04 May NDB SIGNS FIRST LOAN AGREEMENT IN BRAZIL FOR FINANCING RENEWABLE ENERGY PROJECTS

“The New Development Bank (NDB) and BNDES – The Brazilian Development Bank signed today a loan agreement with the amount of USD 300 mln aiming at developing the renewable energy sector in the Federative Republic of Brazil. The Loan Agreement was signed by Mr. Xian Zhu, Vice President, Chief Operations Officer of the NDB, and Mr. Marcelo Siqueira, BNDES Legal Director. The signing ceremony was witnessed by Mr. Dyogo Oliveira, Minister of Planning, Development and Management of Brazil and Mr. K.V.Kamath, the President of the NDB.

The Loan is called upon to facilitate sustainable development of energy infrastructure of Brazil through investments in at least 5 renewable energy and associated transmission projects. A part of the Loan has also been earmarked for the purpose of on-lending by BNDES to projects by way of debentures. This would assist BNDES in its efforts to develop an alternative financing source for renewable energy projects and facilitate in further development of secondary market for infrastructure financial instruments.”

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04 May World Bank Boosts Support for Ukraine Export Development

“WASHINGTON, May 2, 2017 – The World Bank’s Board of Executive Directors today approved a US$ 150 million loan for the Access to Long Term Finance Project that will support Ukraine’s export-oriented small and medium enterprises (SMEs).

“Ukraine has creative and unique business potential and can produce high quality competitive goods,” said Satu Kahkonen, World Bank Country Director for Belarus, Moldova, and Ukraine. “However, many obstacles limit Ukraine’s ability to export. Lack of quality financing is one of them. Access to longer term finance for small and medium enterprises will help the country grow its exports and contribute to reviving economic growth in Ukraine.””

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04 May AfDB participates in 2017 World Economic Forum on Africa

“The African Development Bank is participating in the World Economic Forum on Africa in Durban, South Africa, from May 3-5. The delegation will be led by Jennifer Blanke, Vice-President for Agriculture, Human and Social Development, and will comprise Pierre Guislain, Vice-President for Private Sector, Infrastructure and Industrialization, and Amadou Hott, Vice-President for Power, Energy, Climate and Green Growth.

This year’s forum, which focuses on the theme “Achieving inclusive growth through responsive and responsible leadership”, will explore ways in which Africa can leverage on its technological revolution to achieve inclusive economic growth.

Key events in which the Bank’s delegation will participate include the Africa Investor (Ai) CEO Infrastructure Project Developers Summit, held this year in association with Africa50. The summit is an annual CEO gathering of Africa’s top project developers, co-developers, infrastructure investors and policy makers to promote the industry, forge partnerships and advance critical projects.”

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24 Apr CABEI presents Green SME award at ExpoPYME 2017

“San José, April 7, 2016. – The Central American Bank for Economic Integration (CABEI) provided support to the Government of Costa Rica in carrying out the event denominated, ExpoPYME 2017: Growing without Borders.” The event offered small and medium enterprises (SMEs) the opportunity to do business, sell their products and generate productive chains.

On this occasion, the ExpoPYME was transformed to become the largest Central American SME fair in the framework of the Pro Tempore Presidency of the Central American Integration System; a position that will be held by Costa Rica for a period of 6 months.”
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24 Apr Multilateral banks to deepen collaboration with private sector to boost inclusive, sustainable infrastructure

“Leaders of the top multilateral development banks (MDBs) have agreed to deepen their collaboration to encourage private sector investment in vital infrastructure needed to support sustainable and inclusive economic growth throughout the world.

Under the theme of “Delivering Inclusive, Sustainable Infrastructure,” the Global Infrastructure Forum 2017 provided a venue to discuss how MDBs can best work with countries and the private sector to create markets for infrastructure projects. The forum brought together potential investors, representatives of the United Nations and the G20 with the heads of the African Development Bank, Asian Development Bank, Asian Infrastructure Investment Bank, European Bank for Reconstruction and Development, European Investment Bank, Inter-American Development Bank, Inter-American Investment Corporation, International Finance Corporation, Islamic Development Bank, New Development Bank and the World Bank.”

