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 that was almost immediately complemented by statements from every major MDB. Now the results are here, there are a number of... More
EBRD is investing in Mongolia’s public healthcare sector by extending a sovereign $43.2 million loan and a €5 million capital grant to the country's government. Funds will be used to design, build, and equip a new 250-bed hospital in Darkhan.Improving access to healthcare and reducing... More
IsDB has approved around $418 million to fund new development projects in member countries.Tajikistan received $150 million for the construction of the Rogun Hydropower Plant Project's Lot-4 (Left Bank Structures). The project aims to provide clean, affordable, and reliable renewable electricity... More
Against the backdrop of an increasingly risky economic climate and growing demand from borrowers, the development finance sector continues to push the boundaries on projects and fundraising to offset the direct and indirect dangers posed by climate change. More
IDB and the Interdisciplinary Institute of Political Economy of Argentina will select and fund up to six research proposals that address the challenges of the link between infrastructure, connectivity, and integration in Latin America and the Caribbean.The call "Connecting Latin America and the... More
NADBank has unveiled its Sustainable Financing Framework, which targets investments with significant environmental and social impacts and enhances transparency in the use of funds. The framework focuses on addressing the critical development challenges facing the US-Mexico border region, which... More
IFC is partnering with Korea-based credit card-issuing company KB Kookmin Card (KBC) to increase access to finance for small businesses in Indonesia and boost digital inclusion in Thailand.IFC is providing a $100 million loan in Indonesian rupiah equivalent to PT KB Finansia Multi Finance, an... More
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 grant financing is designed to provide the country immediate liquidity through the Catastrophe Deferred Drawdown Option... More
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, reliable, clean energy from Morocco to Britain within a decade.Once complete, the project’s wind and solar generation,... More
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 Bank’s 2021 cat bond for Jamaica, which was the first small island state to independently sponsor a cat bond.Jamaica is... More
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 appointment to Kazakhstan, he was ADB Deputy Country Director for Sri Lanka where he led country programming, knowledge, and... More
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Full detailsNIB, Citadele bank and the Lithuanian biopharmaceutical company Celltechna have signed a ten-year financing agreement of €37 million (almost $40 million) for a gene therapy product facility in Vilnius. NIB will provide a €22.5 million loan, and Citadele will extend a €14.5... More
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 bank's Sustainable Debt Framework.The bond has a duration of 3.5 years, maturing on November 2027, and an interest rate of 2.5925%.... More
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 brings to the role over 30 years of experience as a diplomat.As Special Envoy for MENA and the Gulf Region, Ambassador Trabelsi will... More
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 from Rudolf Putz, who will be retiring at the end of May.EBRD’s flagship TFP has financed more than 30,000 foreign trade... More
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 loan towards the total investment of €209 million (about $224 million).The financing is to install a new heat pump plant and... More
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 EBRD’s Vice President, Banking. Tuerkner, who is currently the EBRD’s Managing Director, Turkiye, will take up his new role... More
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 global supply chains. The initiative is supported by a grant from USAID’s Climate Finance for Development Accelerator... More
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 Finland.This loan from NIB aims to address the increasing financing needs of SMEs and environmental initiatives in Finland. To... More