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News
03 April 2024
in
Climate finance, Renewable energy

World Bank approves $750m to Colombia to advance renewables and climate resilience

World Bank has given its approval for a loan of $750 million to Colombia with the aim of strengthening the country's resilience to climate change and promoting...

News
03 April 2024

MONETA secures €100m loan from EIB to support SMEs

MONETA has obtained a €100 million ($107.5 million) loan from the EIB aimed at fostering economic opportunities for small and mid-sized businesses in Czechia. At...

News
03 April 2024
in
Finance and other

World Bank to approve $1.2bn financing for Kenya budget

The World Bank is set to approve $1.2 billion of budget financing to Kenya by the end of April. This funding will provide crucial financial support to Kenya as it aims to...

News
02 April 2024
in
Social infrastructure

Velindre Cancer Centre reaches financial close

The ACORN consortium has achieved financial close on the £180 million Velindre Cancer Centre project in Cardiff, Wales.Velindre University NHS Trust appointed ACORN...

News
02 April 2024
in
Waste and water

Grande Cote desal progresses

ACWA Power has signed a SAR3 billion ($800 million) agreement with Senegal’s Ministry of Water and national water company SONES to develop a desalination plant...

News
02 April 2024

Proparco signs second credit line for Ipak Yuli

Proparco is providing Ipak Yuli Bank with senior debt of up to $30 million to support the bank’s MSME financing strategy.Ipak Yuli, which was set up in 1990, is the...

News
02 April 2024
in
Finance and other

World Bank and AIIB in guarantee talks

The World Bank and AIIB are considering increasing cooperation in a bid to make the most of their balance sheets. The pair are in talks about AIIB providing a second...

News
02 April 2024
in
Renewable energy

SFD backs hydro projects in Pakistan

The Saudi Fund for Development (SFD) has signed agreements to finance two hydro power projects in Pakistan.The $101 million of funding will support the 44MW Shounter and...

News
02 April 2024
in
Finance and other

World Bank to issue $1bn hybrid note

The World Bank is set to make its debut in the capital markets this year with a hybrid note issue worth up to $1 billion.The move comes as development banks face...

News
02 April 2024
in
Social infrastructure

NIB finances campus developments at Aalto University

Nordic Investment Bank (NIB) and the Aalto University Foundation have signed a 15-year loan agreement worth €45 million ($49.35 million) to support the construction...

News
02 April 2024
in
Social projects

ADB approves $24.9m to enhance health services in Laos

ADB has given the green light to a financing package of $24.9 million for Laos, which includes a $4.95 million grant from the Asian Development Fund. This funding aims to...

News
02 April 2024
in
Climate finance

ADB provides $2.8m climate-related grant to Mongolia

ADB is providing a $2.8 million grant to the Mongolian government to support the relief efforts for dzud, a climate-related disaster that has caused significant...

News
28 March 2024

IsDB backs Pengerang Energy Complex

Islamic Development Bank has approved a $100 million financing for ChemOne's $4.4 billion Pengerang Energy Complex project in Malaysia.ChemOne started looking into...

News
28 March 2024
in
Finance and other

World Bank approves $1.5bn loan to Ukraine

The World Bank has approved a Development Policy Loan (DPL) worth $1.5 billion to support Ukraine's reforms and economic growth.The funds will be guaranteed by the...

News
28 March 2024
in
Climate finance

World Bank finances the upgrade of PMD's services

The World Bank has released the first tranche of its $50 million loan for the restructuring and upgrade of the Pakistan Meteorological Department (PMD). This loan aims to...

News
28 March 2024
in
Climate finance

Brazil and France launch €1bn plan for climate change and deforestation in the Amazon

Brazil and France have announced a €1 billion ($1.08 billion) investment plan to address climate change and deforestation in the Amazon.The investment plan seeks to...

News
28 March 2024
in
Agriculture/food chain, Social infrastructure, Social projects

BOAD approves nine new loans

BOAD has approved nine new totalling CFA169.483 billion ($280.2 million), bringing the total commitments of BOAD to 8.561.4 trillion ($14.1 billion).The new loans are...

News
28 March 2024
in
Renewable energy

Proparco finances Taspinar Hybrid SPP project

Galata Wind has signed a loan agreement worth $25 million with Proparco. The funds will support Galata Wind's Taspinar Hybrid SPP project, which has an overall...

News
28 March 2024
in
Finance and other

EBRD, Ukreximbank partner to unlock €40m in financing for Ukrainian private sector

EBRD has stepped in to support Ukraine's private sector by providing a €10 million ($10.8 million) unfunded portfolio risk-sharing instrument to Ukreximbank....

News
28 March 2024
in
Finance and other

Zimbabwe to join NDB

Zimbabwe's aspiration to join New Development Bank (NDB) has received a significant boost with declarations of support from Russia, South Africa, and now...