Loans Approved for Resilience and Sustainability Trust (RST) Fund
The International Monetary Fund (IMF) has approved US$ 764 million for the first batch of climate resilience loans under the Resilience and Sustainability Trust (RST) Fund to Jamaica.
The RST fund is aimed at redistributing affordable finance from rich to poorer countries, along with policy support to manage macroeconomic climate risks. With the funding, there would be incentives to use renewable energy sources, use less energy overall, produce green financial products, and handle climate risks in the financial industry effectively. The IMF Executive Board agreement under the RSF for US$764 million (150 percent of quota) aims to improve the economy's decarbonization, manage transition risks, and increase physical and fiscal resilience to climate change.
Country updates
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March 10, 2023
Tender to be issued for 27ha Hernán Garrón Salazar Terminal and marina in Limón
The Costa Rican government has announced the progress of the 27ha Hernán Garrón Salazar cruise terminal and marina in Limón, Costa Rica. Before the end of 2023, the governme...
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February 15, 2023
AIIB approves US$300 million for waste management project in Bangladesh
The Asian Infrastructure Investment Bank has approved US$300 million for Solid Waste Management Improvement Project in Bangladesh. The project consists of the following components: Inve...
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February 06, 2023
Tender Issued for 300 KWp Rooftop Solar Project in Bangladesh
Bangladesh Power Development Board (BPDB) has issued a tender for a 300 KWp rooftop solar projects in Bangladesh. The scope of work includes the design, supply, installation, testing and commissionin...
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January 12, 2023
EOI issued for Road PPP project in Rwanda
Rwanda Transport Developing Agency has launched a tender seeking a developer for the Busega-Mpigi and Kagitumba-Kayonza-Rusumo road public-private partnership (PPP) project. The selected partner...
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December 30, 2022
EoI issued for Cumilla (Mainamati)-Brahmanbaria (Dharkhar) Highway in Dhaka
The Government of Bangladesh (GoB) has launched an Expression of Interest (EoI) for the upgradation of 54 km road existing Cumilla (Mainamati)-Brahmanbaria (Dharkhar) National Highway (N-102) to a 4-L...
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