27 Sep NIB launches loan programme with Norway’s Sparebanken Sør

"NIB and Norway’s Sparebanken Sør have signed a NOK 750 million (EUR 80 million) loan programme for onlending to small and medium-sized enterprises’ (SMEs) investments and environmental projects. The funds under the loan programme will be onlent for SMEs’ investments in machinery, equipment and new premises, as well as for...

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26 Sep Rwanda Implements the IMF’s Enhanced General Data Dissemination System

"On September 22, 2017, the authorities of Rwanda began publishing important macroeconomic data on the website of the National Institute of Statistics—theNational Summary Data Page (NSDP). This marks the culmination of recent efforts by the principal statistical agencies working together to publish the data recommended under...

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13 Sep CDB announces support for countries affected by Hurricane Irma

"The Caribbean Development Bank (CDB) has announced support for its Borrowing Member Countries (BMCs) affected by Hurricane Irma, and for the Caribbean Disaster Emergency Management Agency (CDEMA), which is coordinating the Region’s response to the affected states. The Bank is in the process of providing Emergency...

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12 Sep MDBs increase 2016 financing to tackle climate challenge

"EBRD on track to meet Paris accord commitments. The world’s six largest multilateral development banks (MDBs) continued to make a strong contribution to the global climate challenge in 2016, increasing their climate financing in developing countries and emerging economies last year to US$ 27.4 billion from...

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08 Sep AIIB Supports Renewable Energy Development in Egypt

"Up to $210 million in financing will support 11 solar power projects The Asian Infrastructure Investment Bank announced up to US$210 million in debt financing to tap Egypt’s renewable energy potential. This solar power project will increase Egypt’s power generation capacity, reduce the country’s dependence on...

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31 Aug EBRD backs largest subordinated bond in Polish banking sector

"PKO BP raises finance for green residential loans The EBRD has invested PLN 91.4 million (€21.4 million equivalent) in zloty-denominated subordinated bonds issued by the Polish lender PKO Bank Polski S.A. (PKO BP) as part of its PLN 1.7 billion (€400 million equivalent) bond programme. This is...

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30 Aug FINNFUND In Brief

"Finnfund is a Finnish development finance company that promotes sustainable development by providing long-term risk capital for private projects in developing countries. Investment criteria include profitability, sustainability and positive development impacts in the target country. Finnfund’s financing is for both greenfield and expansion projects that involve a Finnish...

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