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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...

02 August 2016

KDB agrees loan with Canadian tungsten group

The Korea Development Bank (KDB) has agreed a letter of commitment for a six-year CAD $57.9 million loan with Canadian tungsten group Almonty Industries for the build...

01 August 2016

IFC commits up to $200 million to Emerging Asia Fund

IFC, a member of the World Bank Group, has committed up to $200 million to the IFC Emerging Asia Fund (EAF), which this week reached a first close. IFC is joined by...

29 July 2016

FMO successfully issues Zambian Kwacha bond

FMO has issued its inaugural offshore Zambian Kwacha bond, which fits FMO's stategy to promote local currency business.

29 July 2016

Chinese banks face assest-quality risks due to rapid growth

The rapid pace of growth in Chinese bank leverage since 2008, which has contributed to economic imbalances and decreasing credit efficiency, poses significant...

06 July 2016

EBRD increases support for Greek oil and gas group

The European Bank for Reconstruction and Development (EBRD) is stepping up its support for Greek's Energean Oil & Gas with an additional $20 million loan. The...

05 July 2016

BNDES approves loan for wind projects

BNDES, Brazil's state development bank, has approved a $109 million loan to support the development of four wind farms in Ceara state, in the north-east of the...

04 July 2016

EBRD supports Albanian electricity group modernisation

The European Bank for Reconstruction and Development (EBRD) has agreed a €218 million loan to Albanian electricity generator Korporata Elektroenergjitike...

01 July 2016

EBRD supports expansion of solar energy in Cyprus

The European Bank for Reconstruction and Development (EBRD) is providing €10 million in debt financing for the construction, development and operation of five...

30 June 2016

EBRD finances Turkish renewable energy projects

The European Bank for Reconstruction and Development (EBRD) is providing $110 million in new funds to Turkish lender Akbank to finance private companies investing in...

30 June 2016

AfDB loan to provide power to 1.5m Kenyans

The African Development Bank (AfDB) has given the green light to a $135 million loan to launch the second phase of an energy project expected to provide power to about...

30 June 2016

NIB funds geothermal power plant in Iceland

The Nordic Investment Bank has signed a €45 million loan deal with electricity producer Landsvirkjun for the construction of a geothermal power plant in Husavik,...

27 June 2016

VEB will restructure Olympic loans

Russian state-development bank Vnesheconombank (VEB) is to set aside more money to cover bad debts linked to the 2014 Sochi Olympics. It will restructure more than 200...

27 June 2016

EBRD to help modernise transport system

The European Bank for Reconstruction and Development (EBRD) has agreed a €10 million investment to help improve the transport system in Pristina, the capital of...

23 June 2016

AFC and Harith merge assets to power Africa

Investors Harith General Partners (Harith) and Africa Finance Corporation (AFC) have joined forces to create an energy entity combining both renewable and...