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21 May 2021

Legislation needed to smooth transition from LIBOR, warns Feb official

US Congress needs to pass legislation to help safeguard financial market stability during the transition from the London Interbank Offered Rate (LIBOR) to a new reference...

21 May 2021
in
Agriculture/food chain

IDB Invest puts $6m into agtech venture ProducePay

IDB Invest has made a $6 million equity investment in ProducePay, an agtech venture focused on the agribusiness sector that offers financing solutions directly to growers...

21 May 2021
in
Social infrastructure

World Bank funds regional connectivity project in Azerbaijan

A new $65 million loan to Azerbaijan to finance the Regional Connectivity and Development Project has been approved by the World Bank.The project will provide safe,...

21 May 2021

DFC and FMO launch $75m COVID-19 response facility

The US International Development Finance Corporation and Dutch development bank FMO have unveiled the DFC-MASSIF COVID-19 Response Co-Financing Facility. The $75...

20 May 2021
in
Mining, Renewable energy, Traditional energy

IEA sets out roadmap to achieve net-zero emissions by 2050

The world has a viable pathway to building a global energy sector with net-zero emissions in 2050, but it is narrow and requires an unprecedented transformation of how...

20 May 2021
in
Manufacturing, Traditional energy

IFC invests in Addax Energy trade finance facilities

The International Finance Corporation has invested in two trade finance facilities arranged by Societe Generale for Addax Energy to support imports of crucial energy...

20 May 2021
in
Traditional energy

EIB finances section of Bulgaria-Serbia interconnector

The European Investment Bank will finance the construction of the Serbian section of a 171km natural gas interconnector between Serbia and Bulgaria. The €25...

20 May 2021
in
Social infrastructure, Waste and water

EBRD and EU support vital infrastructure in Lviv with emergency funds

The European Bank for Reconstruction and Development and the European Union are joining forces to provide emergency support for Lviv to ensure the uninterrupted provision...

20 May 2021
in
Manufacturing, Traditional energy

AFD finances national grid control centre in Niger

The government of Niger has ratified a financing agreement of almost $33 million with the Agence française de développement (AFD) for the construction of a...

20 May 2021
in
Renewable energy, Traditional energy

ASI and Phoenix invest in BSTDB for climate finance

Aberdeen Standard Investments (ASI) has invested £50 million on behalf of its strategic partner Phoenix Group in the Black Sea Trade and Development Bank,...

20 May 2021

Hanwha lands $4.4bn from KDB to finance green business

Seoul-headquartered Hanwha Group has sealed a KRW5 trillion ($4.4 billion) commitment from the Korea Development Bank to finance its environmental, social and governance...

20 May 2021

€170m EIB backing for National Development Bank of Ghana

The European Investment Bank has formally agreed €170 million backing for the new National Development Bank of Ghana. The EIB financing represents the largest ever...

20 May 2021

IFC agrees $2bn Investment in African SMEs and trade

The International Finance Corporation has announced a $2 billion commitment to support smaller businesses and increase trade in Africa to help the continent's...

19 May 2021
in
Renewable energy

EBRD, EU-backed fund invests in Armenia’s renewable energy sector

Private equity fund Amber Capital Armenia, supported by the European Bank for Reconstruction and Development and the European Union, has acquired Armenian solar plant...

19 May 2021

World Bank's $2.5bn bond mobilises sustainable development finance

The World Bank has priced a $2.5 billion five-year Sustainable Development Bond maturing in July 2026. BofA Securities, Citi, J.P. Morgan, and Nomura are the lead...

19 May 2021
in
Mining

K+S cancels KfW credit line after sale of salt unit

German potash miner K+S said it would no longer need to draw on a German state credit line it was granted last year, citing financial relief from the sale of its US salt...

19 May 2021

BDC Capital launches Growth Equity Partners Fund II

BDC Capital has launched Growth Equity Partners Fund II, committing an additional $250 million in capital to support Canadian entrepreneurs. Fund II will provide...

19 May 2021
in
Renewable energy, Traditional energy

IFC agrees $120m green loan to support climate finance in Brazil

The International Finance Corporation is providing a loan of up to $120 million to Brazilian bank Sicredi to help boost financing for climate-friendly projects,...

19 May 2021
in
Renewable energy, Traditional energy

IFC and Altum Capital boost climate finance in Mexico

The International Finance Corporation is providing MXN1 billion ($50 million equivalent) to Altum Capital, an operating vehicle of the Altum Fund that provides loans...

19 May 2021
in
Social infrastructure

EBRD takes over operator of Giurgiulesti International Free Port

The European Bank for Reconstruction and Development has acquired 100% of the capital of the Danube Logistics Group of companies. The lender becomes the sole ultimate...