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04 December 2023

EIB’s EU for Ukraine Fund finances its first project

The EU for Ukraine Fund managed by the EIB hosted its initial Contributors’ Committee meeting, with Member States greenlighting the fund’s first project...

04 December 2023
in
Climate finance

EMCAF attracts new capital commitments for emerging market climate action

The Emerging Market Climate Action Fund (EMCAF), initiated by the EIB and Allianz Global Investors, has secured new capital commitments. The United Kingdom Foreign,...

04 December 2023
in
Social infrastructure

IDB Invest and DFC partner to boost LatAm urban electric bike-sharing

IDB Invest and DFC are co-investing a combined $23 million in equity in the micro-mobility platform Tembici, to support the expansion of bicycle-sharing services in Latin...

04 December 2023
in
Finance and other

CABEI’s new executive president takes charge

Gisela Sanchez Maroto has began her five-year term as executive president of the Central American Bank for Economic Integration. She becomes the first woman president of...

04 December 2023
in
Social infrastructure

AfDB funds Ugandan road projects

The African Development Bank Group has approved a loan of $252.83 million to Uganda to fund the construction of the Laropi-Moyo-Afoji and Katuna-Muko-Kamuganguzi road.The...

04 December 2023

Al Baraka Bank Egypt and IFC support MSMEs

IFC is partnering with Al Baraka Bank Egypt to increase access to finance for MSMEs in Egypt, including women-owned businesses, helping catalyse economic activity and job...

04 December 2023
in
Agriculture/food chain, Climate finance

UN launches ARCAFIM to boost climate resilience in East Africa

In response to the alarming decline in global climate finance for adaptation efforts, the IFAD and partners have unveiled the Africa Rural Climate Adaptation Finance...

04 December 2023
in
Agriculture/food chain, Climate finance

Rwanda gains €100m climate finance Iinitiative for agricultural resilience

A new €100 million ($109.2 million) climate finance initiative is set to enhance the climate resilience of farmers and agricultural businesses in Rwanda, providing...

04 December 2023
in
Agriculture/food chain

US pledges $50m to VACS initiative to tackle climate change and food security

At the COP28 UN climate summit in Dubai, the US has announced a contribution of $50 million to the Vision for Adapted Crops and Soils (VACS) initiative. The multi-donor...

04 December 2023
in
Finance and other

AIIB, FONPLATA forge strategic collaboration for sustainable infrastructure

The AIIB has formalized a strategic collaboration by signing a MoU with FONPLATA. The MOU, inked during COP28 in Dubai, signifies a commitment to strengthen collaboration...

04 December 2023
in
Agriculture/food chain, Finance and other

AIIB and FAO join forces to transform agrifood systems through infrastructure investment

The AIIB and the Food and Agriculture Organization (FAO) of the UN have formalized their partnership through a MoU. This collaboration aims to assist countries in...

04 December 2023
in
Renewable energy

EIB Global supports North Macedonia's energy transition

EIB Global, the arm of the EIB for activities outside the European Union, has signed a Joint Declaration on the Just Transition Investment Platform for North...

01 December 2023
in
Climate finance

Top development banks to launch debt-for-nature swap 'task force'

The world's top multilateral development banks are set to launch a global "task force" at the COP28 climate summit in the coming days to scale up the number...

01 December 2023
in
Social projects

InfraZamin Pakistan, Kashf Foundation close inaugural gender bond gender bond

InfraZamin Pakistan, in collaboration with Kashf Foundation, has closed South Asia and Pakistan’s first-ever gender bond. This landmark initiative signifies a step...

01 December 2023
in
Agriculture/food chain, Climate finance

AFD supports sustainable agriculture in Morocco

Agence Francaise de Developpement will release €80 million to Credit agricole du Maroc to promote sustainability and climate resilience in Morocco’s...

01 December 2023
in
Finance and other, Social projects

Dhamana Guarantee Company to seal DFI deal in Q1 2024

The newly established Dhamana Guarantee Company is expected to seal a $10 million equity commitment from AfDB and $15 million from InfraCo Africa in Q1 2024.The company...

01 December 2023
in
Social infrastructure

AfDB finances bridge over the River Ntem

The AfDB has provided financial support of €73.44 million ($80.6 million) to Cameroon for the construction of a bridge over the River Ntem. The bridge is part of the...

01 December 2023
in
Renewable energy

BII invests ZAR125m in South African wind farms

British International Investment (BII) has signed a ZAR125 million ($6.6 million) investment in two wind farms in South Africa. The investment is part of BII's...

01 December 2023
in
Social projects

EBRD supports women-led SMEs in Armenia

The EBRD, with support from the EU and Sweden, is extending a $10 million loan to Acba Bank in Armenia to enhance financing for SMEs led by women. The funding, part of...

01 December 2023
in
Climate finance

Green Coalition of Public Development Banks unveil $20bn Amazon plan

The Public Development Banks of the Green Coalition aim to mobilize resources between $10 billion and $20 billion by creating a sustainable development platform. These...