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18 June 2020
in
Manufacturing, Traditional energy

€225m AfDB loan will support Egypt's electricity sector

The African Development Bank has approved a €225 million loan to finance Egypt’s Electricity and Green Growth Support Program.The funding will help meet the...

18 June 2020

Developing Asia to grow just 0.1% in 2020, warns ADB

Developing Asia will barely grow in 2020 as containment measures to address the coronavirus pandemic hamper economic activity and weaken external demand, according to new...

18 June 2020

Brazil backs US candidate for IADB presidency

Brazil’s right-wing government has welcomed the nomination of a US candidate for president of the Inter-American Development Bank - a position which has always been...

17 June 2020
in
Renewable energy

APICORP invests in Jordan Wind Project Company

The Arab Petroleum Investments Corporation (APICORP) has announced its first direct equity investment in a wind energy venture, the Jordan Wind Project Company, which is...

17 June 2020

NDB prices $1.5bn COVID-19 Response Bond

The New Development Bank has priced its inaugural benchmark $1.5 billion three-year COVID Response Bond in the international capital markets. Citi, Credit Agricole...

17 June 2020

EBRD loans of €60m boost Serbian SMEs

Small businesses in Serbia will benefit from a financing package provided by the European Bank for Reconstruction and Development to Erste Bank Serbia as the country...

17 June 2020

BNDES hires BR Partners to sell stake in AES Tiete

The investment arm of Brazilian development bank BNDES has hired investment bank BR Partners to sell its stake in power company AES Tiete Energia SA. BR Partners will...

17 June 2020

Welsh development bank reports record investments of £103.3m

The Development Bank of Wales has reported a record 457 investments totalling £103.3 million in the financial year ended 31 March 2020.  The figure is a 29%...

17 June 2020

CDC and Rwanda Finance partner on Kigali International Financial Center

CDC Group, the UK’s DFI, has signed a partnership agreement with Rwanda Finance to support the development of a new international financial capital for...

17 June 2020
in
Social infrastructure

World Bank helps finance Egypt's Universal Health Insurance System

The World Bank has approved financing worth $400 million to support Egypt’s transformational Universal Health Insurance System as the country’s pathway toward...

17 June 2020

IFC invests $100m in Nigeria’s Zenith Bank to support SMEs during pandemic

The International Finance Corporation has made an investment of up to $100 million in Nigeria’s Zenith Bank to help it increase support to clients and companies...

17 June 2020

AfDB joins Nasdaq Sustainable Bond Network

Nasdaq has announced the inclusion of the African Development Bank in the Nasdaq Sustainable Bond Network (NSBN) - a global and publicly available platform designed to...

17 June 2020

EIB Group, Banco Sabadell provide €576m to finance SMEs and mid-caps

The European Investment Bank has agreed a €96 million guarantee for a loan securitisation portfolio with Spain's Banco Sabadell to support small and medium-sized...

17 June 2020
in
Social infrastructure

AIIB approves $750m loan to India for COVID-19 response

The Asian Infrastructure Investment Bank has approved a $750 million loan to India to help the government in its response to the adverse impacts of the COVID-19...

17 June 2020

IFC appoints Judith Green as Caribbean Regional Manager

The International Finance Corporation has appointed Judith Green as the Regional Manager for the Caribbean, overseeing operations in the Dominican Republic, Haiti, and...

17 June 2020
in
Social infrastructure

ADB agrees $80m financing for green transport in China

The Asian Development Bank has signed an $80 million loan with Bank of Communications Financial Leasing Co. Ltd. to fund the lease of new energy buses which will...

17 June 2020

US announces nomination to lead IADB

The US will nominate Mauricio J Claver-Carone, a senior White House official, to head the Inter-American Development Bank.He currently serves as the deputy assistant to...

16 June 2020
in
Waste and water

KfW IPEX, EIB help finance €500m desalination plant in Israel

Germany's KfW IPEX-Bank is providing €90 million of financing, alongside €150 million from the European Investment Bank, for the construction and operation...

16 June 2020

EBRD appoints new lead in Mongolia

The EBRD has appointed Hannes Takacs to lead the DFI in Mongolia. Takacs starts his new role as head of office on 14 July (2020) and moves to Ulaanbaatar as soon as...

16 June 2020

OPEC Fund and Oman launch project partnership

The OPEC Fund for International Development and Oman have launched a new partnership to help drive development in line with the country’s ambitions to become a...