News and Intelligence for the Development Finance Industry
The International Finance Corporation (IFC) has proposed investing up to $200 million to support the rollout of 13.6 million smart electricity meters in India’s Rajasthan state, backing a large-scale effort to modernise the country’s power distribution network. The proposed financing would support nine special purpose vehicles (SPVs) sponsored by Gemstar Infra Pte Ltd, a joint … Read more
Private equity firm ACON Investments is seeking to raise $400 million for its latest Latin America-focused fund, with Dutch development bank FMO planning to commit capital at the vehicle’s first close, according to project documents seen by DevFiNews. The fund is part of ACON’s goal to expand access to growth financing for mid-sized companies across the … Read more
Dutch development bank FMO plans to provide up to $80 million in financing to Solarcentury Power (SCP) to refinance operating solar assets in Zambia and Namibia, according to project documents seen by DevFiNews. The proposed financing will also support the development of a planned 113-megawatt solar project in Botswana, according to project information released by … Read more
The U.S. International Development Finance Corporation (DFC) has approved $2.5 billion in new strategic investments, including a record $1.5 billion commitment to an Indo-Pacific energy infrastructure platform focused on South and Southeast Asia, underscoring Washington’s growing use of development finance to advance energy security and supply chain resilience. The energy platform, which DFC will establish … Read more
The International Finance Corporation (IFC) is considering a debt financing package of up to $300 million for four Moroccan subsidiaries of Egypt’s Pickalbatros Group to fund hotel acquisitions, refurbishments and debt refinancing, according to project documents seen by DevFiNews. The proposed investment includes an IFC A loan of up to $165 million, partially de-risked through … Read more
The International Finance Corporation (IFC) plans to invest up to $100 million in an adaptation and resilience blue bond to be issued by Jordan’s Arab Bank, in a proposed transaction aimed at expanding private-sector financing for water security projects in one of the world’s most water-scarce countries. The World Bank Group member’s proposed subscription will … Read more
International Finance Corporation (IFC), a member of the World Bank Group, is considering a $20 million senior loan to Vista Bank Burkina to expand lending to small businesses in Burkina Faso, using blended finance support to help de-risk credit in a challenging market. The proposed five-year facility will be disbursed in two equal euro-denominated tranches, … Read more
The International Finance Corporation (IFC) is considering an equity investment of up to 20 million euros ($22.6 million) in a Southeast Europe-focused private equity fund managed by BlackPeak, as development finance institutions look to channel more institutional capital into underserved emerging European markets. The proposed investment would support BlackPeak SEE Growth Equity Fund II SCSp, … Read more
Pakistan’s Habib Bank Limited (HBL) is set to issue the country’s first green bond by a commercial bank, with the International Finance Corporation (IFC) proposing an investment of up to $100 million to support climate-related lending in the South Asian nation. The proposed investment, structured as a private placement with a tenor of up to … Read more
Honduran lender Banpais is set to secure a proposed $130 million IFC-led financing package to expand lending to small businesses, women-owned enterprises, and sustainable finance projects, including renewable energy, in Honduras. The package comprises a $95 million senior loan facility, including $25 million from the International Finance Corporation (IFC)’s own account and $70 million from … Read more