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