Against the backdrop of an increasingly risky economic climate and growing demand from borrowers, the development finance sector continues to push the boundaries on projects and fundraising to offset the direct and indirect dangers posed by climate change. More
LTG Link has signed a €200 million (about $213 million) loan deal with NIB and EIB to finance the purchase of electric and battery-powered trains. NIB and the EIB will provide loans of €100 million each to finance nine electric and six battery trains, which will replace about... More
Astarte Capital Partners and Silvipar have announced the final closing of their inaugural Silvipar Astarte Impact Forestry Fund (SAIFF) at $325.3 million. Originally targeting $200 million, SAIFF attracted substantial oversubscription, drawing investors from over 25 countries across five... More
The long-hoped-for first report on recovery rates from the Global Emerging Markets Risk Database (GEMs) consortium was published last month, and quickly followed by similar reports from IFC and IBRD. It's progress – but is the number crunching sufficiently granular to meet the needs of all... More
Bill & Melinda Gates Foundation and EIB have joined forces to empower women and promote financial inclusion in Kenya. Through a new partnership, they are launching a €30 million ($32.4 million) microfinance programme in the country, with €15 million ($16.2 million) funding from EIB... More
The World Bank Group has unveiled an ambitious plan to support countries in delivering quality, affordable health services to 1.5 billion people by 2030. This is part of a larger global effort to provide a basic standard of care through every stage of a person’s life — infancy,... More
Honduras has launched the first bidding process for five highway tranches within the framework of the "Honduras Resilient Roads Program (PCR-HN)" financed by CABEI.The rehabilitation and improvement of this tranche of the Danlí-Trojes road is 78km long and has been divided into... More
BlueOrchard has added two new investors, BII and the Nordic Development Fund, to the InsuResilience Investment Fund Private Equity II (IIF PE II). BII has committed $15 million with NDF committing $13.5 million and an additional $1 million as a grant for the fund's technical assistance facility.... More
DFC has granted a $4 million investment to Regenera Ventures I, an impact investment fund focused on promoting ecosystem regeneration in Mexico. Created with support from the USAID in Mexico, Regenera Ventures I is a fund led by women, aiming to support companies adopting regenerative practices that... More
EIB and the Government of Ukraine have established a strategic cooperation framework to support Ukraine's reconstruction, recovery, and EU integration efforts. This collaborative partnership will focus on crucial public and private sector initiatives, which will be funded through the EIB's... More
EG Capital, a growth investor focused on mezzanine debt investments for SMEs and mid-cap companies in East Africa and Zambia, says new partners will be joining the EG-Economic Empowerment Fund (EG-EEF) to support groups within the food, climate, health and education sectors.With two investments... More
IFC and Amundi have closed the SEED Fund (Sustainable Emerging Economy Development Debt). This fund, which is a sub-fund of Amundi Planet II, SA SICAV-RAIF, was launched in 2021 during COP26 in Glasgow and has raised $436 million from institutional investors.IFC, Alecta, Cassa Depositi e Prestiti,... More
Divani Caravel, Leof. Vasileos Alexandrou 2, Athina 161 21, Greece
Join us on a mythical adventure through all things impact and development finance as we travel to the historic city of Athens for the first time!
Full detailsEBRD has provided a loan of PLN58.9 million ($14.7 million) to Nrep Nordic Strategies Fund IV's Polish subsidiary. This loan will finance Nrep's innovative flexible living property, known as Noli Studios, marking their first property of this kind in Poland.Noli Studios provide privacy while... More
The government of New Zealand has committed $25 million to ADB's Energy Transition Mechanism Partnership Trust Fund to support the shift toward clean, sustainable energy in Southeast Asia.The ETMPTF pools concessional funds from financing partners to finance critical groundwork such as... More
Acre Impact Capital has received interest from a large pool of investors for second closing of its Export Finance Fund 1 — with investors already at various stages of due diligence — after announcing first closing this week. The fund, with commitments of $100 million at first... More
The first EIB project in Bhutan will support new solar PV and hydropower schemes under the EU’s Global Gateway initiative.The 30-year loan for €150 million ($160 million) will unlock an estimated 310MW of new renewable energy generation to serve communities in remote regions. The... More
IBRD issued three catastrophe bonds that finance $420 million of insurance coverage for the Government of Mexico against named storm events along the Atlantic coast of Mexico and earthquake events. The cat bonds replace and increase by $60 million the previous cat bonds for these perils.The cat... More
The Development Bank of Kazakhstan (DBK) has launched its first sustainability Eurobonds, becoming the first non-sovereign issuer in the CIS to do so in local currency.With the support of the Astana International Financial Centre’s (AIFC) and Green Finance Center, the DBK raised KZT100 billion... More
The Green for Growth Fund (GGF) and OeEB have announced an investment of €19.8 million (about $21 million).The investment by Austria's development bank, its fifth transaction with GGF, replaces the expired initial agreements signed ten years ago. The Green for Growth Fund invests in... More
IBRD has priced a NOK3 billion ($273.5 million) floating rate Sustainable Development Bond that matures on October 26, 2029. The bond offers a quarterly coupon of three-month NIBOR + 19 bps and was priced at 100%. Nordea acted as sole lead manager for the transaction. More