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03 November 2021
in
Traditional energy

Prime Oil and Gas signs $150m PXF facility with AFC

Canada-headquartered Africa Oil Corp has announced that its investee company Prime Oil and Gas has signed and closed a pre-export finance facility for an initial amount...

03 November 2021
in
Renewable energy, Traditional energy

IFC, institutional investors $3bn climate finance initiative

The International Finance Corporation is to partner with two institutional investors, Allianz through Allianz Global Investors, and the Hong Kong Monetary Authority, to...

03 November 2021

COP26: EIB pledges $1bn for South Africa’s energy transition

The EIB’s funding forms part of an $8.5 billion commitment from France, Germany, the UK, the US and the EU to finance South Africa’s transition away from coal-fired...

03 November 2021
in
Social infrastructure, Traditional energy

APICORP helps finance eco-friendly VLCCs for Hartree

The Arab Petroleum Investments Corporation (APICORP) and the National Bank of Fujairah have signed a five-year $108 million debt finance facility with Hartree Maritime...

03 November 2021

EDB to invest $1.2bn in its members in 2021

The Eurasian Development Bank plans to invest $1.2 billion in its members’ economies this year, mainly in Russia and Kazakhstan, and eyes borrowing around $1...

03 November 2021
in
Renewable energy, Traditional energy

Partners pledge $665m to support green recovery in ASEAN

Four partners have collectively pledged $665 million toward a platform managed by the Asian Development Bank that aims to mobilize an additional $7 billion for low-carbon...

03 November 2021

New partnership aims to raise $500m for sustainable forestry across sub–Saharan Africa

The UK's CDC has helped launch a plan to develop investment strategies designed to scale and transform the sustainable forestry sector in sub-Saharan Africa. The new...

03 November 2021

IADB, Germany, Netherlands promote sustainable development in the Amazon

The Inter-American Development Bank and the governments of Germany and the Netherlands have announced a new partnership to promote sustainable landscapes and forest...

03 November 2021
in
Agriculture/food chain, Renewable energy, Traditional energy

MDBs unveil boost to nature-based investments at COP26

Multilateral development banks, led by the Inter-American Development Bank, have pledged to mainstream nature across their policies and to significantly boost nature...

03 November 2021

IFC, Amundi launch $2bn bond strategy

The International Finance Corporation and Europe's largest asset manager Amundi are to establish a new fund to mobilize up to $2 billion in private investment into...

03 November 2021
in
Manufacturing, Mining, Renewable energy, Traditional energy

Leaders unite to support just transition in South Africa

South African President Cyril Ramaphosa, alongside the governments of France, Germany, the United Kingdom and the United States, as well as the European Union, unveiled a...

03 November 2021

PM announces support for Small Island States at COP26

Prime Minister Boris Johnson chaired an event with India’s PM Modi to launch the Infrastructure for Resilient Island States facility, a joint initiative with the...

03 November 2021

ADB, Zhujiang Financial Leasing support Chinese SMEs

The Asian Development Bank and Zhujiang Financial Leasing Company Limited (ZFL) have signed a $40 million loan equivalent to CNY258 million to expand the company’s...

02 November 2021

COP26: International partners pledge $665 million to ASEAN’s green recovery

The UK government, The EU, Italy’s CDP, and the Green Climate Fund all pledged funds for the ADB’s new Green Recovery Platform.

02 November 2021
in
Agriculture/food chain

COP26: Leaders pledge $19bn to fight deforestation and land degradation

The 110 signatories of the agreement – which includes $7.2bn of pledges from the private sector – cover a combined 85% of the world’s forests.

02 November 2021
in
Agriculture/food chain

Major shifts in private finance, trade and land rights to protect world’s forests

Governments, investors, businesses, civil society, and philanthropists are to make unprecedented commitments to tackle deforestation, leading to shifts in private...

02 November 2021
in
Traditional energy

Nearly all development banks 'committed to cutting coal investment'

Nearly all internationally available development financing is now committed to reducing or ending investment in coal-fired power after moves by China and the G20 to stop...

02 November 2021

IADB to fully align operations with Paris Agreement by 2023

The Inter-American Development Bank has revealed that its loans and projects will be fully aligned with the Paris Climate Agreement by 2023. Alignment requires the IADB...

02 November 2021
in
Renewable energy, Traditional energy

Australia increases climate commitment to A$2bn

The Australian government has announced plans to increase its international climate finance commitment to A$2 billion (about $1.49 billion) over the next five years, to...

02 November 2021
in
Agriculture/food chain, Waste and water

AfDB grants €114m for sustainable agriculture project in Morocco

The African Development Bank has approved Morocco’s loan request of more than €114 million for the Support Program for the Inclusive and Sustainable...