Leaders of ten multilateral development banks committed to take action in five critical areas, including additional lending headroom totalling $300 billion-$400 billion over the next decade.The effort comes amid growing calls for these institutions to boost financing under favourable conditions to... More

Mongolia's government and a coalition of partners have signed a nature finance agreement aimed at protecting 35.6 million acres of the country's lands and waters, including the world's last great tract of temperate grassland. The agreement dubbed "Eternal Mongolia" will... More

Algeria is close to joining the New Development Bank.Joining the bank - formed by Brazil, Russia, India, China, and South Africa - can ontribute to financing development, and strategic and structural projects for the Algerian economy. Dilma Vana Rousseff, Chair of the NDB, said: "This... More

EBRD and World Bank have penned an MoU to enhance their collaboration and respond to global challenges together more effectively.The MoU identifies key areas of cooperation: climate, connectivity, economic resilience and recovery in Ukraine and private sector engagement.  On Ukraine, EBRD and... More

AIIB and the European Stability Mechanism have renewed their MoU to build on their collaboration and further enhance inter-institutional cooperation.The renewed MOU outlines a comprehensive framework for inter-institutional cooperation and both institutions may provide mutual technical assistance in... More

New financial instruments designed to boost lending capacity and enable the World Bank Group to take on more risk for shared global challenges have received a significant endorsement. A set of 11 countries announced commitments for the Portfolio Guarantee Platform, hybrid capital mechanism, and new... More

Africa's economic potential is being undermined by non-transparent resource-backed loans that complicate debt resolution and compromise countries' future growth, AfDB President Akinwumi Adesina warned.Adesina highlighted the challenges posed by Africa's ballooning external debt, which... More

Korea Development Bank and five major commercial banks have signed an agreement for the creation of a future energy fund for the purpose of investing in renewable energy facilities.The banks will make contributions to create a future energy fund worth a total of KRW9 trillion ($6.5 billion) until... More

EIB has entered into a loan agreement with the regional government of Andalusia, amounting to €215 million ($229 million). This loan will be used to co-finance social, green, and digital investment projects in the region.The collaboration aims to support the dual transitions towards green and... More

LTG Link has signed a €200 million (about $213 million) loan deal with NIB and EIB to finance the purchase of electric and battery-powered trains. NIB and the EIB will provide loans of €100 million each to finance nine electric and six battery trains, which will replace about... More

Astarte Capital Partners and Silvipar have announced the final closing of their inaugural Silvipar Astarte Impact Forestry Fund (SAIFF) at $325.3 million. Originally targeting $200 million, SAIFF attracted substantial oversubscription, drawing investors from over 25 countries across five... More

Bill & Melinda Gates Foundation and EIB have joined forces to empower women and promote financial inclusion in Kenya. Through a new partnership, they are launching a €30 million ($32.4 million) microfinance programme in the country, with €15 million ($16.2 million) funding from EIB... More

The World Bank Group has unveiled an ambitious plan to support countries in delivering quality, affordable health services to 1.5 billion people by 2030. This is part of a larger global effort to provide a basic standard of care through every stage of a person’s life — infancy,... More

Honduras has launched the first bidding process for five highway tranches within the framework of the "Honduras Resilient Roads Program (PCR-HN)" financed by CABEI.The rehabilitation and improvement of this tranche of the Danlí-Trojes road is 78km long and has been divided into... More

BlueOrchard has added two new investors, BII and the Nordic Development Fund, to the InsuResilience Investment Fund Private Equity II (IIF PE II). BII has committed $15 million with NDF committing $13.5 million and an additional $1 million as a grant for the fund's technical assistance facility.... More

DFC has granted a $4 million investment to Regenera Ventures I, an impact investment fund focused on promoting ecosystem regeneration in Mexico. Created with support from the USAID in Mexico, Regenera Ventures I is a fund led by women, aiming to support companies adopting regenerative practices that... More

EIB and the Government of Ukraine have established a strategic cooperation framework to support Ukraine's reconstruction, recovery, and EU integration efforts. This collaborative partnership will focus on crucial public and private sector initiatives, which will be funded through the EIB's... More

EG Capital, a growth investor focused on mezzanine debt investments for SMEs and mid-cap companies in East Africa and Zambia, says new partners will be joining the EG-Economic Empowerment Fund (EG-EEF) to support groups within the food, climate, health and education sectors.With two investments... More