The World Bank has agreed IDA additional financing of $250 million to enable Benin to continue its large-scale program to provide water access to rural communities.This financing strengthens the Rural Water Supply Universal Access Program-for-Results (PforR). It expands access to water supply... More

OPEC Fund has become the largest supporter of a program that will create sustainable livelihoods in Lesotho with a $19 million loan. The Regeneration of Landscape and Livelihood Project (ROLL) will benefit rural communities in the southern Africa country, whose economy is largely based on... More

The Emirates Development Bank has approved a trade finance facility to JLW Middle East to design, build and handover a 60MW data centre - with a day 1 capacity of 31.8MW - located in Masdar City, Abu Dhabi.As part of its contract, JLW will be responsible for the turn-key design, engineering,... More

Afreximbank has renewed its approval of a $1 billion facility to operationalise the African Continental Free Trade Agreement (AfCFTA) Adjustment Funds. It also approved a grant funding in an amount of $10 million to seed the Base Fund of the AfCFTA Adjustment Funds.The Base Fund will be used to... More

NIB has agreed a €44 million (about $46 million) loan with Swedish Klev Wind, a special purpose vehicle owned by Renewable Power Capital and backed by the Canada Pension Plan Investment Board.The five-year loan will enable RPC to acquire the Klevberget wind farm, and support the construction... More

The EBRD is boosting food security in Ukraine by backing more than half the risk of a revolving working capital loan for UAH330 million ($11.2 million) to Astarta Group, one of the country’s major agricultural and food processing businesses, through an agreement with Raiffeisen Bank. The share... More

Algeria has joined Afreximbank as a Member State. The move brings the membership of Afreximbank to 52 out of the 55 African Union member States. Algeria becomes a Class A shareholder in the bank and will be represented by the Algerian Ministry of Finance.  The number of Afreximbank Member... More

The World Bank has approved a $190 million loan to the southern Indian state of Tamil Nadu to address the housing needs of the lower-income groups and vulnerable population. This newly approved Second Tamil Nadu Housing Sector Strengthening Program is the second of a series of two... More

To boost access to cleaner and more reliable cooking fuel in Cameroon, especially for the country's underserved rural households, IFC is partnering with BOCOM Petroleum, a Cameroonian importer and distributor of petroleum products.IFC will help BOCOM expand access to liquified petroleum gas in... More

IDB Invest has extended a $23 million corporate loan to Explora Chile, a certified B-Corporation, to support the company’s regional growth and recovery from COVID-19, as well as to finance the development and required investments of a nature reserve in Torres del Paine under an innovative... More

EBRD is providing new funds, creating growth opportunities and facilitating green lending in Kazakhstan by offering a financial package of $60 million to one of the country’s largest lenders, Bank CenterCredit.It will consist of a local currency loan of up to $20 million equivalent under the... More

The World Bank has appointed Martin Raiser, an economist and development expert with almost two decades of experience at the World Bank Group, as its new Vice President for the South Asia Region.As the regional Vice President for South Asia, Raiser will manage Bank relations with Afghanistan,... More

NIB has signed a 15-year loan deal with Faroe Islandic power company SEV to finance the construction of a pumped hydroelectric energy storage system to allow for new renewable energy capacity on the Faroe Islands. The DKK 250 million (about $35 million) loan will co-finance a system consisting... More

The World Bank has appointed Fabrizio Zarcone as its new Country Manager for Thailand. He succeeds Birgit Hansl, after four years of heading the World Bank office in Bangkok.He will oversee the implementation of the World Bank Group-Thailand Country Partnership Framework which is focused on key... More

The EIB has agreed a €200 million (about $208 million) loan to support investment in school buildings across Ireland.The 30-year loan is provided to the National Treasury Management Agency, acting on behalf of the Irish State, and represents the tenth EIB loan provided to the NTMA since... More

Mozambique has issued request for proposals (RFPs) to seven prequalified consortia for the 1.5GW Mphanda Nkuwa hydropower project. Financial close is a while away yet, with a target understood to be set for 2024 to 2025.The scheme, which is expected to mobilise private investment to the tune of... More

The government of Bangladesh and the World Bank have signed a $515 million financing agreement to help nine million people get access to reliable electric supply while transitioning to clean energy.The Electricity Distribution Modernization Program will support the digitization and modernization of... More