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09 January 2017

BNDES agrees loan with Italian group for power project

BNDES, Brazil's state development bank, has agreed a $115 million loan with Italian power company Enel to cover part of the required investment to develop the 102MW...

06 January 2017

Sangaredi: High tenor and pitch perfect

DFI loans and a rare untied UFK covered loan have enabled commercial banks to push the tenor on CBG’s Sangaredi mine expansion financing in Guinea.

05 January 2017

Kexim, K-sure back Iraq new city project

South Korea's Hanwha Engineering and Construction has received about $560 million in construction fees from Iraq for its new city of Bismayah project, 10km from...

05 January 2017

Norfund agrees deal for Nigerian solar power plant

Norway's Norfund and Scatec Solar, and African infrastructure fund Africa50 have signed a joint development agreement for the investment of the Nova Scotia power...

04 January 2017

Yamal LNG: Multi-sourced, multi-priced, multiple sanctions

Financing for the Yamal LNG project is the highest profile demonstration to date of how Russian borrowers are adapting to EU/US sanctions.

04 January 2017

KfW IPEX helps finance Chile power grid expansion

Germany's KfW IPEX-Bank is taking part in financing an $854 million power grid expansion project, Transmisora Electrica del Norte, in Chile. Eight local and global...

04 January 2017

IFC finances renewable energy projects in Brazil

The International Finance Corporation (IFC) is providing $175 million in financing to Banco ABC Brasil in support of projects which will help mitigate the effects of...

04 January 2017

JBIC, SMBC boost Asian infrastructure financing

The Japan Bank for International Cooperation (JBIC) and Sumitomo Mitsui Banking Corporation (SMBC) are uniting to help boost financing for infrastructure projects in...

31 October 2016

FMO supports agricultural input financing in Paraguay

Dutch development bank FMO has provided a $10 million medium-term facility to finance Agrofértil’s structural working capital needs and increase its...

21 October 2016

Africa's economy to rebound in 2017, says ADB

Africa's economic growth is expected to dip this year before rebounding in 2017 to remain the world's second fastest growing region after east Asia, the...

12 September 2016

EBRD covers Poland's Arctic paper €30m loan

The European Bank for Reconstruction and Development (EBRD) is providing the Polish papaer producer Artic Paper with a €30m loan to finance investment in energy...

08 August 2016

IFC provides funding for Panama LNG project

The International Finance Corporation (IFC) has completed a $150 million financing package for the construction and operation of Central America's first integrated...

05 August 2016

World Bank criticised over changes to lending rules

The World Bank has been accused of betraying vulnerable populations in the world's poorest countries amid huge changes to the social and environmental rules that...

05 August 2016

EBRD agrees loan for solar plant in Jordan

The European Bank for Reconstruction and Development (EBRD) has agreed a $39.2 million senior secured loan to solar energy developer Fotowatio Renewable Ventures to...

05 August 2016

ITFC launches programme to boost Indonesian coffee exports

The International Islamic Trade Finance Corporation (ITFC) has joined forces with the Indonesian Coffee Exporters and Industries Association to transform the...

05 August 2016

Takehiko Nakao re-elected as ADB president

Takehiko Nakao has been unanimously re-elected as president of the Asian Development Bank (ADB) by its board of governors. He will serve a further five years from...

04 August 2016

FMO, Rabobank, Norfund unite to boost growth in Africa

FMO, Norfund and Rabobank have joined forces to form Arise - a company to reaffirm their commitment to development in Africa. The partners hold stakes in several...

04 August 2016

AFD boosts renewable energy in Kenya

The Agence Francaise de Developpement (AFD) has agreed a €33 million financing deal to support the installation of solar photovoltaic units and wind turbines in...

04 August 2016

Fitch affirms ADB at AAA

The Asian Development Bank's (ADB) long-term foreign and local currency default ratings have been affirmed at AAA with a stable outlook by Fitch.

03 August 2016

Egypt seeks $12bn IMF funding

Egypt is seeking $12 billion funding over three years from the IMF - but Fitch Ratings says implementation risks are high and the country will continue to face several...