Our Scans · (FS.1.06) Development Banking & Finance · Weekly Summary

• [New] Climate Goals: ADB aims to mobilize $100 billion for climate finance from 2019 to 2030, promoting sustainable development initiatives like green fuel projects. EDUREV.IN
• The latest development contradicts plans by the World Bank, the African Development Bank, and other partners to connect 300 million people to electricity in sub-Saharan Africa by 2030. Platformsafrica
• Organizations like the New Development Bank could be expanded to fund the low-carbon infrastructure, battery recycling facilities, and local manufacturing bases across Africa, Latin America, and Southeast Asia. Eurasia Review
• World leaders at the COP 30 Summit in Brazil reached a landmark deal to phase out fossil fuels by 2045, with wealthier nations committing $1 trillion in climate financing for developing countries. Cutmirchi-Entertainmentnewssharingportal
• Climate Goals: ADB aims to mobilize $100 billion for climate finance between 2019 and 2030, supporting sustainable development initiatives such as green fuel projects. EDUREV.IN
• To promote sustainable development and resilience, ADB will improve institutional and policy environments for climate action, promote sustainable financing, and increase access to green loans and bonds. MongolBeat
• In cooperation with the GCC states, Europe could launch a new reconstruction collaboration between the European Bank for Reconstruction and Development (EBRD) and the Islamic Development Bank. Eurasia Review
• Participating nations agreed to submit updated national greenhouse gas emission plans by September, ahead of the COP 30 summit in Brazil, and to develop a roadmap for delivering $1.3 trillion annually in climate finance to developing countries by 2035. Digitopia
• Devolved governments will receive a substantial increase in financial transactions through the Barnett formula across the next four years to go further in equity investments or loans to the private sector, including through the SNIB and the Development Bank of Wales. GOV.UK
• The World Bank lowered its growth forecasts for almost 70% of all economies, citing slower growth in developing economies, low-income countries, the US, the eurozone, and Japan, and warned of risks including trade restrictions, policy uncertainty, and financial stress. Peter Lewis' Money Talk
• Despite being three times the last NCQG of $100 billion agreed at COP 15 in Copenhagen in 2009 and extended at COP 21 in Paris in 2015, $300 billion is just over 10% of the $2.7 trillion of climate financing that developing countries (excluding China) need annually by 2030. Edie
• African countries are currently paying 500% more in interest when borrowing on international capital markets compared with rates that could be achieved by borrowing from multilateral development finance institutions such as the World Bank or the African Development Bank. DIRCO
• The European Bank for Development and Reconstruction (EBRD) forecasts Ukraine's GDP will grow 3.3% in 2025, down from an initial forecast expecting growth of 3.5%. The Kyiv Independent
• Among areas of the FFD4 document that the U.S. objects to is a call for countries to explore global solidarity levies that could include taxes on highly polluting activities or on the super-rich to finance sustainable development. CNBC Africa
• External funding from international financial institutions like the ADB, EBRD and the Islamic Development Bank (IDB) will drive growth in the construction and infrastructure industries of Kazakhstan over the next five years. Roza.Pace@trade.gov
• Central Bank Digital Currencies (CBDCs): The rise of CBDCs is one of the most significant developments in the financial landscape and will likely impact cryptocurrencies by 2025. UMA Technology
• Developing stronger ties with Africa, Latin America, and regional Southeast Asian economies could enable Sri Lanka to diversify export markets, attract investment in non-traditional sectors, and create new sources of development financing. Sunday Observer
• IFC's financing package will enable Husk to develop and operate up to 108 mini-grid sites, resulting in approximately 28,750 new electricity connections and delivering clean, affordable energy to around 115,000 people and businesses. Punch Newspapers
• The IFC's financing package will enable Husk to develop and operate up to 108 mini-grid sites, possibly connecting around 115,000 individuals and businesses with approximately 28,750 new electricity connections. Punch Newspapers
• With a robust and diversified portfolio of infrastructure and sustainable development projects, the NDB has so far approved US$ 39 billion in financing for 120 projects spanning 11 of the 17 Sustainable Development Goals outlined in the United Nations' 2030 Agenda. Colombia One: News from Colombia and the World
• The Bank of England is expected to keep interest rates on hold as policymakers face a fog of uncertainty over Donald Trump's developing tariff policy and upcoming UK tax rises. The i Paper
• Financial Gap in Climate Finance: Developed countries pledged $300 billion annually by 2035 as the New Collective Quantified Goal for climate finance, but the actual requirement is $1.35 trillion, with disagreement over the definition of climate finance. IBPS Guide
• The World Bank Group helps developing countries build smart infrastructure that supports inclusive and sustainable growth, expands markets, creates job opportunities, promotes competition, and contributes to a cleaner future. World Bank

Last updated: 26 June 2025