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09 November 2020

IFC, HKMA unveil new alliance to address climate change

The International Finance Corporation has signed a new partnership with the Hong Kong Monetary Authority (HKMA) to encourage commercial banks in Asia to adopt strategies...

09 November 2020

Bilateral DFIs and EIB launch €280m COVID-19 support scheme

Eleven members of the Association of European Development Finance Institutions (EDFI) are strengthening cooperation with the European Investment Bank to create a new...

09 November 2020

IDB Invest, Banco W support microenterprises through bond

IDB Invest structured and subscribed a social bond with a gender focus issued by Banco W and registered in the Colombian Stock Exchange. The four-year tenor bond of...

09 November 2020

EIB supports projects linked to human rights violations, NGOs claim

The European Investment Bank has been using taxpayer cash to support infrastructure projects linked to alleged human rights violations, an investigation by NGOs...

06 November 2020
in
Waste and water

Bangladesh out to AIIB for solid waste PPP project financing

Bangladesh is out to the AIIB for support for its series of proposed solid waste management PPP projects in selected municipalities in the country. Local Government...

06 November 2020
in
Renewable energy

ATI backs $67m Nkhotakota solar project in Malawi

The African Trade Insurance Agency (ATI) is supporting a $67 million solar plant in Malawi.The Nkhotakota Solar Power Plant, one of Malawi’s first commercial scale...

06 November 2020

Development bank loan books 'risk hit from nature loss'

The world’s development finance institutions are exposed to potential nature-related losses across more than a quarter of their investments and should carry out...

06 November 2020
in
Manufacturing, Mining, Renewable energy, Traditional energy

Development bank group lent $197bn in green finance in 2019

The International Development Finance Club, a group of 26 national and regional development banks, said its members supplied $197 billion in green finance in 2019. The...

06 November 2020
in
Social infrastructure

EBRD funds €65m bridge and road projects in Ukraine

The European Bank for Reconstruction and Development has agreed to provide loans to Ukraine to finance regional-level road infrastructure projects. The pilot projects...

06 November 2020
in
Manufacturing, Mining, Traditional energy

European DFIs vow to cease fossil fuel investments by 2030

The Association of European Development Finance Institutions (EDFI), which has a combined $50 billion under management in emerging and frontier markets, has announced...

06 November 2020

Mexico becomes member of Development Bank of Latin America

Mexico has been accepted as a full fledged member of the Development Bank of Latin America (CAF).The Mexican finance ministry said CAF "has provided financing to the...

05 November 2020

Report highlights potential of Islamic finance in Saudi Arabia

With almost $900 billion assets, Islamic finance can be a catalyst to Saudi Arabia's Vision 2030, according to a new report by The Islamic Research and Training...

05 November 2020

IDB Invest issues third domestic bond in Paraguay

IDB Invest, the private sector institution of the Inter-American Development Bank Group, has issued its third bond denominated in Paraguayan guaranies, to finance access...

05 November 2020
in
Waste and water

World Bank debars Berky over Myanmar river basin project fraud

The World Bank Group has debarred Germany-based Berky for two years and six months in connection with collusive, fraudulent, and corrupt practices under the Ayeyarwady...

05 November 2020
in
Renewable energy

Mongolia floats EPC tender for 10MW Altai solar power project

Mongolia has launched an engineering, procurement, and construction tender for a 10MW solar power project in the country’s Altai region.The Mongolian government has...

05 November 2020
in
Waste and water

KfW and Spain help finance Moroccan drinking water projects

The Spanish government has approved a €5 million loan for Morocco to build two seawater desalination plants — in Assa-Zag, in the Guelmim-Oued Noun region, and...

05 November 2020
in
Social infrastructure

EIB mulls ban on funding airport expansions

The European Investment Bank could withdraw support for new airports, according to a draft climate roapmap. The bank, however, is set to keep funding motorways, as well...

05 November 2020

BSTDB, Chexim sign project finance MoU

The Black Sea Trade and Development Bank (BSTDB) and the Import-Export Bank of China have signed a Memorandum of Understanding to finance energy and infrastructure...

05 November 2020
in
Social infrastructure

AFD helps finance Casablanca tramway extension

Agence Francaise de Developpement (AFD) has signed a MAD1.1 billion ($119.8 million) loan deal with Casa Transport en Site Amenage for the construction of two new lines...

05 November 2020
in
Social infrastructure, Waste and water

OPEC Fund finances clean water and 300km road project in DR Congo

The OPEC Fund for International Development (the OPEC Fund) is providing two loans totaling $45 million to help increase the supply of potable water and boost food...