hedgeable EM currency (MXN) · LatAm (home turf) · real-sector borrower (Infrastructure) · pre-approval (early timing) · board date ahead (2026-08-31) · hard-currency capex · sponsor identified by name
Enlight Partners, L.P. (“Enlight” or the “Company”) is the leading distributed generation (“DG”) and battery energy storage systems (“BESS”) provider for commercial and industrial (“C&I”) customers in Mexico, serving a diversified base of industrial and commercial clients nationwide.IFC proposes to finance the design, engineering, construction, installation, and operation of a portfolio of solar DG and BESS projects for an aggregate installed capacity of 106 MWp of solar DG and 293 MWh of BESS.
Sponsor: Enlight is jointly owned by the Ahumada family including the Company’s founders and management team, and Illuminent Capital Partners, LLC, a U.S.-based family office, both long-term investors supporting the Company’s growth.
Enlight desarrolla un portafolio de solar DG y BESS en México que genera ingresos en MXN por ventas a clientes C&I, mientras que gran parte del capex, equipos y la posible financiación (IFC / deuda de proyecto) estarán denominados en USD. Esto crea riesgo de descalce FX entre ingresos en pesos y servicio de deuda / desembolsos en dólares, con exposición concentrada en la fase de construcción y primeros años de operación.
Inicialmente, un strip de forwards (o NDFs según accesibilidad) cubriendo los desembolsos de capex y el cronograma de servicio de deuda para los primeros 18–24 meses; complementar con opciones tipo costless collars en la ventana operativa temprana para limitar costo del hedge sin renunciar totalmente a apreciación del MXN.
ContactoCFO o responsable de tesorería en NZF III S de RL de CV (Enlight / Grupo Enerclima).
IFC propone financiar el diseño y construcción de 106 MWp de solar DG y 293 MWh de BESS, implicando desembolsos y deuda potencial en USD durante la construcción.
Borrador de outreach (generado por el motor)Hello, I'm with Hedgeway, an institutional FX advisor. I saw IFC’s Enlight NZF project (106 MWp solar, 293 MWh BESS) and wanted to flag a USD/MXN mismatch risk: revenues in MXN vs likely USD capex and debt/disbursements. We structure forwards/NDFs and option strategies for project timelines. Would you have 15 minutes for a quick call to review a tailored hedging approach for the construction and early debt service period?
hedgeable EM currency (BRL) · LatAm (home turf) · real-sector borrower (Infrastructure) · pre-approval (early timing) · board date ahead (2026-09-30) · hard-currency capex · sponsor identified by name
The Project consists of supporting the short-term capex growth of Evolution Mobility S.A. (“EVM”), a Brazil-based Fleet-as-a-Service (FaaS) platform focused exclusively on battery electric vehicles (BEVs) for last-mile logistics and commercial operations. EVM provides long-term, inflation-linked leasing contracts (typically 5–8 years) bundled with value-added services including fleet diagnostics, vehicle procurement, maintenance management, charging infrastructure, digital fleet monitoring, and operational support.EVM is a first mover in Brazil’s commercial BEV FaaS segment and currently opera
Sponsor: EVM was founded in December 2023 and is owned and controlled by Patria Infrastructure Fund V (PIF V), a flagship Latin American infrastructure fund managed by Patria Investments with a diversified portfolio across logistics and transportation, energy, digital infrastructure, and environmental services assets. Patria is a leading alternative investment manager in Latin America with a long track rec
hedgeable EM currency (GEL) · real-sector borrower (Energy) · pre-approval (early timing) · board date ahead (2026-09-09) · USD-denominated financing · debt financing (FX liability) · hard-currency capex · client contact published (email)
A senior loan of up to USD 19.6 million (EUR 17.2 million) in favour of Kakhetis Mze LLC, Mzis Veli LLC, Veli LLC and Alaznis Mze LLC (the "Companies" or, the ''Borrowers''), a limited liability companies established for the purpose of construction and development of a 52.8 MW Solar Power Plants (SPP) in Georgia (the "Project").
Veli SPP comprende cuatro sociedades georgianas que desarrollarán una planta solar de 52,8 MW con un préstamo senior de hasta USD 19,6 millones, mientras sus ingresos y costes operativos pueden estar denominados principalmente en GEL. Una depreciación del GEL frente al USD elevaría el coste local del servicio de deuda y podría generar un descalce adicional durante los desembolsos de construcción y la compra de equipos.
Inicialmente, un strip de forwards o NDFs USD/GEL a 12 meses para cubrir el servicio de deuda previsto, complementado con coberturas escalonadas sobre los desembolsos USD de construcción y capex. La cobertura debería ajustarse al calendario real de drawdowns y a la moneda contractual de los ingresos del proyecto.
ContactoCFO, tesorero o responsable financiero del grupo de prestatarios — Kakhetis Mze LLC, Mzis Veli LLC, Veli LLC y Alaznis Mze LLC — empezando por la entidad que centralice la financiación del proyecto.
El proyecto Veli SPP contempla una financiación senior de hasta USD 19,6 millones para construir 52,8 MW solares en Georgia, creando una exposición clara entre deuda en USD y flujos operativos potencialmente en GEL.
Borrador de outreach (generado por el motor)Hello, I’m reaching out regarding IFC’s Veli SPP project, a 52.8 MW solar development in Georgia financed with up to USD 19.6 million. If project revenues and operating cash flows are primarily in GEL, USD debt service and construction-period drawdowns could create material FX exposure as GEL moves. We help project companies source institutional hedging for these exposures. Would you be open to a 15-minute call to compare the project’s currency profile and potential hedge structure?
hedgeable EM currency (ZMW) · real-sector borrower (Tourism, Retail and Property) · pre-approval (early timing) · board date ahead (2026-09-15) · USD-denominated financing · debt financing (FX liability) · sponsor identified by name
The proposed IFC investment is an up to US$50 million A Loan to Zebra Manufacturing Limited (“Zebra Manufacturing”) and Future Africa International Trading FZE (“Future Africa”) (together, the “Borrowers”) to finance (i) the development of a Hilton-branded hotel in Lusaka, Zambia (“Hilton Lusaka”); and (ii) development of a warehousing facility in Djibouti (“Djibouti Warehouse”) (together, the “Project”).
Sponsor: Zebra Manufacturing is owned by Mr. Yemane Berhe Weldeslassie (50%) and Mr. Daniel Berhe Weldeslassie (50%). Future Africa is owned by Mr. Daniel Berhe Weldeslassie (100%).
El proyecto contempla hasta US$50 millones de financiación IFC en dólares para desarrollar el Hilton Lusaka y un almacén en Djibouti, mientras que el hotel generará principalmente ingresos y gastos operativos en ZMW. El riesgo central es el descalce entre el servicio de deuda y el capex importado en USD frente a flujos en kwacha, especialmente durante la construcción y el ramp-up; la exposición en DJF es menor por su vinculación al dólar.
Iniciar con un strip de forwards o NDFs USD/ZMW a 6-12 meses para cubrir los desembolsos de deuda y pagos de capex del Hilton Lusaka, escalonados según el calendario de construcción. Posteriormente, añadir una cobertura rolling de 90-180 días sobre el servicio de deuda, ajustada a la generación de caja del hotel.
ContactoCFO, tesorero o responsable financiero del grupo en Zebra Manufacturing Limited y Future Africa International Trading FZE, los dos Borrowers del proyecto; si existe una función financiera central, priorizar al Group CFO de las entidades controladas por los accionistas de Asmara Holdings Limited.
El proyecto busca hasta US$50 millones de IFC para financiar simultáneamente un Hilton-branded hotel en Lusaka y un almacén en la zona franca de Damerjog, creando una necesidad clara de gestionar pagos en USD frente a ingresos futuros en ZMW.
