19 Jun Finance Minister of Norway: “Finance the future, not the past”

Posted at 12:46h in News

““The year 2016 showed that the Nordic Investment Bank is an efficient funding tool for the Nordic–Baltic region. The Bank’s ability to combine impact financing with sound banking principles shows up as a healthy profit on top of the societal gain”, says Siv Jensen, Minister of Finance of Norway, who chaired the annual meeting of NIB’s Board of Governors in 2017.

NIB Newsletter asked Ms Jensen to comment on the Bank’s annual results.”

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19 Jun New NEFCO agreement enters into force

Posted at 12:46h in News

“The new agreement on NEFCO’s mandate that was signed by all five Nordic countries on 14 December 2016 enters into force today. At the same time, the Corporation’s amended statutes are officially adopted.

The new agreement opens the possibility for NEFCO to geographically broaden its investment activities and to approve projects also outside Eastern Europe. The Corporation’s trust funds, including climate projects and support for Nordic SMEs, have until now been the only financing instruments operating with a global scope.”

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13 Jun BSTDB Signs MOU with Russian Federal SME Corporation

Posted at 09:24h in News

“The Black Sea Trade and Development Bank (BSTDB) signed a Memorandum of Understanding with the Russian Federal Corporation for Small and Medium Sized Entrepreneurship (“Russian SME Corporation”) in the framework of the flagship St. Petersburg International Economic Forum on 1 June 2017.”

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13 Jun Economist Paulo Rabello de Castro takes over the presidency of BNDES

Posted at 09:23h in News
“The new president will be the 35th to direct the institution. In his inaugural speech, he highlighted the Bank’s key role in long-term investments and in the financing of MSMEs.
Economist Paulo Rabello de Castro became president of the Brazilian Development Bank (BNDES) in a ceremony held on Thursday, June 1st, in which he also transmitted the Presidency of the Brazilian Institute of Geography and Statistics (IBGE), to economist Roberto Olinto Ramos, a position he had held for almost a year. The event was attended by the Ministers of Planning, Dyogo Oliveira, and Economy, Henrique Meirelles, in addition to representatives from political, academic and business areas as well as employees from the Bank and IBGE.”
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13 Jun Regarding terms, conditions and procedures for the admission of new members to the NDB

Posted at 09:22h in News

“On 1 April 2017, during the 2nd Annual Meeting of the NDB Board of Governors (BoG) in New Delhi, India, the BoG approved Terms, Conditions and Procedures for the Admission of New Members to the New Development Bank and it was agreed that the Bank will prepare a list of targeted countries to be invited for admission to the NDB and submit the list to the BoG for approval.”

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07 Jun African Union Commissioner visits NDF

Posted at 10:00h in News
“1 June – NDF hosted Dr. Abou-Zeid, Commissioner for Infrastructure, Energy, ICT and Tourism at the African Union Commission for discussions on climate change, energy and infrastructure initiatives in Africa.

The Energy and Infrastructure Commissioner, Dr Amani Abou-Zeid, from the African Union Commission in Addis Ababa visited NDF on 1 June together with representatives of the Finnish Ministry of foreign Affairs. The purpose of the visit was to discuss climate change, energy and infrastructure initiatives in Africa.”

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07 Jun Norfund opens a new office in Accra, Ghana

Posted at 09:59h in News

“This month, Norfund has opened a new office in Accra, Ghana and is ready to start investing. “Initially, we will focus on investments in Ghana. After some years we will probably expand to other English speaking countries in the region“, says Norfund Executive Vice President Finn Ivar Marum.”

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07 Jun EDFI statement on ODA Modernisation of PSI

Posted at 09:59h in News

“This statement on implementation of the OECD DAC HLM Agreement on ODA Modernisation of PSI has been prepared by EDFI as input to the ongoing discussions in the DAC and it does not represent the position of any participant country.”

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29 May Swedfund continues to focus on renewable energy in Sub-Saharan Africa

Posted at 10:21h in News

“Swedfund, Sweden’s development finance institution, invests 13 MUSD in the fund Frontier Energy II. The fund focuses on small and medium-sized renewable energy projects, primarily in East Africa.

Clean, reliable and affordable electricity is one of the fundamental drivers for development. It underpins economic growth and is central to a number of other issues ranging from climate change to a more equitable distribution of income and the empowerment of women. Meanwhile, roughly 600 million people in Sub-Saharan Africa lack access to sustainable electricity.”

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