Ocean 14 Capital Fund I, focusing exclusively on the blue economy, has closed on €201 million to support its mission of funding sustainable solutions to improve ocean health.The Ocean 14 Capital Fund is focused on driving a sustainable and regenerative blue economy – a sector that uses... 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

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

EBRD has granted two loans totalling up to $10 million to Bank Arvand, in order to help businesses and households in Tajikistan gain better access to green technologies and climate adaptation measures, as well as stimulating youth entrepreneurship.The loans are part of a $15 million financing... More

The US Department of Agriculture’s Forest Service is investing nearly $74 million to spark innovation, create new markets for wood products and renewable wood energy from sustainably sourced wood, and increase the capacity of wood processing facilities as part of President Biden’s... More

ADB has priced a global benchmark US dollar bond, generating $3.5 billion in proceeds that will contribute to ADB's ordinary capital resources.The two-year bond carries a coupon rate of 4.875% per annum, with semi-annual payments, and matures on May 21, 2026.Credit Agricole CIB, Deutsche Bank,... More

Yildirim Energy is entering Kosovo’s renewables market by announcing a 109MW solar project in the municipality of Drenas.This project by Yildirim Group's energy supply, trading and production subsidiary marks a significant moment for Kosovo, as it contributes to the production of... More

Standard Chartered and MIGA have provided a financing package of €114 million ($123.1 million) for the National Bank for Foreign Economic Activity of Uzbekistan (NBU). This marks MIGA's first guarantee against the risk of non-honouring of financial obligations by a state-owned enterprise in... More

JICA and OECD have reaffirmed their commitment to collaboration in the field of development by signing a Memorandum of Cooperation. The aim of the MoC is to drive economic and social progress in Southeast Asia and the Indo-Pacific region.The renewed collaboration between JICA and the OECD... 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

IFC 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