The global trade finance gap grew to an all-time high of $1.7 trillion in 2020, a 15% increase from 2 years earlier – according to the Trade Finance Gaps, Growth, and Jobs Survey that was released today by the Asian Development Bank

The European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) have pledged to improve their cooperation on joint financing for infrastructure-related projects and platforms outside of the EU

Ørsted has signed a €2 billion ($2.31bn) 5-year sustainability-linked syndicated revolving credit facility (RCF) with 2,1-year extension options.

Gelsomina Vigliotti has been made the new vice-president and member of the management committee of the European Investment Bank

Downer has completed its exit from the mining sector having agreed to sell its Australian coal mining contractor business, Open Cut Mining East, to Indonesian outfit BUMA

Fortescue’s renewables subsidiary Fortescue Future Industries (FFI) has joined forces with ASX-listed manufacturer Incitec Pivot to conduct a feasibility study into green ammonia production at Gibson Island in Queensland

Kenyan wireless infra company ATK is in talks with the IFC over a potential $25 million loan to debt finance new BTS towers as part of a 4G coverage expansion

UniCredit and JP Morgan have joined forces in the SWIFT Go project – a new service that enables small businesses and consumers to send fast, highly secure low-value cross-border payments anywhere in the world

Standard Chartered has partnered with fintech specialist Demica to transform access to the bank’s supplier finance programmes

Veolia has reached commercial close with the city of Tashkent on a €1.363 billion ($1.577 billion) utility PPP – the first of its kind in Uzbekistan

Brazilian development bank BNDES has approved financing of more than $500 million to export 24 Embraer E175 commercial jets to SkyWest Airlines based in Utah, US

Natixis Corporate & Investment Banking (Natixis CIB) has raised $180 million by placing its first green Formosa bond

US DFC has signed with Pearl Petroleum a $250 million loan for the $630 million expansion of the Khor Mor gas treatment plant in Iraq

The EIB is to provide €100 million in guarantees from its European Guarantee Fund (EGF) to UniCredit Bank Slovakia, enabling it to offer more affordable financing to Slovak SMEs, mid-caps and large corporates

The Eurasian Development Bank (EDB) has extended RUB 3 billion ($41.4m) to the Ural Mining and Metallurgical Company (UMMC) as part of a syndicated loan arranged by Rosbank

Rabobank and the EIB are launching the sixth in their series of “impact loans” to support sustainable entrepreneurship in the Netherlands

Societe Generale has appointed Hacina Py to the role of group chief sustainability officer, in a position that will also see her join the group management committee. She will operate out of the Paris headquarters

MUFG Bank has named Vanessa Manning as its head of transaction banking EMEA, effective 1 November

African Export-Import Bank and the Fund for Export Development in Africa (FEDA), its development impact-oriented subsidiary, have entered into a JV with Gateway Partners to create the Africa Credit Opportunities Fund