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13 December 2018

EBRD pulls out of coal project lending

The EBRD will stop financing coal projects and nearly all oil projects, as part of a global effort by government-owned development banks to reduce climate change. The...

13 December 2018
in
Renewable energy

InfraCo Africa helps finance Élan Solar project in Cameroon

InfraCo Africa, part of the Private Infrastructure Development Group, has signed a Convertible Loan Agreement with Project Élan 1 SAS, committing up to US$1.7...

13 December 2018

EIB: €3.8bn of financing for transport, energy, business, water supply

The European Investment Bank has approved financing worth hundreds of millions of euros for projects to fight climate change and help countries to deal with its...

13 December 2018

New ADB platform to help boost financing for climate action

The Asian Development Bank has launched a new platform aimed at helping its developing member countries in Asia and the Pacific mobilise funding to meet their goals under...

13 December 2018
in
Waste and water

IADB finances water and sanitation project in Bolivia

Bolivia will launch a project to expand and improve drinking water and sanitation services in 2020 with help from a $79 million loan approved by the Inter-American...

12 December 2018

EBRD agrees $75m trade finance line to Lebanon's Bank Audi

The European Bank for Reconstruction and Development is providing a US$75 million trade finance line to Bank Audi, the largest commercial bank in Lebanon. By joining...

12 December 2018
in
Renewable energy

Canadian Solar seals $50m financing for solar project in Argentina

Canadian Solar has secured US$50 million in non-recourse project financing for its 100.1MWp solar power project in Cafayate, Salta Province, Argentina. The financing...

12 December 2018
in
Manufacturing, Traditional energy

Pakistan gives two CPEC projects extra time to reach close

The Private Power and Infrastructure Board (PPIB), chaired by Pakistan's Power Minister, has agreed to revise the deadline for achieving financial close for two CPEC...

12 December 2018
in
Traditional energy

EWC seeks $75m to complete Pagbilao CCGT power plant

Energy World Corp. Ltd. (EWC) has revived talks with lenders to update its 3 year old loan agreement to complete construction of a 650MW combined cycle gas-fired power...

12 December 2018
in
Social infrastructure

US awards $1.5bn BUILD grants to transport projects

The US Department of Transportation has awarded $1.5 billion in discretionary grants to 91 new transport projects across the country. The Better Utilizing...

12 December 2018
in
IT and telecoms

NIB finances Elisa's 4G, 5G network investments in Finland and Estonia

Nordic Investment Bank and the Finnish telecom operator Elisa Corporation have signed a €100 million loan agreement related to the expansion of the company's 4G...

12 December 2018

Key agreements signed in Tina River Hydropower Project deal

The World Bank Group has welcomed the signing of a series of key agreements which will help deliver cheaper and more reliable renewable energy to Solomon Islands through...

12 December 2018

Afreximbank, Heirs Holdings sign $600m financing agreement

The African Export-Import Bank has signed financing facilities totalling $600 million with the Heirs Holdings Group, a pan-African proprietary investment holding...

12 December 2018

FMO unveils Global Forestry Program to mitigate climate change

Dutch development bank FMO has launched a global forestry investment programme to mitigate the process of global climate change, with the initial extension of $20 million...

12 December 2018

ADB invests in B.Grimm Power’s Green Bond to Thai clean energy

The Asian Development Bank will invest 5 billion Thai baht ($155 million) in Thailand's B.Grimm Power Public Company Limited's maiden five-year and seven-year...

12 December 2018

ADB provides $300m loan to BIDV to support SMEs in Vietnam

The Asian Development Bank and Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) have signed a $300 million loan agreement to support small and...

12 December 2018

EBRD quadruples size of Green Cities programme

The European Bank for Reconstruction and Development's urban greening programme, EBRD Green Cities, is quadrupling in size, and has also won new support of €87...

11 December 2018

FMO arranges $32.5m facility to boost access to energy in Tanzania

Dutch development bank FMO and Symbiotics, an investment firm specialized in emerging, sustainable and inclusive finance, have announced a $32.5 million facility for ZOLA...

11 December 2018

ADB agrees $250m loan to boost cross-border trade in Yunnan

The Asian Development Bank has approved a $250 million loan to enhance cross-border trade opportunities and improve urban infrastructure and services in Lincang...

11 December 2018

The US joins Pacific Region Infrastructure Facility

The Asian Development Bank has welcomed the United States as the newest member of the Pacific Region Infrastructure Facility (PRIF). The US joins ADB; the governments...