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19 May 2020

CDB agrees $67m loans to 7 countries amid COVID-19 crisis

The Caribbean Development Bank (CDB) has agreed emergency loans totalling $66.7 million to seven countries to finance the response to the COVID-19 pandemic. Antigua...

19 May 2020

AIIB launches 2020 presidential election

The Asian Infrastructure Investment Bank has opened the nomination process for the election of its next president. The election will take place during the rescheduled...

19 May 2020
in
Social infrastructure

IADB approves financing to help Paraguay fight COVID-19 economic crisis

The Inter-American Development Bank has approved a $210 million loan for Paraguay to help address the public health and economic crises triggered by COVID-19. Of the...

19 May 2020
in
Renewable energy

Azure's 400MW Indian solar portfolio attracts investors

A number of investor are holding early discussions for the potential acquisition of a 400MW solar project portfolio in India from Azure Power Global.KKR & Co, Actis,...

19 May 2020
in
Social infrastructure, Waste and water

DEG agrees $12m loan to finance Yangon hospital expansion

Germany's DEG – Deutsche Investitions- und Entwicklungsgesellschaft – is providing Asia Royal Company with a long-term loan worth $12 million to modernise...

19 May 2020
in
Social infrastructure

World Bank supports Uruguay in the fight against COVID-19

The World Bank has approved an emergency loan for $20 million to support the Uruguayan Government’s efforts to minimize impacts of the coronavirus pandemic on the...

19 May 2020
in
Social infrastructure, Waste and water

Abivax bags €36m fund for COVID-19 programme

French biotechnology company Abivax has received a €36 million non-dilutive funding from Bpifrance for its ABX464 Covid-19 programme. The funding consists of a...

19 May 2020

CDC unveils record levels of trade finance to Africa and South Asia

CDC Group, the UK’s development finance institution, has announced a record month for its trade guarantee programme, with over $500 million guaranteed across 350...

19 May 2020
in
Renewable energy, Traditional energy

EIB finances ArcelorMittal's carbon emission-reducing projects

The European Investment Bank, with the support of the European Commission, has agree a €75 million loan for the construction of two projects at ArcelorMittal Ghent,...

18 May 2020

FMO supports microfinance group Cofina in Senegal, Ivory Coast

Dutch development bank FMO has closed multiple transactions to microfinance group Compagnie Financiere Africaine (Cofina). A total of €7.5 million is issued to...

18 May 2020

OPEC Fund raises African trade finance program to $100m

The OPEC Fund for International Development has increased its trade finance program from $50 million to $100 million to enable Natixis to enhance support for trade and...

18 May 2020
in
Waste and water

EU adds to financing for Cambodian water treatment plant project

The European Investment Bank has secured a €12.7 million grant from the European Union for the construction of the Bakheng Water Treatment Plant and 500km of water...

18 May 2020

IFC appoints Smiley Giobauta as Solomon Islands Country Manager

The International Finance Corporation has appointed Smiley Giobauta as Country Officer for Solomon Islands. He spent 15 years at the Solomon Islands’...

18 May 2020
in
Renewable energy

EBRD helps finance Qair's 200MW green energy portfolio in Poland

The European Bank for Reconstruction and Development has agreed five loans totalling PLN280 million (€63 million equivalent) to France's Qair to support the...

18 May 2020
in
Social infrastructure

Egypt receives $50m World Bank funding for COVID-19 fight

The World Bank has approved $50 million for Egypt as an emergency response under the lender's Fast Track COVID-19 Facility.The project funds will support procuring...

18 May 2020

ADB's 2019 operations reach $33.74bn

The Asian Development Bank’s projects, programs, and other development support amounted to $33.74 billion in 2019.The lender's ADB’s Annual Report 2019...

18 May 2020
in
Renewable energy, Social infrastructure

EIB unveils €3.4bn financing for COVID-19, energy, transport, water, education

The European Investment Bank has approved €3.4 billion of new financing to support companies most affected by the COVID-19 pandemic and priority public health...

18 May 2020
in
Renewable energy, Traditional energy

ADB finances Thailand's first wind power and battery storage project

The Asian Development Bank has agreed a THB235.55 million ($7.2 million) loan with Lomligor Company Limited to finance a 10MW wind power plant in southern...

15 May 2020

EBRD agrees $100m Turkish SME financing loan to Yapi Kredi

Turkish businesses hit by the economic impact of COVID-19 will benefit from increased access to finance after lender Yapi Kredi signed a $100 million loan with the...

15 May 2020

10 banks sign up to Bulgarian Development Bank guarantee scheme

Ten commercial banks have announced they are to take part in the Bulgarian Development Bank portfolio guarantee program in support of micro, small and medium enterprises...