Latest News

EIB considers Chad road loan

The EIB is taking stock of a potential €113 million loan for the €275 million rehabilitation of the 596km road from Chad’s capital city N’Djamena to the Cameroon border

Pakistan PPP bulks up advisory team

The likely transaction adviser on a PPP in southern Pakistan is recruiting an advisory team, following the request for qualifications for strategic and financial investors to develop the country’s first water PPP

JICA signs third new loan for Basra refinery upgrade

The JICA has signed with the government of Iraq a $211.8 million loan for the Basra Refinery Upgrading Project III – the third phase of the project

UAE and French join forces with insurance

ECI and Bpifrance Assurance Export have signed a reinsurance agreement to increase joint Emirati and French projects globally

Olam aggregates debt under one loan

Olam International’s wholly-owned subsidiary Olam Treasury Pte Ltd (OTPL) has secured a medium-term samurai loan facility aggregating JPY 26.7 billion ($240m).

Ugarov to exit Metalloinvest

Metalloinvest – the Russian iron ore and HBI producer and supplier, and a producer of high-quality steel – has announces that Andrey Ugarov is leaving his position

EBRD support for Moldovan rail

The EBRD is providing Moldova’s national railway operator Calea Ferată din Moldova with an additional €23.5 million loan to upgrade key infrastructure

JBIC loan for Toyo’s Indian EPC drive

Japan Bank for International Cooperation (JBIC) has signed a loan agreement for up to $27 million with Toyo Engineering Corporation – part of a wider $45 million financing package

JICA loan to upgrade Iraq refinery

Japan International Cooperation Agency (JICA) has signed a loan agreement with the Government of the Republic of Iraq to provide a Japanese ODA loan of up to 32,700 million yen ($293.3m) for the Basrah Refinery Upgrade Project (III).

Taseko signs $50m mining RCF

Taseko Mines has signed a $50 million revolving credit facility – arranged and underwritten by National Bank of Canada – for working capital and general corporate purposes

IDB backs Peruvian sustainability

The Inter-American Development Bank (IDB) has approved a $20 million loan and $2 million in non-reimbursable investment financing from the France-IDB Natural Capital Lab Trust Fund (NCL) to increase bio-business investments in the Amazon region of Peru and contribute to sustainable use of natural capital

JBIC backs US steel development

The Japan Bank for International Cooperation (JBIC) has signed a loan agreement of up to $50 million with Sumitomo Corp Of Americas (SCOA), a US company wholly-owned by Sumitomo Corp

Barros & Errázuriz recruits mining partner

Chilean law firm Barros & Errázuriz Abogados has recruited Felipe Allende as a partner in its natural resources practice

MIGA signs guarantee for Burkinabe solar PV

MIGA has issued a $4.5 million guarantee to French renewables developer GreenYellow to cover its equity and quasi-equity in the €27.11 million, 30MW Nagréongo solar IPP project near Ouagadougou, Burkina Faso

BNY Mellon joins digital revolution

BNY Mellon has joined a consortium working to introduce blockchain technology into international trade finance and digitize how working capital is provided to both suppliers and buyers across the globe

ICTSI completes block trade for Pakistani port operator

A subsidiary of Manila-based International Container Terminal Services (ICTSI) has topped up its controlling stake in a Pakistani port operator by closing a PRs1.2 billion ($7 million) block trade

EIB joins battle for Slovenia recovery

The EIB will provide €30 million to the Slovenian Regional Development Fund (SRDF) and contribute to the creation of a new credit line designed to accelerate the COVID-19 recovery of Slovenian SMEs, mid-caps and municipalities

Diana ships out to Olam

Diana Shipping Inc – the global company specializing in dry bulk vessels – has, through a separate wholly-owned subsidiary, entered into a time charter contract with Olam International for one of its Capesize dry bulk vessels… the m/v Baltimore