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Global support for trade finance

The heads of multilateral development banks and the World Trade Organisation have issued a joint statement on supporting trade finance during the Covid-19 crisis

OFID signs loan for Mali road rehab

The OPEC Fund for International Development has signed with the government of Mali a $20 million loan for rehabilitation of the 111km Sevaré-Boré road in the Mopti region

AIIB steps in for Turkey

The Asian Infrastructure Investment Bank’s (AIIB) board of directors has approved loans totaling $500 million to two development banks in Turkey

McCarthy joins Impello Global

Trish McCarthy has joined Impello Global as its head of client services, taking control of servicing and account management of trade credit and political risk insurance clients – operating out of Idaho

EIB supports Edison in Italy

The European Investment Bank is supporting Edison's green investment plan with new funding of €450 million

Organisations pull together for TF

The EBRD has joined other multilateral development banks and the World Trade Organization in a drive to provide urgently needed support for trade during the coronavirus crisis

WB approves infra loan for eastern and southern Africa

The World Bank has approved of a $425 million loan for TDB to support the Regional Infrastructure Financing Facility project in eastern and southern Africa.

IFC joins TF forces with Citi

IFC and Citi have established an $800 million facility to facilitate trade finance in emerging markets, supporting trade flows in developing countries and helping businesses cope with the coronavirus pandemic

EIB backs Baltic gas interconnect

The EIB has signed a €65 million loan agreement with Lithuanian gas transmission system operator Amber Grid to finance construction on the Lithuanian section of the gas interconnection between Poland and Lithuania

GuarantCo promotes three in Africa and Asia

PIDG member GuarantCo has promoted Nishant Kumar, Jules Samain, and Janice Kotut-Sang to managing director roles in the Sub-Saharan Africa and Asia Pacific regions

IFC teams with group of Pacific islands institutionals

A group of sovereign, pension, and provident funds – all members of the Pacific Islands Investment Forum (PIIF) – have signed an agreement with multilateral IFC, as they aim to bridge the region's infrastructure investment gap

EBRD / EU in major green drive

The EBRD and the EU are stepping up their support for green investments and climate resilience in Egypt, Morocco and the countries of the Eastern Partnership – Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine

Netfin signs LoI with Triterras

Netfin Acquisition Corp has entered into a non-binding letter of intent for a business combination transaction with Triterras Fintech and the operating entities of Triterras Holdings that would result in Triterras becoming a publicly traded company on The Nasdaq Stock Market

CDC and SocGen join forces for TF in Africa

CDC Group – the UK’s publicly owned impact investor – has closed a $100 million trade finance risk-sharing facility with Societe Generale

RFQs sent out in Uzbek solar tender

The Government of Uzbekistan, with the Asian Development Bank as transaction adviser, has issued a request for qualifications to pre-qualified bidders for a solar project

Danske Bank lends on protracted Assela wind

The government of Ethiopia has signed with Danske Bank a €117.3 million loan for the €146 million, 100MW Assela wind farm

WB supports Tajikistan hydro

The World Bank has approved $50 million in additional grant funding for a second phase of rehabilitation at Nurek Hydropower Plant in Tajikistan

Korea to the TF fore

The Export-Import Bank of Korea is joining forces with Hana Bank to support national companies with their plans to expand on a global level