Borrador de outreach (generado por el motor)I’m reaching out regarding the IFC project Asmara Group ZM-DJ and its proposed US$50 million facility for Hilton Lusaka and the Djibouti Warehouse. The Lusaka hotel is likely to face a currency mismatch between USD capex and debt service and future ZMW operating cash flows, particularly during construction and ramp-up. We help emerging-market borrowers structure forwards and NDFs around funding and repayment dates. Would you be open to a 15-minute call to compare the likely exposure and hedging approach?
hedgeable EM currency (ZAR) · real-sector borrower (other) · pre-approval (early timing) · board date ahead (2026-09-15) · USD-denominated financing · sponsor identified by name
IFC is considering an investment package of up to ZAR300 million (~US$18 million) in a special purpose vehicle (“Pula SPV”), managed by Live Easy Property Management (Pty) Ltd (“Live Easy” or “the Company”), a South African property development and management company specializing in affordable urban rental housing (the “Project”).The Company’s offering is based on a “nano-unit” concept — compact, self-contained apartments with a kitchenette and bathroom. Live Easy’s model involves acquisition of underutilized or distressed office buildings and converting them into residential rental assets, ty
Sponsor: Live Easy is a wholly owned subsidiary of Twentyfive, which is owned 60% by Mr. Jeffrey Froom and 40% by Mr. James Huff (together, the “Sponsors”) through their respective family trust vehicles.The shareholders of the Project company (the Pula SPV) are expected to include Twentyfive (4.5%), Kagiso Capital (24%)—an existing institutional investor in a prior SPV—IFC (up to 20%), and other institutio
Live Easy genera ingresos de alquiler principalmente en ZAR, mientras que la ampliación del portafolio puede incorporar financiación, equity institucional o compras de equipos y materiales vinculados al desarrollo con referencia en USD. El riesgo concreto es un descalce entre ingresos en ZAR y obligaciones o costes en USD durante la adquisición y conversión de inmuebles, especialmente si el desembolso de hasta ZAR300 millones se ejecuta por fases y el tipo de cambio afecta el presupuesto de capex.
Cobertura inicial mediante forwards o NDFs rolling de 3-6 meses sobre las necesidades confirmadas de USD asociadas al capex y a los desembolsos del Pula SPV, renovados conforme avance cada conversión. Si existe deuda o financiación denominada en USD, añadir un strip de forwards alineado con el calendario de servicio y desembolsos.
ContactoCFO, director financiero o tesorero de Live Easy Property Management (Pty) Ltd, la entidad operadora y gestora del Pula SPV; en paralelo, validar con el CFO de Twentyfive 15 (Pty) Ltd si centraliza la financiación o las compras de desarrollo.
El proyecto Live Easy contempla hasta ZAR300 millones para adquirir y convertir inmuebles en nuevas viviendas nano, después de que el grupo ya haya entregado 5.516 unidades.
Borrador de outreach (generado por el motor)I’m reaching out regarding IFC’s Live Easy project in South Africa. The Pula SPV plans to deploy up to ZAR300 million to acquire and convert properties into affordable rental units, creating potential USD/ZAR exposure if imported capex, financing, or investor-related obligations are settled in USD while rental income remains in ZAR. We help property groups structure institutional FX hedges around phased project spending and debt service. Would you be open to a 15-minute call to compare the current funding and currency profile?
hedgeable EM currency (BRL) · LatAm (home turf) · pre-approval (early timing) · board date ahead (2026-09-09) · USD-denominated financing · debt financing (FX liability)
Itau Unibanco Holding SA 16133-01 FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented. FI-2 Brazil Financial Inst
hedgeable EM currency (COP) · LatAm (home turf) · pre-approval (early timing) · board date ahead (2026-09-24) · USD-denominated financing · debt financing (FX liability)
KREDIT PLUS SA 15550-01 FI-3 operations are those where the risk potential is considered low: the FI’s current or future portfolio consists of financial exposure to business activities that predominantly have minimal or no adverse environmental and social impacts. FI-3 Colombia Financial Institutions Proposed 08/24/2026 Projected date at which a project will be put forward for the Board of Executive Directors’ approval. 09/24/2026 N/A N/A N/A Financial Institutions Division Domestic Bond N/A USD $ 30,564,500 COP The project consists of IDB Invest’s subscription to an Asset-Backed Securities (“
hedgeable EM currency (TJS) · real-sector borrower (Transport) · pre-approval (early timing) · board date ahead (2026-10-21) · debt financing (FX liability) · client contact published (email)
The proposed sovereign loan of up to € 49.2 million to the Republic of Tajikistan will help to upgrade a 56 km road corridor between Baljuvon and Sari Khosor in the Khatlon Region of Tajikistan. The current road is largely unpaved and vulnerable to flooding, erosion and seasonal weather disruptions, limiting the access of local communities to essential social services and economic opportunities.
hedgeable EM currency (KZT) · real-sector borrower (Transport) · pre-approval (early timing) · board date ahead (2026-09-09) · debt financing (FX liability) · client contact published (email)
The Bank will provide a convertible loan (the "Loan") to Jet Group Ltd (the "Company"), a Kazakhstan-based micromobility operator with operations across Central Asia, the Caucasus and Latin America. The financing will be used for (i) expanding of the Company's electric two-wheelers fleet in Central Asia and Caucasus region and (ii) co-financing of Jet's proprietary software development.
hedgeable EM currency (GYD) · LatAm (home turf) · pre-approval (early timing) · USD-denominated financing · debt financing (FX liability) · hard-currency capex
2020 FMCG INC 16025-01 Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation. B Guyana Energy Proposed 08/11/2026 Projected date at which a project will be put forward for the Board of Executive Directors’ approval. N/A N/A N/A N/A Infrastructure and Energy Division N/A N/A USD $ 5,000,000 USD The Transaction is a committed, unsecu
hedgeable EM currency (MYR) · real-sector borrower (Health, Education and Life Sciences) · pre-approval (early timing) · USD-denominated financing · sponsor identified by name
The proposed IFC investment is an equity investment of S$26 million (US$20 million equivalent) as a cornerstone investor in the Initial Public Offering (“IPO”) of Foundation Healthcare Holdings Limited (“FHH” or the “Company”). The Company will use the IFC proceeds to support its expansion in Malaysia (the “Project”).
Sponsor: Following completion of the IPO, FHH will be a public company listed on the Mainboard of the SGX-ST. Its key shareholders include SeaTown Private Capital Master Fund, a private equity fund managed by SeaTown Holdings International Pte. Ltd, a leading Asia-focused alternative investment firm owned by Seviora, Temasek’s asset management group. The other key shareholders are the Company's founders, M
hedgeable EM currency (INR) · real-sector borrower (Health, Education and Life Sciences) · pre-approval (early timing) · debt financing (FX liability) · sponsor identified by name
Krishna Institute of Medical Sciences Limited (“KIMS” or the “Company”) is a multi-disciplinary integrated healthcare services provider with a focus on tertiary and quaternary healthcare in India. IFC has invested INR 1,500 million by subscribing to equity shares as part of the Company’s recently concluded qualified institutional placement (QIP). IFC’s investment is expected to support the growth of the Company and in reduction of debt of the Company and/ or its Subsidiaries (“Project”).
Sponsor: KIMS was founded by Dr. B. Bhaskar Rao Bollineni, a cardiothoracic surgeon who serves as Chairman and Managing Director. The CEO of KIMS is Dr. Abhinay Bollineni. KIMS went public on Indian stock exchanges in June 2021 and is listed on the Indian stock exchanges. The Company is governed by a nine-member Board with a majority of five independent directors. As of March 31, 2026, the promoter group a
hedgeable EM currency (TRY) · real-sector borrower (Infrastructure) · pre-approval (early timing) · debt financing (FX liability) · sponsor identified by name
The proposed transaction involves IFC acquiring a minority equity stake in Ulug Enerji Dagitim Ve Perakende Satis Hizmetleri Anonim Sirketi (Ulug or the Company), a leading private electricity distribution and retail group in Turkiye. In addition to the proposed equity investment, IFC also intends to provide an A-Loan and mobilize long-term debt to support the Company's network expansion, grid modernization, and digitalization program, as well as climate resilience initiatives. The investment will further support the Company's regulated capital expenditure program for the 2026 - 2030 period.
