By Nibal Zgheib The EBRD, EU and Global Environment Facility are supporting the Guelmim-Oued Noun region with a loan to increase drinking water supply and promote the use of non-conventional water US$1 million investment grant from the Global Environment Facility to upgrade four existing wastewater treatment plants Green City Action...

By Ron Chen, Bureau Chief, Asia The Saudi Fund for Development (SFD) Chief Executive Officer, H.E. Sultan Al-Marshad, signed a new development loan agreement with the Minister of Finance of the Republic of Tajikistan, H.E. Kahhorzoda Fayziddin Sattor, through which SFD is contributing US$100 million to fund the Rogun Hydropower...

By Vanora Bennett Responding to international calls for scaled up climate action and seeking to enhance climate resilience in its regions of operation, EBRD to include climate resilient debt clauses in new loans for sovereign and municipal clients in lower-middle-income countries in EBRD regions The clauses enable debt deferral on...

Compound Semiconductor Applications (CSA) Catapult has been awarded £4m(US$5.08million) from UK Government agency Innovate UK (which provides funding and support for business innovation as part of UK Research and Innovation) to help deliver a resilient and energy-efficient future telecoms network for the UK. Established in 2017 by Innovate UK, CSA...

By Anton Usov The European Bank for Reconstruction and Development (EBRD) is providing support to small and medium-sized enterprises (SMEs) in the Kyrgyz Republic by offering new funds to the country’s leading private lender Kompanion Bank. Kompanion Bank will use the loan from the EBRD of up to US$ 10...

By Ron Chen, Bureau Chief, Asia The Saudi Fund for Development (SFD) Chief Executive Officer, H.E. Sultan Al-Marshad, inked today,  a new development loan agreement marking the Fund’s first presence in the country, worth US$ $100 million with the Province Governor of Córdoba, H.E. Juan Schiaretti and the Province Governor...

By Olga Rosca Turkey’s flour producer Ulusoy Un is receiving a fresh financial boost to keep up with high demand from pasta-makers, bakeries and locked-down customers as the coronavirus pandemic continues. The European Bank for Reconstruction and Development (EBRD) and Turkiye Sinai Kalkinma Bankasi (TSKB), the Industrial Development Bank of...

By Godson Umejiego, Correspondent USA The leading infrastructure solutions provider in Africa, Africa Finance Corporation (AFC) has announcesd it has successfully secured a US$250 million tier-2 capital loan from US International Development Finance Corporation (DFC). Formed in December 2019, DFC is the United States Government’s development bank established with a...