In depth
19 July 2024

Guarantees: Are MDBs going to get their ducks in a row?

Guarantees demonstrably catalyse private capital mobilisation in emerging markets. So why do MDBs use them so sparingly? The problem is institutional incompatibility. More

News
24 July 2024

Recurrent taps EIB for solar debt

Recurrent Energy, has reached financial close on a €50 million ($54 million) loan from the EIB. The facility will support the development and construction of a solar portfolio in Italy. The €50 million five-year term loan is the first Recurrent has raised from the multilateral.Recurrent... More

News
24 July 2024

Swiss Re and Goodcarbon partner on carbon credits insurance

Swiss Re and the nature-based projects marketplace Goodcarbon have partnered on a new carbon credits insurance programme.  It will initially be available to afforestation and reforestation projects with a delivery timetable of up to five years. Every guaranteed project will place a small... More

In depth
05 July 2024

Tanzania: How to grow a green capital market

Tanzania tapped its first ever green bond in 2023 and laid a seedbed for this year's even bigger green issue, and its first municipal bond. The notes are viable routes to plugging the country’s green infra gap – but only due to capital market capacity building, new policy and critical DFI... More

News
24 July 2024

CAF expands shareholder base

CAF is expanding its shareholder base with the incorporation of Antigua and Barbuda as a member with Class C shares. This will allow the country to access the technical, financial and knowledge services that CAF offers to member countries.The move is symptomatic of CAF's steps towards closer... More

News
24 July 2024

EBRD supporting MEPSO transmission project

The EBRD is providing a loan of up to €26.4 million ($28.62 million) to state-owned Macedonian Transmission System Operator AD (MEPSO).The loan will be used to fund the construction of a 400/110 kV substation near Miletkovo and a new 110 kV overhead transmission line (OHTL) connection, and to... More

News
24 July 2024

IDB invests in social services in Haiti

The Inter-American Development Bank (IDB) has approved $110 million from its Grant Facility (established for Haiti in 2007 and financed by income of the Fund for Special Operations) to improve food security, health, and the inclusion of vulnerable children and youth in Haiti.  The initiative will... More

News
24 July 2024

ADB approves policy-based grant to Tajikistan

Asian Development Bank (ADB) has approved a $50 million policy-based grant under the The Enabling Climate-Responsive Business Environment Improvement Program to help the Government of Tajikistan foster a climate-responsive business environment and support small and medium-sized enterprises (SMEs) in... More

News
24 July 2024

EBRD providing risk-sharing for Intesa Bosnia loans

The EBRD has signed a first risk-sharing framework facility for Intesa Sanpaolo Banka D.D. Bosna i Hercegovina.The framework is designed to allow the EBRD to share partner banks’ exposure to local enterprises through an unfunded risk participation, which is similar to a guarantee. The EBRD... More

News
24 July 2024

ADB backs Nagpur metro project

Asian Development Bank (ADB) has approved a $200 million loan  to expand metro rail corridors and improve transport connectivity in Nagpur, India.The Nagpur Metro Urban Mobility Project comprises four metro rail corridors: Automotive Square to Kanhan, Prajapati Nagar to Transport Nagar, Khapri... More

News
24 July 2024

MIGA provides cover for loan to Codelco

MIGA has issued a 15-year guarantee to Credit Agricole covering the risk of non-honouring of financial obligations by a state-owned enterprise (NHFO-SOE) on a $532 million loan to Chilean state-owned copper miner Codelco.The long-term debt will cover Codelco’s payment obligations under five... More

News
24 July 2024

BADEA launches AAFC

The Arab Bank for Economic Development in Africa (BADEA) launched the Arab-Africa Financial Consortium (AAFC) on 21 July. The AAFC aims to unite African and Arab multilateral financial institutions (MFIs), development finance institutions (DFIs) and sovereign wealth funds to establish an alternative... More

Event
Oct 2 - Oct 3, 2024

Asia 2024: Agency, Energy & Infrastructure Finance

Marina Bay Sands, Singapore

A networking super-highway for the agency, energy & infrastructure finance world!

Full details
News
23 July 2024

IFC backs V4C Poland Plus II private equity fund

IFC is investing up to €15 million ($16.25 million) into Value4Capital's new V4C Poland Plus II private equity fund to bolster lower mid-market companies in Poland, Romania and broader CEE.Closing on €110 million with IFC support, the fund is striving to reach its €140 million... More

News
23 July 2024

BNDES announces two major infrastructure financings

BNDES has announced two large financing packages for the equivalent of $2.7 billion to support local infrastructure company CCR and aircraft manufacturer Embraer.BNDES – alongside Santander, Itaú  and Bradesco – will provide BRL10.75 billion ($1.9 billion) to fund CCR’s... More

News
23 July 2024

IFC provides sustainability-linked loan to Ayala Land

IFC is partnering with Ayala Land Inc. (ALI) on its first sustainability-linked financing package.IFC is investing up to PHP14.5 billion ($250 million) in the form of a sustainability-linked loan for (ALI). The loan is linked to two specific sustainability performance targets: the first is to... More

News
23 July 2024

JICA provides ODA loan for Cambodian road project

JICA has signed a JPY8.293 billion ($53 million) ODA loan agreement with the Cambodian government for the National Road No.5 Improvement Project (Thlea Ma’am-Battambang and Sri Sophorn-Poipet sections) (III).The 30-year loan is priced at 40bp over TORF and includes a 10-year grace period.The... More

News
23 July 2024

JICA backs Senegal hospital expansion project

JICA has signed a grant agreement with the Government of Republic of Senegal to provide grant aid of up to JPY3.724 billion ($23.85 million) for the expansion of the Regional Hospital of Thies.The project – which includes 32 months of construction and the maintenance contract for medical... More

News
23 July 2024

13 SDGs underrepresented with funds

New research conducted by Oxford Risk, a behavioural finance firm, and ESG data provider Impact Cubed, has found that 13 out of the 17 UN SDGs are significantly underrepresented in the investment marketplace, highlighting a misalignment between providers and retail investors.The research integrated... More

News
23 July 2024

RE&UP closes on financing for textile recycling project

Proparco has granted RE&UP Recycling Technologies – a circular-tech textile recycling venture of SANKO Group – a €70 million senior loan to finance an increase RE&UP’s textile recycling capacity in Gaziantep, Turkey. The project will include building a new... More

News
23 July 2024

IDB and Fedecredito back El Salvador's first social bond

IDB Invest has partnered with Fedecredito, a cooperative of financial intermediaries, to support the issuance of El Salvador’s first social bond. The issuance will total $80 million, with the initial tranche set at up to $40 million. IDB Invest will subscribe up to $20 million, with the... More