Sponsor: The Company is wholly owned by Uludag Power Networks UK Limited, which is in turn ultimately owned by the Actis Long Life Infrastructure Fund (ALLIF).
hedgeable EM currency (NGN) · real-sector borrower (Food and Agribusiness) · USD-denominated financing · debt financing (FX liability) · client contact published (email)
Provision of a senior loan of up to USD 25 million in favour of Johnvents Foods Limited ("JV Foods") and Noble-Eagle Industries Limited ("NEIL"), the "Borrowers", two subsidiaries of Johnvents HoldCo Limited and together with its subsidiaries "Johnvents Group" (the "Group") to finance the Borrowers' investment program in Nigeria.
hedgeable EM currency (KZT) · real-sector borrower (Manufacturing and Services) · USD-denominated financing · debt financing (FX liability) · client contact published (email)
The provision of a senior loan of up to US$ 11 million to Abris Distribution - Kazakhstan LLP, a regional distributor of technology products
hedgeable EM currency (TRY) · real-sector borrower (Food and Agribusiness) · USD-denominated financing · debt financing (FX liability) · client contact published (email)
The facility consists of a loan to Yeni Magazacilik A.S. (the "Company") in the amount of USD 250 million (EUR 219 million equivalent). The loan comprises an "A Loan" of USD 200 million (EUR 175.2 million equivalent) for the Bank's own account, and a "B Loan" of USD 50 million (EUR 43.8 million equivalent) syndicated to Dutch Entrepreneurial Development Bank ("FMO").
hedgeable EM currency (MYR) · real-sector borrower (Telecommunications and Technology) · pre-approval (early timing) · sponsor identified by name
The proposed transaction involves a financing package for AirTrunk’s 150+ MW fully contracted hyperscale data center in Johor, Malaysia (JHB1) and a 270+ MW greenfield data center to be developed on an adjacent site (JHB2) (together, the Project).
Sponsor: AirTrunk’s key shareholders include Blackstone and Canada Pension Plan Investment Board (CPPIB). Blackstone is a global alternative asset manager and CPPIB is a global investment management firm.
hedgeable EM currency (EGP) · real-sector borrower (Transport) · debt financing (FX liability) · hard-currency capex · client contact published (email)
Provision of a senior loan of up to EGP 465 million (circa EUR 8.3 million equivalent) to GB Logistics ("GBL" or the "Company"), to finance the construction of up to three new warehouses and procurement of up to five electric trucks and associated charging stations (the "Project"). The loan is expected to be secured by a corporate guarantee from GB Corp (the "Guarantor" or the "Group"). The Project is expected to be co-financed by a EUR 400,000 investment grant from the EBRD Shareholder Special Fund ("SSF") and FINTECC, to support the procurement of the electric trucks.
hedgeable EM currency (MAD) · real-sector borrower (Natural Resources) · debt financing (FX liability) · hard-currency capex · client contact published (email)
Provision of up to MAD 243 million (c. EUR 22.6 million) loan to PROCANEQ Maroc SA, a Moroccan mining services contractor providing phosphate extraction and transportation services to OCP at the Khouribga and Benguerir mines. The facility will finance (i) capital expenditure for the acquisition of mining equipment and (ii) the refinancing of the Bank's existing exposure under OpID 54365.
hedgeable EM currency (RON) · real-sector borrower (Energy) · debt financing (FX liability) · hard-currency capex · client contact published (email)
The Project involves the provision of a senior secured loan of EUR 55 million and a debt service reserve facility of EUR 1.8 million as part of a club financing to support the development, construction and operation of a 342 MWp solar photovoltaic power plant and a 150 MW / 300 MWh co-located battery energy storage system in Romania. The Project is expected to generate approximately 435.91 GWh of renewable electricity annually and will combine utility-scale solar generation with battery storage, thereby enhancing the flexibility and resilience of the Romanian power system. The loan is expected
hedgeable EM currency (BRL) · LatAm (home turf) · financial institution (runs own desk) · pre-approval (early timing) · board date ahead (2026-09-07) · USD-denominated financing · debt financing (FX liability) · sponsor identified by name
The proposed project is an unfunded trade finance facility under IFC's Global Trade Finance Program (GTFP) in an aggregate amount of US$250 million with Banco Bradesco (Bradesco or the Bank). The purpose of the proposed IFC trade line is to support Bradesco's trade program. GTFP's investment in the form of a trade line will offer confirming banks partial or full guarantees covering payment risk of the Bank in the Republic of Brazil for their trade-related transactions.
Sponsor: Banco Bradesco S.A. (Bradesco or the Bank) is one of the largest financial institutions in Brazil, serving individuals, companies of all sizes, and national and international organizations, offering a broad range of financial products and services including credit operations, deposit-taking, credit cards, insurance, pension plans, asset management, leasing, payment processing, and securities broke
hedgeable EM currency (COP) · LatAm (home turf) · financial institution (runs own desk) · pre-approval (early timing) · board date ahead (2026-09-15) · USD-denominated financing · debt financing (FX liability) · sponsor identified by name
The proposed investment consists of up to US$30 million equivalent in Colombian pesos (COP) or up to 20% of the total commitments in Compartimento Deuda of Fondo de Deuda Corporativa Local Colombia - COPCO I (COPCO I or the Fund), a closed‑end, COP‑denominated private debt vehicle in Colombia that will provide long-term financing to medium and commercial enterprises (the Project). The Fund will be managed by VC Asesores de Inversion Colombia S.A.S (Vinci Compass Colombia or the GP), the Colombian subsidiary of Vinci Compass Investments Ltd. (Vinci Compass).
Sponsor: Vinci Compass Colombia is the Colombian subsidiary of Vinci Compass, one of Latin America’s largest asset managers created in 1995 and an existing IFC relationship. In November 2024, Vinci Partners Investments Ltd. and Compass Group Asset Management Holding SLU announced a business combination to create Vinci Compass. Vinci Compass has 30 years of asset management experience in the region, managin
hedgeable EM currency (BAM) · real-sector borrower (Municipal Infrastructure) · debt financing (FX liability) · client contact published (email)
Provision of a sovereign loan of up to €10 million to Bosnia and Herzegovina ("BiH"), to be on-lent to the City of Zivinice (the "City") through the Federation of Bosnia and Herzegovina ("FBiH"), to finance the reconstruction of water supply and wastewater systems in Zivinice (the "Project"). The Project is expected to be co-financed with an investment grant in the amount of up to €20.9 million from the European Union through the Western Balkans Investment Fund ("WBIF") and a €5 million contribution from the City. The Project will be implemented by JP Vodovod i Kanalizacije d.o.o. ("the Compan
hedgeable EM currency (EGP) · real-sector borrower (Energy) · pre-approval (early timing)
hedgeable EM currency (UZS) · real-sector borrower (Energy) · pre-approval (early timing)
hedgeable EM currency (UZS) · real-sector borrower (Energy) · pre-approval (early timing)
hedgeable EM currency (PEN) · LatAm (home turf) · financial institution (runs own desk) · pre-approval (early timing) · board date ahead (2026-10-07) · USD-denominated financing · debt financing (FX liability)
Alfin Banco S.A. 16013-01 FI-3 operations are those where the risk potential is considered low: the FI’s current or future portfolio consists of financial exposure to business activities that predominantly have minimal or no adverse environmental and social impacts. FI-3 Peru Financial Institutions Proposed 07/31/2026 Projected date at which a project will be put forward for the Board of Executive Directors’ approval. 10/07/2026 N/A N/A N/A Financial Institutions Division Loan N/A USD $ 20,000,000 USD Alfin Banco S.A. and IDB Invest are evaluating a senior loan for total amount of up to US$30
hedgeable EM currency (BRL) · LatAm (home turf) · financial institution (runs own desk) · pre-approval (early timing) · board date ahead (2026-09-30) · USD-denominated financing · sponsor identified by name
The proposal is for a potential equity investment of US$15 million, capped at 20% of total commitments, along with a US$15 million co-investment envelope, into Treecorp Fund IV (Treecorp IV or the Fund), a growth equity fund targeting US$200 million of commitments to invest in small to mid-cap companies in Brazil.The Fund aims to build a portfolio of 6 to 8 investments, with ticket sizes ranging from US$20 million to US$30 million. The Fund will invest in the following sectors: (i) services; (ii) consumer & retail; (iii) financial services; (iv) healthcare; and (v) technology. The Fund will be
Sponsor: Treecorp is a Brazilian growth equity firm focused on small and mid-cap companies. Founded in 2010 and led since its early days by Managing Partners Luis Filipe Lomonaco, Danilo Just Soares, and Bruno Levi D’Ancona, the firm was built to fill a structural gap in Brazilian private equity: the lack of institutional-grade managers serving founder-led businesses that fall below the radar of large dome
hedgeable EM currency (KGS) · real-sector borrower (Municipal Infrastructure) · debt financing (FX liability)
A sovereign loan of up to €6 million to the Kyrgyz Republic, to be on-lent to the City of Manas for the benefit of the municipal enterprise "Management of Vodokanal" to finance the expansion of the City's wastewater treatment plant. The EBRD loan will have a tenor of 18 years, including a 4-year grace period. The Project will be co-financed by an investment grant of up to €2 million from the EBRD Shareholder Special Fund ("SSF") and/or other international donors. The transaction is proposed under the Integrated Water Resources Management Framework.
