The Maldives Ministry of Environment, Climate Change and Technology held a market sounding session for its 20MWp solar PV and 37MWh battery energy storage system (BESS) PPP projects last week. Bids from over 80 potential developers are due on the solar element by 10 August. ADB is supporting... More

IFC has named Abdullah Jefri as its new senior manager for the Gulf Cooperation Council — excluding Saudi Arabia.He will work with public and private partners to promote investment in developing countries, help diversify GCC economies, and advance projects that tackle climate... More

The World Bank has approved a $255 million loan to support a program that will reduce methane emissions, improve irrigation and drainage services, and provide agricultural support for climate-resilient rice production in Hunan province, China’s largest rice production area.The Methane-Reducing... More

IDB Invest raised €500 million through a seven-year, fixed-rate benchmark bond. This is IDB Invest’s second euro-denominated bond and its longest benchmark bond to date.The seven-year bond pays an annual coupon of 3.125% and is priced at mid-swaps plus 21 basis points, equivalent to 97.3... More

EIB and FONPLATA have signed a MoU to explore new financing opportunities to cooperate on climate change resilience, sustainable cities and extreme poverty reduction.The memorandum of understanding reinforces the good working relationship between the EIB and FONPLATA. In 2018, the EIB signed a loan... More

The World Bank has approved $300 million in additional financing for the project Promoting Access to Financing for Productive Purposes for MSMEs, implemented by Ecuador’s National Finance Corporation. The new resources will be used to increase the number of loans, beneficiaries and impact... More

Caixa Geral de Depositos and EIF have signed a guarantee agreement to mobilize €378 million ($403.8 million) to improve access to finance for Portuguese SMEs.The agreement, supported by the InvestEU program, aims to leverage the financing of eligible companies in Portugal and targets 7 thematic... More

The Government of Nepal and the World Bank have signed a $120 million concessional loan deal from the International Development Association and a grant agreement for $19.7 million from the Global Partnership for Education for the School Sector Transformation Program Operation, which support the... More

The World Bank has agreed $40 million financing for the Education Quality Improvement Project, which will help Moldova to improve the learning environment in participating institutions.The project will also benefit from co-financing grants, including $4.8 million from the Global Partnership for... More

Uzbekistan is due to launch the tender to prospective developers for the construction of the Fergana hospital in Uzbekistan at the end of June. The DBFM/PPP project - an 800 bed multi-profile hospital - is estimated to cost over $100 million and might have a debt/equity ratio of 80:20. A... More

CABEI and the Agence Francaise de Developpement (AFD) have developed a Support Program for ESG Emissions Thematic Frameworks in Costa Rica.The objective of the program is to increase the awareness of issuers, investors, stakeholders and key market players about the strategic role that ESG... More

ADB and the governments of Australia and Papua New Guinea have launched a project to improve the country’s technical and vocational education and training program.The project is funded through a $50 million concessional loan from ADB and a $10.6 million grant from Australia. The Government of... More

Carbon offsetting costs could soar over 250% in the coming decade, leaving companies at risk of missing net-zero emissions targets, PwC analysts have warned. “If we get to that stage where the use of offsetting to reach net-zero targets becomes sufficiently expensive... companies will be... More

IFC has launched Anaweza: She Can, a program to empower more women across Tanzania's economy to access financing, launch or grow business, including in agriculture.The five-year, $10 million advisory program has three objectives: to enhance women's employment and access to corporate... More

The New Development Bank is in talks with Saudi Arabia on admitting the Middle Eastern nation as its ninth member. The move would strengthen the NDB's funding options amid the impact of the Russia-Ukraine conflict.The NDB - also known as BRICS bank - was established in 2015 to mobilize resources... More

EBRD aims to foster a sustainable and inclusive mining sector in Greece with an equity investment of €56 million ($60 million) in Eldorado Gold Corporation.The strategic investment will support the development of the Skouries copper and gold mine in Greece, which is operated by Hellas Gold,... More

The World Bank has given the green light to a new fisheries project in the Philippines that will positively impact over 1.15 million fisherfolk, small-to-medium businesses, and residents in coastal communities. The $176 million Philippine Fisheries and Coastal Resiliency Project (FISHCORE) aims... More

Saudi Fund for Development has signed a $45 million development loan agreement with Belize for the construction of the tertiary hospital in the Belmopan area project.The signing of this agreement is part of the efforts undertaken by Saudi Arabia, through the SFD, to support sustainable development... More