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News
04 June 2020

IADB: COVID-19 exacerbates drop in exports from LatAm

The value of exports from Latin America contracted by 3.2% in the first quarter of 2020 compared to the same period in 2019, according to a new report by the...

News
02 June 2020
in
Social infrastructure

€95m EIB loan will fund Estonian rail modernisation project

The European Investment Bank (EIB) has signed a €95 million, 25-year loan agreement with the Estonian national railway company Eesti Raudtee. The Estonian...

News
29 May 2020

US removes sanctions from Zimbabwe's Agribank and IDBZ

Two banks with links to the Zimbabwe government - Agribank and the Infrastructure Development Bank of Zimbabwe (IDBZ) - were this week removed from the US sanctions...

News
20 May 2020

HSBC Global Asset / IFC fund raises $474m for emerging market climate action

HSBC Global Asset Management and the International Finance Corporation have announced the third closing of the HSBC Real Economy Green Investment Opportunity GEM Bond...

News
14 May 2020
in
Renewable energy, Waste and water

AfDB loans for Burkina Faso water, electricity projects ratified

Financing worth over €64 million by the African Development Bank for two projects in Burkina Faso has been authorised for ratification by the government.The first...

News
01 May 2020

KfW Group reports Q1 rise in financing but COVID-19 hits profit

Promotional business volume of Germany's KfW Group was €19.8 billion in the first three months of 2020 - up from €16.9 billion in the same period last year...

News
21 April 2020

Soros urges EU to use perpetual bonds to finance Covid-19 recovery fund

George Soros says the European Union should raise the €1 trillion needed for a recovery fund to fight the Covid-19 pandemic by selling perpetual bonds.The principal...

News
02 April 2020

EBRD trade support hits new monthly record amid COVIA-19 crisis

The European Bank for Reconstruction and Development provided a record level of support for trade activity in March as demand rose in response to the impact of the...

News
27 March 2020

EAIF, IFC sign Master Cooperation Agreement

The Emerging Africa Infrastructure Fund (EAIF) has signed a Master Cooperation Agreement (MCA) with the International Finance Corporation.The agreement will come into...

News
12 March 2020

MIGA guarantees Ghorasal Polash fertiliser project

MIGA has issued $357 million in guarantees to support the construction, installation and operation of the $1.3 billion Ghorasal Polash Urea Fertiliser plant in...

News
09 March 2020
in
Renewable energy

Uzbekistan's Sherabad solar tender attracts interest

According to Uzbekistan’s Ministry of Energy, 54 bidders have responded to its call for expressions of interest in a 200MW solar project in Sherabad, in the (for a...

News
28 February 2020
in
Traditional energy

Pemcorp gas-fired plant refi signing nears

Arroyo Energy is expected to sign on a $170 million seven-year loan in April to refinance the debt package stapled to its 131MW Pemcorp simple-cycle gas-fired project in...

News
24 February 2020
in
Social infrastructure

Work set to start on $841m Kenyan road project

Construction of the Isiolo-Mandera road in Kenya is set to commence soon after the Kenya National Highways Authority (KeNHA) released the building plans.The $841 million...

News
14 February 2020

China’s overseas energy financing drops to lowest in a decade

China’s spending on overseas energy projects has dropped to its lowest in more than a decade, as the nation focuses on domestic issues and rethinks its strategy...

News
04 February 2020

NIB helps finance €145m central hospital building in Finland

The Nordic Investment Bank and the Vaasa Hospital District have signed a loan agreement of €72.5 million for the construction of a new hospital building in the Vaasa...

News
30 January 2020
in
Traditional energy

EIB helps finance Polish heating network upgrades

The European Investment Bank has agreed financing to help Polish towns implement energy efficiency programmes. The EIB will lend PLN100 million (€23.2 million)...

News
29 January 2020
in
Renewable energy

EBRD helps finance expansion of Turkey's Kiyikoy wind farm

The European Bank for Reconstruction and Development has agreed a $37 million loan to finance the expansion of the Kiyikoy wind farm in the northwest of Turkey. ICBC...

News
10 January 2020
in
Social infrastructure

EBRD agrees $137m loan for Mongolian road project

The European Bank for Reconstruction and Development is providing $137 million for investments to double the throughput capacity of the 202km road between...

News
23 December 2019

Tesla to take new $1.4bn loan from Chinese banks for Shanghai factory

US electric vehicle maker Tesla and a group of Chinese banks have agreed a new CNY10 billion ($1.4 billion), five-year loan facility for the company's Shanghai car...

News
23 December 2019
in
Manufacturing, Renewable energy, Traditional energy

IADB finances project to boost electricity coverage in rural Suriname

The Inter-American Development Bank has approved a $30 million investment loan to Suriname for a project to improve access to sustainable electricity.The project is also...