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USDOT announces port grants

The US Department of Transportation will award $220 million in funding to improve port facilities in 15 states via the Maritime Administration’s Port Infrastructure Development Program

Financing in for Serbia/Kosovo Peace Highway

The Development Finance Corporation (DFC) and Export-Import Bank (EXIM) yesterday (15 September 2020) signed Letters of Interest (LoI) with Serbia and Kosovo to help finance construction of the Peace Highway.

Report bodes well for TF

A business intelligence report released by AMA entitled Trade Finance Market Size, Status and Forecast 2019-2025 covering analysis by manufacturers and key business segments augurs well for trade finance

UKEF boosts Pakistan support

The UK’s credit financing agency – UK Export Finance (UKEF) – has increased its financing limit for UK businesses looking to export to and invest in Pakistan to £1.5 billion

The panorama is changing in Latin America

The panorama has changed and continues to change since the pandemic struck in Latin America, but not all is doom and gloom – delegates at IJLatAm 2020 heard

DB gives structured trade finance to Myanmar gas-fired

Deutsche Bank is providing a $43 million structured trade finance facility to China National Technical Import & Export Corporation for the construction of the 90MW Myingyan gas-fired project in Mandalay region, Myanmar

EIB steps in for Montenegro

Montenegrin small and medium-sized enterprises (SMEs) and mid-caps in tourism and other sectors severely affected by COVID-19 will benefit from a €50 million loan that the European Investment Bank (EIB) has signed today with the Montenegrin Investment and Development Fund

AFD supports African development

French development agency AFD and the African Export-Import Bank (Afreximbank) have joined forces to inject €150 million ($187m) of green, low carbon, socially inclusive and resilient investments in the continent

Progress logged on Sydney Metro

The station locations for the fast-tracked new Sydney Metro – Western Sydney Airport project were confirmed yesterday (13 September 2020)

EBRD mandates Synergy-led team for Lebanese renewables

The EBRD has appointed a Synergy Consulting-led team to advise the government of Lebanon on the procurement of up to 700MW of wind and solar+storage projects

Community Windpower finances Aikengall IIa

UK-based wind developer Community Windpower has secured financing for the 75.5MW Aikengall IIa and for the refinancing of Aikengall II – 2 onshore wind farms located in Dunbar, East Lothian, Scotland

UK trading deal with Japan

The UK has secured its first post-Brexit trade deal having signed an agreement with Japan

TF blockchain first logged

Standard Chartered has completed the first cross-bank letter of credit (LC) transaction between Vietnam and Thailand over blockchain, in partnership with Asian Development Bank (ADB), Bank for Investment and Development of Vietnam and Standard Chartered Bank (Thai)

JICA signs grant for Lilongwe road rehab

JICA has signed a grant of $29 million to the government of Malawi for a road rehab project which will upgrade the M1 road in the capital city of Lilongwe

Advisers sought for Gambian solar IPPs

The West African Power Pool has invited EoIs from consultancy firms for two tenders to carry out either an ESIA or transaction advisory services on a 150MW solar park in the The Gambia

World Bank cancels funds for Bisri Dam project

The World Bank has informed the government of Lebanon of its decision to partially cancel disbursed funds of its $474 million loan signed for the Water Supply Augmentation Project due to non-compliance

Zakel takes inaugural role

Anthony Zakel has joined the US International Development Finance Corporation (DFC) as the agency’s first dedicated inspector general

DFC ramps up activity

The US International Development Finance Corporation (DFC) board of directors has approved investments this quarter totaling more than $2.5 billion across 9 projects that will advance development in Africa, Latin America, and emerging markets

Advisory RFPs out on Uzbek water PPP

RFPs went out today to shortlisted firms to assist on the transfer of water supply and sewage services to private operators under a PPP scheme in the first of 4 cities