“WASHINGTON, February 16, 2017 — The World Bank’s Board of Executive Directors met today to discuss and approve the Action Plan that Bank management presented in response to the Inspection Panel investigation of the Kenya Electricity Expansion Project (KEEP).”
“In a major speech delivered before the diplomatic community in Abidjan, African Development Bank Group President Akinwumi Adesina stressed that the Bank is stronger than ever before. The lending and disbursements are at record levels, while the institution has made significant efficiency gains.
Adesina was addressing diplomats accredited to Côte d’Ivoire and whose countries are members of the Africa’s premier financial institution. The discussion took place in the context of the Bank’s annual Ambassadors’ Luncheon.”
“The European Investment Bank Group lent EUR 2.02 billion to projects in Sweden last year. Nearly EUR 1.7 billion of this came through lending operations of the European Investment Bank (EIB), with the remainder provided through guarantee transactions with Swedish intermediaries and investment into funds of funds by the European Investment Fund (EIF).”
“If you are a Norwegian company or other eligible entity, you can receive funding as a project partner to activities taking place in the different EEA and Norway Grants partner countries.”
“ClimateSync is a national collaboration on energy and climate, funded by the European Commission, the Swedish Agency for Economic and Regional Growth and the Swedish Energy Agency.”
“The Asian Infrastructure Investment Bank (AIIB) and IFC, a member of the World Bank Group, have signed an International Swaps and Derivatives Association (ISDA) Master Agreement to enhance their capacity to make investments in emerging-markets projects, especially in Asia’s infrastructure sector. It is the first financial collaboration agreement between the two development finance institutions, demonstrating innovative ways to scale up development finance through capital market solutions.”
“The European Investment Fund (EIF), part of the European Investment Bank Group, has signed the first SME Initiative guarantee transactions in Finland with Ålandsbanken, OP Corporate Bank and Oma Savings Bank.
These agreements will improve access to finance for around 800 Finnish SMEs, including micro companies and start-ups, by ensuring that the banks committed to the SME Initiative offer financing at improved conditions, for example lower interest rates, longer maturities or lower collateral requirements.”
“The Asian Infrastructure Investment Bank (AIIB) has today begun a final round of public consultations on its energy sector strategy. Interested parties are invited to view the draft strategy published today and submit comments by March 6, 2017.”
“Nanno Kleiterp today became the new Chairman of EDFI’s board of directors. Nanno Kleiterp was elected by the CEOs of 15 European development finance institutions, at a general meeting of EDFI members in Paris in November 2016. He replaces Luuk Zonneveld, the CEO of BIO Invest, who will continue to serve as a director of EDFI until the third and final year of his term on the EDFI board of directors expires in May of this year.”
“For a second year in a row, Uganda Development Bank Limited has been rated best performing Development Finance Institution (DFI) by the Association of African Development Finance Institutions (AADFI) in 2014 and 2015 respectively.”
