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29 May 2020
in
Traditional energy

Eight firms bid to oversee €290m Cyprus LNG project

Eight international bids have been received for the contract to supervise building a liquefied natural gas terminal in Cyprus for importing LNG, the state Natural Gas...

29 May 2020

EIB, EC join forces on new facility to finance green investments

The European Commission has presented its proposal for a public sector loan facility under the Just Transition Mechanism. The facility will be implemented with the...

29 May 2020

KDB issues Eurobonds worth $1bn

Korea Development Bank has raised $1 billion by issuing dollar-denominated Eurobonds to Asian and European investors.The bonds are five-year fixed-rate bonds. The bank...

29 May 2020
in
Renewable energy

EIB pushes back bid deadline for technical advisory on GCDP

The European Investment Bank (EIB) has pushed back the deadline for bids for the technical advisory role on the Gaza Central Desalination Plant and Associated Works...

29 May 2020

US removes sanctions from Zimbabwe's Agribank and IDBZ

Two banks with links to the Zimbabwe government - Agribank and the Infrastructure Development Bank of Zimbabwe (IDBZ) - were this week removed from the US sanctions...

29 May 2020
in
Social infrastructure

Cabo Verde receives €30m from AfDB to boost COVID-19 fight

The African Development Bank has extended a loan of €30 million to Cabo Verde to help the West African island nation fight the COVID-19 outbreak and mitigate its...

29 May 2020
in
Social infrastructure

World Bank finances Caribbean air transport connectivity projects

The World Bank's Board of Executive Directors hasapproved a series of Caribbean Regional Air Transport Connectivity Projects in four countries for a total of $159...

29 May 2020

Eurasian Development Bank places RUB10bn bonds

The Eurasian Development Bank (EDB) has placed its Series 001P-07 bonds for a total of RUB10 billion on Moscow Exchange.The order book was built on 20 May 2020. The...

29 May 2020
in
Social infrastructure

AIIB, ADB boost Philippines response with $750m loan

The Asian Infrastructure Investment Bank (AIIB) has approved a $750 million loan to the Philippines in a bid to help stave off the worst public health and economic...

28 May 2020

€250m EIB loan boosts SMEs in Catalonia

The European Investment Bank is providing the Barcelona-based Institut Catala de Finances (ICF) with a loan of up to €250 million to support small and medium-sized...

28 May 2020

What’s the role of development finance in the era of COVID-19?

CDC Group, the UK’s development finance institution, has examined in what way DFIs are helping businesses in Africa and Asia be resilient through the COVID-19...

28 May 2020

KfW commitment to developing countries stable at €10.6bn

Promotion of developing countries and emerging economies by Germany's KfW in 2019 maintained the previous year’s level of €10.6 billion for 529 projects.Of...

28 May 2020
in
Renewable energy

Voltalia wins tender to build, operate 140MW solar plant in Albania

French renewables company Voltalia has won a tender to build and operate a 140MW solar plant at the Albanian coastal site of Karavasta.It will sell half the electricity...

28 May 2020
in
Social infrastructure, Waste and water

IFC agrees $30m financing for Abdali Hospital expansion in Jordan

The International Finance Corporation is providing a financing package of up to $30 million for the completion and expansion of Abdali Hospital, a 200-bed modern...

28 May 2020

New Development Bank elects Marcos Troyjo as President

Marcos Troyjo has been elected as President the New Development Bank from 7 July, 2020. Anil Kishora was also elected as Vice President.Troyjo recently served as...

28 May 2020

Michael Denham reappointed to lead BDC

Michael Denham has been reappointed as the President and CEO of the Business Development Bank of Canada (BDC) for an additional one-year term, effective 10 August,...

27 May 2020
in
Social infrastructure

CABEI approves $50m COVID-19 financing to Honduras

The Central American Bank for Economic Integration (CABEI) has approved $50 million to the Republic of Honduras to increase efforts for the prevention, detection and...

27 May 2020
in
Renewable energy

EIB helps finance 66MW solar PV project in Poland

The European Investment Bank has signed its first loan to a company building and running photovoltaic plants in Poland. The bank will lend PLN82 million (about...

27 May 2020
in
Waste and water

NADB finances wastewater project in Mexico

The North American Development Bank is providing a $3.4 million grant for a wastewater project in Mexicali, Mexico.The financing will be provided the Border Environment...

27 May 2020
in
Mining, Traditional energy

G20 countries provide $77bn a year to fossil fuel industry, says report

G20 countries have provided at least $77 billion a year in public finance to oil, gas and coal projects since the Paris Climate Agreement was reached, according to a new...