Major MDBs could increase lending by nearly $480 billion collectively before the decline in capital positions would lead to downgrades, Fitch Ratings says in a new...
Early-stage vaccine development in Rwanda by Akagera Medicines Africa will be supported by €2 million financing from EIB. The new backing will accelerate research...
AfDB has approved grants of $34,796,402 to enhance resilience and adaptation to climate disaster risks for vulnerable communities in Malawi and Zimbabwe.Under the Africa...
JICA has signed a loan agreement with Fiji for the Disaster Recovery and Rehabilitation Phase 2.The 40-year JPY5 billion ($33.5 million) loan has an annual interest rate...
ADB has appointed Xiaoqin (Emma) Fan as its new Country Director for Pakistan.She has more than 30 years of professional experience, including 22 years in ADB. Fan joined...
Bulgarian Development Bank has appointed Dimitar Mitev to the Advisory Council and Ivaylo Moskovski as a member of the Board of Directors and CEO.Mitev has 32 years of...
Madurai Corporation has unveiled a proposal for a waste-to-energy plant with an estimated cost of ₹314 crore (about $37.5 million). This initiative aims to address the...
Africa Finance Corporation was joint lead manager for the pricing of a $400 million 10.125% Note by Ecobank Transnational Incorporated. The five-year offering, which is...
The EU and AFD have signed a Financing and Accelerating the Sustainable Transition of Cities (FAST-Cities).The FAST-Cities guarantee is an ambitious initiative aimed at...
Enel Colombia has signed an ECA-supported loan through a synthetic product which neutralises the exchange rate risk, for a maximum amount in Colombian pesos equivalent to...
The Philippines has sealed agreements with South Korea to fund three major infrastructure projects.One of the projects is the PHP6.34 billion ($111.4 million) Samar...
Equinor and Polenergia are seeking EBRD funding for their Baltyk 2 and 3 projects, both of which have a capacity of 720MW.The non-recourse long-term senior debt from EBRD...
Danish venture fund PSV Hafnium has landed DKK185 million (about $27 million) EIF and DKK100 million (almost $15 million) EIFO commitments in support of deep tech focused...
EIB and Intesa Sanpaolo have agreed on a new initiative with the potential to unlock investment of up to €8 billion for the European wind industry. It forms...
The World Bank has approved €268.22 million ($287.24 million) in funding for the Philippines Digital Infrastructure Project. The project will invest in the...
The United Nations Development Programme (UNDP) and Mizuho Financial Group are partnering to support scaling up sustainable finance across Japan and Asia. This follows an...
Yasser El-Gammal has been named as the new World Bank Country Manager for Romania and Hungary. The appointment is effective October 1. El-Gammal, who succeeds Anna...
Afreximbank has approved a $20.8 million financing facility for Nigeria-based Starlink Global & Ideal to enable the company construct and operate a 30,000-metric...
Armenia's parliament committee on financial-credit and budgetary affairs has approved a bill on ratifying a €236 million ($258 million) loan from EBRD for the...
EBRD is considering providing a loan for the construction, commissioning and operation of a 1.1GW wind power project in Egypt. The Suez Wind Energy BOO Wind Power Plant...