IFC granted a $25 million loan to Grupo Conclina for the construction of a new hospital in Cumbaya, a new urban growth area located at east of Quito, to promote more affordable and high-quality health services in Ecuador.The loan to Ecuador's leading health services organization will also be... More

The Footprint Firm has launched its inaugural venture fund, totalling DKK375 million ($54.1 million). Backed by established investors including EIFO, North-East Family Office, Realdania, and Chr. Augustinus Fabrikker, The Footprint Fund I aims to accelerate the green transition by making early-stage... More

EIFO has signed a loan agreement with Nibulon, an agricultural company based in Ukraine, for DKK100 million ($14.4 million). This initial draw is part of a total loan of DKK200 million ($28.8 million) allocated to Nibulon. Originally intended for Nibulon's silo and grain mill project in Ismail,... More

EBRD is lending over €46 million ($38.8 million) as part of a €93 million financing package to build and operate a 102MW onshore wind farm in Romania. Urleasca Wind Farm is expected to generate 277GWh a year of renewable energy and save about 115,000 tonnes of carbon dioxide emissions... More

EBRD is lending over €46 million ($38.8 million) as part of a €93 million package co-financed by OTP Bank to fund development of a 102MW onshore wind farm in Romania. Urleasca Wind Farm is expected to generate 277GWh a year of renewable energy and save about 115,000 tonnes of carbon... More

COFIDE, the development bank of Peru, returned to the international capital market with the issuance of a socially labeled bond for $300 million.The demand obtained reached almost $1.3 billion, allowing the spread to be adjusted by 40 basis points, to close at a record spread level of 65 basis... More

Armenian businesses are set to benefit from a $10 million loan provided by EBRD and Green Climate Fund. The loan, facilitated through Inecobank, will support corporates and SMEs in investing in green technologies.EBRD will contribute $7.5 million, while GCF will co-finance with $2.5 million. As the... More

KfW is making strides in embracing cryptocurrency technology within the financial sector by preparing to issue its first blockchain-based digital bond.KfW has already issued a digital bond as a central register security in compliance with the German Electronic Securities Act. Now, the bank is taking... More

EIB has partnered with Bank Respublika to provide a €10 million ($10.8 million) loan to support MSMEs in Azerbaijan. This agreement aims to promote financial inclusion by offering preferential loans to small businesses, with the added benefit of disbursal in the local currency.The loan is a... More

ADB and Citi have joined forces to sign a master risk participation agreement aimed at improving access to supply chain financing for SMEs. This collaboration is set to support over $100 million in additional trade annually across Asia and the Pacific.Through the agreement, ADB's Trade and... More

ADB has approved the bank's financial statements for the year, which include a net income allocation of $1.42 billion. This allocation marks the highest in the history of the ADB.The net income allocation for 2023 will be divided into various funds and initiatives to support the bank's... More

The International Finance Corporation (IFC) is considering a loan of up to $100 million for Raxio Group to facilitate the phased development of 10 carrier-neutral data centres totalling 13.5MW in Africa. The projected date for the IFC board to approve the loan is 21 May.Raxio is focusing on... More

Nixon Peabody has hired partners Frederick Miller and Andrew Rubin to the firm’s Community Development Finance practice.Based in the firm’s Washington, DC office, Miller and Rubin advise clients on structuring, negotiating, and closing tax credit transactions that create positive impacts... More

EBRD is extending an unfunded portfolio risk-sharing facility to Ukraine’s OTP Bank (OTPU), to unlock €120 million (almost $130 million) of new financing for Ukraine’s private sector amid the ongoing war waged by Russia.  The EBRD’s facility will cover up to 50% of... More

EBRD is supporting MSMEs and improving access to finance for young entrepreneurs in Uzbekistan by providing a financial package of up to $20 million (€18.8 million) to private lender Ipak Yuli Bank.The package consists of a $10 million loan under the EBRD’s Youth in Business programme and... More

Australia will plough A$492 million (almost $325 million) into ADB but is continuing to heap pressure on the organisation to overhaul the way it funds major projects in the region.The federal government committed the money to the Asian Development Fund at its 2025-28 pledging round, slightly higher... More

EBRD and APS, a non-performing loan management firm in Europe, are jointly investing in a funded participation concerning a portfolio of around 2,000 sub-performing and non-performing loans in Romania sold by Piraeus Bank. The total portfolio size, which includes unsecured loans and loans secured... More