EU Finance Ministers have voiced their unanimous support for Nadia Calvino to assume the role of President of the EIB. The decision was reached during discussions among the ministers, who act as EIB Governors, at the EU Economic and Financial Affairs Council meeting in Brussels.Calvino, the First... More

Transition Industries has signed a Joint Project Development Agreement with the IFC to jointly develop its Pacifico Mexinol project, a 6,145 MT per day methanol production facility near Topolobampo, Sinaloa, Mexico.Under the terms of the JPDA, the IFC will share a portion of the project development... More

Africa Finance Corporation and Cassa Depositi e Prestiti have signed a €50 million ($54 million) loan facility. The financing will play a pivotal role in supporting AFC's investments in renewable power, energy-efficient projects, and climate-resilient infrastructure.The ten-year facility is... More

The EIB and Ferrovie dello Stato Italiane are set to invest €500 million ($542.9 million) in upgrading rail services in Campania and Lazio regions. The initiative aims to bolster sustainable mobility by acquiring electric trains, fostering a modal shift towards rail transportation.The EIB has... More

ADB has approved a $40 million grant to help the government of Tajikistan strengthen science, technology, engineering, and mathematics (STEM) subjects in secondary education, including developing climate change awareness and promoting girls’ participation in STEM studies.The project will... More

The NIB and Iceland's Landsbankinn hf. have solidified a new loan programme, totalling $75 million, dedicated to supporting SMEs and environmental initiatives in Iceland.The seven-year programme is tailored to address credit constraints for SMEs operating in crucial sectors like fishing, real... More

The UK Government has announced an expansion of funding for climate projects, including the UK-IFC Market Accelerator for Green Construction Program, to significantly elevate green construction practices in over 20 emerging and developing economies.This expansion will provide an additional £36... More

The International Islamic Trade Finance Corporation has signed two Murabaha financing agreements, each valued at $20 million, with Vakif Katilim Bank and Ziraat Katilim Bank.The total $40 million will be employed to support the trade financing needs of the private sector and SME clients of Ziraat... More

ADB has approved a $200 million loan to further support the Philippines in delivering high quality, inclusive, climate-resilient, and low-carbon public infrastructure. The aim is to boost economic growth and improve Filipinos’ access to jobs, markets, and public services such as education and... More

The World Bank approved a $200 million loan to support Chile's universal primary care program, an essential component of the country's efforts to reform its health system.The Program for Universal Primary Healthcare Coverage and Resilience will improve the population's access to quality... More

IFC has issued a new Kauri bond, raising NZD500 million to support private businesses and help create jobs in developing countries.The five-year fixed-rate bond, which carries a coupon of  4.875% s.a, is the first New Zealand dollar denominated Kauri bond to be issued by a supranational,... More

The World Bank has agreed a $300 million project to strengthen Brazil’s conditional cash transfer program Bolsa Familia. The project aims to protect the income of poor families in Brazil with children from zero to six years of age, mitigating risks to their health and education prospects.... More

ADB has approved a $200 million concessional loan to the government of Sri Lanka to help stabilize the country’s finance sector following the sovereign debt and economic crises that started in April 2022 when it suspended its external debt payments. The loan is accompanied by a $1 million... More

The Bulgarian Development Bank has signed a €50 million ($54.1 million) loan deal with the Export-Import Bank of China.BDB will use the five-year credit line to finance Bulgarian companies and their operations.The initiative marks the second financial agreement between BDB and the Chinese... More

BNDES has provided around BRL228.9 million ($46.6 million) in two new financings for biomethane production projects. In the Essencis Biometano project, BNDES agreed BRL93.8 million ($19.1 million) for the construction of a biomethane plant at the Caieiras Landfill in Sao Paulo. For Cocal Energia PPT... More

The AfDB has initiated the first call for climate adaptation proposals for the Climate Action Window during the COP28 climate conference in Dubai. Approximately $258 million in grants are allocated for this call, aimed at accelerating adaptation measures in 37 low-income African countries. The CAW,... More

IFC provided a $43 million loan to the Universidad Autonoma de Guadalajara to promote quality education in the country.Processed under the IFC's COVID CSR platform, the loan will finance some UAG projects whose implementation did not materialize due to the pandemic, such as investments in... More