Deal Round-Up: ADB invests US$500 million for infrastructure projects in India and Pakistan

5th October 2017
  • The Asian Development Bank (ADB) has issued US$500 million in debt and equity funding for private infrastructure projects in countries including India and Pakistan
  • ADB has also approved two projects worth over US$210 million in debt financing from the Leading Asia’s Private Infrastructure Fund (LEAP) in its first year of operation. The projects are expected to generate about US$1.4 billion in total financing, including US$264.5 million from ADB’s own capital and an additional US$890 million from co-financing partners
  • China-led AIIB and multilateral funding agency ADB will co-finance a US$100 million loan for India to improve power transmission network and expand the use of solar and wind energy, state media reported today
  • The African Development Bank Group (AfDB) has approved a private sector multi-currency line of credit of US$100 million and 1.3 billion South African Rand to Industrial Development Corporation Plc (IDC) of South Africa
  • The Green Climate Fund (GCF) has approved an allocation of up to US$110 million to the European Bank for Reconstruction and Development’s Kazakhstan Renewables Framework, which aims to finance the construction and operation of renewable energy projects in the Central Asian country
  • The World Bank Group today approved a US$150 million loan to the Dominican Republic (DR) to provide financing in the event of a natural disaster or a public health emergency. The Catastrophe Deferred Drawdown Option provides countries with immediate financing without taking resources away from social and development programs
  • The Inter-American Development Bank (IDB) has approved two loans to Argentina worth a total US$550 million to finance construction projects in that nation. A US$200 million loan will help provide upgraded water and sanitation services in 10 provinces that are part of the Belgrano Plan
  • German government-owned development bank KfW last week issued a US$1 billion green bond with strong demand from from other lenders and asset manager

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