IFC has extended $300 million to Pakistan’s Reko Diq copper-gold mine. This could suggest that DFIs are expanding their support for the minerals industry as demand ramps up. But geopolitical tensions and development timelines stand as obstacles to dealmaking. More
Argentina has secured a major investment programme with the support of the World Bank, the IMF and the IDB. This is a step on from the economic crisis that engulfed the country in 2023, but prospects are still precarious. What role will development finance have amid President Milei’s government... More
The European Commission and IFC have signed a guarantee agreement to fund the Global Gateway and support private sector investments, job creation and economic growth across the world. The initiative will focus on EU enlargement countries, the Eastern and Southern Neighbourhood, sub-Saharan Africa,... More
US Treasury Secretary Scott Bessent has urged Asian Development Bank President Masato Kanda to take concrete steps towards ending loans to China."Secretary Bessent urged President Kanda to take concrete steps towards putting China on a clear path to graduation from ADB borrowing and emphasised... More
The International Development Association has approved a $50 million grant for the second installment of the Haiti – Resilient Landscape Project. This project adopts a comprehensive multisector landscape approach, integrating agriculture, environment, and water management to ensure sustainable... More
FMO has sold its outstanding loans in Compagnie d’Electricite du Senegal (CES) to Kebe Capital. CES operates the Sendou coal-fired power plant near Bargny, in southern Dakar.FMO is now no longer a lender to the Sendou project, effectively closing its final active coal investment. Since... More
IDB Invest provided a convertible loan of up to MXN500 million (around $24.4 million) to Xante, a proptech subsidiary of the housing developer Vinte, which specialises in the purchase and sale of used homes in the low- and middle-income segments.The convertible loan will allow Xante to expand its... More
EIB is stepping up its support for the water sector in Tunisia with two new loans totalling €30 million (over $34 million).The funding is comprised of a €22 million finance contract signed with Societe nationale d’exploitation et de distribution des eaux (Sonede) and an €8... More
IDB Invest and JICA signed a financing agreement of up to $20 million with Banco Solidario to facilitate access to resources for women microentrepreneurs in Ecuador. The financing consists of a senior loan of up to $10 million from IDB Invest, which includes a parallel loan of up to $10 million... More
The International Development Association has approved $24 million to support Dominica in its efforts to strengthen domestic revenue mobilisation, enhance financial sector resilience, and promote biodiversity conservation and disaster preparedness.Dominica possesses exceptional biodiversity and... More
EBRD is extending a loan of up to $10 million in local currency to Azerbaijan’s Bank Respublika, which will lend the proceeds on to MSMEs in the country.This loan seeks to boost the competitiveness of the private sector by providing medium-term local currency funding to Azerbaijani businesses.... More
IFC, as anchor investor, alongside BII and MetLife, is investing $60 million in Nepal’s first green bond issuance by NMB Bank.The landmark collaboration will support SMEs involved in sustainable financing projects, create around 8,000 jobs over the next five years, and help accelerate... More
EIB has granted PLN2.25 billion (about $597 million) to Polish utility PGE to support renewable energy production. The loan will allow PGE to develop its network of photovoltaic installations throughout the country and to modernise an existing pumped-storage power plant.The seventh agreement between... More
EBRD is boosting energy security in Ukraine by lending €270 million (over $306 million) to the state-owned gas entity, Naftogaz. EBRD's investment will finance emergency gas purchases for the next two heating seasons. Norway is complementing the sovereign-guaranteed loan with a... More
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Full detailsTurkey is looking to secure around $41 billion in long-term and low-cost project financing from international institutions over a three-year period.Treasury and finance minister Mehmet Simsek said the country was working with the World Bank, IFC, EBRD, AIIB, IsDB and EIB "to strengthen our... More
EIB has announced a €7 million contribution from Ireland to the EU for Ukraine Fund – a complementary instrument established by EIB to support Ukraine’s recovery and rebuilding efforts.This new contribution brings the total size of the fund to more than €410 million. With... More
Proparco and Isbank have signed a financing agreement to support Isbank's climate and entrepreneurship activities. The €100 million credit line will enable Isbank to develop its climate portfolio and to achieve its environmental goals. The funding will also enable Isbank to support SMEs,... More
EBRD is helping women-led MSMEs in Kazakhstan by extending a new term loan to leading microlender KMF.The EBRD funds of up to $25 million (€22.9 million) will help to promote women’s entrepreneurship and business activity by assisting with access to finance, knowledge sharing and... More
OPEC Fund has signed new partnership and financing agreements during its participation in the 2025 World Bank-IMF Spring Meetings.New financing commitments of almost $200 million and expanded partnerships will reinforce the OPEC Fund’s strategic operational priorities across climate action,... More
IDB and Interpol have signed a letter of intent to launch a new partnership focused on building capacities in law-enforcement agencies to address organised crime in Latin America and the Caribbean. The agreement builds on Interpol's existing role as a partner in the Alliance for Security,... More