After a year's research, ODI has released six papers detailing the legal, policy, budgetary, stress, risk, and financial implications of MDB callable capital – research that was almost immediately complemented by statements from every major MDB. Now the results are here, there are a number of... More
EBRD is financing the upgrade and expansion of a key transportation route in Uzbekistan.The sovereign loan of up to $238 million will help rehabilitate around 81km of the 4R156 road and build a bridge across the Amu Darya River in the Khorezm region of western Uzbekistan. This strategically... More
Ioannis Tsakiris, a former Greek deputy minister, has been appointed EIB Vice-President.Tsakiris succeeds Christian Kettel Thomsen, who left the bank last year to become governor of the Danish Central Bank. The new VP started his term on May 1.Tsakiris has extensive experience at the EIB Group,... More
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
3 Sun – a wholly-owned subsidiary of Enel – has closed on a green loan financing to fund expansion of its existing PV panels manufacturing facility in Catania, Sicily.The expansion will increase the factory’s current annual production capacity of 200MW to about 3GW per year by... More
IFC is considering up to $200 million in finance to telecommunications group Airtel Africa to support the company's operations in the DRC, Rwanda, and Kenya. The funding would cover capex needs and refinance US dollar-denominated debt. The capex component will be directed towards... More
Croatia's HBOR and the ministry of regional development and EU funds will provide €250 million ($268 million) in loans to companies for energy efficiency projects.The programme offers favourable loans with the possibility of partial loan write-off based on energy-saving criteria to... More
EBRD is boosting Palestinian export and import activities by providing a $2 million trade finance line to the Arab Islamic Bank.The trade finance line, given under the EBRD’s Trade Facilitation Programme, will be used to issue guarantees in favour of confirming banks for pre-export and... More
NIB has signed a ten-year loan with the Norwegian utility Eviny to co-finance an investment programme to increase sub-station and grid capacity in Western Norway.The NOK1.5 billion ($135 million) loan will help finance projects carried out in the areas of Kollsnes, Mongstad and Fensfjordsbassenget... More
EBRD is providing a €25 million loan to Turk Ekonomi Bankası in Turkiye as the inaugural transaction under the bank’s new Digital Transformation Financing Facility (DTFF) aimed at bolstering the digital transformation investments of SMEs.The proceeds of the loan will finance the digital... More
GuarantCo has provided a portfolio guarantee of JOD24.8 million ($35 million) to Capital Bank of Jordan, for a portfolio of JOD88.6 million. The deal will enable the bank to grow its infrastructure portfolio which is aligned with the PIDG 2023 – 2030 strategy focused on climate adaptation and... More
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Full detailsBusiness Development Bank of Canada (BDC) has appointed Diane Lafontaine as Chief Corporate Strategy and Stakeholder Engagement Officer; and Genevieve Bouthillier as Senior Vice President, Growth and Impact Investments.Lafontaine has led BDC’s corporate strategy and stakeholder engagement... More
Giyani Metals is progressing its K. Hill manganese project in Botswana and has received the first drawdown of $5.7 million from its $16 million IDC convertible loan facility. IDC has the ability to convert the outstanding amount into shares (and shareholder loans) in Thabatala Holdings Proprietary... More
Uganda has signed a $295 million loan with IsDB for a series of infrastructure projects. The loan will go to the funding of roads in the country totaling 105km and a bridge crossing the River Nile in North West Uganda. The key projects include: the Masindi-Port Bridge where the ferry crosses... More
Deals blending public and private funds reached a five-year high of $15 billion in 2023, as some of the world’s biggest banks and asset managers entered transactions with governments to tackle climate change.The contributions represent a “directional shift” in the global blended... More
The World Bank has approved a $84 million grant from the IDA for the Afghanistan Community Resilience and Livelihoods Project, which complements $70 million in additional financing from the Afghanistan Resilience Trust Fund.The project started in 2022 with a grant of $265 million from the ARTF to... More
Egypt's Commercial International Bank is planning to get a $50 million loan from EBRD within H2 of 2024 with the aim of financing green projects.EBRD last year approved a $150 million subordinated loan to the CIB to support the latter’s Tier II capital to back its growth outlook, enhance... More
The CAMBio II program CABEI and the Green Climate Fund made the second disbursement of $1.1 million to continue supporting MSMEs in increasing their climate change resilience actions.The funds have been granted to Banco Hipotecario de El Salvador to benefit MSME clients operating in the agroforestry... More
EBRD has invested $60 million in capital notes issued by TBC Bank Georgia, participating in its public placement of a $300 million, Basel III-compliant issuance of Additional Tier 1 capital notes. The notes will be listed on Euronext Dublin. This is TBC’s first benchmark issuance since the... More