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
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
The long-hoped-for first report on recovery rates from the Global Emerging Markets Risk Database (GEMs) consortium was published last month, and quickly followed by similar reports from IFC and IBRD. It's progress – but is the number crunching sufficiently granular to meet the needs of all... 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 ($96.9 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 ($106.7 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... 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
Divani Caravel, Leof. Vasileos Alexandrou 2, Athina 161 21, Greece
Join us on a mythical adventure through all things impact and development finance as we travel to the historic city of Athens for the first time!
Full detailsUniCredit and BPER have finalised a €30 million ($32 million) green loan project financing, covered by SACE guarantee, with Chiron Energy SPV 16. The financing benefits from EIB funds dedicated to the energy transition.The loan, certified as green according to the Green Loan Principles, aims to... More
NIB and the Wellbeing Services County of Kanta-Hame have signed a 25-year uncommitted credit facility for the new central hospital in Hämeenlinna, Finland. The total cost of the project is approximately €460 million ($491 million).NIB’s financing of up to €100 million supports... More
EBRD is disbursing the PLN450 million ($111 million) commitment it made to the PLN2.8 billion refinancing and expansion debt facility raised by Fiberhost and Inea in early March for expansion of their FTTH network in Poland.Fiberhost and Inea are subsidiaries of ODIN Holdings, which is owned by... More
The Water Sector Fund managed by EIB Global will provide €10 million in the Water Access Acceleration Fund (W2AF).W2AF, managed by Incofin, a global impact investment manager, is a “water-focused” blended finance impact fund targeting sustainable and scalable solutions that improve... More
EIB will provide financial advisory support for cleantech company Plagazi's Koping Hydrogen Park in Sweden.The services will be provided free of charge and will pertain to financial advisory support for the project development of the park. Koping Hydrogen Park is expected to annually... More
CEB and the Municipality of Sector 6 in Bucharest signed a €1.8 million grant agreement to finance the planning and implementation of a greenfield hospital. The technical assistance is supported by the InvestEU Advisory Hub and will complement a CEB €72.9 million (about $78 million) loan,... More
The UAE has pledged $50 million to the second phase of the Lives and Livelihoods Fund 2.0, a multi-donor development program that assists IsDB member nations in developing long-term solutions to lift millions out of poverty.LLF 2.0 will use the funds to support vital health and infectious disease... More
BII has signed a $100 million risk-sharing facility with Citi to address the trade finance needs of SMEs and corporates in frontier and emerging African economies.The initiative aims to tackle the critical shortage of foreign currency in the region by providing trade finance liquidity to Citi's... More