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News
12 October 2021

UN's climate envoy calls development banks to scale up ambition

United Nations climate envoy Mark Carney has called on multilateral development banks around the world to "up their ambition" in terms of the financing provided...

News
12 October 2021
in
Social infrastructure

ICD extends $50m facility to Kuwait's Aviation Lease and Finance Company

Islamic Corporation for the Development of the Private Sector (ICD) and Aviation Lease and Finance Company (ALAFCO) have signed a four-year syndicated secured financing...

News
12 October 2021

Makhmudova assumes her role as the new head of EBRD in Azerbaijan

Kamola Makhmudova has assumed her role as the new head of the European Bank for Reconstruction and Development (EBRD) in Azerbaijan. She will be responsible for the...

News
12 October 2021
in
Agriculture/food chain

Siaya, JICA partner to boost avocado farming

Siaya has partnered with the Japan International Cooperation Agency (JICA) to boost avocado farming. The county has received around 6,000 seedlings of Hass variety to...

News
12 October 2021

DFC, IKEA Foundation-backed $14 million refugee bond launches

The IKEA Foundation, Novo Nordisk Foundation, Norad, the U.S. Development Finance Corporation (DFC), Ferd, and KOIS have launched a $14m development impact bond to help...

News
12 October 2021
in
Agriculture/food chain

JICA invests $2.5 million in US-based Sanergy, Inc

Japan International Cooperation Agency (JICA) has made an investment of $2.5 million in Sanergy Inc, a US company that promotes a circular-economy approach in the...

News
12 October 2021

OP Finnfund Global Impact Fund I invests $10 million in Sathapana Bank, Cambodia

OP Finnfund Global Impact Fund I, the first global emerging markets impact fund in Finland, has invested $10 million in Sathapana Bank, one of Cambodia’s largest...

News
12 October 2021
in
IT and telecoms

2150 VC’s flagship fund hits final close at $312 million, aimed at building greener cities

Six months after their first close, 2150, the ‘Urban Sustainability Technology Fund’, announced the final close of its flagship fund at $312 million. The...

News
12 October 2021

AfDB debars Sino-Kenya Engineering

African Development Bank Group (AfDB) has debarred Sino-Kenya Engineering Group Company Limited, and its managing director Yuehua Bai, from its projects for 36 months...

News
11 October 2021

AfDB, NDB help finance Lesotho Highlands Water Project

The African Development Bank has approved a loan of $86.72 million to co-finance the second phase of the Lesotho Highlands Water Project, in South Africa. The project,...

News
11 October 2021

Gelsomina Vigliotti appointed as EIB Vice-President

Gelsomina Vigliotti has been named as the new Vice-President and Member of the Management Committee of the European Investment Bank. She succeeds Dario...

News
11 October 2021
in
Agriculture/food chain

African Development Fund supports São Tomé and Príncipe SMEs

The African Development Fund has approved a grant of $10.7 million to São Tomé and Príncipe for the implementation of the first phase of the...

News
11 October 2021
in
Mining, Traditional energy

Fossil fuel companies paying top law firms millions to ‘dodge responsibility’

The world’s biggest corporate law firms have been making millions of dollars representing fossil fuel companies but, as the climate crisis intensifies, this work is...

News
11 October 2021

IsDB hires banks for five-year dollar bonds

The Islamic Development Bank has hired Credit Agricole, FAB, HSBC, the Islamic Corporation for the Development of the Private Sector, JP Morgan, KFH Capital, Natixis,...

News
11 October 2021

GCF approves $174.3m to CABEI for Dry Corridor Program

The Green Climate Fund has approved the Central American Dry Corridor Program financing proposal presented by the Central American Bank for Economic Integration (CABEI)...

News
11 October 2021
in
Renewable energy, Traditional energy

Amazon Bioeconomy Fund is approved by GCF

The Green Climate Fund has approved the Amazon Bioeconomy Fund, an initiative from the Inter-American Development Bank to leverage investments in support to climate...

News
11 October 2021
in
Renewable energy

Desert to Power G5 Sahel financing facility receives $150m from GCF

The African Development Bank has welcomed $150 million investment in its Desert to Power G5 Financing Facility from the Green Climate Fund.Desert-to-Power is a renewable...

News
11 October 2021

EIB to provide €100m in guarantees to UniCredit Bank Slovakia

The European Investment Bank will provide €100 million in guarantees stemming from its European Guarantee Fund to UniCredit Bank Slovakia, enabling it to offer more...

News
08 October 2021
in
Traditional energy

Lawyers warn EU against labelling gas as a 'green' investment

The environmental law firm ClientEarth has warned the European Union that it would be breaching its own laws if it labels investments in gas-fuelled energy as...

News
08 October 2021
in
Traditional energy

ADB to fund closures of coal power plants

The Asian Development Bank plans to create funds, possibly next year, to facilitate early closures of coal-fired power plants in Southeast Asia. The new funds will buy...