EU, EBRD to Provide €61 Mln Climate Finance to Egypt, Morocco, Eastern Partners
June, 30 2020
MENA & Caucasus - The EU is providing a total of €61.3 mln in grants to support three EBRD programmes helping businesses invest in energy efficiency, cut their carbon footprint, introduce innovative green technologies, support the circular economy and improve legal frameworks for energy and resource efficiency investments ...
Rise in COVID-19 Bond Issuance Fans Fears over ‘Social Washing’
June, 29 2020
Global - When it comes to social bonds, analysts are hopeful that standards should improve as issuance increases, as is happening with green bonds. Until then, they say, investors may have to take it on trust that the money will be put to socially useful ends. ...
Philippines Inks Two Loans with AFD Worth P14b
June, 29 2020
Philippines - The Philippines has inked two more loan agreements cumulative worth €250 million (approximately P14 billion) to finance infrastructure development and financial inclusion in the country ...
EBRD Lends 5mln Euro to Bosnia's Partner Mikrokreditna Fondacija
June, 23 2020
Bosnia and Herzegovina - The European Bank for Reconstruction and Development (EBRD) said it is lending 5 million euro ($5.6 million) to Bosnia's Partner Mikrokreditna Fondacija Tuzla (PMF) for on-lending to micro enterprises and small-scale farmers hit by the coronavirus pandemic ...
Uganda: Village Groups, Saccos Need Shs300b Support, MPs Told
June, 21 2020
Uganda - Microfinance Support Centre (MSC) has told Parliament that it will need an extra Shs313b as a recovery fund to help the revival of 1,749 Savings and Credits Cooperative Societies (Saccos) and 14,842 Village Savings and Lending Associations (VSLA) which have been hard hit by the Covid-19 pandemic ...
Nigeria: IFC Invests $100m in Zenith Bank to Support SMEs
June, 19 2020
Nigeria - International Finance Corporation (IFC), a member of the World Bank Group, yesterday said it has invested $100 million in Zenith Bank Plc to help it increase support to clients and companies whose cash flows have been disrupted by challenges caused by the COVID-19 pandemic ...
Sustainability Goals in Focus as PRI Produces Framework for Investors
June, 18 2020
Global - The United Nations-supported Principles for Responsible Investment (PRI) has published a new report on investing with Sustainable Development Goals (SDGs), providing its signatories - investors that collectively have US$100 trillion in assets under management - with a new high-level framework of investor actions to shape outcomes in line with the SDGs ...
SFAMA Is Committed to a Sustainable Economy in Switzerland
June, 17 2020
Switzerland - The Swiss Funds & Asset Management Association (SFAMA) is clearly committed to a sustainable economy. For the Swiss asset management industry, detailed recommendations for the effective implementation of the corresponding concepts have therefore been drawn up in collaboration with Swiss Sustainable Finance (SSF) ...
IFC Engages Underwriters through ESG Scorecards
June, 16 2020
Global - This will impact banks that are currently handling the roughly 300 bonds issued each year, valued at $14bn (€12.3bn), according to the IFC. It expects other issuers may follow suit ...
Debt Investors Bet on Emerging Markets as ‘QE’ Begins to Travel
June, 15 2020
Global - Emerging market debt investors are betting the rally that has lifted sovereign bonds from their March lows will gain pace, as stimulus efforts from the Federal Reserve and others spill across borders and as local policymakers launch copycat measures ...
EBRD Lending 5mln Euro to Romania's Agricover Credit IFN
June, 10 2020
Romania - The project will strengthen the company's funding position and will allow it to pursue growth strategy aimed at assisting smaller farmers, continue providing support to agri-business SME clients and thus reduce the risk profile of the end-borrowers ...
China: PBOC Steps Ensure Credit Flow to SMEs
June, 09 2020
China - The People's Bank of China, the central bank, launched a set of policies last week to shore up financial services for small and micro enterprises. It announced 30 supportive measures, like lower costs and faster growth of credit while encouraging financial institutions to raise more funds from the bond market ...
Cambodia: MicroFinance - $817 Million of Loans Approved for Restructure
June, 08 2020
Cambodia - Cambodia’s microfinance institutions (MFIs) have approved loan restructures valued at almost $817 million for more than 180,000 customers among a total of nearly 200,000 customers who have requested assistance since May, according to the Cambodia Microfinance Association (CMA) ...