Uxolo intelligence methodology

Our comprehensive data range sources the information from the main multilateral development banks (MDBs) in the world that disclose project data. there is a big difference on what each MDB discloses, some of them disclose all the projects, others consider some of them as confidential. Please check the section below where the specifics per MFI are explained.

Project data

Project status: After analysing the project approval process of each MDB we decided to take as the reference date for every project the project approval date. It seems that this is the project status stage when all the MDBs are aligned, and it is possible to compare projects from all different institutions. If a project is supported by more than one MDB and the approval date is not the same, we consider the latest approval date.

Types of projects: we consider any project that fits in the following categories:

  1. DFI/MFI direct loan: A loan going directly from the DFI/MDB to the beneficiary
  2. A/B loan: A loan going directly from the DFI/MDB to the beneficiary, together with other lenders. The DFI will act as the junior lender in this case
  3. DFI/MFI guaranteed loan: In this case the DFI acts as a guarantor of that particular project
  4. DFI/MFI equity investment: It refers to an equity investment done by a DFI/MDB
  5. DFI/MFI guaranteed equity investment: It refers to a guarantee on an equity investment done by a DFI/MDB
  6. DFI/MFI payment guarantee: Guarantee over a payment over goods or services
  7. DFI/MFI grant: Investment done by a DFI/MDB without expecting any return

Note: we are not considering technical assistances because there is a wide difference in what is considered a technical assistance among the DFIs/MDBs

Framework agreements/preapproved projects: We do not consider any framework agreement preapproved by any MDB for a number of reasons:

  1. There is no beneficiary at the time of disclosure
  2. Sometimes not all the funds get allocated to specific projects
  3. It is easy to double count projects because we count the framework and the specific assignment

Despite framework agreements not being in the data and the reports, we collect the information. If you are interested in accessing that data please let us know and we will create a section for it.

Projects with insufficient data: In order to have a meaningful set of data we need a minimum of set data points per project but in some instances MDBs are not allowed to disclose certain details of the project. We therefore do not include projects in or data set that are missing:

  1. Amount
  2. Lender/Beneficiary. If there is more than one is also very challenging for us to consider it.
  3. Country/region. The exception are regional projects, which go to a special category.

List of DFIs/MDBs by capturing status

Acronym Bank name Status URL
ADB Asian Development Bank Capturing data https://www.adb.org/projects
AfDB African Development Bank Capturing data https://projectsportal.afdb.org/
Afrexim Export Import bank of Africa No data available https://www.afreximbank.com/
AIIB Asia Infrastructure Investment Bank Capturing data https://www.aiib.org/en/projects/list/index.html?status=Approved
BCIE Central American Bank for Economic Integration No data available https://www.bcie.org/en/
BOAD West African Developemt bank No data available https://www.boad.org/en/projects-approved/
BSTDB Black Sea Trade and Development Bank Capturing data https://www.bstdb.org/our-projects/project-search
CAF Corporacion Andina de Fomento Not enough info https://www.caf.com/es/proyectos
EBRD European Bank for Reconstruction and Development Capturing data https://www.ebrd.com/work-with-us/project-finance/project-summary-documents.html
EDB Eurasian Development Bank Not enough info https://eabr.org/en/projects/eabr/
EIB European Investment Bank Capturing data https://www.eib.org/en/projects/pipelines/notice/index.htm
IADB Inter-American Development Bank Capturing data https://disclosures.ifc.org/enterprise-search-results-home
IDB Invest Inter-American Development Bank private Capturing data https://disclosures.ifc.org/enterprise-search-results-home
IBRD International Bank for Reconstruction and Development Capturing data https://projects.worldbank.org/en/projects-operations/projects-list
IDA International Development Association Capturing data https://projects.worldbank.org/en/projects-operations/projects-list
World Bank funds World Bank funds Capturing data https://projects.worldbank.org/en/projects-operations/projects-list
IFC International Finance Corporation Capturing data https://disclosures.ifc.org/enterprise-search-results-home
IsDB Islamic Development Bank No data available https://www.isdb.org/projects-under-maintenance
MIGA Multilateral Investment Guarantee Agency Capturing data https://www.miga.org/projects?project_status=106
NDB New Development Bank Capturing data https://www.ndb.int/projects/list-of-all-projects/
OFID OPEC Fund for International Development Capturing data https://opecfund.org/operations/search-operations

Notes on individual MDBs/DFIs

ADB (Asian Development Bank)

Projects captured from the source are considered approved because ADB discloses the information upon signature.

Source: https://www.adb.org/projects Methodology: https://www.adb.org/what-we-do/public-sector-financing/project-cycle

AfDB (African Development Bank)

Approved projects only. All the amounts exchanged to USD using the bank's official rates disclosures. The currency is considered USD instead of UA because it is not an official currency.

