In her first interview since her appointment on 7 May, Shona Tatchell, the new head of trade and supply chain finance, European Bank for Reconstruction & Development (EBRD) Trade Facilitation Programme (TFP), discusses her unusual journey to the role, and how she is well placed to help champion... More
EBRD is financing the construction of a 10MW solar power plant in the Feriana region of Tunisia.The financing package entails a €3.9 million EBRD loan and up to €1 million in concessional funding from Finland under the EBRD’s High Impact Partnership on Climate Action to Centrale... More
EBRD is extending an unfunded portfolio risk-sharing facility to Ukraine’s OTP Leasing to unlock €80 million (about $87 million) of new leasing finance for Ukraine’s business sector amid the ongoing war waged by Russia. EBRD’s facility will cover up to 50% of OTP... More
Could the recent rapid growth in untied ECA lending make collaboration with DFIs and MDBs easier in the future? More
IDB Invest will provide financing of up to $5 million to Farmacias Corporativas (Farmacorp), one of the largest pharmacy chains in Bolivia, to increase access to medical and hospital supplies and other pharmaceutical products, while bolstering the health sector in the country.Farmacorp is expected... More
EBRD and the EU are stepping up their support for Armenian MSMEs to help them become more competitive, both domestically and internationally, and to reduce their carbon footprint. EBRD is providing a $7 million loan to Inecobank for on-lending to Armenian firms, while the EU is complementing... More
EBRD is boosting its support for MSMEs in Armenia by extending new financing to Armeconombank.The EBRD’s loan of up to $10 million (€9.2 million) will be provided in Armenian drams under the EBRD’s SME Local Currency Programme and is supported by a 12.5% first-loss risk cover... More
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
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Full detailsIBRD 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