In depth
22 February 2024

CLIMA: A new type of grant to unlock debt market ambitions?

IDB’s new CLIMA initiative offers a new type of grant that imitates a 5% loan principal discount to borrowers for meeting nature and climate objectives. The goal is not only to incentivise ministries to align with their NDCs, but also to build an institutional groundwork for tapping green and... More

News
23 February 2024

Nest appoints Lombard Odier to manage thematic equity brief

Nest, the government-backed auto-enrolment provider, has chosen Lombard Odier Investment Managers (LOIM) to manage a thematic equity mandate primarily focused on developed markets.The mandate aims to align with the transition towards achieving net zero emissions while delivering investment returns... More

News
23 February 2024

EBRD supports MSMEs in Egypt

EBRD has provided a financing package of $50 million to Banque du Caire (BDC), aimed at scaling up support for MSMEs in the country.Part of the financing is allocated under the EBRD’s Women in Business programme, with up to $10 million earmarked for women-owned or led enterprises. The... More

In depth
15 February 2024

AfDB’s hybrid capital first: A new funding tool for MDBs

AfDB's highly anticipated $750 million 10.5-year perpetual non-call venture into hybrid capital has not only established a promising benchmark, but has also signalled what could be the first in a new lineage of MDB hybrid offerings, very much aligned with the G20 Capital Adequacy Framework (CAF)... More

News
23 February 2024

IFC, Zemen Bank to strengthen trade finance in Ethiopia

IFC has announced the inclusion of Zemen Bank as the newest participant in its Global Trade Finance Program (GTFP). Additionally, IFC has extended a $30 million trade finance facility guarantee to Zemen Bank, aimed at bolstering its trade finance operations and facilitating Ethiopian exports and... More

News
23 February 2024

EBRD to boost venture capital in Romania

EBRD has pledged €10 million ($10.8 million) to GapMinder Fund II, a Romanian venture capital firm. This investment aims to bolster Romania's emerging technology and venture capital ecosystem.s.GapMinder Fund II's investment strategy revolves around making equity and quasi-equity... More

News
23 February 2024

AfDB grants trade finance guarantee facility to Access Bank DR Congo

AfDB has approved a $7 million trade finance guarantee facility grant to Access Bank DR Congo.This facility means AfDB will offer up to a 100% guarantee to confirming banks against non-payment risk arising from the confirmation of letters of credit and other trade finance instruments issued by... More

News
23 February 2024

DBJ provides sustainability-linked loan to Seibu Railway

Development Bank of Japan (DBJ) has finalised a JPY11 billion ($73.1 million) sustainability-linked loan for Seibu Railway. Proceeds from the loan will be directed toward investments in railway infrastructure, including the adoption of eco-friendly vehicles and energy-efficient equipment, ultimately... More

News
23 February 2024

ETZ to renew Tilburg hospital with financing from EIB and BNG

ETZ hospital has agreed a €115 million ($125 million) financing deal with the EIB and BNG Bank to fund the modernisation of the hospital’s St. Elisabeth location in Tilburg, the Netherlands.The hospital group will borrow €100 million from the EIB and a further €15 million from... More

News
22 February 2024

ARISE IIP to set up SEZ and dry dock in Malawi

ARISE Integrated Industrial Platforms (ARISE IIP) has signed an agreement with the Malawian government for development of a Special Economic Zone (SEZ) and dry port.The SEZ and dry port, which will require a $150 million investment, will be located in the North of Lilongwe, Area 55 in Malawi. The... More

News
22 February 2024

AAMFI becomes official

The Alliance of African Multilateral Financial Institutions (AAMFI) – otherwise known as the Africa Club – was officially inaugurated last week.Comprising multilateral financial institutions, established by treaty by African states, the founding members include Africa Finance Corporation... More

Data and research
04 December 2023

Development finance industry report 2023

Our development finance industry report for 2023 is now live! This report focuses on the changing landscape of development and impact...

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Event
Feb 27 - Feb 28, 2024

Uxolo & Proximo Latin America Development, Energy & Infrastructure Finance 2024

East Miami Hotel, Miami

Join the big hitters in development, infrastructure and energy finance world's for a fast-track to new leads and deals across Latin America

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News
22 February 2024

Serbia’s largest CHP biomass plant gets IFC funds

IFC has agreed financing for industrial group Drenik to fund Serbia's first large-scale captive combined heat and power biomass plant in Belgrade.The financing package includes a €60 million (about $65 million) A loan from IFC and €46 million trust loan from IFC acting in its capacity... More

News
22 February 2024

EIB Global supports Montenegro education infrastructure upgrades

EIB Global has signed an €11 million EU grant for the Montenegro education programme to enable 13 education facilities, including kindergartens, primary schools, vocational schools and secondary schools, to be modernised and equipped. The upgraded infrastructure will improve learning... More

News
22 February 2024

World Bank funds Dar es Salaam's road network

World Bank is providing a TZS988.9 billion ($387.7 million) loan to Tanzania for the implementation of Dar es Salaam Metropolitan Development Project (DMDP) Phase 2.The project involves the enhancement of a 250km stretch of road infrastructure to tarmac standards, alongside the construction of... More

News
22 February 2024

Brazil readies FX hedging program with $2bn in derivatives for green investments

Brazil's government will announce on Monday new measures to help foreigners with foreign exchange hedges on their investments in sustainable development, while avoiding currency and fiscal risks for the Treasury.According to a number of unnamed sources the plan includes a new channel for about... More

News
22 February 2024

Financing in place for Pahkakoski wind farm

Pahkakosken Energia Oy, a special purpose vehicle owned by Ilmatar, has closed financing to construct Pahkakoski wind farm in North Ostrobothnia, Finland.KfW IPEX-Bank, NIB, BNP Paribas and Siemens Financial Services through Siemens Bank are part of the banking club for Pahkakoski’s long-term... More

News
22 February 2024

Alleged misappropriation of BaltCap funds is investigated

Fifteen searches have taken place in several locations in Lithuania as part of an investigation into the misappropriation of funds from the BaltCap Infrastructure Fund.At the request of the European Public Prosecutor’s Office, the investigative measures were conducted by Lithuania’s... More

News
22 February 2024

ADB supports Gujarat International Finance Tec-City

ADB has approved a $23 million loan to enhance access to quality fintech education, research, and innovation at the Gujarat International Finance Tec-City (GIFT) in India.GIFT is a state-owned enterprise established to promote and cultivate fintech ecosystems and financial services in India. It is... More

News
22 February 2024

IsDB offers Bangladesh $4.9bn for fuel purchase, projects

The Islamic Development Bank (IsDB) has offered Bangladesh $4.9 billion in loans, starting in 2024 and spread across three years, earmarked for energy procurement, developmental projects, and bolstering the private sector.This latest proposition supplements the agreed-upon $2.1 billion loan from the... More