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

IFC has invested $6 million in Midas, a digital brokerage company in Turkiye, to accelerate digitalization in the country's brokerage industry.IFC participated in one of the country's largest Series A fundraising rounds, which raised a total of $45 million, alongside lead investor Portage... More

Georgia is aiming to partner with ADB to supply Europe with green energy from Azerbaijan via the Black Sea cable project.Lasha Khutsishvili, Georgia's finance minister, highlighted the necessity for ADB and other development partners to prioritize flexibility and decisive action in addressing... More

BII has appointed Daniel Hanna to its board as a non-executive director.Hanna has two decades of banking experience with a particular focus on climate and sustainable finance. He is currently the Global Head of Sustainable Finance at Barclays which has a commitment to mobilise a trillion dollars 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

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