In depth
12 April 2024

GEMs: The dollars are in the details

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

News
18 April 2024

EIB's first Bhutan project will finance renewable power

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

News
18 April 2024

IBRD Issues $420m in catastrophe bonds for Mexico

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

In depth
04 April 2024

Is CCUS getting enough focus from development finance?

Carbon capture at scale is unproven and one of the more controversial technologies of the energy transition. But the IEA considers it an essential part of its Net Zero by 2050 Scenario. So is it time for development finance to get behind the tech in a serious way? More

News
18 April 2024

IBRD prices NOK3bn sustainable development bond

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

News
17 April 2024

Acre's Export Finance Fund I raises $100m

Acre Impact Capital has announced the first closing of its Export Finance Fund I, with commitments of $100 million.The fund, which has a target size of $300 million, has attracted a diverse group of investors including institutional investors, DFIs, family offices and impact-first investors such as... More

News
17 April 2024

EBRD supports expansion of Feka Automotive

EBRD has agreed a €15 million loan to Feka Automotive, a Serbia-based producer of automotive lighting. Feka, which has supply contracts with the likes of Toyota, VW and Stellantis, will use the funds to improve its overall efficiency and increase the availability of reliable lighting... More

News
17 April 2024

Qair closes financing of two Tunisian solar projects

Qair has closed financing for the construction and operation of two 10MW greenfield solar plants, located in Feriana town, in Tunisia’s Kasserine Governorate.The financing was approved by the European Bank for Reconstruction and Development (EBRD) with a total provision of €7.8 million... More

News
17 April 2024

EIB supports TEAG’s power grid expansion in Thuringia

EIB is granting a loan of €400 million (about $426 million) to expand municipal power grids in the German federal state of Thuringia. The co-financed EIB project totalling around €600 million to municipal energy supplier Thuringer Energie AG will upgrade and expand the grid in rural areas... More

News
17 April 2024

IDB funds Paraguay's San Estanislao General Hospital

IDB and Paraguay have signed a $60 million loan to strengthen health services in the San Estanislao district, north of the Eastern Region of the country. The loan will finance the design, construction, equipment, and commissioning of the San Estanislao General Hospital. The hospital will have... More

News
17 April 2024

DFC and IDB Invest to support development projects in LatAm, Caribbean

DFC and IDB Invest have launched a new co-financing framework aimed at supporting high-impact development projects in Latin America and the Caribbean. The framework will focus on financing projects in sectors such as renewable energy, transportation infrastructure, digital economy, and financial... More

News
17 April 2024

ANI, IFC partner on PPP projects in Colombia

National Infrastructure Agency and IFC are cooperating on PPP projects in Colombia. This agreement aims to support the strengthening of the regulatory framework, institutionality, and governance of PPP projects currently being promoted by the government.Several projects have already been identified,... More

Event
Jun 11 - Jun 12, 2024

Uxolo Global 2024: Development & Impact Finance

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 details
Event Session
06 March 2024
News
17 April 2024

IFC provides €75m to Ulker Biskuvi

IFC has approved an investment of €75 million ($79.6 million) in Ulker Biskuvi, designed to enhance the company's earthquake resilience and support climate mitigation and adaptation efforts.Ulker Biskuvi will use the funds to implement structural improvements at its factories in Istanbul... More

News
17 April 2024

EIB finances schools refurbishment and construction in France

EIB and the French department of Seine-Maritime have joined forces in a 25-year finance contract worth €150 million ($159.3 million) to modernize the working and learning environments of 13,000 pupils, along with their teachers and staff members, in public lower secondary schools within the... More

News
17 April 2024

Metropole Rouen Normandie secures €50m to enhance public transportation

Metropole Rouen Normandie has obtained a €50 million ($53.1 million) loan from EIB to support its public transport network. The primary objective of this funding is to offer users in the region with more efficient, affordable, and environmentally friendly mobility services.The loan will be... More

News
17 April 2024

ADB to finance healthcare in Georgia

ADB has approved a €46.3 million ($50 million) policy-based loan to enhance the healthcare system in Georgia.Through the Health Sector Enhancement Program, the ADB will disburse the financing once the government implements a series of reforms. These reforms will focus on improving governance... More

News
17 April 2024

World Bank names new MENA VP

The World Bank has appointed Ousmane Dione as its new VP for the MENA region.In Dione’s most recent position as Country Director for Eritrea, Ethiopia, South Sudan, and Sudan, he led a major expansion of the bank’s engagement, overseeing a portfolio of $17.5 billion. Under his... More

News
16 April 2024

SBM and TDB signs collaboration MoU

SBM Bank (Mauritius) and the Eastern and Southern African Trade and Development Bank Group (TDB) have signed a memorandum of understanding (MoU) to collaborate on joint business opportunities and co-financing agreements with TDB Asset Management (TAM), and the implementation of joint capacity... More

News
16 April 2024

Atlante to expand electric vehicle charging infrastructure in Italy

Atlante has been granted funding for the third time from the EU's Alternative Fuels Infrastructure Facility (AFIF) financing program. The latest grant amounts to €17.2 million ($18.3 million), following previous awards of €23 million ($24.4 million) in 2022 and an additional €49.9... More

News
16 April 2024

IFC supports SMEs in Georgia

IFC is increasing access to finance for SMEs in Georgia through a new $10 million loan agreement with Isbank Georgia.According to the World Bank's Enterprise Surveys 2023, access to finance stands as the third major constraint for businesses in Georgia. IFC's collaboration with Isbank... More