Sector - Multi-laterals & Development Banks
Brazil and Africa forge trade pact
The African Development Bank and Brazilian Development Bank have agreed a long-term agreement to boost financial cooperation in the two regions.
Cameroon gas project wins syndicated loan
Kribi Power Development Company has won a €138mn syndicated loan with six international and development banks to construct a natural gas-fired power plant in Cameroon.
Looking for support in Sub-Sahara
As liquidity from Europe dries up, Sub-Saharan Africa will look to its own financial institutions as well as those in China to support trade flows, writes Sarah Rundell.
BBVA leads Venezuelan steel deal
Venezuelan national steel company EPSSN has won a €480mn loan from a syndicate of banks led by BBVA to finance a steel production project.
Denizbank taps EBRD funds
The EBRD has agreed a €40mn credit line to Turkey’s Denizbank to on-lend to local small and medium-sized enterprises in the agribusiness sector.
Azerbaijani SMEs win ITFC approval
Azerbaijani leasing company Unileasing has agreed a US$3.5mn credit facility with International Islamic Trade Finance Corporation to finance its small and medium enterprises.
IFC and Korea boost south-south investments
IFC has signed a memorandum of understanding with the Export-Import Bank of Korea and Korea Finance Corporation to promote investments in developing countries.
Brazilian transport gets international support
Brazilian transport enterprise Embraport has won a US$430mn syndicated loan from a group of international and development banks to construct a container and liquids terminal in Brazil.
African Development Bank launches new lending strategy
The African Development Bank has reviewed its lending strategy by introducing the use of A/B loans.
Abu Dhabi bank joins GTFP
Abu Dhabi-based Union National Bank is the latest bank to join the IFC’s global trade finance programme.
African Development Bank to review lending strategy
The African Development Bank is looking to increase the profile of loan syndication in its lending strategy.
Africa 'must' boost intra-regional trade
Africa needs to increase the volume of intra-regional trade if it is to counter the ill-effects of the eurozone slowdown.
Bank Zenit wins syndicated trade loan
Russian Bank Zenit has closed a one-year US$110mn syndicated term loan facility with seven international and development banks.
Russian wood plant gets EBRD backing
Russian wood manufacturer Kronospan has won a €120mn syndicated loan from development and local banks to build a wood producing plant in Egorievsk, near Moscow.
IFC introduces trade insurance policy
The IFC has taken out a US$532mn trade credit insurance policy to expand the capacity of its global trade finance programme.
