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17 June 2024
in
Renewable energy

IFC funds Brookfield’s Bikaner solar power project

IFC is helping to fund a 550MWp solar power project in Bikaner, Rajasthan, India, being developed by Brookfield Asset Management.The development bank has committed $105...

17 June 2024
in
Climate finance

EU passes law to restore 20% of land and sea by end of decade

The EU has passed a landmark law to protect nature after a knife-edge vote, ending a months-long deadlock among member states spooked by fierce protests from farmers.But...

17 June 2024

IFC supports sustainable textile manufacturing in Bangladesh, India

To support sustainable textile manufacturing and improve the sector's resource efficiency in Bangladesh and India, IFC is partnering with EPIC Group to help finance...

17 June 2024
in
Traditional energy

NEK gets EIB support for hydropower plants

EIB will provide advisory support to Bulgaria’s state-owned power utility Natsionalna Elektricheska Kompania (NEK) to prepare the construction of two large pumped...

17 June 2024
in
Renewable energy

EBRD mulls funding for Uzbekistan green hydrogen project

EBRD is considering financing an integrated renewable hydrogen production facility in Uzbekistan.The project entails the provision of a senior secured loan of up to $55.4...

17 June 2024
in
Finance and other

Eric Kehinde Ogunleye is new director of African Development Institute

AfDB has appointed Eric Kehinde Ogunleye as Director of the African Development Institute.Ogunleye, a Nigerian national, has nearly 20 years of experience in macro and...

17 June 2024

NIB co-finances new electric buses for Finland

NIB has joined the financing for 60 new electric busses to be operated by Nobina in the Greater Oulu, Greater Turku, and Greater Helsinki regions. NIB will fund...

17 June 2024
in
Finance and other, Social projects

World Bank supports long-term reform agenda in Moldova

The World Bank has approved the Growth and Resilience Development Policy Operation (DPO) for Moldova that will support the government's efforts to assist refugees and...

17 June 2024
in
Traditional energy

EIB invests €150m in EDF’s €3bn green bond issue

EIB has invested €150 million in a €3 billion multi-tranche senior green bond issue from energy company EDF. EIB investment applies to the longer-term...

17 June 2024
in
Social projects

World Bank approves Pakistan education funding

The World Bank has approved $150 million for a project to increase the participation rates of girls and boys in pre-primary and primary grades and enhance reading...

17 June 2024
in
Climate finance

Canada, ADB launch fund to support private sector climate action and nature-based solutions

Canada and ADB are partnering to create a C$360 million (about $255 million) trust fund. The Canadian Climate and Nature Fund for Private Sector in Asia (CANPA) will...

14 June 2024
in
Mining

IFC to lead financing for NextSource's Molo mine

NextSource Materials has signed a Mandate Letter with IFC to lead a $91 million senior debt facility to fund an expansion of the Molo Graphite Mine in southern...

14 June 2024

DRC’s Rawbank receives record trade finance facility

Afreximbank has agreed a $100 million trade finance facility to Rawbank to help the lender increase trade flows in and out of the Democratic Republic of Congo.The...

14 June 2024
in
Traditional energy

Rwanda’s first interconnected grid project backed by MIGA

MIGA has issued guarantees of $9 million to Oikocredit, Ecumenical Development Cooperative Society, Triodos Groenfonds and Triodos Emerging Markets Renewable Energy Fund...

14 June 2024
in
Renewable energy

MIGA backs solar rooftop systems in India

MIGA has issued a guarantee of $317.5 million to Citi, Credit Agricole CIB, and Standard Chartered for their loan to the State Bank of India. The guarantee will protect...

14 June 2024
in
Social projects

World Bank details $2.25bn support for Nigeria

The World Bank has approved two operations: $1.5 billion for the Nigeria Reforms for Economic Stabilization to Enable Transformation (RESET) Development Policy Financing...

14 June 2024

EBRD, EIB support Eldrive's EV infrastructure project

EBRD and EIB are financing Eldrive Holding's plan to install and operate 7,400 new electric vehicle charging stations in Bulgaria, Lithuania and Romania.EBRD is...

14 June 2024

The new wave MDBs

New Development Bank (NDB) and the Asian Infrastructure Investment Bank (AIIB) were both set up almost a decade ago – 2015 and 2016, respectively. As their first decade...

14 June 2024
in
Renewable energy

Romania's Vifor wind plant receives funding

IFC is providing long-term debt financing for the 461MW Vifor wind project in southeastern Romania.Sponsored by a joint venture between Rezolv Energy, the regional energy...

14 June 2024
in
Social projects

ADB helps fund MSMEs in rural Thailand

ADB and Ngern Tid Lor have signed a $150 million loan, in Thai baht equivalent, loan agreement to support the development of MSMEs in rural Thailand, particularly those...