In her first interview since her appointment on 7 May, Shona Tatchell, the new head of trade and supply chain finance, European Bank for Reconstruction & Development (EBRD) Trade Facilitation Programme (TFP), discusses her unusual journey to the role, and how she is well placed to help champion... More
World Bank has appointed Hugh Riddell as Country Manager for the Kyrgyz Republic. Based in Bishkek, Riddell will lead the bank’s engagement in the Kyrgyz Republic, which includes policy dialogue with government officials, civil society, the private sector, and development partners, as... More
IFC announced a $150 million commitment to four investment and advisory projects that will support economic development in Egypt and other parts of Africa in key sectors including healthcare, trade, and finance. The four projects are: An advisory program with Egypt's Universal Healthcare... More
Could the recent rapid growth in untied ECA lending make collaboration with DFIs and MDBs easier in the future? More
EBRD is lending €10 million (about $10.8 million) to Armenia to finance the construction of a customs and logistics centre in the Syunik region. The bank will also provide a €2 million investment grant via its Shareholder Special Fund to co-finance the project.The country’s new... More
Over 60 countries, developments institutions and companies pledged a total of $2.2 billions to finance access to clean cooking solutions in Africa and reduce the collateral health and environmental risks related to harmfull cooking methods.The International Energy Agency convened global leaders for... More
NIB has signed a loan agreement with Norwegian renewable energy company Hafslund to rehabilitate dams and hydropower stations. The total loan volume of NOK1 billion (almost $93 million) is split between two equally sized tranches, with tenors of ten and eight years respectively. The loan will... More
Melinda French Gates is resigning as a co-chair of the Bill & Melinda Gates Foundation. Her final day at the foundation will be June 7. She started the foundation in 2000 with her then-husband Bill Gates. The Gates Foundation is among the most powerful groups in public health, with an... More
EIB and Aena have signed a €160 million ($173 million) loan to finance upgrades to the passenger terminal at Palma de Mallorca International Airport. Upgrades will include optimised commercial and passenger management areas, improvements to terminal facilities such as electricity, air... More
EBRD is lending €15 million (about $16.2 million) to renewable energy producer Photon Energy to support its activity in Romania and Poland.EBRD’s investment will enable Photon to complete the construction of a portfolio of six solar parks in Romania with a total installed capacity of... More
Nadia Petkova has been appointed Managing Director, Impact and Partnerships at EBRD. The appointment will take effect in July 2024. In her new role, Petkova will be advising the president and senior management on the measurement of transition results and transition impact. Her team, part of the... More
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Full detailsIFC and Absa Group will provide a commodity trade finance facility of up to $60 million to green coffee merchant Volcafe to strengthen the company's operations in East Africa.The financing will provide working capital to facilitate the purchase of coffee cherries – the fruit from which... More
IFC will invest up to $5 million in Sturgeon Emerging Opportunities II, a new venture capital fund managed by Sturgeon Capital to promote digital economies and support the growth of early-stage tech startups in Central Asia.Sturgeon Emerging Opportunities Fund II will focus on startups in areas such... More
EBRD and the EU are joining forces with Acba bank to boost the availability of funding for Armenian MSMEs.EBRD is providing a €25 million ($27 million) unfunded risk-sharing instrument to one of Armenia’s leading banks to unlock new financing for local firms. This guarantee will cover up... More
JICA has enlisted a group of security companies to serve as joint lead managers for the upcoming 5-year Fiscal Investment and Loan Program (FILP) Agency Bonds. The bonds, denominated in yen and without government guarantee, are set to be launched in June 2024.The designated joint lead managers... More
EBRD is to provide a long-term, sustainability-linked loan of up to $51.65 million to MCS Coca Cola in Mongolia.EBRD financing will support MCS Coca Cola to: renew, expand and modernise some of its production equipment and facilities, and realign its capital structure by refinancing financial debt... More
EIB and MicroBank have signed a €100 million ($107.8 million) loan agreement to improve access to finance for microenterprises and self-employed individuals in Spain who want to start or expand their businesses. With this loan, MicroBank will make a total of €200 million ($215.6 million)... More
BII has provided a loan of $50 million to BRAC Bank in Bangladesh, which will support the growth of MSMEs and women-led businesses.BII's loan commitment will be divided equally, with half directed towards MSMEs and the other half targeting women entrepreneurs who meet the 2X criteria. The loan... More
Norrsken VC has announced the final close of its second fund, supporting entrepreneurs who are tackling the world’s greatest problems. The total fund size of €320 million ($345 million) – surpassing the original target of 250 million – is backed by Folksam, AP1 and... More