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14 October 2020

Proparco unveils $30m financings in China

France's Proparco has announed the signing of two loans in China.The first loan, for $20 million, has been allocated to CD Finance, China’s main microfinance...

14 October 2020
in
Social infrastructure, Waste and water

EIB approves €5.1bn support for COVID-19 resilience, clean energy, rail transport

The European Investment Bank has approved €5.1 billion ($5.98 billion) of new financing to support investment by companies most impacted by COVID-19, alongside...

14 October 2020
in
Mining, Traditional energy

World Bank 'invested over $10.5bn in fossil fuels since Paris Agreement'

The World Bank Group has invested over $12 billion in fossil fuels since the Paris Agreement - $10.5 billion of which were new direct fossil fuel project finance,...

14 October 2020
in
Social infrastructure

World Bank approves $12bn for COVID-19 Vaccines

The World Bank has approved an envelope of $12 billion for developing countries to finance the purchase and distribution of COVID-19 vaccines, tests, and treatments.The...

13 October 2020
in
Mining

Erdene announces conversion of EBRD loan to help finance Bayan project

Canada-headquartered Erdene Resource Development Corp has announced that the European Bank for Reconstruction and Development has exercised its conversion option in...

13 October 2020

CDC hires Myo Zin as Myanmar country representative

CDC, the UK's development finance institution, has appointed Myo Zin as its country representative in Myanmar. He will be based in Yangon and work to expand CDC's...

13 October 2020
in
Renewable energy, Waste and water

ADB helps finance solar pump order in Bangladesh

German supplier Raach Solar and partner Power Utility Bangladesh have secured two tenders worth a total $9 million to install 705 solar-powered irrigation pumps in the...

13 October 2020
in
Agriculture/food chain

IFC helps finance first onion dehydration plant in sub Saharan Africa

The International Finance Corporation and the Africa Agriculture and Trade Investment Fund have made a €13 million ($15.3 million) investment to help...

13 October 2020

Agricultural Development Bank of China selects new chief

The Agricultural Development Bank of China has announced President Qian Wenhui has been appointed its new Communist Party chief. Qian is also expected to take over as the...

13 October 2020

Eurasian Development Bank fund approves $500m credit for Belarus

The Eurasian Fund for Stabilization and Development - managed by the Eurasian Development Bank - has approved the provision of $500 million budget support to...

13 October 2020
in
Renewable energy

Peruvian solar portfolio refi nears financial close

Sponsors of a solar power farm portfolio in Peru - Spanish developer Solarpack Corporacion Tecnologica and French investment fund manager Ardian - are expected to...

13 October 2020
in
Social infrastructure

EIB finances transport, healthcare, education projects in Central Bohemia

The European Investment Bank has signed a CZK1.3 billion loan (€48 million, $56.5 million) with Středočeský kraj, the Region of Central Bohemia in Czech...

13 October 2020

EIB makes €30m investment in Dutch district heating projects

The European Investment Bank and Asper Investment Management have signed an investment agreement worth €30 million in relation to four district heating projects in...

13 October 2020
in
Mining

US DFC announces $25m investment in TechMet

The US International Development Finance Corp has made a $25 million investment into TechMet, a private investment company with a portfolio of projects that produce,...

13 October 2020

DFIs urged to scale up blended finance to meet $15tn infra funding gap

In order to crowd-in more private sector investment, DFIs need to increase their levels of blended finance in low-income countries and provide a wider array of de-risking...

13 October 2020

ADB signs $300m loan to develop Rajasthan’s secondary towns

The Asian Development Bank has signed a $300 million loan with the Indian government to finance inclusive and sustainable water supply and sanitation infrastructure and...

13 October 2020

Iraq to join European Bank for Reconstruction and Development

Iraq has taken the first step to becoming a member of the European Bank for Reconstruction and Development.The 71 existing shareholders of the multilateral financial...

13 October 2020
in
Waste and water

ADB, India sign $270m loan for water supply project in Madhya Pradesh

The Asian Development Bank and the Government of India have signed a $270 million loan to develop water supply and integrated storm water and sewage management...

13 October 2020

IDB Invest launches first AUD bond to support COVID response

IDB Invest has placed a new 15-year A$140 million ($100 million) COVID-19 response bond. Proceeds will be used to support IDB Invest's coronavirus response in Latin...

13 October 2020
in
Social infrastructure

ADB provides $200m for Xiangtan smart city project

The Asian Development Bank has approved $200 million in loans to support China's Xiangtan municipal governmen as it shifts to low-carbon, resilient, and smart city...