EBRD, EU launch risk-sharing facility to boost MSME lending in Montenegro

EBRD Montenegro

The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) have launched a portfolio risk-sharing facility in Montenegro aimed at expanding financing for micro, small and medium-sized enterprises (MSMEs), as development institutions increase their use of guarantees to mobilize private-sector lending in the Western Balkans. The facility, launched in Podgorica, is co-funded … Read more

Zafiri targets $300m to scale distributed energy in Africa with IFC backing

Zafiri IFC

Proposed distributed renewable energy investment vehicle Zafiri is targeting an initial capitalization of $300 million to scale off-grid and decentralized energy solutions across Sub-Saharan Africa, according to documents seen by DevFiNews. The move higlights a shift toward blended and permanent capital structures in development finance. International Finance Corporation (IFC), a member of the World Bank … Read more