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News
20 September 2019

Nigeria seeks fresh $2.5bn World Bank loan

Nigeria and the World Bank are in talks for as much as $2.5 billion in a new tranche of concessionary lending to the country. In the past year Nigeria received $2.4...

News
20 September 2019
in
Renewable energy, Traditional energy

EPCG raises €33m for phase 2 of Perucica hydro project

Montenegro’s state power utility Elektroprivreda Crne Gore (EPCG) has signed a €33 million loan with KfW for Phase II of a project to overhaul and modernise...

News
19 September 2019

NIB launches 7-yr €500m green bond

The Nordic Investment Bank has launched a seven-year €500 million NIB Environmental Bond (NEB), due September 2026. The lender said a high-quality green order...

News
19 September 2019
in
Renewable energy

FRV reaches financial close on Potrero Solar project

Fotowatio Renewable Ventures (FRV) has reached financial close on the $250 million 296MW Potrero Solar project, the company's second solar build in Mexico. The deal...

News
19 September 2019

World Bank debars Indonesian, Chinese, and Spanish groups

The World Bank has announced the debarments of Indonesian, Chinese, and Spanish companies in three unrelated actions. PT. Suburo Jayana Indah Corp (Sujainco) was...

News
19 September 2019

Japan to nominate Masatsugu Asakawa as next ADB head

Japan is expected to nominate Masatsugu Asakawa as its candidate to become the next Asian Development Bank leader. The position of president of the ADB has always been...

News
18 September 2019
in
Renewable energy, Traditional energy

EBRD seeking consultant to develop Kosovo wind tender

The EBRD has launched a request for proposals (RFP) for a consultant to develop and implement Kosovo’s first wind energy tender. The up to €1 million contract...

News
18 September 2019

IADB launches inaugural $600m three-year SOFR-linked bonds

The Inter-American Development Bank has priced its inaugural $600 million three-year SOFR-linked floating rate global bond due 16 September 2022. The issue priced at...

News
18 September 2019

HBOR partners with banks to provide €68m for rural development

Croatia's state-owned reconstruction and development bank HBOR has launched a joint project with three local banks to extend €68 million (HRK500 million) worth...

News
18 September 2019

ADB: Emerging East Asia bond markets continue growth despite risks

Emerging East Asia’s local currency bond market expanded steadily in the second quarter of 2019 despite downside risks stemming from ongoing trade conflicts, a...

News
18 September 2019
in
Agriculture/food chain

Cocobod, Genertec to build CDB-financed processing factory

Ghana's Cocobod has signed an agreement with the China General Technology Group (Genertec) to set up a cocoa processing factory in Ghana.The factory, which will be...

News
18 September 2019

Japan’s GPIF and NIB to promote environmental bond investments

Nordic Investment Bank and Japan’s Government Pension Investment Fund (GPIF) have launched a joint collaboration to promote the integration of environmental, social...

News
18 September 2019

EBRD agrees $75m trade finance limit with Byblos Bank

Trade activities of Lebanese businesses will receive a boost from a trade finance limit of up to $75 million to the country’s third-largest lender, Byblos Bank, by...

News
17 September 2019

New World Bank role for Marie Françoise Marie-Nelly

Marie Françoise Marie-Nelly has been appointed to succeed Paul Noumba Um as the World Bank's country director for South Africa, Namibia, Lesotho, Botswana and...

News
17 September 2019

ADB President Takehiko Nakao announces retirement

Takehiko Nakao has announced his resignation as the President of Asian Development Bank, effective 16 January, 2020.He has been in the role since 28 April, 2013. An...

News
17 September 2019

EBRD loan will finance construction of new plant for Isik Organic

Turkey’s leading exporter of organic dried fruits and nuts, Isik Organic, will expand its production and reduce waste with a €16 million loan from the European...

News
17 September 2019
in
Agriculture/food chain

FMO loan to Niche will support cocoa processing in Ghana

Dutch development bank FMO and Niche Confectionery have signed an €8 million loan agreement which supports local cocoa processing in Ghana. Niche will use the...

News
16 September 2019

EBRD agrees trade finance loan to Credit Libanais

The European Bank for Reconstruction and Development has signed an agreement with Credit Libanais for the provision of a loan of up to $50 million and a trade finance...

News
16 September 2019

KDB chief under fire for proposing merger with Kexim

Korea Development Bank (KDB) Chairman Lee Dong-gull is facing growing criticism after proposing a merger with the Export-Import Bank of Korea (Kexim).The chairman cited...

News
16 September 2019

NDB agrees loans worth $1.4bn for projects in South Africa, India, Russia

The New Development Bank (NDB) has approved four infrastructure and sustainable development projects with loans aggregating to about $1.4 billion, bringing the...