DEVELOPMENT NEWS
Part of the US$50 million
Elevating e-mobility and climate finance in Viet Nam A US$50 million loan to Southeast Asia Commercial Joint Stock Bank (SeABank) will expand financing for small businesses and climate-focused investments. The loan will help SeABank increase lending to micro, small and medium-sized enterprises (MSMEs), which account for around half of employment in Viet Nam but continue to face a significant financing gap. Part of the funding will also support investments in energy efficiency, green buildings and electric mobility.
will support investments in electric mobility.
Expanding small business and green finance in Honduras A US$50 million loan agreement with Banco de América Central Honduras S.A. will expand access to finance for micro, small and medium-sized enterprises (MSMEs), including women-owned businesses, and support climate-related investments across Honduras. The operation will also contribute to Honduras’ climate objectives by supporting investments in mitigation and adaptation. The country is highly exposed to hurricanes, floods, droughts and other climate-related risks. Upgrading roads in Nicaragua A US$31.5 million loan providing for the rehabilitation of more than 96 km of existing highways in Nicaragua will provide a better connection between the Pacific and Caribbean coasts and benefit approximately 120,000 residents. The improved roads will facilitate better access to markets for local farmers, reduce transport costs and enhance the economic viability of agricultural activities. Facilitated passenger and freight traffic conditions will also strengthen the competitiveness of the area and region.
Developing a social safety net in Mauritania A US$15 million loan will strengthen the efficiency, timeliness and productive focus of Mauritania’s social protection system for vulnerable nationals and refugees. The program will modernize social protection systems and digitize payments, update social registry procedures to better include refugees and improve the timeliness of payments and crisis response. The program’s main beneficiaries are low- income Mauritanian and refugee households, including those affected by climate shocks. It also aims to reduce the gender gap by economically empowering women.
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