hedgeable EM currency (UAH) · financial institution (runs own desk) · pre-approval (early timing) · board date ahead (2026-09-09) · mentions local-currency exposure · debt financing (FX liability) · hard-currency capex
A senior unsecured local currency denominated loan of up to EUR 30 million equivalent to be provided to ProCredit Bank Ukraine ("PCBU") in three equal tranches of EUR 10 million each (the second and third tranche provided on an uncommitted basis). This medium-term local currency funding will be provided under the EBRD's Resilience and Livelihoods Framework and FIF - EaP SMECI Framework and will be used by PCBU for on-lending to private SMEs in Ukraine. Up to EUR 7.5 million will be directed to finance SMEs' long-term investments under the EU4Business-EBRD Credit Line with Incentives (within a
hedgeable EM currency (BRL) · LatAm (home turf) · financial institution (runs own desk) · pre-approval (early timing) · USD-denominated financing · debt financing (FX liability) · sponsor identified by name
IFC’s proposed investment consists of up to US$30 million in AMERRA Natural Capital Credit Fund, LP (the “Fund”), which will be managed by AMERRA Capital Management, LLC (“AMERRA” or “the Fund Manager”). The Fund will provide senior secured private credit to predominantly Brazilian food and agribusiness companies. The financing is expected to support projects that improve productivity, create jobs, and increase resilience in the use of soil, water, and biomass.
Sponsor: AMERRA is a U.S.-based specialized investment manager focused on food and agribusiness private credit in the Americas, with a focus on Brazil. AMERRA was founded in 2009 by Craig Tashjian and Nancy Obler, who maintain a controlling ownership as the main principals.
real-sector borrower (Manufacturing) · pre-approval (early timing) · board date ahead (2026-09-07) · USD-denominated financing · sponsor identified by name
The proposed IFC investment package of up to US$42 million is to support BB Energy Group Holding Ltd. (“BB Energy” or the “Group” or the “Sponsor”), a leading global independent energy trading company, in implementing its US$64 million Liquified Petroleum Gas (LPG) expansion program across the DRC, South Africa, and Zambia (the “Project”). In the DRC, BB Energy will develop a greenfield LPG import terminal in Boma, a filling plant in Kinshasa, and associated distribution infrastructure to promote clean cooking. In South Africa, BB Energy will acquire an ownership stake in an LPG bulk distribut
Sponsor: Established in 1963, BB Energy is a family-owned enterprise that is owned, controlled and managed by members of the Bassatne family. The Group is executing the Project through Deux Rivieres Holding (DRH), its sub-holding company for the LPG expansion. DRH is wholly owned by BB Energy Downstream Ltd (BBED), a key subsidiary of BB Energy, focused on the petroleum downstream sector.
LatAm (home turf) · pre-approval (early timing) · board date ahead (2026-11-02) · USD-denominated financing · debt financing (FX liability)
Suez International SAS 15683-01 Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation. B Panama Water and Sanitation Proposed 08/24/2026 Projected date at which a project will be put forward for the Board of Executive Directors’ approval. 11/02/2026 N/A N/A N/A Infrastructure and Energy Division Loan N/A USD $ 72,000,000 USD The tr
real-sector borrower (Municipal Infrastructure) · pre-approval (early timing) · board date ahead (2026-11-04) · debt financing (FX liability) · client contact published (email)
A senior loan of up to EUR 70 million (the " Loan "), comprising a committed tranche of EUR 35 million and an uncommitted tranche of EUR 35 million, to Zagrebacki Holding d.o.o. (" Zagreb Holding " or the " Borrower "). The Loan will finance the first stage of the City of Zagreb's Urban Revitalisation Improvement Plan, including: (i) the development of underground parking facilities, (ii) the installation of supporting infrastructure for bicycles, and (iii) the preparatory works and infrastructure for the installation of electric vehicles ("EV") charging stations at the Borrower's facilities (
hedgeable EM currency (PLN) · real-sector borrower (Telecommunications Media and Technology)
Equity investment in SP Holding Ltd (UAE incorporated holding vehicle of a Polish operating company RemotePass Z.o.o.)
real-sector borrower (Energy) · pre-approval (early timing) · board date ahead (2026-10-21) · hard-currency capex · client contact published (email)
The operation involves the development, construction, and operation of a hybrid renewables cluster consisting of 156 MW wind, 122 MW photovoltaic (PV) solar and 100 MW / 200 MWh battery energy storage system (BESS) in Klaipeda, Lithuania (the Project).
hedgeable EM currency (KES) · financial institution (runs own desk) · pre-approval (early timing) · board date ahead (2026-09-04) · USD-denominated financing · debt financing (FX liability) · sponsor identified by name
The proposed investment in KCB Bank Kenya Limited (KCBK or the Bank), a systemic bank in Kenya, is a Basel II Tier 2 qualifying subordinated loan of up to US$150 million (including US$100 million for IFC's own account and up to US$50 million in mobilization from B and Parallel lenders). The subordinated loan will enhance KCBK's capital base and support the growth of KCBK's MSME lending portfolio, with a 25% allocation to women-led MSMEs (WMSMEs) (the Project).
Sponsor: KCBK is the largest banking institution in Kenya and the anchor subsidiary of KCB Group (KCBG or the Group), a leading banking group in East Africa with operations across multiple markets. KCBK accounts for 71 percent of the Group's net income as of December 2025, reflecting its dominant franchise in the domestic market, strong corporate and retail banking capabilities, and leadership in digital f
hedgeable EM currency (MXN) · LatAm (home turf) · financial institution (runs own desk) · pre-approval (early timing) · debt financing (FX liability) · sponsor identified by name
IFC proposes to provide an unfunded financial guarantee of up to MXN2,125 million, covering the mezzanine (second-loss) tranche of a reference portfolio performing SME loan exposures originated by BBVA Mexico, S.A., Institucion de Banca Multiple, Grupo Financiero BBVA Mexico (BBVA Mexico). The transaction is structured as a Significant Risk Transfer (SRT) - Bursatilizacion Sintetica. IFC’s guarantee will enable the Bank to use the regulatory capital freed up through the reference portfolio to generate more risk-weighted assets and support its origination lending activities.
Sponsor: BBVA Mexico, S.A., Institucion de Banca Multiple, Grupo Financiero BBVA Mexico is the leading universal financial institution in Mexico, operating across all banking segments corporate, commercial, SME, government, retail, private, and personal banking. As of March 2026, the Bank serves 34 million customers through a network of 1,635 branches, 14,381 ATMs, and 44,718 employees, and is 99.97% owned
multi-country / no single currency · real-sector borrower (Agribusiness and Forestry) · pre-approval (early timing) · board date ahead (2026-09-30) · sponsor identified by name
The Project targets agri feedstock produced regionally in the Republic of Congo (Congo), Mozambique and Angola from crops grown on severely degraded land and intermediate crops in rotation with food crops, certified under EU Renewable Energy Directive (EU-RED III) standards. Production is carried out by aggregators working with local farmers and commercial farmers on their own land. Feedstock is processed in oil extraction plants (Agri Hubs), by Eni Natural Energies S.p.A. (Ene), a subsidiary of Eni S.p.A. (Eni), the Italian integrated energy company operating across the energy value chain in
Sponsor: Ene is wholly owned by Eni - an integrated energy company operating across the energy value chain in 62 countries with over 32,000 employees. It has significant exploration and production activities in conventional oil and gas, markets gas and liquefied natural gas (LNG), and is expanding into new energies and decarbonisation services, including solar and wind power, biofuels, biochemistry, Carbon
real-sector borrower (other) · pre-approval (early timing) · board date ahead (2026-09-30) · sponsor identified by name
Hiwa Rauf for Investment and Development Ltd. (HRID or the “Company”) is a real estate development company established in 2012 in Iraq. HRID is planning to establish an EDGE-certified mixed-use real estate project in Slemani, Iraq comprising residential towers, a mall, a commercial building, a hotel, and a performance center (the “Project”). The Project is expected to be supported by the Concessional Capital Window for non-IDA FCS countries (CCW-FCS) as described in the Blended Finance Section. It will be developed over two phases where IFC financing will initially be directed towards the firs
Sponsor: HRID is fully owned by Mr. Hiwa Rauf.
hedgeable EM currency (INR) · financial institution (runs own desk) · pre-approval (early timing) · board date ahead (2026-09-04) · USD-denominated financing · sponsor identified by name
IFC proposes an equity investment of up to US$20 million and an additional co-investment envelope of up to US$20 million under the delegated authority framework in Trident India Growth Fund I Trust (the Fund), a growth equity fund focused on providing growth capital to companies in India with a key emphasis on: (i) Consumer, (ii) Financial Services, (iii) Manufacturing, (iv) Enterprise Tech, and (v) Healthcare domains.