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24 Apr World Bank and AIIB Sign Cooperation Framework

“World Bank Group President Jim Yong Kim and Asian Infrastructure Investment Bank President Jin Liqun today signed a memorandum of understanding to strengthen cooperation and knowledge sharing between the institutions.

The memorandum of understanding provides an overall framework for cooperation between the World Bank Group and AIIB in common areas of interest, including development financing, staff exchanges, and analytical and sector work. It paves the way for the two institutions to further enhance coordination at the regional and country levels.”

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18 Apr Afreximbank and TDB Close $500 Million Syndicated Loan Facility for Kenya

“Nairobi, 20 March 2017: – The Trade Development Bank (TDB), formerly known as PTA Bank, and the African Export-Import Bank (Afreximbank) today in Nairobi closed a $500 million dual-tranche syndicated loan facility for the Government of Kenya which acted through the country’s National Treasury.

The facility, for which Afreximbank and TDB acted as joint mandated lead arrangers (MLAs), is part of a $1.55 billion debt package of three facilities being arranged and raised in parallel by the National Treasury in the first quarter of 2017.

The Afreximbank and TDB-led facility comprises two tranches made up of a $200-million 10-year amortizing loan by TDB and a $300-million five-year amortizing loan provided in equal parts by Afreximbank and TDB. The two tranches will be syndicated to development finance institutions.”

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18 Apr Interview With Tusekile Kibonde on ATI’s Credit Insurance

“TanzaniaInvest had the pleasure of interviewing for the second time Ms. Tusekile Kibonde, Resident Underwriter for Tanzania at the African Trade Insurance Agency (ATI) to discuss in details ATI’s core product: credit insurance. ATI is a multilateral insurer, providing political risk and trade credit risk insurance products with the objective of reducing the business risk and cost of doing business in Africa. ATI operates in Benin, Burundi, Democratic Republic of Congo, Kenya, Madagascar, Malawi, Rwanda, Tanzania, Uganda and Zambia. Ethiopia, and Zimbabwe, and is currently expanding to West Africa with Cote D’Ivoire, expected to join in Q1 2017.”

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18 Apr AfDB approves USD18.15 million to support South Sudan’s membership in the African Trade Insurance Agency and Trade & Development Bank

“The African Development Bank Group (AfDB) has approved a US $18.15 million facility to the Government of South Sudan (GRSS), to assist the country with the required resources for its African Trade Insurance (ATI) and Trade & Development Bank (TDB) (formerly known as PTA Bank) membership application. This is a critical step and a prerequisite for the respective institutions to commence their operations within South Sudan.

The approved facility complements other AfDB’s ongoing and planned interventions geared towards building institutions and improving resilience and livelihoods for the South Sudan population by addressing not only the humanitarian crisis and strengthening institutional capacity but also facilitating private sector investments in a fragile environment. In this regard, it is anticipated that joining the TDB and ATI will help South Sudan leverage the limited resources available to the country by mobilizing additional significant resources that can be invested in the importation of essential goods (such as medicines, foodstuff, communication equipment, spare parts etc.), the rehabilitation of basic infrastructure and the strengthening of the productive sector of the country.”

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10 Apr CEB issues first social inclusion bond

“PARIS – The Council of Europe Development Bank (CEB) successfully completed today its first issuance of a social inclusion bond.

The CEB launched its inaugural social inclusion bond issue of € 500 million with a seven-year maturity, gathering investor interest of over € 1 billion. Acting as joint book runners on this landmark transaction were Crédit Agricole CIB, DZ Bank, Goldman Sachs International and Rabobank.

The issuance followed a series of investor meetings across Europe to introduce the CEB’s Social Inclusion Bond Framework, which benefited from a positive second opinion from the specialised environmental, social and governance (ESG) rating agency Sustainalytics.”

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