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08 April 2021

Northern Arc raises $25m in debt financing from FMO

Indian digital debt platform Northern Arc has received $25 million debt financing from Dutch development bak FMO. This is the fourth transaction in a series of...

08 April 2021
in
Renewable energy

DFIs to support approved 50MWp Zaafarana solar power plant

German company Belectric has received approval from the Egyptian authorities to build its 50MWp solar power plant in Zaafarana, a town located on the Red Sea. The project...

08 April 2021

Kiva Capital Management closes refugee investment fund at $32.5m

Kiva Capital Management, the impact-first fund management subsidiary of nonprofit microlending platform Kiva.org, has announced the final close of the $32.5 million Kiva...

08 April 2021
in
Social infrastructure

ADB agrees $484m loan for Tamil Nadu road upgrade project

The Asian Development Bank has approved a $484 million loan to improve transport connectivity and road maintenance in the Chennai–Kanyakumari Industrial Corridor...

08 April 2021
in
Traditional energy

VEB helps finance Baltic Sea chemical plant

RusGazDobycha, a business partner of Russian gas giant Gazprom, plans to start building a chemical plant as part of a massive gas processing cluster on the shores of the...

08 April 2021
in
Renewable energy

NADB helps finance $216.1m Corazon Solar Project in Texas

The North American Development Bank (NADB) has taken part in a $216.1 million credit agreement with energy developer BayWa r.e to finance the design, construction, and...

08 April 2021

ADB sells record $5bn global benchmark bond

The Asian Development Bank returned to the US dollar bond market with the pricing of a $5 billion five-year global bond, proceeds of which will be part of the...

08 April 2021
in
Waste and water

$500m IDA loan supports sustainable development of Kinshasa

The World Bank, through its subsidiary the International Development Association (IDA), has agreed a $500 million loan for the sustainable development of Kinshasa, the...

07 April 2021
in
Renewable energy

ACWA signs final agreements for 200MW Kom Ombo PV project

Saudi developer ACWA Power has finalised the project agreements for the 200MW Kom Ombo solar PV plant in Egypt. The company signed a 25-year Power Purchase Agreement,...

07 April 2021

CDB unveils $46bn science, innovation loan plan

The China Development Bank has pledged to beef up its financial support for scientific and technological innovation during the 14th Five-Year Plan period (2021-2025).A...

07 April 2021
in
Social infrastructure

IsDB commits $200m to Global Partnership for Education

The Islamic Development Bank (IsDB) and Dubai Cares, part of Mohammed Bin Rashid Al Maktoum Global Initiatives, have committed $202.5 million towards Global Partnership...

07 April 2021
in
Social infrastructure

AfDB finances improvements to Egypt's rail network

The African Development Bank has approved a loan of €145 million to finance reliability and performance upgrades to Egypt's rail system under the Egypt National...

07 April 2021

EBRD helps Poland build first recycling plant for car batteries

The European Bank for Reconstruction and Development has agreed a €25 million loan to help Poland become the site of the first facility in the EU for recycling both...

07 April 2021
in
Manufacturing, Traditional energy

World Bank finances PNG electricity improvement project

The World Bank has approved a $30 million (PGK105 million) project to support improvements to the operational and financial performance of Papua New Guinea's...

06 April 2021

European guarantee will enable Finnvera to grant €650m of loans to companies

Finnvera is joining the Pan-European Guarantee Fund (EGF) programme of the European Investment Bank Group, enabling the Finnish export credit agency to grant a total of...

06 April 2021
in
Social infrastructure

EIB could finance Germany's proposed Beirut port reconstruction

Germany is to present a multi-billion-dollar proposal to Lebanese authorities to rebuild the Port of Beirut as part of efforts to entice the country’s politicians...

06 April 2021
in
Social infrastructure

World Bank approves $150m to support COVID-19 vaccination in Ecuador

The World Bank has approved $150 million in additional financing for the COVID-19 Emergency Response Project in Ecuador. This is the first World Bank-financed operation...

06 April 2021
in
Agriculture/food chain

DFIs and impact investors crowd into Phatisa’s $143m African food fund

CDC, Norfund, Finnfund, FinDev Canada, and BIO have all committed to the fund, which will invest across the African food value chain in order to reduce the continent’s...

06 April 2021

EBRD, AIIB streamline co-financing procedures

The European Bank for Reconstruction and Development and the Asian Infrastructure Investment Bank are streamlining their cooperation to promote economic development and...

06 April 2021

India looks to establish new development bank

India's parliament has passed a bill seeking to establish a National Bank for Financing Infrastructure and Development (NBFID) to support  infrastructure...