Sponsor: The Fund will be managed by TGP Advisors LLP (“TGP” or the “Fund Manager”); a limited liability partnership incorporated in India. TGP was founded by Atul Gupta, Rajesh Ramaiah, and Pravan Malhotra.
hedgeable EM currency (UZS) · financial institution (runs own desk) · pre-approval (early timing) · board date ahead (2026-09-04) · USD-denominated financing · sponsor identified by name
IFC’s investment is in the form of UZS denominated common equity investment of up to US$10 million by subscribing to common shares to be issued by Joint-Stock Company “Mortgage Refinancing Company of Uzbekistan” (UzMRC or the Company), to help to maintain its operations on obtaining financing for refinancing mortgage loans. Proceeds of the proposed investment will be used by UzMRC to refinance the residential mortgage portfolios of the Participating Financial Institutions (PFIs) as well as to support UzMRC’s other activities such as new products developments (including green mortgages, afforda
Sponsor: The Government of Uzbekistan (GoU) currently holds approximately 90.4% of UzMRC (34.40% direct via Ministry of Economy and Finance (MoEF) and approximately 56% indirect through state-owned banks). The MoEF's direct stake is planned to decrease from 34.4% to 25% by 2030, as envisaged under Presidential Decree #29 dated February 24, 2026. The remaining 9.6% of shares are owned by 5 private banks (JS
real-sector borrower (other) · pre-approval (early timing) · USD-denominated financing · sponsor identified by name
The proposed Project is an equity investment of up to US$25 million in Jumia Technologies AG (“Jumia” or the “Company”), Africa’s leading e-commerce platform and the first African technology company to list on a major global exchange, namely the New York Stock Exchange (NYSE). The proposed project aims at accelerating Jumia’s growth across its core markets.
Sponsor: Jumia is a publicly traded company, with the majority of its shares held by retail investors, with several institutional investors holding each less than 10 percent of Jumia’s shares. The Company is currently led by Chief Executive Officer (CEO) Francis Dufay and Executive Vice President (EVP) of Finance and Operations Antoine Maillet-Mezeray, supported by an executive team spanning finance, opera
hedgeable EM currency (RSD) · financial institution (runs own desk) · pre-approval (early timing) · board date ahead (2026-09-09) · debt financing (FX liability) · client contact published (email)
A senior loan of up to €10 million under the WB Green Outcomes-Linked Debt Financing Framework ("GOLD" or the "Framework"). The loan will be fully guaranteed by NLB Lease&Go Ljubljana.
hedgeable EM currency (RSD) · financial institution (runs own desk) · pre-approval (early timing) · board date ahead (2026-09-09) · debt financing (FX liability) · client contact published (email)
A senior unsecured loan of up to €10 million under the FIF SME Go Green Programme ("SME Go Green"). The loan will be fully guaranteed by NLB Lease&Go Ljubljana.
hedgeable EM currency (RSD) · financial institution (runs own desk) · pre-approval (early timing) · board date ahead (2026-09-09) · debt financing (FX liability) · client contact published (email)
A senior loan of up to €10 million under the Financial Intermediaries Framework ("FIF") for on-lending to small and medium-sized enterprises ("SMEs") in Serbia. The loan will be fully guaranteed by NLB Lease&Go Ljubljana.
hedgeable EM currency (MAD) · financial institution (runs own desk) · pre-approval (early timing) · board date ahead (2026-09-09) · debt financing (FX liability) · client contact published (email)
Provision of a senior unsecured loan to Banque Centrale Populaire ("BCP"), of up to EUR 25 million or equivalent in MAD, as part of a EUR 65m "GEFF +" Package (including also up to EUR 40 million or equivalent in MAD MidGEFF loan). Up to EUR 6.25 million is expected to be co-financed by the Green Climate Fund ("GCF") and a comprehensive incentive grants and technical assistance package will be funded by the European Union, as part of the Morocco Decarbonisation and Climate Resilience Programme ("MDCR"), as well as the GCF. The proceeds of the loan will be used by BCP for on-lending to private
hedgeable EM currency (MAD) · financial institution (runs own desk) · pre-approval (early timing) · board date ahead (2026-09-09) · debt financing (FX liability) · client contact published (email)
Provision of a senior unsecured loan to Banque Centrale Populaire ("BCP"), of up to EUR 40 million or equivalent in MAD, as part of a EUR 65m "GEFF +" Package (including also up to EUR 25 million or equivalent in MAD GEFF III loan). Up to EUR 3.2 million is expected to be co-financed by Canada through the multi-donor fund High-Impact Partnership on Climate Action ("HIPCA Canada"). A comprehensive Technical Cooperation support for this operation will be funded by the European Union as part of the Morocco Decarbonisation and Climate Resilience ("MDCR"). The proceeds of the loan will be used by B
hedgeable EM currency (MAD) · financial institution (runs own desk) · pre-approval (early timing) · board date ahead (2026-10-15) · debt financing (FX liability) · sponsor identified by name
The proposed investment entails setting up a EUR60 million Distressed Asset Recovery Program (DARP) Facility in Morocco to purchase retail and SME/corporate non-performing loans (NPLs) and real estate owned assets (REOs) (together, the Target Assets) from Moroccan Financial Institutions (FIs). The Facility will be IFC’s first DARP investment in Morocco and will be funded by pari-passu equity investments from IFC and EOS Holding GmbH (EOS or the Sponsor), with each providing up to EUR30 million equivalent (The Project).
Sponsor: EOS is a distressed assets investor and servicer with more than 50 years of experience, with headquarters in Germany. EOS focuses on pricing, acquiring and managing NPL portfolios and REOs, being one of the leading players in the distressed assets market of several European countries and with expertise in both secured and unsecured retail and SME/corporate NPLs. EOS is 100% owned by Otto Group, a
hedgeable EM currency (RSD) · financial institution (runs own desk) · pre-approval (early timing) · board date ahead (2026-09-23) · debt financing (FX liability) · client contact published (email)
A senior unsecured loan of up to €15 million to Banca Intesa Beograd ("BIB"), under the WB Youth in Business Programme.
hedgeable EM currency (RSD) · financial institution (runs own desk) · pre-approval (early timing) · board date ahead (2026-09-23) · debt financing (FX liability) · client contact published (email)
Provision of a senior unsecured loan in the amount of up to €2.5 million to Banca Intesa Beograd ("BIB"), for on-lending to eligible women-led SMEs in line with the criteria under Western Balkans Women in Business Programme Phase II ("WB WiBP II").
hedgeable EM currency (RSD) · financial institution (runs own desk) · pre-approval (early timing) · board date ahead (2026-09-23) · debt financing (FX liability) · client contact published (email)
A senior unsecured loan of up to €10 million under the FIF SME Go Green Programme ("SME Go Green").
hedgeable EM currency (RSD) · financial institution (runs own desk) · pre-approval (early timing) · board date ahead (2026-09-23) · debt financing (FX liability) · client contact published (email)
Provision of a senior unsecured loan of up to €100 million under the EBRD Financial Intermediaries Framework ("FIF") for on-lending to small and medium-sized enterprises ("SMEs") in Serbia.
real-sector borrower (Manufacturing) · pre-approval (early timing) · hard-currency capex · sponsor identified by name
IFC will support the investment program of KONCAR d.d. (KONCAR or the Group, together with its subsidiaries), which includes investments in new production capacity for critical grid equipment, logistics infrastructure, energy efficiency, research and development capabilities, and other initiatives that support the Group’s growth (the Project).
