Project finance volumes jump 47.1%

The global project finance loans market jumped 41.6% to US$591.4bn in 2025 from US$417.4bn. Global project bond issuance was up 82.8% to US$116.5bn from US$63.7bn. As a result, the global project finance market increased 47.1% to US$707.9bn in 2025 compared to US$481.1bn in 2024. The number of loan deals rose from 1,004 to 1,132 and the number of bond deals rose from 122 to 142. Multilateral lending in developing countries near doubled from US$9.5bn to US$17.8bn and in developed markets rose from US$9bn to US$11.3bn.