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26 February 2018

ADB agrees $84m loan for water projects in Bihar

The Asian Development Bank has signed an $84 million loan agreement to finance water supply projects in Bhagalpur and Gaya, Bihar, India. The 25-year loan will finance...

26 February 2018
in
Traditional energy

EBRD finances Romania's section of regional gas pipeline

The European Bank for Reconstruction and Development (EBRD) is providing a €60 million loan to Romania's Transgaz for the construction of a new gas pipeline...

26 February 2018
in
Renewable energy

Montenegro to buy part of transmission infrastructure of Krnovo wind farm

Montenegro's government has approved the acquisition of part of the transmission infrastructure of the country's only wind farm, in Krnovo, by power grid operator...

23 February 2018
in
Renewable energy

ADB, B.Grimm Power expand support for renewable energy in ASEAN

The Asian Development Bank has signed a loan equivalent of up to $235 million with Thailand's B.Grimm Power to develop and enhance renewable energy capacity in member...

23 February 2018

World Bank may refinance Uganda's Bujagali hydropower project

The World Bank is considering a refinancing package for the controversial Bujagali hydropower project in Uganda - a 250MW hydropower station built on the River Nile -...

23 February 2018
in
Mining

EDB to invest €196.9m in Bogatyr Komir project

The Eurasian Development Bank (EDB) and Kazakh mining group Bogatyr Komir signed a €196.6 million loan agreement to finance the modernisation of coal production...

22 February 2018
in
Social infrastructure

Almaty Ring Road PPP nearer to realisation

The heavily DFI-backed Almaty Ring Road (BAKAD) PPP project in Kazakhstan has reached commercial close – 16 years since first being approved by the Kazakh...

22 February 2018
in
Social infrastructure

IWAI appoints KPMG to advise on Jal Marg Vikas Project

The Inland Waterways Authority of India (IWAI) has appointed KPMG to develop an asset management and operation framework for capacity augmentation of navigation on the...

22 February 2018

Port of Rotterdam signs agreement for waste-to-chemical facility

A consortium of Air Liquide, AkzoNobel Specialty Chemicals, Enerkem and the Port of Rotterdam have agreed to develop a €200-million waste-to-chemistry facility in...

22 February 2018

EIB and Raiffeisen Leasing join forces to boost SMEs

The European Investment Bank has signed an intermediated loan agreement of €30 million with Raiffeisen Leasing Bulgaria to finance projects of small and medium-sized...

22 February 2018

EDB: Member states' economic growth to speed up to 2.2% in 2018

Eurasian Development Bank (EDB) analysts forecast positive economic growth in the lender's member states and a 2.2% increase in the region's GDPs in 2018. In...

22 February 2018

New Romanian Development Bank to focus on SMEs and projects

The draft bill for the creation of the Romanian Development Bank has been approved by the Senate. The lender is set to focus on financing small and medium-sized...

21 February 2018

IsDB set to issue largest Sukuk for $2.5bn

The Islamic Development Bank (IsDB) is set to soon issue its largest Sukuk for $2.5 billion. The Saudi Arabia-headquartered bank has a $1.5 billion Sukuk maturing...

21 February 2018

GM proposes $2.8bn investment in South Korea operations

General Motors has proposed an investment of $2.8 billion into its loss-making South Korean operations over the next ten years and has asked Seoul to provide its...

21 February 2018
in
Social infrastructure

ADB agrees $360m loan for rolling stock to boost Bangladesh Railway

The Asian Development Bank (ADB) has approved loans totaling $360 million to buy modern rolling stock and support reform in Bangladesh Railway to help promote a shift...

21 February 2018

IFC inks green financing deal with Philippine, Mongolia banking groups

The International Finance Corporation has signed a memorandum of understanding with the Bankers Institute of Philippines and the Mongolian Bankers Association to foster...

21 February 2018

JBIC sets up joint Japanese Project Promotion Vehicle in Russian Far Eastern region

The Japan Bank for International Cooperation (JBIC) has signed a final agreement on the formation of a joint venture company to promote Japanese investment in the...

20 February 2018

EIB: Marjut Santoni to be new Secretary General

The European Investment Bank (EIB) has appointed Marjut Santoni as Secretary General. She will start her new role on 1 March. From 2013 to 2015, she was Deputy Chief...

20 February 2018

World Bank approves $486m to improve Nigeria’s electricity transmission network

The World Bank has agreed to provide $486 million to Nigeria to support its Nigeria Electricity Transmission Project. The funds will be used to upgrade electricity...

20 February 2018

EIB agrees loan to Banca Transilvania to boost Romanian SMEs

The European Investment Bank (EIB) has agreed to lend €75 million - the first tranche of an approved loan of €150 million - to Banca Transilvania, the second...