Sponsor: Headquartered in Zagreb, Croatia, KONCAR is a leading South-East European industrial and engineering group that designs, manufactures, and services equipment for critical energy and transport infrastructure. KONCAR is listed on the Zagreb Stock Exchange. Its shareholder base consists predominantly of local institutional investors, including pension funds and insurance companies, with no single con
hedgeable EM currency (UAH) · financial institution (runs own desk) · pre-approval (early timing) · board date ahead (2026-09-09) · debt financing (FX liability) · hard-currency capex
An unfunded risk-sharing instrument (the "Facility") partly covering the credit risk of new sub-loans with a total value of up to EUR 300 million equivalent (the "Covered Portfolio") to be originated by JSC "ProCredit Bank" ("PCBU", the "PFI"). The Facility will include two sub-limits with the Covered Portfolio of: (i) EUR 240 million under the Resilience and Livelihoods Framework ("RLF"), and (ii) EUR 60 million under the EU4Business-EBRD Credit Line with Incentives (assigned with a separate EBRD project number 57712). The Facility will be delivered in four tranches, with Tranche A committed
hedgeable EM currency (ARS) · LatAm (home turf) · financial institution (runs own desk) · USD-denominated financing · debt financing (FX liability)
Banco Macro S.A. is one of Argentina’s leading private universal banks, with total assets of approximately USD 15.9 billion. The bank is distinguished by its strong regional footprint and focus on financial inclusion, serving a broad and diversified client base that includes individuals, SMEs and corporates. Banco Macro has approximately 6.4 million retail customers and a significant corporate franchise of around 200,000 companies, positioning it as one of the country’s largest and most relevant financial institutions. FMO is acting as a B participant, contributing with a USD 20 million senior
hedgeable EM currency (PHP) · financial institution (runs own desk) · pre-approval (early timing) · USD-denominated financing · debt financing (FX liability) · sponsor identified by name
The proposed investment is IFC’s subscription of up to US$200 million or its equivalent in PHP in a sustainability bond with a tenor of 5 years to be issued by Union Bank of the Philippines (UBP or the Bank) to support the Bank's growth of its eligible green and social assets (the Project). The issuance will be UBP’s first sustainability bond, which will adhere to ICMA’s Sustainability Bond Principles. The proposed investment is part of IFC’s broader programmatic approach in the Philippines to deepen capital markets for sustainability-related thematic bonds, building on the country's successfu
Sponsor: UBP is the 8th largest publicly listed bank in the Philippines with total assets of approximately US$19.7 billion as of December 2025. The Bank provides various financial products and services such as corporate, middle market, retail lending, deposits, investment, treasury and capital market services, trust and fund management, as well as remittance services. The Bank was incorporated in 1968 and
hedgeable EM currency (INR) · financial institution (runs own desk) · pre-approval (early timing) · USD-denominated financing · debt financing (FX liability) · sponsor identified by name
IFC has invested an amount of US$100 million in L&T Finance Limited (“LTF” or the “Company”). The financing package would comprise of a senior, secured, US$ denominated loan with a tenor of up to 3 years. IFC’s loan proceeds will be deployed towards the following segments: (i) At least 40% for on-lending to women microentrepreneurs or self-employed women borrowers, for income generation purposes, with a maximum ticket size of US$10,000; (ii) At least 50% for financing the purchase of two-wheeler (2W) vehicles by microentrepreneurs or self-employed borrowers; of which at least 75% of the procee
Sponsor: LTF is listed on Indian bourses and is a subsidiary of Larsen and Toubro Limited (65.8% shareholding). Other key shareholders include Kotak AMC (2.6%), Invesco AMC (1.7%), Motilal Oswal AMC (1.4%) and Mirae AMC (1.3%).
hedgeable EM currency (PLN) · financial institution (runs own desk) · pre-approval (early timing) · USD-denominated financing · debt financing (FX liability) · sponsor identified by name
The proposed project supports Bank Zachodni WBK S.A. (“BZ WBK” or the “Bank”) with a debt facility which will be earmarked for green projects in Poland including renewable energy, energy efficiency, water efficiency, and green buildings (the “Project”).
Sponsor: BZ WBK is the third largest bank in Poland by assets, offering all types of banking services across the entire country’s territory. It was established as a result of a merger between Bank Zachodni S.A. with Wielkopolski Bank Kredytowy S.A. in 2001, when the combined Bank’s shares debuted on the Warsaw Stock Exchange. The Bank is currently 70% owned by Santander Spain, with the remaining 30% as fre
hedgeable EM currency (LKR) · financial institution (runs own desk) · pre-approval (early timing) · USD-denominated financing · debt financing (FX liability) · sponsor identified by name
The proposed investment consists of a five-year, USD-denominated, amortizing, senior unsecured syndicated loan of up to US$200 million, comprising: (i) an IFC A-loan of up to US$100 million (gross amount) and (ii) mobilization of up to US$100 million through a parallel loan structure, a B-loan structure, or a combination of B and parallel structures, to Commercial Bank of Ceylon PLC (CBC), the largest private commercial bank in Sri Lanka and an IFC and AMC equity investee. The proceeds of the loan will be used for on lending to micro, small, and medium enterprises (MSMEs), including agricultur
Sponsor: IFC and AMC together hold 14.34 percent of the Bank's voting shares. Other shareholders with over 5.0 percent ownership include Sri Lanka's reputed vehicle importer Y.S.H.I Silva (Indra Silva) (9.93 percent), Sri Lanka's reputed conglomerate D.P. Pieries (David Pieris Group) (9.63 percent), DFCC Bank PLC (9.62 percent), Sri Lanka Insurance Corporation Limited (8.52 percent in total held via genera
hedgeable EM currency (TTD) · LatAm (home turf) · financial institution (runs own desk) · USD-denominated financing · debt financing (FX liability)
First Citizens Group Financial Holdings Limited 11805-03 FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented. FI-
real-sector borrower (Agribusiness and Forestry) · pre-approval (early timing) · sponsor identified by name
The proposed IFC investment aims to support Dorado Free Zone Company (UAE), a leading cashew processor with operations in Cote d'Ivoire, in expanding its processing capacity through the development of a new 50,000 MT p.a. cashew processing plant in Yamoussoukro, Cote d'Ivoire.
Sponsor: Dorado FZCO is a UAE-incorporated holding company, owned 90% by Mr. Venkatesan Rajkumar (founder and Chairman) and 10% by Mr. Vigneshwar Rajkumar (Managing Director). The Project Company, Bluejay Nuts SARL (Cote d'Ivoire), is a wholly owned subsidiary of Dorado FZCO.
multi-country / no single currency · real-sector borrower (Infrastructure) · pre-approval (early timing) · sponsor identified by name
The proposed investment is to subscribe in redeemable preference shares for up to €120 million in Voltalia Management International B.V. (“VMI”, or the “Company”), a 100 percent direct and indirect subsidiary of Voltalia S.A. (“Voltalia”) to finance (and/or refinance) solar PV power and/or battery energy storage system (BESS) projects in Africa, Central and Eastern Europe, Central Asia, and the Middle East (the “Project”). This will support the deployment of renewable energy in key emerging markets.
Sponsor: VMI is directly and indirectly wholly owned by Voltalia S.A., which is publicly listed on the Euronext Paris stock exchange. Established in 2005, Voltalia is a French-headquartered independent renewable energy producer and service provider mainly involved across wind, solar and storage facilities. Voltalia operates in 15 countries and as of December 2025, the Company had 2.9 GW in operation and 0.
real-sector borrower (Manufacturing and Services) · debt financing (FX liability) · hard-currency capex · client contact published (email)
Loan of up to €120m to KONCAR Inc., a joint-stock company established in Croatia and listed on Zagreb Stock Exchange, a leading South East European industrial and engineering group, specialising in grid infrastructure equipment and integrated solutions for large-scale electricity and transport projects.
hedgeable EM currency (INR) · financial institution (runs own desk) · pre-approval (early timing) · USD-denominated financing · sponsor identified by name
The proposed investment comprises an Indian Rupee (INR) denominated IFC own account investment of up to INR 14.25 billion (approximately US$150 million equivalent) into securitized assets of Cholamandalam Investment and Finance Company Limited (Chola, or the Company). The proceeds from IFC’s investment will be used by Chola to provide commercial vehicle finance loans to micro, small, and medium enterprises (MSMEs) including self-employed individuals and including for tractor and vehicles engaged in carrying and transporting agricultural and farming-related products.
