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18 January 2018

EBRD invests in a record 51 projects in Turkey in 2017

The European Bank for Reconstruction and Development invested €1.6 billion in Turkey in a record number of 51 projects in 2017. Almost all the investments - 97% -...

18 January 2018

IDB Invest finances Terminal Zarate port expansion in Argentina

IDB Invest, a member of the Inter-American Development Bank Group, will finance the expansion of the Terminal Zarate port in Argentina with an A loan of $15 million....

18 January 2018

ADB agrees additional funds to support SMEs in Sri Lanka

The Asian Development Bank (ADB) has approved $75 million in additional financing to continue support toward the development of small and medium-sized enterprises (SMEs)....

18 January 2018

2018 African Economic Outlook: AfDB make case for Africa's industrialisation

The President of the African Development Bank, citing data from the Bank's 2018 African Economic Outlook, has made a case for accelerating Africa's...

17 January 2018

EBRD meets green-economy goals early as investment hits new record

The European Bank for Reconstruction and Development (EBRD) hit targets for climate finance ahead of schedule in 2017 and its total annual investment reached a new record...

17 January 2018
in
Renewable energy

IFC, Canada support financing for new wind farm in the Dominican Republic

The International Finance Corporation, with support from Canada, has completed an $80 million financing package for the construction and operation of a new,...

17 January 2018

Kenya to merge six financial agencies to form mega development bank

Kenya is set to merge six financial institutions - the Kenya Industrial Estates, Development Bank of Kenya, Industrial Development Bank of Kenya, Uwezo Fund, Youth...

17 January 2018

South Sudan joins African export credit agency

South Sudan has joined the African Trade and Insurance Agency, becoming the multilateral financial institution's 14th member country. South Sudan completed its...

16 January 2018
in
Renewable energy

Baynouna Solar priced and signed

Masdar – via its 70% owned subsidiary Baynouna Solar Energy Company – has signed the project financing for the $235 million 200MWac/248MWdc Baynouna...

16 January 2018

Japan's regional banks entering project financing industry with JBIC

Japan's regional banks are strengthening overseas project financing operations to meet growing demand for funds needed to pursue infrastructure and energy development...

16 January 2018

ADB and AIIB to co-finance more projects

The Asian Development Bank is looking to co-finance more projects this year with the Asian Infrastructure Investment Bank, with the two lenders complementing each other...

16 January 2018

IFC, SocGen, BNP Paribas finance cotton campaign in Burkina Faso

The International Finance Corportion has signed a €65 million financing facility with Societe Burkinabe des Fibres Textiles (SOFITEX) to finance the 2017-2018 cotton...

16 January 2018

CDB commits $250bn to Belt and Road

China Development Bank has committed $250 billion in loans to the Belt and Road Initiative. The bank had extended $110 billion in loans to projects along the ancient...

16 January 2018
in
Renewable energy

EBRD supports France's Urbasolar in Kazakhstan

The EBRD is supporting French company Urbasolar SAS in its plans to build a solar power plant in Kazakhstan. The EBRD will provide a loan in local currency, Kazakh tenge,...

16 January 2018

Kenya secures $750m syndicated loan from Trade Development Bank

Kenya has secured a $750 million syndicated loan for seven years from the Trade and Development Bank to pay off creditors in another two-year syndicated loan that was...

15 January 2018
in
Social infrastructure

EBRD funds Bucharest-Otopeni metro

The EBRD is to provide €300 million towards the Bucharest-Otopeni metro project in Romania. At the end of 2017, the Ministry of Transport announced that it had...

12 January 2018
in
Social infrastructure

IFC signs up for PPP advisory role on Yangon elevated toll road

Myanmar's Ministry of Construction has signed an advisory services agreement with the IFC to design and implement the public-private partnership transaction for a...

12 January 2018
in
Traditional energy

Sasol refinances Ressano Garcia

Sasol and Electricidade de Mocambique have closed a DFI-backed refinancing for the 175MW Central Termica Ressano Garcia (CTRG) gas-to-power project in Mozambique which...

12 January 2018

World Bank approves $170m for Philippine rural development projects

The World Bank has approved an additional $170 million to fund projects designed to boost rural incomes and reduce poverty in the Philippines. The projects support the...

12 January 2018
in
Traditional energy

Britain, Japan fully behind Hitachi nuclear project in Anglesey

Japan and Britain have agreed to provide the most of the financing - a combined $20 billion - for a nuclear power plant project planned by Hitachi on the island of...