The government of Bangladesh and the World Bank have signed a $300 million financing agreement to help the country strengthen its local urban institutions to respond to and recover from the COVID-19 pandemic and improve preparedness to future shocks.The Local Government COVID-19 Response and... More

IDB has approved a $100 million guarantee for Barbados with the aim of promoting environmental sustainability and economic development. The 20-year guarantee is intended as a long-term instrument to finance measures related to sustainability and marine conservation and is structured as a... More

The US Trade and Development Agency has awarded a grant to Aboitiz Renewable to allow the firm to do a feasibility study to develop up to 3GW in an offshore wind project in the Philippines. Secretary of State Anthony Blinken has said that the US government will support the Philippines’... More

TBC Bank Uzbekistan has received a further $35.1 million from EBRD, IFC, and TBC Bank Group. Investments in TBC UZ aim to boost the operational growth of the established private market player, promote international standards of corporate governance in the banking sector, and strengthen the digital... More

EDB has lent AED2.4 billion ($653 million) to the UAE’s industrial sector in the first half of 2022, marking a 418% increase on last year. Of this amount, AED351 million ($95.5 million) was mobilised to support SMEs via its credit guarantee scheme, a 109% increase from the year prior. More

IFC is loaning $45 million to Ecuadorian shrimp exporter Industrial Pesquera Santa Priscila with the aim of improving the shrimp sector’s resilience. The financing will support the expansion of IPSP’s farms and improve their automation and productivity, as well as replace diesel... More

Mortgage lender Housing Development Finance Corp has raised the world’s biggest social loan - $1.1 billion - to fund affordable housing in India. The external commercial borrowing (ECB) is priced at a margin of 90bp over SOFR. MUFG, CTBC Bank, Mizuho Bank, State Bank of India and SMBC were... More

The Eurasian Development Bank will provide up to $37 million to finance the construction of 11 solar power plants with a total capacity of up to 65MW in the Gegharkunik and Aragatsotn Regions of Armenia.All the facilities are scheduled to be commissioned this year. The investment will be repaid from... More

AFD is providing €50 million to Guinea to finance the construction of a solid waste landfill on a 100ha site in Baritoda, in the rural council of Kouria, about 50km from the capital Conakry.The EU will also provide a grant of €20 million for the project, which will be built by the National... More

JICA has signed a grant agreement of up to JPY1,879 million ($14 million) for the Project for the Enhancement of Food Production Capacity in Afghanistan. The agreement was signed with the Food and Agriculture Organization of the United Nations (FAO) and will be distributed to 11 provinces in the... More

The European Commission (EC) has approved more than €31 million through REACT-EU under the EDRF for four Polish regions to alleviate economic and social infrastructure strains along with measures to welcome Ukrainian refugees.The voivodeship of Silesia will receive €12 million for... More

QLM Technology, a Cardiff-based photonics technology company, has announced the closing of its Series-A funding and the signing of a Collaboration Agreement with Schlumberger.In addition to lead investment from Schlumberger, existing investors Green Angel Syndicate, Enterprise100 Syndicate,... More

The Eurasian Development Bank and Tashir Group have agreed to develop cooperation in the EAEU+ in metallurgy, telecommunications, energy and other sectors.EDB also agreed to finance infrastructure modernisation and the manufacture of metering devices as part of a programme to implement international... More

Proparco has granted a $3.95 million portfolio guarantee to Vitas Group, marking its first operation within the microfinance sector in Iraq. Vitas aims to respond to the estimated $70 billion financing gap in Iraq’s private sector, with just 5% of MSMEs reporting to have received a loan from a... More

Barbados will promote environmental sustainability and economic development with a $100 million guarantee approved by the IDB that will allow the country to create a long-term instrument to finance measures related to sustainability and marine conservation.The government has set a target of 30% of... More

Impact fund Summa Equity is opening its first office outside Europe - in Palo Alto, California. The expansion follows close on its third fund, a €2.35 billion impact fund, in January 2022. Summa has offices in Oslo and Munich and invests in companies that are solving global challenges and... More

The EBRD will provide a working capital revolving loan of up to €30 million ($30.6 million) to Romania's Premier Energy, a gas distribution network operator and gas supplier.The loan will enable Premier Energy to finance the increased value of gas contracts caused by the gas price surge... More