Sponsor: Chola is one of the leading NBFCs in India with assets under management (AUM) of US$23.6 billion as on 31 March 2026, with a very strong distribution network that caters to over 5 million customers through 1,761 branches across India. The company lends to MSME clients in the transportation and other sectors that are economically weak, have limited credit history, and therefore are unable to raise
multi-country / no single currency · real-sector borrower (Real Estate) · debt financing (FX liability) · client contact published (email)
Provision of a long-term senior unsecured loan of up to EUR 300 million in favour of P3 Group S.a r.l., ("P3", the "Borrower", or the "Client"), a limited liability company registered in Luxembourg, to finance green industrial and logistics assets in Poland, the Slovak Republic and Romania.
multi-country / no single currency · real-sector borrower (Manufacturing and Services) · debt financing (FX liability) · client contact published (email)
A senior unsecured loan of up to EUR 25 million provided to the Balfin Group.
multi-country / no single currency · real-sector borrower (Real Estate) · debt financing (FX liability) · client contact published (email)
EBRD extended an 8-year, senior, unsecured bilateral green loan of EUR 250 million to NE Property BV to finance eligible green projects, with a focus on sustainability upgrades and expansion of existing green retail buildings and sustainable new developments of primarily retail assets, in the Bank's Countries of Operations ("COOs") in Central, Southern and Eastern Europe ("CSEE") particularly in Romania, Bulgaria, Poland and Hungary.
hedgeable EM currency (JOD) · financial institution (runs own desk) · USD-denominated financing · debt financing (FX liability) · client contact published (email)
Provision of a subordinated loan of USD 25 million in JOD equivalent to Bank al Etihad ("BAE"). The loan will help strengthen BAE's Tier 2 capital, enabling the bank to expand its lending activities and support its growth strategy. Proceeds of the loan will be used to finance eligible green and social sub-projects.
LatAm (home turf) · financial institution (runs own desk) · pre-approval (early timing) · board date ahead (2026-09-25) · USD-denominated financing · debt financing (FX liability)
BANCO INDUSTRIAL EL SALVADOR SA 16172-01 FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented. FI-2 El Salvador Fi
hedgeable EM currency (BAM) · financial institution (runs own desk) · debt financing (FX liability) · client contact published (email)
Portfolio Risk Sharing ("PRS") in a form of unfunded portfolio guarantee of up to €10 million provided by EBRD in favour of SPKB. The guarantee will cover up to 50% of the credit risk on a pro rata basis on the newly-generated micro, small and medium-sized entreprise ("MSME") loan portfolio of up to €20 million originated by SPKB.
hedgeable EM currency (UZS) · financial institution (runs own desk) · debt financing (FX liability) · client contact published (email)
The provision of a senior loan of $25 million equivalent to Davr Bank (DB) to be used for on-lending to eligible youth-led/owned micro, small and medium-sized enterprises (MSMEs) in Uzbekistan. The loan will consist of two equal tranches of $12.5 million each. The loan will be provided either in US dollar or in synthetic UZS.
hedgeable EM currency (BAM) · financial institution (runs own desk) · debt financing (FX liability) · client contact published (email)
A senior unsecured loan of up to €20 million to be provided to RL under the WB Green Outcomes-Linked Debt Financing Framework ("WB GOLD" or the "Programme").
real-sector borrower (Infrastructure, Manufacturing and Services)
Included VC is a mission-driven venture capital institute and fellowship platform established to broaden access into venture capital for talent from communities that are often overlooked or excluded by traditional pathways. Included VC has been running a global, fully funded fellowship model for several years, combining structured learning (e.g., masterclasses and foundational VC training), mentorship, and practical investing simulations (including investment committee-style exercises), delivered primarily in a part-time format. The funding objective of this FMO Partnership Development Contrib
multi-country / no single currency · financial institution (runs own desk) · pre-approval (early timing) · board date ahead (2026-08-31) · exporter (USD revenue, local costs) · debt financing (FX liability) · sponsor identified by name
GTLP DB Global (“the Project”) is an unfunded Risk Sharing Facility with Deutsche Bank (“DB” or the “Bank”) in a global portfolio of trade-related assets with an IFC investment of up to EUR750 million. The Project’s portfolio will consist of a pool of trade transactions between DB and Emerging Market Issuing Banks (EMIBs) globally, ultimately increasing access to trade finance for underlying importers and exporters in Emerging Markets.
Sponsor: Headquartered in Frankfurt, DB is a German multinational investment bank and financial services company. DB does business in more than 70 markets globally, providing corporations, governments, investors, institutions, and individuals with a broad range of financial products and services. The Bank holds an A+ rating from Fitch, an A1 rating from Moody’s, and an A rating from S&P as of June 2026.
financial institution (runs own desk) · pre-approval (early timing) · board date ahead (2026-09-23) · USD-denominated financing · debt financing (FX liability) · client contact published (email)
Provision of a USD 5.0 million (EUR 4.4 million) financing package in favor of The National Bank (TNB), comprised of: (i) a USD 3.0 million loan under the West Bank and Gaza (WB&G) Green Economy Financing Facility (GEFF) for on-lending to eligible Micro, Small, and Medium Enterprises (MSMEs) and residential sub-borrowers based in the West Bank; and (ii) a USD 2.0 million Women in Business (WiB) loan for on-lending to eligible women-led businesses in the West Bank. The GEFF loan will be accompanied by a comprehensive package of incentive grants and technical assistance funded by the WB&G Multi-
financial institution (runs own desk) · pre-approval (early timing) · board date ahead (2026-09-23) · USD-denominated financing · debt financing (FX liability) · client contact published (email)
Provision of a USD 5.0 million (EUR 4.4 million) financing package in favor of The National Bank (TNB), comprised of: (i) a USD 3.0 million loan under the West Bank and Gaza (WB&G) Green Economy Financing Facility (GEFF) for on-lending to eligible Micro, Small, and Medium Enterprises (MSMEs) and residential sub-borrowers based in the West Bank; and (ii) a USD 2.0 million Women in Business (WiB) loan for on-lending to eligible women-led businesses in the West Bank. The GEFF loan will be accompanied by a comprehensive package of incentive grants and technical assistance funded by the WB&G Multi-
multi-country / no single currency · financial institution (runs own desk) · pre-approval (early timing) · board date ahead (2026-09-21) · USD-denominated financing · debt financing (FX liability) · sponsor identified by name
The proposed investment comprises an equity commitment by IFC, for its own account, of up to US$15 million as a Limited Partner in InnoVen Healthcare Fund I, a closed-end healthcare-focused growth and venture debt fund managed by InnoVen Capital SEA Pte Ltd. The Fund will provide non-dilutive growth capital to high-growth healthcare companies across India, Southeast Asia, and China, with Chinese companies expected to use proceeds to support expansion into Southeast Asia and other emerging markets.
Sponsor: InnoVen Capital SEA Pte Ltd, established in Singapore in 2015, will serve as the General Partner and Fund Manager of InnoVen Healthcare Fund I. InnoVen Capital’s institutional presence in Asia dates back to 2009 through its predecessor operations in India, making it one of the longest-established venture debt platforms in the region. InnoVen Capital SEA Pte Ltd.’s parent company, InnoVen Capital P
hedgeable EM currency (PLN) · financial institution (runs own desk) · client contact published (email)
EBRD invested EUR 30 million under the Project in Pekao S.A.'s EUR 500 million 11NC6 T2 bonds. The bonds were issued in Sustainable Bonds format, marking the debut, in line with Pekao's Sustainable Bond Framework . The bonds are listed on Luxemburg Stock Exchange.
hedgeable EM currency (MDL) · financial institution (runs own desk) · client contact published (email)
Portfolio Risk Sharing ("PRS") in the form of an unfunded portfolio guarantee of up to EUR 25.0 mln to be provided by the Bank in favour of OTP Bank S.A. ("OTP Bank"). It will cover up to 50% of the credit risk of new sub-loans originated by OTP Bank for a combined value of up to EUR 50 mln ("Covered Portfolio").
multi-country / no single currency · financial institution (runs own desk) · pre-approval (early timing) · board date ahead (2026-09-15) · debt financing (FX liability) · hard-currency capex · sponsor identified by name
The proposed investment consists of a 10-year corporate loan of up to €1,200 million to Enel Finance International (the “Borrower”), a wholly owned financing vehicle of Enel S.p.A. (the “Sponsor”). The investment will finance the procurement of green electrical equipment, works and services intended to improve grid resilience and quality of service in selected electricity distribution, digitalization, and energy efficiency operations of Enel in Latin America (“Green Value Chains”, or the “Project”).
