Deal Round-Up: KfW strengthens electro-transmission in Georgia and water supply in Albania

19th April 2017 Steve Hoare
  • German development bank KfW has inked two deals in Eastern Europe with a commitment to lend €125 million to Georgia for its electro-transmission network and €47 million to Albania for its water supply and sanitation systems.
  • The China Development Bank has agreed to lend Argentina’s BICE (Bank of Investment and Foreign Trade) US$150 million to develop SMEs, renewable energy and agribusiness among a range of possible projects.
  • The Asian Development Bank will lend the government of Tuvalu US$11.8 million to regenerate its ports.
  • French development finance institution Proparco has renewed its commitment to Cote D’Ivoire’s Aeria, which runs Abidjan’s airport, with a second loan of €13 million to expand the airport’s capacity.
  • A typically diverse week of activities at the World Bank Group’s IFC sees:
    • a loan of US$100 million agreed with the Federal Bank of India;
    • a loan of US$80 million going to Indonesia’s Indosurya to finance SMEs;
    • an initial investment of US$21 million lent to Tanzania’s Kioo to finance its glass factory;
    • a loan of US$35 million to fund La Castellana wind farm project in Argentina
    • an initial US$34.1 million lent to Bangladesh’s Excelerate to build an offshore marine terminal for liquid natural gas;
    • US$11.15 million to help Cape Verde’s The Resort Group Praia build a new hotel;
    • and finally, a RMB690 million (US$100 million) equity investment in China’s Union Life Insurance Co.

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