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ADB Backs Fiji's Crisis Response and Long-Term Resilience with $210 Million

Fiji, Sept. 16 -- The Asian Development Bank (ADB) will deploy $210 million to help Fiji contain the economic fallout from the Middle East conflict, protect households and businesses, and prepare for ... Read More


KOAFEC 2026: African Development Bank and Korea's Export-Import Bank strengthen partnership to finance Africa's strategic priorities

South Korea, Sept. 16 -- The African Development Bank Group (AfDB) and the Export-Import Bank of Korea (KEXIM) have signed a new memorandum of understanding to deepen co-financing cooperation on proje... Read More


African Development Bank and Korea's National Information Society Agency deepen partnership on Africa's AI and Digital Transformation

South Korea, Sept. 16 -- The African Development Bank and the Korean National Information Society Agency (NIA) signed a letter of intent on Wednesday, laying the groundwork for an expanded partnership... Read More


KOAFEC 2026: African Development Bank, KAIST sign agreement to advance Africa's digital transformation

South Korea, Sept. 16 -- The African Development Bank Group and the Korea Advanced Institute of Science and Technology (KAIST) have signed a letter of intent to promote digital transformation in Afric... Read More


EIF leverages EU recovery and resilience funds to inject €1.6 billion into Polish businesses

Luxembourg, Sept. 16 -- The European Investment Fund (EIF) has signed new guarantees to deliver €1.6 billion in attractive and accessible financing to some 10,000 small and medium-sized enterpri... Read More


EBRD and GCF launch Mongolia GEFF Greening Financial Systems framework

Mongolia, Sept. 16 -- The European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) are encouraging more households and businesses in Mongolia to invest in green and inn... Read More


EBRD and EU boost trade finance in Iraq

Iraq, Sept. 16 -- The European Bank for Reconstruction and Development (EBRD) is boosting trade finance in Iraq by providing a limit of up to US$ 25 million (€21.3 million) to Bank of Baghdad, o... Read More


EBRD supports growth of Kenya's local-currency market

Kenya, Sept. 16 -- The European Bank for Reconstruction and Development (EBRD) has concluded a US$ 50 million (€43.1 million) cross-currency swap agreement with the Co-operative Bank of Kenya th... Read More


IDB Approves $50 Million Program to Strengthen Economic Statistics in El Salvador

El Salvador, Sept. 16 -- The Board of Executive Directors of the Inter-American Development Bank (IDB) approved a $50 million loan to support El Salvador's Economic Statistics Strengthening Program, a... Read More


Michael Kremer Appointed as World Bank Group Chief Economist

United States, Sept. 16 -- World Bank Group President Ajay Banga announced that Nobel laureate Michael Kremer has been appointed as World Bank Group Chief Economist and Senior Vice President for Devel... Read More