WASHINGTON, D.C. – The U.S. International Development Finance Corporation (DFC) today announced it will provide project development funding for the Harena Rare Earths plc (LSE: HREE, OTCQB: CRMNF) rare earth mine in Madagascar. The funding, announced during the American Mining Industry event held at U.S. Department State, marks DFC’s first mining investment in Madagascar, advances the development of a strategically important source of rare earth elements essential to U.S. advanced manufacturing, and builds on DFC’s strategic portfolio of rare earths assets,...

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EIB and BIIC deploy €100 million in financing, guaranteed by European Commission, in support of agricultural value chains that are key for Beninese economy and European industries. Operation strengthens strategic sectors – cotton/textiles, soya and cashew – that are essential for agro‑industrialisation and job creation in Benin and for security and diversification of EU supply chains in line with the EU Global Gateway strategy. Financing agreement signed under “Women for Stronger Communities and Growth” initiative to support economic...

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EIB President Nadia Calviño is visiting Morocco to reaffirm the Bank’s long-standing partnership with the Kingdom and stepped-up support for shared priorities in sustainable infrastructure, climate action and resilience, at a time of renewed momentum in EU–Morocco relations. As the financing arm of the European Union, the EIB announced €365 million in investments in Morocco’s transport sector. These operations will strengthen the resilience and security of Morocco’s motorway network and national railway system. The railway operation also benefits from a...

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WASHINGTON, D.C. – The U.S.–Ukraine Reconstruction Investment Fund (URIF) held its fourth board meeting on Wednesday, June 24, on the sidelines of the Ukraine Recovery Conference in Gdańsk, Poland. At the meeting, URIF’s Board of Directors discussed the landmark cooperation agreement between the U.S. International Development Finance Corporation (DFC) and the Multilateral Investment Guarantee Agency (MIGA) – the home of the World Bank Group Guarantee Platform – that will support Political Risk Insurance (PRI) for URIF investments. The cooperation...

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Mulembwe is a 17MW hydro-power plant Project is a collaboration between the Government of Burundi and its development partners, notably African Development Bank Group, European Investment Bank (EIB Global), European Commission and World Bank Group. The Mulembwe hydroelectric power plant in Burundi was officially inaugurated by the country’s Prime Minister of Burundi, Nestot Ntahontuye, marking a new milestone in national efforts to strengthen electricity production in Burundi. The inauguration of the Mulembwe hydroelectric power plant (17 MW), following that of...

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The U.S. International Development Finance Corporation (DFC) yesterday signed a cooperation agreement with the Multilateral Investment Guarantee Agency (MIGA), the home of the World Bank Group Guarantee Platform, to establish a political risk insurance (PRI) framework for the United States-Ukraine Reconstruction Investment Fund (URIF). This framework is intended to catalyze and support opportunities for private sector investment and mobilization in Ukraine in connection with the fund’s investments. “This agreement with MIGA marks another important milestone with URIF and furthers the...

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Water infrastructure improvements in 43 towns expected to benefit more than 2 million people The programme has been supported by Team Europe partners, including the European Investment Bank (EIB Global), the French Development Agency (AFD), the Italian Agency for Development Cooperation (AICS), and the European Commission. The Ministry of Water and Energy of Ethiopia has completed the €75 million Urban Water Supply and Sanitation Programme, a landmark initiative that has significantly improved access to clean water and sanitation services...

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The European Union, including the European Investment Bank (EIB), and partner development finance institutions have signed the Global Green Bond Initiative (GGBI) Fund, a new public-private investment tool to mobilise up to €20 billion of private capital for sustainable infrastructure projects in low- and middle-income countries. The GGBI Fund is one of the three pillars of the Global Green Bond Initiative, a flagship of the EU's Global Gateway strategy. It aims to unlock up to €3 billion in green bonds in partner countries...

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