Latest News

New fund set to boost trade for the Commonwealth

The facility, structured as a guarantee fund, will cover risk for providers of trade credit in financial institutions of Commonwealth countries.

IDB enhances partnership with OIC members

The president called for a tripartite agreement between the IDB group, Turkey and other IDB member countries.

Bulgarian Development Bank strengthens trade ties with China

The purpose of the MoU is to formalise a commitment of long-term strategic partnership between the two parties in the fields of cross-border funding, bilateral loans, investments and trade.

Rio Tinto signs $7.5bn RCF

The loan will provide the miner with sufficient working capital to continue increasing production.

Afreximbank closes $525m loan syndication

The loan will be used by the Egyptian Electricity Company to import gas turbines and other related equipment from General Electric.

UniCredit appoints UK-based head of GTB

Stein will be responsible for building the bank’s UK-based trade finance operations as well as enhancing cash management operations.

Nemak closes $300m term loan

Nemak mandated five banks and Canada’s export credit agency, Export Development Canada as joint lead arrangers.

Nexi backs $100m ING loan to Argentine grain exporter

It is the first time that Nexi has provided insurance for a loan to Argentina's agriculture industry. It will go towards exporting grain, soybeans and corn to Japan.

Emirates Global Aluminium launches $4.9bn syndication

The financing will go towards the operation and any future developments of aluminium smelters in Abu Dhabi and the building of a cogeneration power plant by Spain's Abengoa.

China looks to strengthen bilateral ties with CEE

To facilitate bilateral investment, China is considering setting up a $3 billion investment fund and has proposed to establish a "16+1" multilateral financial firm to expand financing channels and reduce financing cost.