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02 July 2025
in
Renewable energy, Traditional energy

Further information on Obelisk solar-plus-storage deal

Additional detail has emerged on the financing of Scatec ASA’s Obelisk solar and BESS project in Egypt, which closed in June.Of Obelisk's $590 million project...

02 July 2025
in
Climate finance

Spain and World Bank in push for wider use of debt swaps

Spain has partnered with the World Bank to help poorer countries free up money to spend on development and conservation via debt swaps.With rich governments cutting...

02 July 2025
in
Renewable energy, Social infrastructure, Waste and water

Johannesburg signs AfDB infrastructure funding

AfDB has approved a ZAR2.5 billion (around $139 million) corporate loan to the City of Johannesburg Metropolitan Municipality, marking the bank's first direct lending...

02 July 2025
in
Finance and other

Oman gets first World Bank country manager

The World Bank Group has named Wendy Werner as its first country manager of Oman, based in Muscat.Most recently, Werner was the country head for the International Finance...

02 July 2025
in
Traditional energy

Oando upsizes Afreximbank facility to $375m

Nigeria's Oando Oil has completed the upsizing of its reserve-based lending facility with Afreximbank to $375 million.The company’s pay down of the original...

02 July 2025
in
Finance and other

Enrique Blanco Armas is new World Bank Lebanon head

The World Bank has appointed Enrique Blanco Armas as country manager for Lebanon.Blanco Armas was most recently the manager for the strategy and operations unit of the...

02 July 2025
in
Climate finance

Turkey receives €360m in fight against climate change

The World Bank has approved a guarantee in the amount of €360 million ($389.5 million) for the "Financing Adaptation for Growth Project" in...

02 July 2025
in
Social infrastructure

IDB Invest supports affordable housing in Trinidad & Tobago

IDB Invest is supporting Trinidad and Tobago Mortgage Bank (TTMB), in partnership with Republic Bank, by subscribing to social bonds totaling TTD250 million (around $36.8...

02 July 2025

Croatian MSMEs get funding boost

EBRD is providing a €25 million loan to PBZ Leasing for on-lending to local MSMEs in Croatia.The loan will help to improve access to financing for Croatia’s...

02 July 2025
in
Finance and other

World Bank Group unveils new Bulgaria country manager

Jason Pellmar has started his role as World Bank Group country manager for Bulgaria, a position that will unify country-level leadership across the institution. The role...

02 July 2025
in
Finance and other

New Timor-Leste role for Freedman at World Bank

David Freedman has been appointed as the World Bank Group resident representative for Timor-Leste.He will lead the programmes of the International Bank for Reconstruction...

02 July 2025
in
Finance and other

World Bank Group names new country manager for Qatar

The World Bank Group has appointed Holly Welborn Benner as country manager for Qatar, based in Doha.Most recently, Benner was the resident representative for Jordan,...

01 July 2025
in
Climate finance

IDB seeks to unlock $11bn-plus for sustainability goals

IDB aims to unlock at least $11 billion in fresh sustainable finance through a series of initiatives to help countries cope with the impacts of events such as natural...

01 July 2025

EIB, EC launch new flexible guarantee of €5bn

EIB and the European Commission have launched a new type of guarantee agreement that will provide up to €5 billion to de-risk investments and expand EIB operations...

01 July 2025

CaixaBank, EIB partner to boost Spanish SMEs

EIB has signed a €450 million risk-sharing guarantee agreement with CaixaBank. This agreement will enable CaixaBank reduce its risks and capital requirements for...

01 July 2025
in
Traditional energy

EWE secures record loan to fund energy expansion

German energy and infrastructure group EWE has received its largest ever loan - a long-term credit facility of up to €450 million ($530 million) from EIB.The funding...

01 July 2025
in
Renewable energy

South Africa gets $474m for green growth

AfDB has approved a $474.6 million loan for South Africa's Infrastructure Governance and Green Growth Programme (IGGGP). This IGGGP is the second phase of the...

01 July 2025

Turkey's earthquake recovery gets boost via $100m digital bond

Turkey's Isbank has received a $100 million investment from IFC for its digitally native note (DNN) issuance. This investment marks the first DNN issuance in...

01 July 2025

NextChem wins Pacifico Mexinol contract

Maire's NextChem has been awarded an about €210 million (about $245 million) basic engineering and critical proprietary equipment supply contract for the...

01 July 2025

Finnvera and EIF unveil pilot project to support Ukraine

Finnvera and the European Investment Fund are partnering on a new guarantee arrangement that allows the Finnish ECA to grant additional export credit guarantees to...