It has been a year since Export-Import Bank of Korea (Kexim) set up a development finance operation. Hwang Kiyeon, senior executive director and board member at Kexim, sheds light on Kexim's new development finance products and approach, and how they differ from traditional ECA offerings. More
The European Bank for Reconstruction and Development (EBRD) is helping Uzbekistan to further decrease its reliance on carbon-intensive thermal-power generation and will facilitate the country’s transition to a low-carbon economy by providing funds to construct a solar plant in the Khorezm... More
The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to €20 million to the government of Montenegro to improve the energy efficiency of 24 educational buildings in the country. The funds will be channelled through the Ministry of Education, Science and... More
Lila Granda talks strategy in her first interview since her appointment as head of political risk & credit at Vantage Risk. How does the company work with MDBs and DFIs? How do fronting solutions help? What is the role of CPRI in sustainable infrastructure finance, longer tenor deals, and above all,... More
The Independent Complaints Mechanism (ICM) of DEG, FMO, and Proparco is pleased to announce the appointment of Marina d’Engelbronner-Kolff as its new Independent Expert Panel Member. She will assume her responsibilities on 1 November 2024. More
Proparco has announced its participation, alongside Africa Finance Corporation (AFC) and Eastern and Southern African Trade and Development Bank (TDB), as anchor investors in Ecobank’s $400 million Sub-Saharan African bond issuance.As development partner of Ecobank Transnational Incorporated... More
The Instituto Costarricense de Puertos del Pacífico (INCOP) has published the tender notice for the Puerto Caldera Infrastructure and Equipment Modernization Project. The public-private partnership (PPP) aims to provide a modern, efficient and sustainable port that meets the demands of... More
IDB Invest has signed two loans totalling $85 million for Brazilian credit cooperative Cresol. Proceeds will expand credit for low-income individuals and micro, small, and medium-sized enterprises (MSMEs). A $25 million loan will go to the cooperative Central Sicoper, and $60 million to the... More
Brisanet and Alloha, the two largest internet service providers in Brazil, have secured nearly BRL400 million ($69 million) in financing from BNDES to expand their fibre networks.Brisanet was approved BRL200 million in a loan sourced from Fust, the telecoms services fund managed by BNDES. Proceeds... More
JICA has signed a JPY2.836 billion ($18.5 million) grant for the government of Laos’ Project for Improvement of Vientiane International Airport. The upgrade project includes expansion of the passenger terminal building and repair of aprons and taxiways. The project is expected to be completed... More
Asian Development Bank (ADB) has signed a $50 million loan (in yuan equivalent) for Canvest Environmental Protection Group to develop a WTE plant at Huizhou City, China, and to expand municipal solid waste management services in Quyang County.China is one of the world’s largest sources of... More
African Development Bank (AfDB) has approved a $75 million sustainability-linked loan to support the African operations of Export Trading Group (ETG). The package includes $65 million from AfDB along with $10 million in concessional co-financing from the Agri-Food Catalytic Financing... More
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Full detailsAsian Development Bank (ADB) has approved an $80 million loan to enhance secondary education in Cambodia. The Secondary Education for Human Capital Competitiveness Project will expand the number of inclusive climate-resilient school facilities – including an additional 400 classrooms –... More
The EIB is lending CZK7.61 billion ($330 million) to Czech national railway operator Ceske drahy to buy 180 passenger coaches and 20 electric locomotives, and retrofit 219 existing coaches and locomotives with the European Rail Traffic Management System (ERTMS).The loan complements grants under the... More
Namibia has moved funding allocated for railways in its 2024 budget to other projects. NAD2.1 billion ($119 million) will be reallocated due to low execution rates on capital projects. For the 2024/25 financial year, the government initially allocated NAD2.5 billion towards railway... More
EBRD is providing Ukrainian pet food producer Kormotech with financing to construct a second pet food plant in Lithuania.The €63 million project is being financed via a syndicated EBRD A/B facility of €40 million, of which €20 million will be provided by ILX Fund. The loan will be... More
African Development Bank (AfDB) has approved a $54 million loan for Mozambique's first utility-scale wind power project. The financing includes $12 million from the Sustainable Energy Fund for Africa. Additional support is expected from IFC, DFC, the Emerging Africa and Asia Infrastructure... More
ACWA Power has received a $240 million Islamic equity bridge loan for the development of projects in Uzbekistan's renewables sector.The financing is structured as a murabaha, comprising an A-Loan of up to $227.75 million and a $12.25 million trust loan through IFC's Managed Co-Lending... More
AfDB has approved an $8 million concessional loan to support the construction of a 25MW solar photovoltaic power plant in Zambia. The financing for the Ilute Plant will be sourced from the Sustainable Energy Fund for Africa, a multi-donor Special Fund managed by the bank.Serengeti Energy and... More
Red Electrica's project to build the Salto de Chira pumped-storage hydroelectric power plant in Gran Canaria has received a €300 million ($325 million) EIB loan.The plant will use a system of two water reservoirs at different heights to store or deliver energy from renewable energies... More