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07 May 2024
in
Finance and other

ADB approves $1.42bn in 2023 allocable net income

ADB has approved the bank's financial statements for the year, which include a net income allocation of $1.42 billion. This allocation marks the highest in the...

07 May 2024
in
Climate finance

Korea commits $2bn co-financing for ADB projects

Korea has solidified its support for the ADB by signing a MoU that allocates $2 billion in co-financing for ADB sovereign operations over the next three years. The...

07 May 2024

Shona Tatchell: EBRD's new head of trade facilitation on digitalisation and sustainability

In her first interview since her appointment on 7 May, Shona Tatchell, the new head of trade and supply chain finance, European Bank for Reconstruction & Development...

03 May 2024
in
IT and telecoms

IFC considering loan for Raxio data centre projects

The International Finance Corporation (IFC) is considering a loan of up to $100 million for Raxio Group to facilitate the phased development of 10 carrier-neutral data...

03 May 2024

Greasing the cogs of ECA and DFI cooperation

Could the recent rapid growth in untied ECA lending make collaboration with DFIs and MDBs easier in the future?

03 May 2024

Nixon Peabody welcomes community development finance partners

Nixon Peabody has hired partners Frederick Miller and Andrew Rubin to the firm’s Community Development Finance practice.Based in the firm’s Washington, DC...

03 May 2024

EBRD to unlock €120m of lending to Ukraine private sector

EBRD is extending an unfunded portfolio risk-sharing facility to Ukraine’s OTP Bank (OTPU), to unlock €120 million (almost $130 million) of new financing for...

03 May 2024

EBRD supports entrepreneurs and SMEs in Uzbekistan

EBRD is supporting MSMEs and improving access to finance for young entrepreneurs in Uzbekistan by providing a financial package of up to $20 million (€18.8 million)...

03 May 2024
in
Finance and other

Australia pledges fresh ADB funds but criticism remains

Australia will plough A$492 million (almost $325 million) into ADB but is continuing to heap pressure on the organisation to overhaul the way it funds major projects in...

03 May 2024

EBRD and APS invest in Piraeus Bank’s NPL portfolio

EBRD and APS, a non-performing loan management firm in Europe, are jointly investing in a funded participation concerning a portfolio of around 2,000 sub-performing and...

03 May 2024

IFC supports Turkish brokerage industry with Midas investment

IFC has invested $6 million in Midas, a digital brokerage company in Turkiye, to accelerate digitalization in the country's brokerage industry.IFC participated in one...

03 May 2024
in
Renewable energy

Georgia eyes ADB partnership on Black Sea cable project

Georgia is aiming to partner with ADB to supply Europe with green energy from Azerbaijan via the Black Sea cable project.Lasha Khutsishvili, Georgia's finance...

03 May 2024
in
Finance and other

BII appoints Barclays global head of sustainable finance

BII has appointed Daniel Hanna to its board as a non-executive director.Hanna has two decades of banking experience with a particular focus on climate and sustainable...

02 May 2024
in
Social infrastructure

Key Uzbekistan road project receives $238m EBRD loan

EBRD is financing the upgrade and expansion of a key transportation route in Uzbekistan.The sovereign loan of up to $238 million will help rehabilitate around 81km of the...

02 May 2024
in
Finance and other

EIB appoints Ioannis Tsakiris as new VP

Ioannis Tsakiris, a former Greek deputy minister, has been appointed EIB Vice-President.Tsakiris succeeds Christian Kettel Thomsen, who left the bank last year to become...

02 May 2024
in
Renewable energy

Syndication closed on Italian PV panel gigafactory financing

3 Sun – a wholly-owned subsidiary of Enel – has closed on a green loan financing to fund expansion of its existing PV panels manufacturing facility in...

02 May 2024
in
IT and telecoms

Airtel Africa in line for $200m IFC financing

IFC is considering up to $200 million in finance to telecommunications group Airtel Africa to support the company's operations in the DRC, Rwanda, and Kenya. The...

02 May 2024
in
Traditional energy

Croatia to provide €250m in energy efficiency loans

Croatia's HBOR and the ministry of regional development and EU funds will provide €250 million ($268 million) in loans to companies for energy efficiency...

02 May 2024

EBRD issues trade line to support West Bank and Gaza

EBRD is boosting Palestinian export and import activities by providing a $2 million trade finance line to the Arab Islamic Bank.The trade finance line, given under the...

02 May 2024
in
Traditional energy

Western Norway to up sub-station and grid capacity

NIB has signed a ten-year loan with the Norwegian utility Eviny to co-finance an investment programme to increase sub-station and grid capacity in Western Norway.The...