Multilateral Cooperation Center for Development Finance (MCDF)’s Post

🌍 𝗔𝗱𝘃𝗮𝗻𝗰𝗶𝗻𝗴 𝗚𝗿𝗲𝗲𝗻 𝗮𝗻𝗱 𝗖𝗿𝗼𝘀𝘀-𝗕𝗼𝗿𝗱𝗲𝗿 𝗜𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴 𝗶𝗻 𝗞𝗮𝘇𝗮𝗸𝗵𝘀𝘁𝗮𝗻 🌍   A USD840,000 grant that seeks to help the Development Bank of Kazakhstan (#DBK) prepare green and cross-border infrastructure financing was approved by the #MCDFGoverningCommittee during its meeting in Riyadh, Saudi Arabia. The project will be implemented by the Asian Infrastructure Investment Bank (AIIB). The #MCDF grant will fund activities to assist DBK in enhancing and implementing its environmental and social management system (#ESMS). The enhanced ESMS will apply to a non-sovereign backed on-lending facility of up to USD100 million provided by AIIB. The objective is to build DBK’s institutional capacity to conduct environmental and social (E&S) due diligence that complies with standards required for financing by AIIB and other International Financial Institutions (#IFIs). Learn more: https://lnkd.in/giPvhHzM #GreenInfrastructure #CrossBorderConnectivity #ConnectivityforAll #DevelopmentFinance

The Islamic Development Bank (IsDB) was accredited to be an #ImplementingPartner of the #MCDFFinanceFacility by the #MCDFGoverningCommittee, in concurrence with the Asian Infrastructure Investment Bank (AIIB), the MCDF Administrator. IsDB will be the seventh Implementing Partner of the MCDF Finance Facility. The other six MCDF Finance Facility Implementing Partners are the African Development Bank Group, Africa Finance Corporation, Asian Infrastructure Investment Bank (AIIB), CAF -banco de desarrollo de América Latina y el Caribe-, International Fund for Agricultural Development (IFAD), and Caribbean Development Bank. To date, the MCDF Finance Facility has provided 33 approved grants to support cross-border connectivity infrastructure projects, reaching a total amount of USD38.3 million, which is expected to mobilize USD7.2 billion in investment in Africa, Asia, and Latin America and the Caribbean. Learn more: https://lnkd.in/gT9tbc3n #ConnectivityforAll #CrossBorderConnectivityInfrastructure

AfDB President Lauds Saudi Fund for Development's African Impact The President of the African Development Bank Group(AfDB), Akinwumi Adesina, has commended the Saudi Fund for Development (SFD) for its significant contributions to Africa's development. The SFD has financed over 400 projects worth $10.7 billion across 46 African countries, accounting for 57% of its global funding. Adesina highlighted the SFD's role in driving sustainable development on the continent, noting its alignment with the AfDB's own mission to support economic progress and improve living conditions in African nations. The AfDB and SFD have collaborated on several co-financing initiatives, particularly in infrastructure development. The Saudi-Africa Summit held in November 2023 further strengthened ties between the Kingdom and African nations. During the summit, Saudi Arabia proposed allocating $10 billion for export insurance to Africa until 2030 and an additional $5 billion to finance development projects. The SFD also signed over 50 agreements worth $533 million with 12 African countries. #SaudiFundForDevelopment #AfricanDevelopment #AfDB #InfrastructureFinance #SaudiAfricaPartnership

Big strides for a brighter future! 🌟  Ministry of Investment and IFC - International Finance Corporation signed an agreement at #FII8 to supercharge investments in Saudi Arabia and beyond, empowering the private sector with vital resources and expertise, igniting change that uplifts communities and champions sustainability. #MISA #Investment #FII8Announcements #ImpactOnHumanity #IFC #TheWorldBankGroup #TheWorldBank #InvestSaudi

𝗪𝗵𝘆 𝗱𝗼𝗲𝘀 𝗣𝗜𝗙 𝗶𝗻𝘃𝗲𝘀𝘁 𝟴𝟬% 𝘄𝗶𝘁𝗵𝗶𝗻 𝗦𝗮𝘂𝗱𝗶 𝗔𝗿𝗮𝗯𝗶𝗮? The governor of the Public Investment Fund (PIF) explains why we invest 800 billion dollars inside Saudi Arabia out of a total of 1 trillion dollars. #investment #saudiarabia #pif #economicgrowth #financialstrategy #greenfields #greenfield #business #money #SaudiArabia #Economy

Saudi Wealth Fund's Strategic Debt Increase The #PublicInvestmentFund (PIF) of Saudi Arabia is set to amp up its borrowing, following a successful $7 billion in bond issues, with strategists like Pascal Bode from #MorganStanley anticipating further debt offerings. This move aligns with Crown Prince Mohammed bin Salman's vision to diversify the Kingdom's economy, as the PIF targets massive investments across various sectors. For more insights, visit Saudi Business News. Link in bio. #SaudiBusiness #SaudiNews #Vision2030 #SaudiArabia #Finance #Investment #Economy #PIF #MorganStanley #DebtStrategy #EconomicDiversification #BondMarket #Sukuk

Private debt is rapidly emerging as a key asset class in Saudi Arabia, drawing significant interest from both regional and global investors as the country's capital markets continue to mature. In our latest Territory Guide, developed in partnership with SVC, we explore critical questions shaping this dynamic market: • Is private debt in Saudi Arabia reaching an inflection point? • How have new regulations enhanced transparency and fairness in private debt transactions? • Why do many LPs in Saudi Arabia view private debt as one of the most promising opportunities in the coming years? Delve into these insights and more: https://okt.to/tKhLmJ #Preqin #SVC #PrivateDebt #AlternativeInvestments #MiddleEastAlternatives

Egypt's House of Representatives has authorized the country's contribution to the capital increase of the IFC - International Finance Corporation (IFC), part of the World Bank Group, enhancing its long-standing partnership with the organization. Egypt will acquire 28,940 shares worth $28.9 million, which will boost the IFC's ability to support private sector growth. #Egypt #IFC #WorldBank #PrivateSectorGrowth #Finance #EconomicDevelopment #Investment #CapitalIncrease #GlobalPartnership #EconomicGrowth Read the full article via the link: https://shorturl.at/DdDrQ

Kuwait Investment Authority, one of the world's largest sovereign wealth funds, opens a representative office in Riyadh, Saudi Arabia. The move aims to strengthen economic and investment ties between the two countries and seize investment opportunities in Saudi Arabia's growing economy. This step will enhance trade and bilateral relations, opening new horizons for cooperation. #Investment #SaudiArabia #Economy

"The World Bank has approved financing of $700 million for Egypt as part of the Development Policy Financing (DPF) program. This funding aims to enhance overall economic stability, align growth with green transformation, support competitiveness, and improve the business environment. Additionally, the World Bank will provide more than $6 billion in support to Egypt over the next three years, including $3 billion for government programs and $3 billion to bolster the private sector, which includes resource mobilization for investments. These efforts will focus on increasing private sector participation in economic activities, strengthening state-owned enterprises’ governance, and improving the efficiency of public resource management in line with Egypt’s development priorities. The financing package also emphasizes economic and structural reforms, private sector empowerment, and social protection for vulnerable groups #WorldBank #GreenGrowth #BusinessEnvironment #Egypt