Sponsor: Enel S.p.A. (“Enel”) is a global power utility headquartered in Italy, operating across generation (86 GW of installed capacity), distribution (69 million end-users), and retail supply of electricity and gas in 41 countries across Europe, Latin America and North America. The company is publicly listed on the Euronext Milan market.Enel Finance International (“EFI”) is Enel‘s principal external fund
multi-country / no single currency · financial institution (runs own desk) · pre-approval (early timing) · board date ahead (2026-09-15) · USD-denominated financing · sponsor identified by name
Universal Green Energy Access Programme SCSp RAIF (“UGEAP” or the “Fund”) is a dedicated Sub-Saharan African fund designed to mobilize private investment in distributed renewable energy (“DRE”) projects, via on-lending to financial institutions and co-investments. IFC’s proposed investment is an equity investment of up to US$50 million or up to 20% of the total Fund size into the Fund in its preferred equity tranche (the “Project”). The Project feeds directly into the Mission 300 (M300) initiative by making investments in off-grid electrification, mini-grids, and clean energy infrastructure, w
Sponsor: UGEAP is managed by Cygnum Capital Group, an experienced investment banking and asset management firm with a strong record in frontier and emerging markets across sub-Saharan Africa. Cygnum Capital Group was established in 2018 and operates across four business lines, including (i) asset management, with total AUM of US$1.4 billion across 7 funds, (ii) financial advisory, (iii) corporate and inves
LatAm (home turf) · financial institution (runs own desk) · USD-denominated financing · debt financing (FX liability) · hard-currency capex
BCT Bank International, S.A. (“BCT Bank”) is a universal private bank based in Panama, with a strong focus on serving the SME and corporate segments—particularly within construction and real estate, commerce, and manufacturing. As of year-end 2025, the bank reported total assets of USD 860 million and a loan portfolio of USD 608 million. The facility concerns a USD 30 million senior unsecured loan, split into a USD 15 million committed and a USD 15 million uncommitted tranche. 60% of FMO’s financing is directed toward green loans, contributing to the design and deployment of sustainable financ
financial institution (runs own desk) · client contact published (email)
In July 2026, the EBRD invested in two covered bond issuances of UniCredit Mortgage Bank ("UCMB"), a fully owned subsidiary of by UniCredit Bank Hungary Zrt (UCH): HUF 3.2 billion (€9 million) in a green covered bond, as part of HUF 14.5 billion green covered bond issuance, and HUF 2 billion (€5.6 million) in a regular covered bond, as part of HUF 12.5 billion regular covered bond issuance. The bonds are rated A1 by Moody's and listed on the Budapest Stock Exchange.
hedgeable EM currency (KES) · financial institution (runs own desk)
The African Venture Capital Association (AVCA) is a pan‑African industry association representing private equity and venture capital investors operating across the continent. AVCA’s mission is to promote and enable private capital investment in Africa by serving as a convening platform, knowledge hub, and advocate for the industry. AVCA’s activities include industry research, policy engagement, training and capacity building, and the organization of flagship convenings, including its Annual Event and VC Summit. Through these activities, AVCA supports collaboration and knowledge exchange among
multi-country / no single currency · financial institution (runs own desk) · debt financing (FX liability) · client contact published (email)
The project is an investment of XOF 6.3 billion (EUR 9.6 million equivalent) in a senior unsecured social bond issued by AFINHAB, for a total issuance size of XOF 40 billion (EUR 61 million).
financial institution (runs own desk) · debt financing (FX liability) · client contact published (email)
A senior unsecured loan of up to €6 million to TEB Sh.A. (TEB) under the Western Balkans GEFF III - REpower Residential Programme (WB GEFF III) for on-lending to the residential sector for green economy investments in Kosovo.
financial institution (runs own desk) · debt financing (FX liability) · client contact published (email)
A senior unsecured loan of up to €5 million under the FIF - Regional - SME Go Green Programme to TEB Sh.A. (TEB) for on-lending to eligible local small and medium-sized enterprises (SMEs) in Kosovo.
financial institution (runs own desk) · debt financing (FX liability) · client contact published (email)
A senior unsecured loan of up to €5 million under the EBRD Go Digital in Western Balkans Programme (Go Digital) to TEB Sh.A. (TEB) for on-lending to eligible local small and medium-sized enterprises (SMEs) in Kosovo.
financial institution (runs own desk) · debt financing (FX liability) · client contact published (email)
A senior unsecured loan of up to €5 million to TEB Sh.A. (TEB) under the Western Balkans Women in Business Programme (WB WiB) Phase II.
multi-country / no single currency · financial institution (runs own desk) · pre-approval (early timing) · USD-denominated financing · debt financing (FX liability) · sponsor identified by name
IFC proposes a US$250 million investment in a risk-sharing facility with Sumitomo Mitsui Banking Corporation (“SMBC” or “the Bank”). The total facility size is US$500 million. It will cover a portfolio of supply chain finance assets under IFC’s Global Supply Chain Finance Program. The facility will initially focus on the food sector in Latin America. The project provides a countercyclical response to market volatility, as well as liquidity to build resilience in the food value chain. This aligns directly with broader World Bank Group objectives.
Sponsor: SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 150 offices and 120,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMB
multi-country / no single currency · financial institution (runs own desk) · pre-approval (early timing) · USD-denominated financing · debt financing (FX liability) · sponsor identified by name
The proposed investment consists of unfunded risk participations totaling up to USD 20 million by IFC in a USD 200 million trade finance facility arranged by ING Bank N.V. in favor of Nitron Group Corporation (“Nitron”). The purpose of the facility is to help finance the purchase, storage and transportation of fertilizers by Nitron for sales into primarily Latin America, as well as Africa, and to a lesser extent Europe and Asia.
Sponsor: ING N.V.: a leading Dutch multinational banking and financial services group, serving retail and wholesale banking clients across more than 40 countries worldwide. Headquartered in Amsterdam, ING focuses on delivering banking services with a strong digital and customer‑centric approach to individuals, small businesses and corporates. ING Groep N.V. is listed on Euronext Amsterdam, with American De
multi-country / no single currency · financial institution (runs own desk) · pre-approval (early timing) · board date ahead (2026-10-06) · USD-denominated financing
Just Climate LAC Green Fund LP 15433-01 FI-1 operations are those where the risk potential is high: the FI’s current or future portfolio25 financed as part of IDB Invest investment includes or is expected to include exposure to business activities with potential significant adverse environmental or social risks or impacts that are diverse, mostly irreversible or unprecedented. FI-1 Regional Investment Funds Proposed 08/21/2026 Projected date at which a project will be put forward for the Board of Executive Directors’ approval. 10/06/2026 N/A N/A N/A Financial Institutions Division Equity N/A U
multi-country / no single currency · financial institution (runs own desk) · pre-approval (early timing) · board date ahead (2026-08-26) · sponsor identified by name
The proposed project is an equity investment of up to €25 million into Amethis MENA Fund III (AMF III or the Fund), a small-cap generalist private equity (PE) fund targeting to invest in Morocco and Egypt as priority geographies and flexibility for select investments in Tunisia and Jordan, and a €15 million co-investment envelope. The Fund is targeting to raise €200 million to pursue minority and majority ownership stakes in companies across various sectors, including business services, healthcare, manufacturing and distribution, services to infrastructure and energy, and technology. AMF III i
Sponsor: The Fund will be managed by a Luxembourg general partner: Amethis MENA III General Partner S.a r.l. (the Fund Manager). The Fund Manager is co-led by Luc Rigouzzo and Laurent Demey.
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