In depth
28 March 2024

Wanted: More data

Synthetic securitisations, risk transfers, programmatic approaches – the MDB toolkit is growing. But, as voiced by attendees and speakers at the recent Texel DevFIns Conference 2024, whatever the tool used, MDBs need to enhance their data transparency to mobilise greater volumes of insurance... More

News
28 March 2024

IsDB backs Pengerang Energy Complex

Islamic Development Bank has approved a $100 million financing for ChemOne's $4.4 billion Pengerang Energy Complex project in Malaysia.ChemOne started looking into Islamic financing as an alternative to local bank commitments, which have proven tricky to source, last year. The IsDB facility,... More

News
28 March 2024

World Bank approves $1.5bn loan to Ukraine

The World Bank has approved a Development Policy Loan (DPL) worth $1.5 billion to support Ukraine's reforms and economic growth.The funds will be guaranteed by the Japanese and UK governments, with a portion of the interest capitalised to reduce Ukraine's servicing costs. The DPL project... More

In depth
22 March 2024

CDB's Solomon talks challenges and change

Climate change grabs the global headlines but it is not the only major issue facing the nations of the Caribbean. Isaac Solomon, Acting President of the Caribbean Development Bank, discusses the full range of development challenges in the region, CDB’s lending strategy and innovations, and plans for... More

News
28 March 2024

World Bank finances the upgrade of PMD's services

The World Bank has released the first tranche of its $50 million loan for the restructuring and upgrade of the Pakistan Meteorological Department (PMD). This loan aims to modernise the department and allow it to meet the training needs of its counterparts in the region.The project will digitise the... More

News
28 March 2024

Brazil and France launch €1bn plan for climate change and deforestation in the Amazon

Brazil and France have announced a €1 billion ($1.08 billion) investment plan to address climate change and deforestation in the Amazon.The investment plan seeks to raise €1 billion in public and private financing over the next four years, and will involve Brazilian state-owned banks BNDES... More

News
28 March 2024

BOAD approves nine new loans

BOAD has approved nine new totalling CFA169.483 billion ($280.2 million), bringing the total commitments of BOAD to 8.561.4 trillion ($14.1 billion).The new loans are aimed at supporting various projects, including providing CFA 25 billion ($41.2 million) refinancing lines for BGFIBank Cote... More

News
28 March 2024

Proparco finances Taspinar Hybrid SPP project

Galata Wind has signed a loan agreement worth $25 million with Proparco. The funds will support Galata Wind's Taspinar Hybrid SPP project, which has an overall investment budget of approximately $30 million, with the initial phase already close to completion.Galata Wind has ambitious plans to... More

News
28 March 2024

EBRD, Ukreximbank partner to unlock €40m in financing for Ukrainian private sector

EBRD has stepped in to support Ukraine's private sector by providing a €10 million ($10.8 million) unfunded portfolio risk-sharing instrument to Ukreximbank. This will enable Ukreximbank to provide €40 million ($43.3 million) in new financing to private businesses operating in Ukraine,... More

News
28 March 2024

Zimbabwe to join NDB

Zimbabwe's aspiration to join New Development Bank (NDB) has received a significant boost with declarations of support from Russia, South Africa, and now Brazil.Recent indications suggest that Zimbabwe, along with Argentina and Saudi Arabia, are set to be officially announced as new members of... More

News
28 March 2024

ADF to receive new funding commitments

In May, donor governments are expected to announce new funding commitments for the grant-financing window of the ADB, known as the Asian Development Fund (ADF). Replenishing ADF for the period 2025-2028 will be a significant test of commitment to multilateralism and development effectiveness in the... More

News
28 March 2024

ANAVA backing Janngo fund

ANAVA – a fund of funds backed by the World Bank, CDC and KfW – is investing €4 million ($4.3 million) in Africa’s Janngo Capital Start-up Fund (JCSF).JCSF seeks to support tech start-ups that enable Africans to improve their access to essential goods and services, such as... More

Event
Jun 11 - Jun 12, 2024

Uxolo Global 2024: Development & Impact Finance

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 details
Event Session
06 March 2024
News
28 March 2024

Thiebot new head of sustainable and positive impact finance at Societe Generale

Societe Generale has Paul-Antoine Thiebot as head of sustainable and positive impact finance for Asia Pacific.Based in Singapore, Thiebot most recently held the role of director of energy transition and sustainable finance within the bank and is replacing Yasmine Djeddai, who has taken on a new role... More

News
27 March 2024

Serbia's 94MW Pupin wind farm receives €91m funding

Enlight Renewable Energy has received a €91.4 million ($99 million) financing package to fund construction of a wind farm in Serbia.EBRD and Erste will provide parallel loans, worth €45.7 million each, including the associated debt service reserve facilities. Enlight’s local... More

News
27 March 2024

CEB approves 11 new loans totalling €1.3bn

Council of Europe Development Bank (CEB) has approved 11 new loans across as many countries and a variety of sectors totalling €1.3 billion.In Bosnia and Herzegovina, €3 million loan to Mikra Microcredits will support economically vulnerable women and women-led micro-businesses in rural... More

News
27 March 2024

264MW Pagegiai wind farm secures funding

NIB and UAB LT Energija have signed a €100 million ($108 million) loan for a 264MW wind farm in Pagegiai, Lithuania. The EU supports €43.5 million of the loan under the NIB’s InvestEU Framework Operation on Clean Energy Transition.The 21-year year loan will finance the construction... More

News
27 March 2024

Quantum Surgical gets EIB loan to advance tumour treatment

French medical robotics company Quantum Surgical is borrowing €30 million (about $32.5 million) from EIB to accelerate the worldwide commercialisation of a technology designed to treat abdominal and lung cancer with minimal invasiveness. More than 4 million new abdominal and lung cancer... More

News
27 March 2024

GEMs publishes report on recovery rates in emerging markets

The Global Emerging Markets Risk Database (GEMs) Consortium - consisting of 25 multilateral development banks and development finance institutions that are pooling and harmonising their data - has published its first report, using data from 19 of its members, on the recovery rates of investments... More

News
27 March 2024

Philippines receives JPY250bn from JICA for road, metro projects

JICA has signed two loan agreements with the Government of the Philippines, totalling JPY250 billion ($1.6 billion). The loans will be allocated to two projects, namely the Dalton Pass East Alignment Road Project and the Metro Manila Subway Project (Phase 1).The objective of the Dalton Pass East... More

News
27 March 2024

NIB finances Vasakronan’s building redevelopments in Sweden

NIB has partnered with Vasakronan to support the redevelopment and refurbishment of two buildings in Sweden with an SEK590 million ($56.5 million) ten-year loan. The aim of the project is to create sustainable and energy-efficient office spaces, with both buildings targeting LEED Platinum... More