26 Sep Afreximbank closes $300 million China Exim-backed loan

“Cairo, 16 September 2016: – The African Export-Import Bank (Afreximbank) has closed its first-ever China/Taiwan specific syndicated loan with a $300-million facility guaranteed by the Export-Import Bank of China (China Exim Bank).

The five-year syndicated loan, which closed on 12 September, was only open to investors from China and Taiwan. The facility was two times oversubscribed with 16 investors and banks participating and with Standard Chartered Bank serving as the sole coordinator, book runner, and mandated lead arranger.”

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26 Sep President Jin Visits Iceland, Sweden and Norway, September 8-14, 2016

“Beijing, September 15, 2016 – AIIB President Jin visited Iceland, Sweden and Norway from September 8 to 14, 2016.
In Iceland, President Jin met with Minister of Finance and Economic Affairs Mr. BjarniBenediktsson, Minister for Foreign Affairs Ms. LiljaAlfreðsdóttir, Governor of the Central Bank Mr. MárGuðmundsson, and other government officials and business leaders.”

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19 Sep Finland implements SME Initiative: Creating new opportunities for economic growth and jobs

“The EIB Group (European Investment Bank and European Investment Fund) has concluded an agreement with the Government of the Republic of Finland and the European Commission for the implementation of the SME Initiative in Finland, which will support Small and Medium enterprises (SMEs). It is expected that EUR 400 million of new SME financing will be provided under this Initiative.”

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19 Sep The AfDB pledges US $1.4 billion in funding for Senegal for 2016-2020, including US $48.4 million in budget support for 2016

“On September 14, 2016, in Abidjan, the Board of Directors of the African Development Bank (AfDB) approved the Country Strategy Paper for Senegal for the next five years (2016-2020). The new strategy has two pillars: support to agricultural transformation and strengthening of production and competitiveness support infrastructure (energy and transport). The AfDB has pledged an estimated 1.4 million USD in funding for 2016-2020.”

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13 Sep World Bank Group, New Development Bank Lay Groundwork for Cooperation

“WASHINGTON, September 9, 2016World Bank Group President Jim Yong Kimand New Development Bank (NDB) President K.V. Kamath today signed a memorandum of understanding between the two institutions, to strengthen cooperation in addressing the world’s enormous infrastructure needs.

The memorandum formalizes the World Bank Group-NDB knowledge partnership that has accompanied the establishment of the NDB and paves the way for the two institutions to explore country-level cooperation.”

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13 Sep When stakeholders work together, we make progress

“Kampala, UGANDA – Mobile Money for the Poor (MM4P) Uganda Technical Specialist Amani M’Bale maintains, “Since government and private sector stakeholders have engaged, we have made progress in expanding financial inclusion to those in need.”
Ms. M’Bale is stepping down from the United Nations Capital Development Fund (UNCDF) after six years of working to bring financial inclusion to underserved populations in least developed countries in Africa. MM4P spoke with Ms. M’Bale to gather insights about her work on the ground in the MM4P countries of Liberia and Uganda.”
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29 Aug Partners Launch Framework to Accelerate Universal Health Coverage in Africa; World Bank and Global Fund Commit $24 Billion

African Heads of State and Partners Mobilize around Plans for Universal Health Coverage to Achieve 2030 Sustainable Development Goals

NAIROBI, Kenya, August 26, 2016—Today at the Sixth Tokyo International Conference on African Development (TICAD-VI), African heads of state and partners vowed to accelerate progress toward universal health coverage (UHC) in Africa. To help countries implement their health reforms, the World Bank and the Global Fund to Fight AIDS, TB and Malaria (Global Fund) committed to invest $24 billion in Africa over the next three to five years.

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