A USD157,500 grant to promote air connectivity in Latin America and the Caribbean was approved by the Multilateral Cooperation Center for Development Finance (MCDF) Governing Committee during its meeting in Beijing on 26 March.

A USD210,000 grant to promote quality transport infrastructure and services development in Africa has been approved by the Multilateral Cooperation Center for Development Finance (MCDF) Governing Committee during its meeting in Beijing on 26 March.

A USD1.659 million grant to support a new logistics park that aims to sustainably enhance connectivity and trade between China and the Association of Southeast Asian Nations (ASEAN) region has been approved by the Multilateral Cooperation Center for Development Finance (MCDF) Governing Committee during its meeting in Beijing on 26 March.

The Multilateral Cooperation Center for Development Finance (MCDF) has launched a new digital handbook to help practitioners navigate the challenges of financing development and infrastructure in a sustainable, efficient, and transparent way.

Government officials and stakeholders discussed cross-border connectivity projects in Central Asia and assessment issues vital to their financing prospects at a regional dialogue in Istanbul, Türkiye on 11-12 March, cohosted by the Islamic Development Bank (IsDB), Asian Infrastructure Investment Bank (AIIB), and Multilateral Cooperation Center for Development Finance (MCDF).

Policies and standards to help financial institutions and partners manage environmental and social risks associated with intermediated finance (IF) investments and promote sustainable development were explored during a seminar at Asian Infrastructure Investment Bank (AIIB) headquarters in Beijing on 25-26 January, cohosted by AIIB and the Multilateral Cooperation Center for Development Finance (MCDF).

Multilateral Cooperation Center for Development Finance (MCDF) CEO Zhongjing Wang and Islamic Development Bank (IsDB) President H.E. Dr. Muhammad Al Jasser discussed next steps for MCDF-IsDB partnership during a bilateral meeting at the MCDF Secretariat in Beijing on 22 January.

A Multilateral Cooperation Center for Development Finance (MCDF) delegation led by CEO Wang Zhongjing met with senior Hungarian government officials alongside the MCDF Governing Committee (GC) meeting and GC retreat in Budapest, hosted by the Hungarian Ministry for Economic Development.

A USD2.415 million grant to support a new African Development Bank (AfDB) initiative to promote environmental and social safeguards in African countries has been approved by the Multilateral Cooperation Center for Development Finance (MCDF) Governing Committee during its meeting in Budapest, Hungary on 14 December.

A USD500,000 grant to support the preparation of a Development Bank of Latin America and the Caribbean (CAF) submarine cable project that will promote digital development in El Salvador and the region has been approved by the Multilateral Cooperation Center for Development Finance (MCDF) Governing Committee during its meeting in Budapest, Hungary on 14 December.

A USD2 million grant to support a new African Development Bank (AfDB) initiative to promote Africa’s maritime competitiveness and sustainable development has been approved by the Multilateral Cooperation Center for Development Finance (MCDF) Governing Committee during its meeting in Budapest, Hungary on 14 December.

A USD157,000 grant for a study aimed at building the capacity of Central Asian countries and partners to originate sustainable cross-border connectivity (CBC) infrastructure projects was approved by the Multilateral Cooperation Center for Development Finance (MCDF) Governing Committee during its meeting in Budapest, Hungary on 14 December.

Infrastructure development opportunities for enhancing Africa’s cross-border connectivity and sustainable growth were spotlighted during a regional workshop in Abidjan, Cote D’Ivoire on 11-12 December, co-organized by the African Development Bank (AfDB), Multilateral Cooperation Center for Development Finance (MCDF), and Asian Infrastructure Investment Bank (AIIB).

Land acquisition and resettlement practices vital to sustainable cross-border connectivity infrastructure growth were highlighted during a virtual workshop on 6 December, co-organized by the Multilateral Cooperation Center for Development Finance (MCDF), Asian Infrastructure Investment Bank (AIIB), Asian Development Bank (ADB), and World Bank.

The Multilateral Cooperation Center for Development Finance (MCDF) and Asian Infrastructure Investment Bank (AIIB) cohosted a workshop at AIIB headquarters in Beijing on 27 November to help emerging market financiers fight corruption in infrastructure projects via International Financial Institution (IFI) practices and standards.

Senior government officials and experts from International Financial Institutions (IFIs) and partner organizations welcomed a new Multilateral Cooperation Center for Development Finance (MCDF) report on accelerating climate-smart connectivity infrastructure growth during a launch event at Asian Infrastructure Investment Bank (AIIB) headquarters on 20 November.

