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IFC Proposes $10 Million Loan to ACLEDA Bank Laos
May, 25 2021
Laos - The proposed loan would be issued as a three-year senior local currency loan worth up to roughly $10 million. The loan is to help provide local currency loans to small and medium enterprises (SMEs) in Laos that have been affected by the Covid-19 global pandemic ...
DFC and FMO Launch $75m COVID-19 Response Co-Financing Facility
May, 20 2021
Global - DFC and FMO have launched the $75m DFC-MASSIF COVID-19 Response Co-Financing Facility, which seeks to bring liquidity to financial intermediaries to support MSMEs impacted by the COVID-19 crisis and promote new investment to support economic sustainability in developing countries ...
Cambodia: Dutch Firm Lends $20 M to Sathapana Bank
May, 14 2021
Cambodia - Dutch development firm FMO announced this week that it has provided Sathapana Bank with a $20 million subordinated loan to help the bank extend financing to small to medium-sized enterprises (SMEs) and increase its reserves ...
Cambodia: IFC Proposes $40 Million Loan to Hattha Bank
May, 14 2021
Cambodia - The proposed loan will contribute to narrowing the financing gap in the Kingdom by supplying additional loans to MSME’s, including those owned by women, during the tenor of the facility and is expected to increase economic activity and job creation in Cambodia, expediting post-crisis recovery ...
African Fintech Startups Still Face Major Funding Gaps
May, 13 2021
Africa - The number of early-stage deals among African fintech startups is increasing, but the average size of the deals remains low compared to that of other regions, and funding gaps persist at the early stages, according to a new report on the industry in emerging markets ...
EBRD Backs First Green Bond Issued by a Bank in Romania
May, 12 2021
Romania - Reinforcing its position as a leader in green finance and a strong supporter of capital markets, the European Bank for Reconstruction and Development (EBRD) has invested RON 53 million (€11 million equivalent) in a senior preferred green bond issued by Raiffeisen Bank Romania, a subsidiary of the Austria-based group Raiffeisen Bank International ...
Total Eren Secures Loans for 100-MW Solar Project in Uzbekistan
May, 10 2021
Uzbekistan - Total Eren, through Tutly Solar LLC, will get a EUR 43.7 million loan from the European Investment Bank (EIB) along with EUR 21.8 million from each of the European Bank for Reconstruction and Development (EBRD) and Proparco, an affiliate of the French Development Agency (AFD) ...