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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
14 May 2020
in
Agriculture/food chain

RMB picked as financial adviser for South Africa’s Land Bank

Creditors of the Land and Development Bank of South Africa picked Rand Merchant Bank as financial adviser after it missed a loan repayment that triggered a cross default...

News
14 May 2020

EBRD economies may contract by 3.5% in 2020

Economies across the European Bank for Reconstruction and Development's regions may contract on average by 3.5% this year because of the impact of the coronavirus,...

News
14 May 2020

World Bank announces new VP for LatAm, Caribbean region

The World Bank has appointed Carlos Felipe Jaramillo as Vice President for the Latin America and the Caribbean Region, effective 1 July.Jaramillo, an economist and...

News
13 May 2020

KfW pays out €19.3bn in coronavirus aid loans

Germany’s state development bank KfW has approved €19.3 billion ($20.99 billion) of emergency loans to help companies bridge liquidity gaps and survive the...

News
13 May 2020

Development Bank of Wales helps finance Barry regeneration project

The Development Bank of Wales has invested £2.9 million in a project to transform a Victorian railway building into an entertainment and business complex.The 1880s...

News
13 May 2020
in
Social infrastructure

World Bank deploys $33.6m in emergency COVID-19 funding to Iraq

The World Bank has approved the re-allocation of $33.6 million under the current Emergency Operation for Development Project to support Iraq's efforts in preventing,...

News
13 May 2020

OPEC Fund agrees financing to boost SMEs in Turkmenistan

The OPEC Fund for International Development has signed a $10 million term loan with the State Bank for Foreign Economic Affairs of Turkmenistan to support the...

News
13 May 2020
in
Renewable energy

AfDB approves additional funds for Djibouti geothermal project

The African Development Bank has approved an additional $3.22 million loan for the geothermal project at Lake Assal, in Djibouti. The financing will allow for work on...

News
13 May 2020

EIB, Banque du Caire provide $100m to finance Egyptian SMEs

The European Investment Bank has signed a financing agreement of $100 million with Banque du Caire to finance the investments of Egyptian small and medium-sized...

News
13 May 2020
in
Social infrastructure

CEB approves COVID-19 response projects worth €1.3bn

The Council of Europe Development Bank (CEB) has approved eight new loans totalling almost €1.3 billion to its member countries for fighting the COVID-19...

News
13 May 2020

China Development Bank to issue $9bn loans to Hubei Province

The China Development Bank will issue loans worth over CNY64 billion (about $9.02 billion) to the Hubei Province this year. The loans will mainly focus on key areas...

News
13 May 2020
in
Social infrastructure

NDB disburses $1bn loan to support India during COVID-19 crisis

The New Development Bank has provided a $1 billion Emergency Assistance Program Loan to India to support the country's efforts to contain the spread of COVID-19 and...

News
13 May 2020
in
Social infrastructure

SocGen joins EBRD in financing Izmir metro extension

Societe Generale is joining the European Bank for Reconstruction and Development in financing the expansion of the metro network in Izmir, Turkey.The French bank is...

News
12 May 2020
in
Renewable energy

EIB finances 30MW wind farm offshore France

The European Investment Bank (EIB) has approved an undisclosed sum to finance the development of the 30MW Golfe du Lion floating wind project offshore France. The...

News
12 May 2020

OPEC Fund signs $20m loan to support SMEs in Uzbekistan

The OPEC Fund for International Development has signed a $20 million loan agreement with Uzbek Industrial and Construction JSC Bank to support the trade finance...

News
12 May 2020
in
Mining

World Bank says mineral production to soar as demand for clean energy rises

The production of minerals, such as graphite, lithium and cobalt, could increase by nearly 500% by 2050 to meet the growing demand for clean energy technologies,...

News
12 May 2020
in
Mining

Polymetal seals $77m development fund loan for POX-2 project

Polymetal has agreed a ten-year loan of RUB5.7 billion ($77 million) with the Far East and Arctic Development Fund to help finance construction of the second stage of the...

News
12 May 2020
in
Renewable energy

Micronesia launches tender for utility scale solar-plus-storage

The government of the Federated States of Micronesia has launched a tender for construction of several solar plants linked to energy storage systems. The first of...

News
12 May 2020
in
Social infrastructure

DFC to invest up to $2bn in health-related projects in developing countries

US International Development Finance Corporation (DFC) has announced a new Health and Prosperity Initiative. It includes a call for proposals from private sector entities...