A new report detailing ways to promote “climate-smart” connectivity infrastructure that is both low carbon and resilient to climate shocks has been issued by the Multilateral Cooperation Center for Development Finance (MCDF).

Multilateral Cooperation Center for Development Finance (MCDF) CEO Wang Zhongjing hosted a bilateral meeting with Global Environment Facility (GEF) CEO and Chairperson Carlos Manuel Rodriguez and staff at the MCDF Secretariat in Beijing on 9 November.

Multilateral Cooperation Center for Development Finance (MCDF) experts described the importance of sustainable cross-border connectivity infrastructure for fighting climate change and MCDF’s partnership approach for promoting it at the Asia-Pacific Forum on Green and Low Carbon Development, hosted by the Asian Development Bank in Changsha, China on 20-21 October.

A Multilateral Cooperation Center for Development Finance (MCDF) delegation led by Chief Executive Officer Zhongjing Wang held bilateral meetings with senior government officials and representatives of International Financial Institutions (IFIs) on 22-26 September to discuss ways to deepen cooperation to promote sustainable cross-border connectivity infrastructure growth, in Egypt’s New Administrative Capital and on the margins of the Asian Infrastructure Investment Bank (AIIB) Annual Meeting in Sharm El-Sheikh.

Senior government officials and representatives of International Financial Institutions (IFIs) discussed prospects and imperatives for accelerating cross-border connectivity infrastructure investment to meet increasing demand and promote sustainable development during a seminar co-organized by Egyptian Ministry of Finance, Asian Infrastructure Investment Bank (AIIB) and Multilateral Cooperation Center for Development Finance (MCDF) on 26 September, held alongside the AIIB Annual Meeting 2023 in Sharm El-Sheikh, Egypt.

A USD 1.575 million grant to support a Development Bank of Latin America and the Caribbean (CAF) project that will create a network of high-performance computing (HPC) centers for artificial intelligence (AI) growth in the region was approved by the Multilateral Cooperation Center for Development Finance (MCDF) Governance Committee during its meeting in Egypt’s New Administrative Capital on 21 September.

A USD 2.1 million grant to support an African Development Bank (AfDB) project that could unlock substantial investment in climate-smart infrastructure and connectivity in North Africa was approved by the Multilateral Cooperation Center for Development Finance (MCDF) Governance Committee during its meeting in Egypt’s New Administrative Capital on 21 September.

International Financial Institution (IFI) representatives and experts from partner organizations explored lessons and priorities for advancing cross-border infrastructure projects during a roundtable discussion, held as part of the 21st regular meeting of the Multilateral Cooperation Center for Development Finance (MCDF) Coordination Committee (CC) in New Administrative Capital, Egypt on 21 September.

A USD 1.68 million grant to support the preparation of a new Development Bank of Latin America and the Caribbean (CAF) project that would bring the first submarine cable to Antarctica and promote scientific progress was approved by the Multilateral Cooperation Center for Development Finance (MCDF) Governance Committee during its meeting in Cairo, Egypt on 21 September.

A USD 4.2 million grant to support the preparation of a new African Development Bank (AfDB) hydropower project in the Democratic Republic of the Congo (DRC) and Zambia was approved by the Multilateral Cooperation Center for Development Finance (MCDF) Governance Committee during its meeting in Cairo, Egypt on 21 September.

A Multilateral Cooperation Center for Development Finance (MCDF) delegation led by Chief Executive Officer (CEO) Zhongjing Wang and Egyptian Minister of Finance and Asia Infrastructure Investment Bank (AIIB) Governor, Dr. Mohamed Maait, met in the New Administrative Capital of Egypt on 20 September 2023.

Governments, International Financial Institutions (IFIs), and prospective partners can now more easily access information and collaborate on connectivity projects seeking financing and standards critical to realizing high-quality connectivity infrastructure in developing countries via the enhanced JIGSAW platform launched by the Multilateral Cooperation Center for Development Finance (MCDF).

Multilateral Cooperation Center for Development Finance (MCDF) CEO Zhongjing Wang hosted a bilateral meeting with Caribbean Development Bank (CDB) President Dr. Hyginus ‘Gene’ Leon at the MCDF Secretariat in Beijing on 24 August.

