Mexico plans to nominate the former head of the United Nations' regional economic body, Alicia Barcena, to head the IDB.Barcena, former executive secretary of ECLAC, the UN's Economic Commission for Latin America and the Caribbean, would be a candidate to replace the bank's former... More

EBRD is providing a $15 million loan to the Tashkent Pipe Plant, Uzbekistan’s leading private producer of prefabricated steel products.The loan will allow TPP to launch the production of longitudinal submerged arc-welded pipes and gradually reduce the output of the spirally submerged... More

Afreximbank Trade Payment Services has been officially launched.AfPAY is designed to facilitate the settlement of international trade on open account terms on behalf of identified African financial institutions and their clients. Afreximbank developed the product specifically to address the banking... More

IDB is providing a $195 million loan to the Honduras to tighten accountability, enhance transparency, and improve its integrity policies and corruption control systems.This operation will design and adapt an online data display platform to promote more transparent budgeting and public spending. It... More

The AIIB has launched its second Sustainable Development Bonds Impact Report.The report illustrates how the proceeds from AIIB’s bonds are used to realize AIIB’s mission to finance Infrastructure for Tomorrow. The report offers investors a view of the sustainable nature and impact of... More

IDB approved a $106 million loan to help tourism industry in El Salvador.The loan will make the sector more competitive by increasing per-visitor spending, creating new jobs, and reducing gender gaps among its workers. It also aims to make the country’s tourist destinations more... More

EIB is supporting heating systems manufacturer Vaillant Group with a €120 million ($115.5m) million loan.The loan will support the company’s ongoing investments into research, development and innovation related to modern heating technologies. The project will be implemented primarily at... More

CABEI, with the support of KfW and the EU through its Latin American Investment Facility through the tripartite Green MSMEs initiative, will finance the preliminary studies, analysis, and design of plans for the implementation and assembly of the "Aguas Calientes" solar photovoltaic... More

IDB Invest and IFC are working with Hydrogene de France (HDF) and Rubis to support the development of a landmark green hydrogen power plant in Barbados.Renewstable Barbados will be a 50MW solar generation facility with green hydrogen and lithium-ion battery storage that will provide firm and clean... More

Saudi Fund for Development has signed a $63 million development loan agreement to finance the first phase of Dakar-St. Louis coastal road project in Senegal.The agreement aims to build a highway with two lanes, a width of 25.6 metres and length of 12km. This road project will include overhead... More

Deloitte has announced a $1.5 billion investment in social impact focused on three areas: education and workforce development, financial inclusion, and health equity.Deloitte says it will support community-driven change by strengthening local efforts, bringing together key decisionmakers, and... More

IDB's Office of the Secretary has notified the bank's governors that the process to nominate candidates to be its next president is now open.IDB Governors can nominate candidates within the next 45 days. It comes after the lender voted to fire its president Mauricio Claver-Carone.The... More

ADB is supporting knowledge and technical assistance building in its developing member countries in the Central and West Asia region.The project will be funded with a $500,000 TA special fund. The TA project supports the Knowledge Management Action Plan, of ADB and the KMAP Roadmap of its Central... More

CABEI has signed its first financing agreement for €46.7 million with Cuba to strength its biopharmaceutical industry and combat Covid-19.The initiative aims to produce 200 million doses of vaccines and higher levels of economic productivity through the development of new medicines and... More

EBRD is providing a $50 million syndicated loan to Akbank to improve the ability of Turkey’s banking sector to finance women-led businesses.The loan is a follow up to the EBRD’s TurWiB II initiative with Akbank, and aims to build on the success of the Women in Business credit line... More

ADB has released its inaugural climate-related financial disclosures report.The Climate-related Financial Disclosures 2021 report outlines ADB’s progress on implementing the recommendations of the Task Force on Climate-related Financial Disclosures.The TCFD was established in 2015 by the... More

IDB approved a $200 million loan to support early childhood in Argentina.The loan plans to expand access and improve the quality of care in early childhood facilities and kindergartens for initial education. The program includes refurbishment and construction of early childhood centers and... More