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25 July 2022

IsDB and Malaysia up collaboration

Malaysia is upping its collaboration with the Islamic Development Bank (IsDB). The pair have agreed to scale ongoing joint initiatives with the Kuala Lumpur Centre of...

25 July 2022

Seedstars reaches first close of $30m seed fund

Seedstars, a global early-stage investor, has reached first close of its second seed-stage fund for emerging markets after hitting the fundraising milestone for Seedstars...

25 July 2022

AfDB debars ECCI for nine months

The African Development Bank (AfDB) has announced a nine-month debarment of Entreprise de Commerce et de Construction Immobiliere (ECCI) with effect from 27 June 2022....

22 July 2022
in
Waste and water

IFC agrees blue loan for water and sanitation in Brazil

IFC is providing a loan of $150 million to Companhia de Saneamento Básico do Estado de Sao Paulo (SABESP), one of the largest water and sanitation companies in the...

22 July 2022
in
Renewable energy

Malawi supports solar PV plant in Malawi

MIGA has issued guarantees of $24 million to JCM Golomoti UK for equity and shareholder loan investments into Golomoti JCM Solar Corporation for the development,...

22 July 2022
in
Renewable energy

Iberdrola, EIB sign €550m green loan to boost renewable energy

The EIB and Iberdrola have signed a new agreement to accelerate Spain's energy transition by developing new renewable energy capacity. The bank will provide a...

22 July 2022

EBRD provides $50m to QNB Finansbank in Turkey

The EBRD is providing a loan of up to $50 million to QNB Finansbank, for on-lending to women-led SMEs in Turkey under the EBRD’s flagship Women in Business...

22 July 2022
in
Waste and water

ADB approves loan for safe drinking water in Himachal Pradesh

The ADB has approved a $96.3 million loan to provide safe drinking water and improve water supply and sanitation services of Himachal Pradesh, India, under the Himachal...

22 July 2022
in
Climate finance

GCF approves FMO investment in Climate Investor 2

Green Climate Fund has approved the joint FMO – Climate Fund Managers $145 million proposal to accelerate private sector investments in low-emission and...

22 July 2022

New World Bank role for Indermit Gill

The World Bank has appointed Indermit Gill as the Chief Economist of the World Bank Group and Senior Vice President for Development Economics.Gill spearheaded the...

22 July 2022
in
Social projects

Africa CDC receives $100m World Bank financing

The World Bank has approved a $100 million support program for the Africa Centres for Disease Control.The funding will help enhance Africa CDC's technical capacity...

22 July 2022
in
Mining, Traditional energy

Fossil fuel projects will not secure any part of $8.5bn just transition funding

Climate envoys from those developed countries that have entered into a Just Energy Transition Partnership with South Africa have confirmed that their governments will not...

22 July 2022

EBRD provides $25m to Kazakhstan’s microlender KMF

The EBRD is helping micro, small and medium-sized businesses across Kazakhstan by providing fresh funds to the country’s leading microlending institution KMF. They...

21 July 2022
in
Traditional energy

NeuConnect project reaches financial close

The £2.4 billion ($2.86 billion) NeuConnect project - a new energy link between two of Europe’s largest energy markets – has reached financial close....

21 July 2022
in
Agriculture/food chain

OPEC Fund supports farmers and businesses in Paraguay

The OPEC Fund has signed a $30 million loan agreement under its Food Security Action Plan with Banco Sudameris in Paraguay. Forty per cent of the loan will be allocated...

21 July 2022
in
Climate finance

GCF releases $60m for rural area climate resilience projects

The Green Climate Fund is providing $60 million in funding for climate resilience in rural areas in Benin and The Gambia. The funding will be used to implement projects...

21 July 2022
in
Renewable energy

Alternergy secures DBP financing for hydro project

Alternergy has secured PHP600 million (about $10.6 million) credit facility from the Development Bank of the Philippines to bankroll its 4.6MW Dupinga mini-hydropower...

21 July 2022

NDB takes credit ratings hit over Russia links

Fitch Ratings has lowered the New Development Bank’s credit rating by a notch while keeping the outlook negative, citing the fallout from Russia’s war in...

21 July 2022
in
Climate finance

World Bank prices NZD800m sustainable development bond

The World Bank has priced a NZD800 million five-year 4.25% fixed-rate bond due July 29, 2027. The benchmark bond was launched with an initial minimum target size of...

21 July 2022
in
Climate finance

IADB approves $300m for Costa Rica’s decarbonization plan

The IADB has approved a $300 million loan to continue to back Costa Rica’s National Decarbonization Plan, which aims for net-zero emissions by 2050. The loan is the...