Egypt’s Minister of International Cooperation, Dr. Rania Al-Mashat visited the Secretariat of the Multilateral Cooperation Center for Development Finance (MCDF) in Beijing, China on 11 July 2023. Chief Executive Officer (CEO) Mr. Zhongjing WANG and Minister Al-Mashat agreed to collaborate in promoting the Egyptian and pan-African connectivity agenda on key connectivity infrastructure investment projects in the region.

Multilateral Cooperation Center for Development Finance (MCDF) Chief Executive Officer (CEO) Mr. Zhongjing Wang met Philippines Finance Secretary Mr. Benjamin E. Diokno in Manila, Philippines on 29 June 2023 and discussed areas of possible cooperation between MCDF and the Philippines.

The Multilateral Cooperation Center for Development Finance (MCDF) Chief Executive Officer (CEO) Mr. Zhongjing Wang and a team from the MCDF Secretariat visited the Asian Development Bank (ADB) Headquarters in Manila, Philippines from 26 to 29 June, and presented its governance and activities to ADB’s senior management and the Board of Directors and discussed areas of cooperation. CEO Wang also signed ADB’s “Distinguished Visitors Book” as an honored guest.

The Multilateral Cooperation Center for Development Finance (MCDF) hosted a roundtable discussion on 28 June at ADB Headquarters in Manila, Philippines, among MCDF’s Coordination Committee members and Environmental and Social Safeguard Community of Practice (E&S COP) members to consider approaches to enhance coordination among International Financial Institutions (IFIs) on environmental and social (E&S) standards.

The Asian Infrastructure Investment Bank (AIIB), the Multilateral Cooperation Center for Development Finance (MCDF) and the Asian Development Bank (ADB), hosted the two-day seminar of the Environmental and Social Safeguards Community of Practice (CoP) on managing environmental and social risks of wind power projects at ADB Headquarters in Manila, Philippines on 27 and 28 June 2023.

The Multilateral Cooperation Center for Development Finance (MCDF) released today its 2022 Annual Report, including the Audited Financial Statements, highlighting its key achievements in 2022.

The Secretariat of the Multilateral Cooperation Center for Development Finance (MCDF) led by its Chief Executive Officer (CEO) Mr. Zhongjing Wang visited a number of connectivity projects in Guangxi Zhuang Autonomous Region of China between 7 and 9 June 2023, and also briefed officials of the Regional Cooperation Projects Office of the Autonomous Region on MCDF’s mandates and discussed possible areas of cooperation.

The Multilateral Cooperation Center for Development Finance (MCDF), the International Development Association (IDA) of the World Bank Group and the Asian Infrastructure Investment Bank (AIIB) jointly launched the 2nd Workshop Series on Sustainable Financing for Development and Infrastructure with the first workshop on Debt Sustainability Analysis held online between 29 to 31 May 2023. The workshop was attended by 211 participants from the Ministries of Finance, Central Banks and lending institutions of 45 economies as well as from 12 international organizations.

During New Development Bank (NDB)’s 2023 Annual Meeting held in Shanghai, China from 30-31 May 2023, Multilateral Cooperation Center for Development Finance (MCDF)’s Chief Executive Officer (CEO) Mr. Zhongjing Wang met with NDB’s President Ms. Dilma Vana Rousseff and discussed the deepening of partnership between MCDF and NDB particularly in critical policy areas including information and knowledge sharing on topics such as environmental and social standards and renewable energy.

On the sidelines of the Annual Meetings of the Islamic Development Bank (IsDB) Group, the delegation of the Multilateral Cooperation Center for Development Finance (MCDF), led by Chief Executive Officer (CEO) Mr. Zhongjing Wang, met a wide range of partners in Jeddah and discussed deepening cooperation towards the shared vision of promoting high-quality, sustainable connectivity infrastructure investment.

At the Annual Meetings of the Islamic Development Bank (IsDB) Group, Multilateral Cooperation Center for Development Finance (MCDF) Chief Executive Officer Mr. Zhongjing Wang stressed that private financing is key to bridging the infrastructure financing gap in achieving United Nations Sustainable Development Goals (SDGs).

Cambodia’s delegation from Ministry of Economy and Finance led by H.E. Chea Kokhong, Director of the Secretariat for Development of Preah Sihanouk Province Multi-Purpose Special Economic Zone Master Plan, visited Labuan Corporation and Labuan Financial Services Authority in Malaysia. This study visit was supported by the Multilateral Cooperation Center for Development Finance (MCDF) and coordinated through the Asian Infrastructure Investment Bank (AIIB) as an Implementing Partner.

