signed in the next... More

Eurasian Development Bank has issued a private placement bond, denominated in dirham, in the local UAE capital markets.The issuance of AED200 million ($54 million), was arranged by First Abu Dhabi Bank in partnership with Abu Dhabi Fund for Development.This issuance supports the EDB’s... More

IDB has approved a $75 million loan to Paraguay to boost agricultural competitiveness and economic and social development by improving rural roads in the Eastern Region. The operation aims to expand vulnerable populations’ access to services and productive markets while addressing local... More

Andrew Kircher has been appointed World Bank Group resident representative for Honduras.Kircher joined the World Bank Group in 1999 as a communications officer. Since then, he has held several positions, including UN programme coordinator, senior operations officer, and manager of external... More

Bernard Harborne has become the World Bank Group resident representative for Solomon Islands and Vanuatu.Harborne will lead the programmes of the International Bank for Reconstruction and Development, International Development Association, International Finance Corporation, and Multilateral... More