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26 April 2024
in
Agriculture/food chain

World Bank issues immediate food crisis support in Malawi

The World Bank is providing immediate support for millions of Malawians severely affected by the ongoing food security crisis. A quick-release of $57.6 million in...

26 April 2024
in
Renewable energy

AFC invests $14.1m in Xlinks’ Morocco-UK power project

Xlinks First has announced a $14.1 million investment from AFC to further the development of Xlinks’ Morocco–UK Power Project, which will provide affordable,...

26 April 2024

IBRD prices Jamaica catastrophe bond

IBRD priced a catastrophe bond that finances $150 million of insurance coverage for the Government of Jamaica against named storm events. This is the renewal of the World...

26 April 2024
in
Finance and other

ADB names new Kazakhstan country director

ADB has appointed Utsav Kumar as its new Country Director for Kazakhstan.Kumar has 18 years of international experience, including more than 11 years at ADB. Prior to his...

26 April 2024
in
Social infrastructure

Baltics’ first gene therapy manufacturing facility gets funding

NIB, Citadele bank and the Lithuanian biopharmaceutical company Celltechna have signed a ten-year financing agreement of €37 million (almost $40 million) for a gene...

26 April 2024
in
Finance and other

FONPLATA issues new sustainable devlopment bond

FONPLATA development bank has raised CHF145 million (around $159 million) via a new public bond issue in the Swiss market. The issuance was carried out under the...

26 April 2024
in
Finance and other

AfDB appoints Special Envoy for MENA and Gulf

AfDB Group president Dr. Akinwumi Adesina has appointed career diplomat Ambassador Jalel Trabelsi as his Special Envoy for the MENA and Gulf Region.Ambassador Trabelsi...

26 April 2024
in
Finance and other

MDB callable capital: What's next?

After a year's research, ODI has released six papers detailing the legal, policy, budgetary, stress, risk, and financial implications of MDB callable capital – research...

25 April 2024

Shona Tatchell to lead EBRD's Trade Facilitation Programme

EBRD has appointed Halotrade founder Shona Tatchell as its new Director, Head of the Trade Facilitation Programme. Tatchell, who begins on May 7, will take over the role...

25 April 2024
in
Renewable energy

Helen secures EIB funds for district sector renewable project

Finnish energy group Helen has secured financing for two new renewable-energy projects in Helsinki's district heating sector. EIB is providing a €150 million...

25 April 2024
in
Finance and other

EBRD appoints new MD for Ukraine and Moldova

EBRD has appointed Arvid Tuerkner as its new MD for Ukraine and Moldova. Tuerkner replaces Matteo Patrone, who after five years in the role moves to become the...

25 April 2024
in
Agriculture/food chain

Blue Marble, USAID enhance climate resilience for Kenyan coffee farmers

Blue Marble has partnered with USAID to introduce an innovative financial solution in Kenya, aimed at enhancing the climate resilience of coffee farmers connected to...

25 April 2024
in
Social projects

NIB supports SMEs and environmental projects in Finland

NIB and Aktia Bank have joined forces in a seven-year loan agreement, providing €75 million ($80 million) to finance SMEs, SMCs, and environmental projects in...

25 April 2024
in
Agriculture/food chain

MIGA supports trade finance and food security in Senegal

MIGA has granted a guarantee of €298.5 million ($318.7 million) to Standard Chartered for its short-term loan to the government of Senegal. This guarantee provides...

25 April 2024
in
Social infrastructure

ADF backs green and sustainable initiatives in Rwanda

African Development Fund, the concessional lending arm of the AfDB, has approved a partial credit guarantee to support Rwanda’s mobilisation of financing to...

25 April 2024
in
Agriculture/food chain

JICA finances Nigeria's food security and agricultural sector reform

JICA has signed a loan agreement with the Government of Nigeria, providing an ODA loan of up to JPY15 billion ($96.7 million) to address the country's food security...

25 April 2024
in
Manufacturing

NIB finances Husqvarna's R&D investments

NIB and Husqvarna have entered into a €100 million ($108 million) seven-year loan agreement to finance research and development investments from 2022 to 2024,...

25 April 2024
in
Climate finance

ADB achieves record climate finance in 2023

ADB committed $23.6 billion from its own resources in 2023, including $9.8 billion for climate action, to help Asia and the Pacific progress on sustainable...

25 April 2024
in
Renewable energy

SACE covers €30m loan to Chiron Energy

UniCredit and BPER have finalised a €30 million ($32 million) green loan project financing, covered by SACE guarantee, with Chiron Energy SPV 16. The financing...

24 April 2024
in
Social infrastructure

NIB helps fund €460m central hospital in Hameenlinna

NIB and the Wellbeing Services County of Kanta-Hame have signed a 25-year uncommitted credit facility for the new central hospital in Hämeenlinna, Finland. The total...