Tag Archives: African Development Bank

Spain and EIB Launch Global Alliance for Crisis-Triggered Debt Pause Clauses

(IN BRIEF) At the FfD4 conference in Seville, Spain and the EIB co-led the creation of the Debt Pause Clause Alliance, enabling temporary suspension of debt service during crises—natural, health, or food-related—without compromising long-term fiscal and social stability. The Alliance, … Read the full press release

EIB-Backed Jiji Hydropower Plant Launch Powers 15,000 Homes and Boosts Burundi’s Growth

(IN BRIEF) Burundi’s President officially opened the Jiji hydroelectric plant in Bururi province, marking a major milestone toward the nation’s energy self-reliance. When paired with the soon-to-be-completed Mulembwe facility, the two dams will deliver 49.5 MW of capacity and 235 … Read the full press release

FMO Structures Innovative US $26.5 Million Debt Package for Zambia’s First Market-Based Ilute Solar Project

(IN BRIEF) FMO acted as Mandated Lead Arranger on a US $26.5 million financing package for the 32 MWp Ilute Solar Project in Western Zambia. The two-tranche debt structure—senior debt underwritten by FMO, Triodos, and SEFA, plus a subordinated tranche … Read the full press release

African Pharmaceutical Technology Foundation Takes Major Strides Toward Building a Self-Reliant African Pharmaceutical Industry

(IN BRIEF) In a significant development for Africa’s pharmaceutical sector, the African Pharmaceutical Technology Foundation and the Rwandan Government have signed a host country agreement, paving the way for the Foundation’s operationalization. The Foundation has also forged a memorandum of … Read the full press release

LSEG Selected by Banque Centrale de Mauritanie for Financial Modernization Project

(IN BRIEF) London Stock Exchange Group (LSEG) has been chosen as a strategic partner by the Banque Centrale de Mauritanie (BCM) for its Financial Infrastructure Modernization Programme, funded by the African Development Bank. This initiative aims to modernize Mauritania’s financial … Read the full press release

Global Green Bond Initiative and African Development Bank Partner to Foster Green Bond Markets in Africa

(IN BRIEF) A coalition of development finance institutions and multilateral organizations forming the Global Green Bond Initiative (GGBI) has established a strategic partnership with the African Development Bank to collaborate on technical assistance aimed at promoting green bond markets in … Read the full press release

Multilateral Development Banks Collaborate on Circular Economy Transition at WCEF 2023

(IN BRIEF) Multilateral Development Banks (MDBs) including the AfDB, EBRD, EIB, IDB, and World Bank met at the World Circular Economy Forum (WCEF) 2023 in Helsinki to discuss the circular economy for the first time. They emphasized the role of … Read the full press release

EIB and Multilateral Development Banks Unite to Accelerate Circular Economy Adoption

(IN BRIEF) During the World Circular Economy Forum (WCEF) 2023, environment-focused directors from leading Multilateral Development Banks (MDBs) met to discuss the circular economy for the first time. The African Development Bank (AfDB), the European Bank for Reconstruction and Development … Read the full press release

French Treasury Director-General Odile Renaud-Basso to succeed Sir Suma Chakrabarti as EBRD president

(PRESS RELEASE) LONDON, 8-Oct-2020 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD) announces that its Board of Governors has elected Odile Renaud-Basso of France as its next President. Currently Director-General at the French Treasury, Ms Renaud-Basso replaces Sir Suma … Read the full press release

Heads of seven multilateral institutions issued joint statement on trade facilitation assistance at World Bank/IMF Annual Meeting

African Development Bank Asian Development Bank European Bank for Reconstruction and Development European Investment Bank Inter-American Development Bank International Monetary FundWorld Bank Group Washington, D.C., United States, 15-10-2013 — /EuropaWire/ — The Ninth WTO Ministerial Conference in Bali, Indonesia on 3-6 December … Read the full press release