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Exclusive: Air Senegal weighs up ECA financing for ATRs

Air Senegal, the start-up national airline of Senegal, is exploring ECA financing for two new ATR turboprop aircraft that are set to deliver later this year, Trade Finance understands

WTO boosts 2017 trade growth forecast to 3.6%

The World Trade Organisation (WTO) has raised its estimate for 2017 merchandise trade growth to 3.6%, which is considerably higher than its previous estimate of 2.4%.

Bangladesh signs ADB loans for urban infrastructure

The Bangladeshi government has signed $200 million of debt from the Asian Development Bank (ADB) to strengthen its urban infrastructure across the country

India and Russia to build Bangladesh nuclear power plants

India and Russia are cooperating on building two nuclear power plants in Bangladesh. New Delhi and Moscow are working on a plan to build 2x1,200MW nuclear generators

World Bank, ADB propose infrastructure fund in Kazakhstan

The Asian Development Bank (ADB) and the World Bank have proposed to the Kazakhstan government to establish an infrastructure fund to support the country’s urban municipal infrastructure and utility companies

PLN subsidiary issues project bonds

Indonesian state power utility PLN’s subsidiary Indonesia Power has raised Rp4 trillion ($300 million) from its first issuance of project bonds on four coal-fired power plants at the Suralaya complex

HKMA sovereign wealth fund to invest in infrastructure

Hong Kong’s sovereign wealth fund, the Exchange Fund, will begin investing in infrastructure next year, according to Eddie Yue, the deputy chief executive of the Hong Kong Monetary Authority (HKMA)

EIB approves new financing package

The European Investment Bank has approved €11.5 billion ($14 billion) of new financing for investment in transport, education, urban development, water, energy and communications. New PPP financing for urban rail projects, motorway construction and flood defences was also agreed

UKEF could back Quercus’ Iran solar

Quercus has signed an agreement to develop a 600MW solar PV plant in Iran. The company is in talks with the UK’s ECA to fund the project

FRV closes on Jordan’s final R1 PV plant

Abdul Latif Jameel’s solar arm FRV has reached financial close on the $93.3 million Safawi solar project in Jordan. The project is the last to reach close in the country’s second round of renewables projects

JICA signs off India train loans

Japan International Cooperation Agency (JICA) has signed off a loan package totalling ¥144 billion ($1.3 billion) for investment in India, ¥119 billion of which is rail-related. The biggest, ¥109 billion, loan is for the procurement of electric locomotives for the 1,500km Western Dedicated Freight Corridor between Delhi and Mumbai. The 30-year ¥109 billion loan carries an interest rate of 10bp ove

DFIs line up for Jordan's Shobak wind

The EBRD, Islamic Development Bank (IDB) and Europe Arab Bank (EAB) are considering up to $78 million in debt for a 45MW wind farm in Jordan. The Shobak project is under development by Dubai-based Alcazar Energy Partners

UKEF refreshes PRI offering

UK Export Finance (UKEF) has refreshed its political risk insurance product offering to bring it in line with the private market, the ECA states.

Wind Energy Holding adopts Vestas turbines

Thailand’s Wind Energy Holding has purchased 60x 3MW Vestas turbines to power two wind farms in Nakhon Ratchasima and Chaiyaphum provinces

Acwa Power signs Shuaibah IWP expansion financing

Saudi developer Acwa Power has signed on a $325 million financing for the Shuaibah IWP expansion project, IJGlobal can reveal. Financial close is expected at the end of September 2017

Ukraine’s Sky Bank picks Finastra software

Sky Bank has chosen Finastra’s FusionBanking Essence as its new software platform after an IT overhaul, the software provider has announced.

ABN Amro brings in CBA’s front-end system globally

ABN Amro will use Commercial Banking Applications’ (CBA’s) front-end system for trade finance across its global operations, the bank has announced.

Citi appoints trade co-heads for EMEA

London-based Peadar MacCanna and Murat Demirel have been appointed trade co-heads of Citi’s treasury and trade solutions (TTS) business in EMEA

GDG Greka Chengzhuang block approved

The China National Development and Reform Commission (NDRC) has approved a project code for the overall development plan (ODP) for Green Dragon Gas’s (GDG) Greka Chengzhuang Block (GCZ) in the prolific Qinshui Basin

Chittagong to Cox’s Bazar railway construction contracts signed

Four companies have signed on contracts to construct a 102km railway between Chittagong and Cox’s Bazar district in Bangladesh, which will also improve access to Myanmar and other key Southeast Asian states