The IMF has approved hybrid capital as an eligible instrument for channeling of Special Drawing Rights (SDRs) in a move to help unlock new lending by multilateral development banks to address rising global challenges, including climate and food security.The SDR-hybrid-capital based solution proposed... More

Serbia is set to receive €31.925 million ($35 million) for the development of its biomass market, in a project that aims to ensure consumers are connected to district heating networks. This is the second phase of the programme, the first of which is expected to end this year. KfW is... More

Nigeria is advancing plans to set up a Regional Maritime Development Bank.With an envisaged capital base of $1 billion, RMDB is set to boost the region’s maritime industry and stimulate economic growth across West and Central Africa. RMDB will support maritime infrastructure, facilitating... More

ADB has approved a $148.5 million loan to help strengthen, modernize, and climate-proof the distribution system to enhance reliability, quality, and resilience of electricity supply in Sikkim, India.The project will upgrade and modernize Sikkim’s power distribution system by upgrading it with... More

IBRD issued a new catastrophe bond that finances $175 million of additional insurance protection for the government of Mexico against named storm events occurring on the Pacific side of the country.This bond significantly expands Mexico’s coverage for Pacific hurricane risk from the recently... More

IDB Invest raised A$600 million ($400.6 million) through a five-year fixed rate green bond. This is IDB Invest’s third public benchmark in the Australian market and its largest kangaroo bond to date. The net proceeds of the bond will be used to finance eligible projects under the green... More

EBRD is extending a €16 million ($17.4 million) sovereign loan to the government of Georgia to continue modernising its solid waste management and financing infrastructure, converting the gas produced by solid waste into electricity.The loan will be complemented by a €4 million grant from... More

EBRD is promoting green and inclusive lending in Mongolia by offering funds of up to $20 million (€18.4 million) to the country’s largest commercial lender, Khan Bank.The financial package consists of a $10 million facility under EBRD’s Green Economy Financing Facility for Mongolia,... More

NIB has signed a 15-year investment loan of $50 million with Iceland's transmission system operator, Landsnet hf. The loan will be used to finance the construction of new substations, upgrades of existing substations, investments in underground cabling, and the development of new overhead lines... More

Afreximbank has secured two facilities to support trade and projects in Africa. ITFC has provided a facility of $250 million, while ICD has extended a facility of $100 million.The financing from ITFC will enable Afreximbank to offer compliant syndicated trade financing, enhancing the bank's... More

NIB has signed a second loan agreement with the Wellbeing Services County of North Savo, Finland, providing an uncommitted credit facility of €100 million ($108.4 million). The 20-year loan will be dedicated to the renovation and construction of hospital buildings in Kuopio.The North Savo WSC... More

AfDB has approved a $15 million trade finance package for First Capital Bank in Zimbabwe to help bolster intra-African commerce in line with the goals of the Africa Continental Free Trade Area.The package, comprising a $7.5 million trade finance line of credit and a $7.5 million transaction... More

EBRD and USAID have joined forces to strengthen the Trans-Caspian International Transport Route, also known as the Middle Corridor. This partnership aims to enhance connectivity between Asia and Europe by focusing on Armenia, Azerbaijan, and Georgia in the South Caucasus.Through this collaboration,... More

JICA has launched $1 billion worth of five-year Global US Dollar bonds, guaranteed by the Government of Japan.The bonds carry a coupon rate of 4.750% and have been listed on the Singapore Exchange. The net proceeds from the bond issuance will be allocated to finance both newly committed and ongoing... More

EBRD is improving access to finance for young entrepreneurs in Uzbekistan by providing funds to privately owned financial institution, Davr Bank.Davr Bank will join EBRD’s Youth in Business programme, which was launched in 2023. EBRD’s senior loan of up to $15 million will boost youth... More

Latin American devlopment bank CAF has announced a package of measures with the potential to reach BRL3.8 billion ($746 million) in financial resources to support the reconstruction of Rio Grande do Sul after the record-breaking rains in the Brazilian state.CAF provided a donation of BRL1.25 million... More

EBRD is lending €236 million (over $256 million) to Armenia to finance the construction of the southern section of the Sisian-Kajaran road.This is the largest road infrastructure project ever financed by the EBRD in Armenia. It was previously complemented by technical cooperation funding... More