Source: https://www.afdb.org/en/projects-and-operations

AIIB (Asia Infrastructure Investment Bank)

Approved projects including sovereign and non-sovereign.

Source: https://www.aiib.org/en/projects/list/index.html?status=Approved

EBRD (European Bank for Reconstruction and Development)

Projects that hold the approved status, both public and private. The disclosure date is used as the approval date.

Source: https://www.ebrd.com/work-with-us/project-finance/project-summary-documents.html

EIB (European Investment Bank)

Approved projects only. If a project is connected to a multi-year disbursement programme, we will take the date of the first one. According to the bank's methodology, not all the deals are disclosed. The structure of the projects is sometimes not clear and we make assumptions based on the context of the project and the description

Source: https://www.eib.org/en/projects/loans/index.htm

IADB (Inter-American Development Bank)

We do not consider technical assistances as per our methodology. Only public sector projects are captured, private sector projects are within IDB Invest.

Source: https://disclosures.ifc.org/enterprise-search-results-home

IDB Invest (Inter-American Development Bank private)

Approved deals only. Some deals are considered project finance if the nature of the project and the borrower are consistent with it. Only private sector projects are captured, public sector projects are within IADB.

Source: https://disclosures.ifc.org/enterprise-search-results-home

IBRD/IDA/World Bank funds

The information for IBRD and IDA is disclosed in the same source, together with other World Bank funds. Every deal allocated to a WB fund is under "World Bank Group" as the DFI.

Source: https://projects.worldbank.org/en/projects-operations/projects-list

IFC (International Finance Corporation)

Approved projects that are loans, equity investments and guarantees.

Source: https://disclosures.ifc.org/enterprise-search-results-home

IsDB (Islamic Development Bank)

At the time we started with he product the project disclosure page was under maintenance, and we could not gather any data.

Source: https://www.isdb.org/projects-under-maintenance

MIGA (Multilateral Investment Guarantee Agency)

We consider projects that are already considered by the board, approved by them, and the contract is signed.

Source: https://www.miga.org/projects?project_status=106

NDB (New Development Bank)

We consider only projects, not technical assistances as per our methodology. The amount in certain projects is disclosed as "up to x", so we consider that as the amount.

Source: https://www.ndb.int/projects/list-of-all-projects/

OFID (OPEC Fund for International Development)

Approved projects are considered only. The project date is the approval date as disclosed in the source

Source: https://opecfund.org/operations/search-operations


The details of every deal included in the tables are cross-checked with the original source by our Data Team.

Countries and regions

The countries are arranged in the following regions:

Africa: Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Congo, Cote D'Ivoire (Ivory Coast), Democratic Republic of the Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mauritius, Morocco, Mozambique, Namibia, Niger, Nigeria, Rwanda, Senegal, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Swaziland, Tanzania, Togo, Tunisia, Uganda, Western Sahara, Zambia, Zimbabwe

Asia: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nauru, Nepal,Pakistan, Seychelles, Sri Lanka

Asia Pacific: Brunei Darussalam, Cambodia, China, Fiji, Hong Kong, Indonesia, Japan, Korea, Korea (North), Laos, Malaysia, Marshall Islands, Mongolia, Myanmar, Papua New Guinea, Philippines, Samoa, Singapore, Solomon Islands, Taiwan, Thailand, Timor-Leste, Tonga, Vanuatu, Vietnam

Australasia: Australia, New Zealand

Europe: Albania, Austria, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, France, Metropolitan, Georgia, Germany, Greece, Hungary, Iceland, Ireland, Italy, Jersey, Latvia, Lithuania, Luxembourg, Macedonia, Malta, Monaco, Montenegro, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Serbia, Slovak Republic, Slovenia, Spain, Svalbard and Jan Mayen, Sweden, Switzerland, Turkey, United Kingdom, Vatican City State (Holy See)

Latin America: Antigua and Barbuda, Argentina, Aruba, Bahamas, Barbados, Belize, Bolivia, Brazil, Caribbean Nations, Cayman Islands, Chile, Colombia, Costa Rica, Cuba, Dominican Republic, Ecuador, El Salvador, French Guiana, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Paraguay, Peru, Saint Lucia, Saint Vincent and the Grenadines, Suriname, Trinidad and Tobago, Uruguay, Venezuela, Virgin Islands (British), Virgin Islands (U.S.)

Middle East: Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, United Arab Emirates, Yemen

North America: Bermuda, Canada, Greenland, United States

Russia CIS: Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russian Federation, Tajikistan, Turkmenistan, Ukraine, Uzbekistan


Allocations are in US dollars. Other currencies are converted to US dollars using the exchange rate from the transaction’s date of approval.


We welcome any suggestions or questions you have on the scope of the methodology.

Please contact Alfonso Olivas – alfonso.olivas@txfmedia.com – Head of Data and Analytics.