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16 June 2020

World Bank signs $175m budget support for Tunisia amid COVID-19 crisis

The World Bank has approved budget support of $175 million for Tunisia to help the country deal with the economic impact of COVID-19.The Resilience and Recovery Emergency...

16 June 2020

EBRD appoints Hannes Takacs as new head in Mongolia

Hannes Takacs has been appointed to lead the European Bank for Reconstruction and Development in Mongolia. He will start his new role as head of office on 14 July and...

16 June 2020
in
Social infrastructure, Waste and water

World Bank approves $1bn for better education and health care in DRC

The World Bank has approved $1 billion from the International Development Association to build human capital in the Democratic Republic of Congo.The financing includes...

16 June 2020
in
Social infrastructure, Waste and water

IADB supports urban upgrading program in Trinidad and Tobago

The Inter-American Development Bank has approved $50 million in loan resources to support Trinidad and Tobago’s effort towards improving the living conditions of...

16 June 2020
in
Social infrastructure

Embraer secures $600m loan from BNDES, private banks

Brazilian planemaker Embraer has secured a $600 million loan, partly backed by Brazil’s government, at the same time as a key executive departed the planemaker...

16 June 2020

€125m EIB loan helps finance battery materials production in Poland

The European Investment Bank has signed a €125 million loan deal with Belgium-based global materials technology and recycling group Umicore to finance part of the...

15 June 2020

AFC issues $700m 5-year Reg S Eurobond

Africa Finance Corporation has announced the issuance of a $700 million Reg S Eurobond, maturing 16 June 2025.The issuance - which carries a coupon of 3.125% - was...

15 June 2020

Proparco, Ethos Mezzanine invest in Ethiopia's Turaco

France's Proparco and South Africa-based Ethos Mezzanine Partners have announced a $22 million investment into Turaco, an Ethiopian holding company which holds a...

15 June 2020

IsDB hires banks for dollar sukuk

Jeddah-based Islamic Development Bank has hired banks for a potential sale of US dollar-denominated five-year sukuk, or Islamic bonds.The triple-A rated financial...

15 June 2020

EBRD agrees €75m COVID-19 loan to UniCredit Bank Serbia

Business and municipalities in Serbia will benefit from a €75 million loan provided by the European Bank for Reconstruction and Development to UniCredit Bank...

15 June 2020
in
Social infrastructure, Waste and water

Finland's Espoo Schools PPP project debt priced

On 9 June the Espoo Schools PPP project financing in Finland reached financial close on an up to €170 million ($184.2m) DFI-backed loan to fund the...

15 June 2020
in
Social infrastructure

CEB signs €200m loan deal to help Estonia fight COVID-19

The Council of Europe Development Bank (CEB) and Estonia’s Ministry of Finance have signed a €200 million loan agreement to support the government’s...

15 June 2020
in
Social infrastructure, Waste and water

EIB approves €7.5bn in new financing for global projects

The European Investment Bank has approved €7.5 billion of new financing for projects across Europe and around the world. The financing includes investment to...

15 June 2020

World Bank, Turkey Export Credit Bank agree partial credit guarantee deal

The World Bank has approved a partial credit guarantee for €250 million ($273,580,000 equivalent) to Turkey Export Credit Bank for the Turkey Long-Term Export...

15 June 2020
in
Manufacturing, Traditional energy

APICORP predicts drop in planned MENA investments

The Arab Petroleum Investments Corporation (APICORP) has estimated that planned and committed investments in the MENA region will exceed $792 billion over the next five...

15 June 2020
in
Social infrastructure

ADB loan helps finance Bangladesh road project expansion

The Asian Development Bank has approved a $100 million loan to expand the coverage of an ongoing rural road network improvement project in Bangladesh, connecting the...

15 June 2020

DFC unveils first members of Development Advisory Council

The US International Development Finance Corporation (DFC) has approved the first members of the agency’s inaugural Development Advisory Council. Members will...

12 June 2020
in
Traditional energy

US DFC proposes to lift ban on nuclear investment

The US International Development Finance Corporation (DFC) has proposed policy changes that would lift the ban on its investment into nuclear power. The DFC says that...

12 June 2020

ADB approves $3 million grant to Sri Lanka

Asian Development Bank (ADB) has approved a $3 million grant from it's Asia Pacific Disaster Relief Fund to support Sri Lanka's Covid-19 response. Financed by the...

12 June 2020

Bank Muscat raises $150m corporate facility from CDB

Bank Muscat has raised a $150 million unsecured five-year loan from China Development Bank (CDB). The proceeds will be used for lending operations and complement a recent...