Funding News

European Commission President Ursula von der Leyen has launched two major tools to boost artificial intelligence in the old continent, making it competitive with the USA and China. This includes InvestAI, an initiative aimed at mobilizing 200 billion euros for AI investments, which includes a new 20 billion euro European fund for AI gigafactories.

Artificial Intelligence, the EU Awards the OpenEuroLLM Project with the STEP Seal

The European Investment Bank (EIB) has announced €2.4 billion of new financing to support business innovation, low-carbon energy grids, strategic flood protection initiatives, and upgraded transport networks in Europe and beyond.

The African Development Bank (AfDB) has recently approved a significant loan of €139 million aimed at enhancing youth employment in Côte d'Ivoire. This initiative is part of the broader strategy to address the pressing issue of youth unemployment across Africa, which has been exacerbated by economic challenges and the impacts of the COVID-19 pandemic.

December 5 marks the opening of a new round of calls to support the audiovisual sector in Europe comprehensively, promoting film distribution and festival organization in the sector. This enriches the list of 2025 calls under the Creative Europe 2021-2027 programme.

2025 Creative Europe Work Programme: over 338 million for culture and audiovisual

The World Bank has announced a significant initiative aimed at transforming Brazil's agrifood system through the Transforming Brazil’s Agrifood System program. This ambitious plan, with a budget of $1.602 billion, is designed to bolster the livelihoods of family farmers across the nation, enhance food security, and promote sustainable agricultural practices

The Inter-American Development Bank (IDB) recently announced its commitment to support Suriname in improving spatial planning and environmental management. This initiative aims to address the country's pressing challenges in urban development, resource management, and environmental sustainability.

The European Commission announced a pivotal Growth Plan for Moldova with €1.8 billion, designed to accelerate the country's socio-economic development and support its EU accession ambitions.

The Asian Development Bank (ADB) has recently approved a significant financing package aimed at enhancing irrigation access in rural Nepal. This initiative is set to transform agricultural practices in the Rautahat and Sarlahi districts of Madhesh Province, where farmers have long struggled with inconsistent water supply.

On October 2, 2024, the Asian Development Bank (ADB) announced the approval of a $162 million loan aimed at fostering sustainable and inclusive tourism development in Himachal Pradesh, India.

The Asian Development Bank (ADB) has approved two policy-based loans totalling $400 million to support the Government of Uzbekistan’s initiatives to enhance the country’s financial markets and develop a sustainable, market-led power sector.