World Bank president Ajay Banga has doubled down on his push to revamp the bank's energy strategy to end a ban on lending for nuclear power projects and enable more natural gas projects. He said he would seek executive board approval in June.The changes would mark a shift from the bank's... More

ADB has approved a $104 million loan to help enhance Georgia’s energy security.Under ADB’s Energy Storage and Green Hydrogen Development Project, the bank will help Georgia create its first-ever energy storage facility and explore green hydrogen development possibilities in the... More

Dutch development bank FMO's co-chief investment officer Peter Maila is moving to supply chain finance group Zvilo. Maila will lead London-headquartered Zvilo’s expansion into the African market as CEO Africa. Maila will end his time at FMO at the end of June.Huib-Jan de Ruijter,... More

ADB and Vietnam's government have signed a $60 million financing package to upgrade and construct transport and water supply infrastructure in five upland districts with the highest concentration of ethnic minority communities in the central coastal provinces of Phu Yen and Quang Tri.The Climate... More

GuarantCo has provided a partial credit guarantee for a listed and rated INR2 billion (around $23.4 million) Non-Convertible Debenture (NCD) bond issuance by Vivriti Capital, an impact focused non-bank financial institution in India. This is GuarantCo’s first capital market transaction in... More

Alcazar Energy Partners has signed a development support agreement with the International Finance Corporation for the first phase of the 400MW Stip wind project in North Macedonia. The project, which requires a total investment of around €500 million ($567 million), is the largest wind power... More

Nordic Investment Bank has launched a €1 billion, long three-year fixed-rate benchmark bond. Strong investor interest drove the final orderbook to €1.45 billion with around 50 investors participating, allowing the final spread to tighten to mid-swaps plus 11 basis points from initial... More

The World Bank has approved a new financing package for the Brazilian state of Mato Grosso do Sul to expand access to sustainable, safe, and climate-resilient transport.This $200 million financing is part of the broader $2.5 billion Brazil Proactive, Safe and Resilient Road Asset Management Program,... More

ADB has approved $1.45 billion as the second and final tranche of its multitranche financing facility for the Malolos–Clark Railway Project (MCRP) in the Philippines. The Japan International Cooperation Agency is cofinancing the project. It will deliver the rolling stock and railway systems... More

A project to expand student housing in Greece has received €250 million (about $284 million). BSTDB committed an investment guarantee of up to €65 million to Greek construction group  Aktor, while EIB and Piraeus Bank are cofinancing.The project includes the design, financing,... More

IFC has announced a ZAR1 billion ($58 million) investment in South Africa’s Balwin Properties to support the property developer in building more than 16,000 houses for low-and-middle income buyers near Johannesburg. The aim is to help increase the supply of affordable housing in the country.... More

AIIB has appointed Ajay Bhushan Pandey as vice president of investment solutions. Pandey provides strategic leadership and oversees three key departments: the Sectors, Themes and Finance Solutions Department; the Sustainability and Fiduciary Solutions Department; and the Portfolio Management... More

Herbert Smith Freehills has announced details of a raft of new partner appointments. Alongside the new partners, the firm has also hired 23 lateral partners in its current financial year to date. The promotions take effect on May 1.The new partners and their principal areas of practice are: Emily... More

ABC Impact, an Asia-focused impact investment firm, has completed the final closing of its second fund at over $600 million, doubling the size of Fund I.ABC Impact Fund II has drawn support from a range of Limited Partners, including Temasek, Temasek Trust, the Asian Development Bank, Mapletree... More

CMA CGM Group signed a strategic partnership agreement to acquire a 35% stake in October Dry Port (ODP) in the New Industrial Area in 6th of October City, Egypt.CMA CGM has also signed a management agreement and will become an active operational partner in the activities and development of the... More

The EIB has signed two green loans with Iberdrola totalling €108 million (almost $117 million) – a €50 million loan using the EIB's own funds and a €58 million loan with funds from the Regional Resilience Fund. The project aims to improve the pumping capacity of the... More

EBRD is further supporting energy security in Ukraine by extending an unfunded portfolio-risk-sharing facility to Raiffeisen Bank Ukraine (RBU), to enable €100 million worth of energy investments.RBU joins Ukrgasbank, Privatbank and Oschadbank to participate in the EBRD’s Energy Security... More

Nordic Investment Bank has signed a NOK700 million (about $66 million) ten-year loan with Norwegian Linja to finance electricity network investments in Western Norway.The funding will co-finance the company’s investment programme between 2024 and 2026. The investment programme consists of the... More