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News
13 March 2018

China spending on Belt and Road energy projects drops 28% to $14bn

China's financing for Belt and Road energy projects dropped 28% to $14.3 billion last year, from $19.9 billion. The slowdown in spending came as the government...

News
13 March 2018
in
Renewable energy, Traditional energy

IFC, MIGA agree Bujagali hydro refinancing

The IFC and MIGA have approved a plan to refinance more than $400 million of loans to Bujagali Energy and provide up to $423 million in guarantees in support of the...

News
13 March 2018

Japan International Cooperation Agency opens Cuba office

The Japan International Cooperation Agency (JICA) has opened an office in the Cuban capital, Havana. JICA established the office in response to a request for support...

News
13 March 2018

KDB launches due diligence on GM's troubled South Korean unit

Korea Development Bank (KDB) has launched due-diligence proceedings of General Motors' local unit to decide whether to provide funds for the unit's troubled...

News
13 March 2018
in
Renewable energy, Traditional energy

EBRD supports Entek Elektrik hydro acquisition

The EBRD has issued a $55 million dual-currency loan – $35 million in US dollars and $20 million equivalent in Turkish lira – to Entek Elektrik Uretimi,...

News
13 March 2018

KDB to launch $2.3bn support program for SMEs

Korea Development Bank (KDB) is to offer a new $2.3 billion financial aid program - called KDB Global Challengers 200 - for small and medium-sized enterprises. It will...

News
13 March 2018

Nordic Investment Bank reveals loans and profits for 2017

The Nordic Investment Bank signed 55 loans totalling €3,665 million in 2017, down from 58 loans worth €4,220 million in 2016, new figures show. Net profit...

News
12 March 2018
in
Agriculture/food chain

IFC agrees $55m loan to Brazilian sugarcane group Jalles Machado

The International Finance Corporation has provided $55 million in long-term financing to Jalles Machado, a Brazilian sugarcane processor and a biomass producer. The...

News
12 March 2018

NIB and BillerudKorsnäs agree €78.5m new board machine loan

Nordic Investment Bank and the Swedish pulp and paper manufacturer BillerudKorsnäs have signed a €78.5 million seven-year loan to finance part of the...

News
12 March 2018
in
Renewable energy, Traditional energy

NYSERDA awards $1.4bn of renewables projects

New York State Energy Research and Development Authority (NYSERDA) has awarded $1.4 billion of utility-scale renewable projects as part of the Clean Climate Careers...

News
12 March 2018
in
Renewable energy

IIC considers $50m loan for Arauco Wind Project in Argentina

A $50 million loan to support the construction of the Arauco Wind Project II and its associated transmission connection is under consideration by the Inter-American...

News
09 March 2018

KfW agrees $40m climate project deal with Bangladesh

German development bank KfW has a signed $40 million deal with Bangladesh to support the country's Climate Resilient Infrastructure Mainstreaming project. The...

News
09 March 2018
in
IT and telecoms

Subtel opens Los Lagos and Aysen trunk link tender

Subsecretaria de Telecomunicaciones (Subtel) has opened an official call for tenders for the Los Lagos and Aysen terrestrial trunks of the 4400km Fibra Optica Austral...

News
09 March 2018
in
Renewable energy

AFD backs BRDE renewables support programme

Brazilian regional development bank BRDE has raised a €50 million ($62 million) 10-year loan (inclusive of three-year grace period) from Agence Francaise de...

News
09 March 2018

ADB eco projects in Cambodia, Mongolia, Tajikistan secure GCF funds

The Asian Development Bank has secured $190 million in total funding - comprising of $85 million in grants and $105 million in concessional loans - from the Green Climate...

News
09 March 2018
in
Social infrastructure

EIB finances extension of Rabat-Salé tramway

The European Investment Bank has agreed a €40 million loan with Morocco's Rabat-Salé Tramway Company to extend the intercity tramway. The transport...

News
09 March 2018

Afreximbank and BDEAC to work on African trade and projects

The African Export-Import Bank (Afreximbank) and the Development Bank of Central African States (BDEAC) have agreed a memorandum of understanding to improve the promotion...

News
08 March 2018
in
Renewable energy

BNDES reduces interest rate for loans for large-scale solar projects

Brazilian development bank BNDES has reduced the interest rate for loans it will award to solar energy projects from 1.7% to 0.9%. The bank said the same reduction will...

News
08 March 2018
in
Renewable energy

Ergon Peru raises DFI-backed solar project loan

Ergon Peru has raised a $142 million project financing to fund development of a $175 million rural distributed generation solar project across Peru. The 13-year debt is...

News
08 March 2018
in
Renewable energy

Eosol gets Nafin credit for PV projects

Eosol has raised a $70.1 million credit line from development bank Nacional Financiera (Nafin) to part fund the initial stages of three solar PV projects – the TAI...