SBM Bank (Mauritius) and the Eastern and Southern African Trade and Development Bank Group (TDB) have signed a memorandum of understanding (MoU) to collaborate on joint business opportunities and co-financing agreements with TDB Asset Management (TAM), and the implementation of joint capacity... More

Atlante has been granted funding for the third time from the EU's Alternative Fuels Infrastructure Facility (AFIF) financing program. The latest grant amounts to €17.2 million ($18.3 million), following previous awards of €23 million ($24.4 million) in 2022 and an additional €49.9... More

IFC is increasing access to finance for SMEs in Georgia through a new $10 million loan agreement with Isbank Georgia.According to the World Bank's Enterprise Surveys 2023, access to finance stands as the third major constraint for businesses in Georgia. IFC's collaboration with Isbank... More

EIB has announced the approval of €4.3 billion in new financing to support various sectors including regional transport, energy distribution, business innovation, climate action, energy storage, and water and waste treatment.A significant portion of the financing, €3 billion, will be... More

According to a United Nations report titled Aid under Pressure, global Official Development Assistance (ODA) reached a record high of $287 billion in 2022, marking a 22% increase from previous years. However, aid specifically targeted at developing regions experienced a 2% decline, totalling $4... More

IDB Invest has signed an agreement to provide $25 million to Unicomer Guyana through its real estate division, Redstart Guyana. The funds will be used to construct a commercial complex and megastore known as River Place.The funding will play a crucial role in supporting the sustainable growth of... More

IFC has announced the appointment of Matilde Bordon as the new IFC Country Manager for Peru, Ecuador, and Bolivia. With 15 years of experience in development, Bordon brings a wealth of knowledge in both the public and private sectors.Bordon began her career with the World Bank Group in 2001,... More

Lviv, a city in western Ukraine, has completed an urban mobility project that involved the acquisition of ten low-floor trams. The project, made possible through Lviv's participation in the wider Ukraine Urban Public Transport project, was financed by a €17.4 million ($18.5 million) loan... More

The devastating impact of the pandemic on the world’s poorest countries has brought poverty reduction to a halt and led to a widening income gap with nations in the rich west, the World Bank has warned.In a report released to coincide with its half-yearly meeting, the Washington-based... More

The World Bank has approved a new loan to upgrade transportation systems in the state of Santa Catarina in Brazil.The Foz do Rio Itajai Region Integrated Sustainable Mobility Project (PROMOBIS) targets 11 municipalities – Balneario Camboriu, Balneario Picarras, Bombinhas, Camboriu, Ilhota,... More

The World Bank (WB) will provide $1 billion in support of Pakistan's 2160MW Dasu hydropower project. The project financing package, which will be administered through the IBRD and the International Development Association, marks WB's third major deal for the facility. Previously,... More

Kyrgyzstan has signed a law to ratify an agreement with JICA aimed at improving irrigation canal equipment. JICA will award the Kyrgyz Cabinet of Ministers JPY1.087 billion ($7.25 million) under the terms of the agreement. The funding will be used to purchase earthmoving and other equipment by... More

The IDB Invest-backed Mendubim solar project in Brazil has been inaugurated.The project is an example of IDB Invest's new originate-to-share business model, focused on collaborating with the private sector and attracting institutional investors to maximise impact.In 2023 IDB Invest provided a... More

Impact investment manager WaterEquity has appointed Marlene Hormes as its new chief investment officer (CIO).Hormes brings two decades of experience in international investment management and sustainable investing. Prior to joining WaterEquity she was CIO at Annycent Capital, an investment... More

British International Investment (BII) and FMO have made a joint loan commitment of $50 million to BECIS, a Singapore-based energy-as-a-service (EaaS) provider in South East Asia.The facility will be used to fuel BECIS' expansion across Vietnam, the Philippines, Indonesia, Thailand, Malaysia and... More

BNDES has launched another call for project proposals for the BNDES Azul programme. Unlike its previous BRL50 million programme in 2023, which was aimed at mangroves preservation, the new BRL60 million programme will be directed at coral protection.The bank will invest BRL30 million in coral... More

The EBRD and other MDBs have published reports summarising the outcomes of reviews of their callable capital subscriptions.The reviews are part of multilateral development banks’ (MDBs) efforts to implement the recommendations of the G20-sponsored Independent Review of Capital Adequacy... More

The Center for Global Development (CGD) has released its 2024 MDB Reform Tracker – just ahead of the IMF and World Bank Spring Meetings next week.According to the report multilateral development banks (MDBs) have made significant strides in incorporating global challenges like climate change... More