News

In July it was announced that Feronia was facing bankruptcy and was to undergo a financial restructuring in order to secure the long-term future of PHC, its palm oil business located in the Democratic Republic of the Congo. On November 23rd, 2020, the formal restructuring agreement between the company and its lenders was signed.

European DFIs announce new initiatives on climate action and inclusive finance for the African private sector in a bid to align capital flows with the SDGs and the Paris Agreement on Climate.

The Climate Finance Leadership Initiative (CFLI), the Association of European Development Finance Institutions (EDFI) and the Global Infrastructure Facility (GIF), are working to identify discrete hurdles to climate finance in emerging markets; support public-private dialogue around those challenges; and highlight ways for the financial sector to help strengthen investment conditions.

This collaborative working paper — called “Private Sector Considerations for Policymakers” — was drafted with the input of experienced lenders and investors. We are now inviting comments from diverse stakeholders across business, government, and civil society to ensure that this document accurately reflects the most critical considerations for attracting private climate finance in emerging markets.

EIB and EDFI members expand existing - European Financing Partners (EFP) - financing scheme to reduce the economic impact of the Covid-19 pandemic on private sector companies in developing countries.

EDFI group outlines shared commitments to phase out fossil fuels and mobilise private sector climate finance, aligning with Paris Agreement and high disclosure standards.

EDFI AgriFI and BIO each commit to finance the equivalent of EUR 3 million in USD to reinforce Alterfin’s sustainable agriculture and microfinance portfolios. The combined investment will provide Alterfin with long-term financing to support its expansion in Africa, Latin-America and Asia. The financing from BIO will likely also be accompanied by technical assistance, a first for Alterfin.

The Belgian Investment Company for Developing Countries recently began disbursing funds as part of a four-year loan of USD 1.5 million to FINCA Malawi, a microfinance institution (MFI) owned by the US-based firm FINCA Impact Finance.

Business continuity planning is a component of building business resilience in normal times and is especially critical in cases of large disasters. For businesses to survive, they must be able to adapt their operations to the new environment.

BIO has published its annual report for 2019.