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

NIB, 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

MIGA has granted a guarantee of €298.5 million ($318.7 million) to Standard Chartered for its short-term loan to the government of Senegal. This guarantee provides protection against the risk of non-payment by the government for a period of up to three years.The project aims to finance trade... More

African Development Fund, the concessional lending arm of the AfDB, has approved a partial credit guarantee to support Rwanda’s mobilisation of financing to implement green and social initiatives.The partial credit guarantee for mobilisation of sustainable financing for Rwanda projects will... More

JICA has signed a loan agreement with the Government of Nigeria, providing an ODA loan of up to JPY15 billion ($96.7 million) to address the country's food security crisis.Nigeria is currently facing challenges in food security due to rising global energy prices and agricultural input costs,... More

NIB and Husqvarna have entered into a €100 million ($108 million) seven-year loan agreement to finance research and development investments from 2022 to 2024, specifically focusing on the electrification of motorised equipment.Husqvarna aims to use the funds to enhance its R&D capabilities... More

ADB committed $23.6 billion from its own resources in 2023, including $9.8 billion for climate action, to help Asia and the Pacific progress on sustainable development.These figures are among the financial and operational results published in ADB’s Annual Report 2023. The report summarizes how... More