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14 June 2024
in
Social projects

Philippines' City Savings Bank issues first social bond

IFC is investing $100 million in a social bond issued by City Savings Bank, the first thrift bank to issue a social bond in the Philippines. Proceeds from the social bond...

14 June 2024
in
Traditional energy

Team Europe commits €472m to support the ELMED electricity project

Team Europe is mobilising €472.6 million ($506 million), including €334.6 million in EU grants, to support the Italy-Tunisia electricity interconnection project...

14 June 2024

ICD and AKLease launch private sector financing initiative

The Islamic Corporation for the Development of the Private Sector (ICD) and AKLease have entered into an agreement to bolster economic growth in Turkiye. The €13.65...

14 June 2024
in
Climate finance

IDB Group launches action plan to accelerate natural capital and biodiversity inclusion

IDB, IDB Invest, and IDB Lab have launched the 2024-2025 Natural Capital and Biodiversity Mainstreaming Action Plan, which aims to put biodiversity and natural capital...

14 June 2024
in
Finance and other

Kyrgyzstan pays Russia $64m for stake in EDB

Kyrgyzstan has paid $64.7 million to Russia for a stake in the Eurasian Development Bank. Kyrgyzstan currently owns 4.23% of shares in the EDB. The country’s share...

14 June 2024
in
Climate finance

IDB unveils Amazon PPP projects support

IDB has announced a technical cooperation agreement with the Brazilian Forest Service (SFB) and BNDES to support the structuring of PPP projects to sustainably manage...

13 June 2024
in
Social infrastructure

Czech railway upgrade project receives EIB funding

EIB and the Czech Ministry of Finance signed a CZK13 billion (about $570 million) loan to upgrade the country’s rail network, unlocking the second part of planned...

13 June 2024

Afreximbank seals $500m syndicated facility

Afreximbank has secured a $500 million dual tranche syndicated term loan facility.Industrial and Commercial Bank of China, London branch, and Standard Chartered acted as...

13 June 2024
in
Finance and other

Ukraine’s Bank Lviv receives SME funding

EBRD is extending a local-currency loan worth the equivalent of €20 million ($21.6 million) to Ukraine’s Bank Lviv to facilitate access to finance for private...

13 June 2024
in
Agriculture/food chain

Ethiopia gets funding to become wheat producer and exporter

AfDB and the government of Ethiopia, in partnership with the Netherlands, fertilizer company OCP-Africa, and the Global Center on Adaptation (GCA), have launched a...

13 June 2024

Raiffeisen Bank Ukraine to unlock €100m of new business finance

EBRD is extending an unfunded portfolio risk-sharing facility to Ukraine’s Raiffeisen Bank Ukraine to unlock €100 million (about $108 million) of new finance...

13 June 2024

Guatemalan SMEs receive Genesis funding boost

FMO has forged a strategic partnership with Fundacion Genesis Empresarial to boost support to microentrepreneurs and SMEs in rural communities, bolstering economic growth...

13 June 2024
in
Finance and other

TDB mulls $500m bonds as capital markets normalize

The Trade & Development Bank is considering a return to bond markets after an absence of three years. From 2010 to 2021, TDB issued $2.4 billion in eurobonds....

13 June 2024
in
Renewable energy

EBRD forms Ukraine solar JV with Goldbeck

EBRD has established a renewable energy joint venture with Goldbeck Solar Investment, which plans to construct and operate new solar PV projects in Ukraine.EBRD is...

13 June 2024
in
Agriculture/food chain

IDA agrees $150m to support Benin food security

The World Bank has approved $150 million in IDA additional financing to help Benin improve food security and productivity and strengthen the resilience of populations in...

13 June 2024

EBRD supports Morocco’s manufacturing sector

EBRD is supporting Morocco’s hygiene products sector with a MAD500 million (€50.5 million) loan to ECP Maroc - the first cross-border acquisition financing...

12 June 2024
in
Social projects

MIGA and KUKE form Ukraine trade, FDI partnership

MIGA signed an MoU with Polish export credit agency KUKE to support and encourage trade and foreign direct investments by Polish companies in Ukraine and other...

12 June 2024
in
Social projects

Aon and DFC partner on landmark $350m Ukraine insurance program

Aon and DFC are partnering on a first-of-its kind $350 million insurance program to build insurance capacity and accelerate new capital investment and economic recovery...

12 June 2024

EC and EIB seek to unlock over €1bn for Ukrainian SMEs

The European Commission and EIB Group moved to support the private sector in Ukraine by seeking to unlock more than €1 billion in lending to SMEs.At the Ukraine...

12 June 2024
in
Social infrastructure, Social projects

Ukraine's housing crisis aided by CEB loan

CEB has signed a €100 million ($107.5 million) loan agreement for the Ukraine project “HOME: Compensation for destroyed residential properties".Under...