The Multilateral Cooperation Center for Development Finance’s (MCDF’s) Governing Committee approved the recommendation for accreditation of the Africa Finance Corporation (AFC) as an Implementing Partner of the MCDF Finance Facility on 19 April.

The Multilateral Cooperation Center for Development Finance’s (MCDF’s) Governing Committee approved the recommendation for accreditation of the International Fund for Agricultural Development (IFAD) as an Implementing Partner of the MCDF Finance Facility on 19 April.

The Multilateral Cooperation Center for Development Finance (MCDF) will support East African Community (EAC) member countries improve digital trade connections among each other and with countries worldwide with a newly approved USD 1.64 million grant.

The Multilateral Cooperation Center for Development Finance (MCDF) is currently producing a series of videos which capture learnings from climate-smart connectivity infrastructure workshops it co-hosted last year.

The Multilateral Cooperation Center for Development Finance (MCDF) has approved its first African funding proposal which aims to increase power connectivity between Egypt and Sudan to fill a missing link in a planned African network of combined electricity grids.

The Multilateral Cooperation Center for Development Finance’s (MCDF’s) Governing Committee noted good progress made by MCDF during 2022 in promoting sustainable high-quality connectivity infrastructure investment despite COVID-19 challenges and endorsed its path ahead during the oversight body’s last meeting of the year on 13 December, 2022.

The Multilateral Cooperation Center for Development Finance (MCDF) and its partners provided a major boost to efforts linking connectivity infrastructure and climate action during the 27th UN Climate Change Conference (COP27).

MCDF CEO Zhongjing Wang recently met senior government officials in Hungary to strengthen collaboration and seek guidance on MCDF’s future direction.

MCDF CEO Zhongjing Wang recently met senior government officials in Hungary to strengthen collaboration and seek guidance on MCDF’s future direction.

The Multilateral Cooperation Center for Development Finance (MCDF) and the Asian Infrastructure Investment Bank (AIIB) launched the Workshop Series on Multilateral Development Bank (MDB) Procurement and Financing Business Opportunities and Policies at AIIB headquarters in Beijing on 1-2 November 2022.

A recent Multilateral Cooperation Center for Development Finance (MCDF) workshop highlighted the economic and climate resilience benefits when developing countries connect their energy grids.

The MCDF Secretariat led by CEO Zhongjing Wang met a wide range of partners during their recent visit to Washington, D.C.

Members of the Coordination Committee of the Multilateral Cooperation Center for Development Finance (MCDF) shared ideas on how to expand digital infrastructure during their most recent meeting held in Washington on 11 October.

The Multilateral Cooperation Center for Development Finance (MCDF) has approved a funding proposal to enhance cross-border connectivity across the Association of Southeast Asian Nations (ASEAN) region.

The third in a five-part series of climate smart workshops by the Multilateral Cooperation Center for Development Finance (MCDF) highlighted the perils and potential of land transport in dealing with a warming planet.

The Multilateral Cooperation Center for Development Finance (MCDF) will join partners on Monday and Tuesday to focus on roads and railways in the latest of its workshop series on climate-smart connectivity infrastructure.

The latest in a series of Multilateral Cooperation Center for Development Finance (MCDF) workshops strengthening the nexus between climate and connectivity infrastructure focused on ensuring coastal infrastructure is climate smart.

The Multilateral Cooperation Center for Development Finance (MCDF) has approved a USD1.45 million grant to support the Indonesia Trans-Sumatra Toll Road (Cinto Kenang to Sentjalang) Project proposed by the Asian Infrastructure Investment Bank (AIIB). 

With over 80 percent of global trade carried by sea, we need to ensure the cargo ships traversing the planet - and the coastal infrastructure supporting them - are more sustainable and climate resilient.

On 20 April 2022, the MCDF Governing Committee approved the MCDF 2021 Annual Report and Audited Financial Statements which recount the first year of its operations.

The Multilateral Cooperation Center for Development Finance (MCDF) approved three projects under its Finance Facility totaling USD1.99 million.

The Multilateral Cooperation Center for Development Finance (MCDF) has approved the first three projects under its Finance Facility totalling USD1.825million.

Workshop Series on Sustainable Financing for Development and Infrastructure starts with Module 1 on Debt Sustainability and Debt Management – the Macro Framework.