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Jul 2020
World Bank’s Guide to Scale up Green Finance in Emerging Markets
July, 14 2020
Global - The World Bank has published a guide outlining the processes that financial regulators can use to develop a green taxonomy in order to scale up green finance ...
Komaza Raises $28m Series B to Capture Africa’s $30b Wood Deficit While Restoring Degraded Lands
July, 14 2020
Sub-Saharan Africa - With continued investment and support from their Series A lead Novastar Ventures, this financing round was co-led by Novastar LPs AXA Investment Managers (through the AXA Impact Fund: Climate & Biodiversity), and the Dutch development bank FMO, with further participation by Mirova’s Land Degradation Neutrality Fund ...
IFC Supports Combank to Expand Access to Finance for Women
July, 14 2020
Sri Lanka - In June, IFC invested $100 million in ComBank – a $50 million loan as part of IFC’s US$8 billion global COVID-19 fast track financing facility, and another $50 million through a private placement of new equity shares ...
International Finance Corporation and ProCredit Deepen Their Cooperation to Support SMEs in Nine Emerging Economies during the Corona Crisis
July, 13 2020
Global - The funds will be available at short notice to qualified SMEs in nine of the altogether twelve ProCredit banks. These are the ProCredit banks in Albania, Bosnia and Herzegovina, Ecuador, Kosovo, Moldova, North Macedonia, Romania, Serbia and Ukraine ...
IFC Invests EUR 25mn in Ivorian Bank NSIA Banque Côte D’Ivoire
July, 13 2020
Côte d'Ivoire - The loan is IFC’s first investment in Côte d’Ivoire as part of its global COVID-19 fast-track financing support package, designed to help client financial institutions — and the thousands of smaller businesses they support—weather COVID-19-related disruptions. ...
India: Impact Investing Touches $11 Bn; Helps 490 Million Lives in 10 Years
July, 13 2020
India - As per the study, impact investing has seen strong growth with USD 10.8 billion of equity capital flowing into the sector over the past decade, clipping 26 per cent in each of the first eight years and rapid growth over the past two years - helping as much as 490 million lead better lives. ...
D. Wood, Director, Initiative for Responsible Investment: Roles Foundations Play in Shaping Impact Investing
July, 13 2020
Global - A better understanding of the roles that foundations have played in the development of impact investing can shed light on the problems that arise when philanthropy turns to the private sector to help with achieving a greater good ...
Pakistan: Agriculture, Livestock Proved the Most Pandemic-Resistant Sector
July, 12 2020
Pakistan - Proving their resilience in one of the worst economic slowdowns, agriculture and livestock sector fared far better than services and small-scale manufacturing sectors during the COVID-19 pandemic, which crippled the latter, a top microfinance official said ...
Fairfax Africa Holdings Enters Purchase Agreement with Helios Holdings Ltd
July, 11 2020
Sub-Saharan Africa - Canada-based Fairfax Africa Holdings Corporation has reached an agreement to merge with Helios Holdings limited, the Africa-focused private equity firm which was co-founded by Tope Lawani and Babatunde Soyoye. The purpose of the merger is to create a truly pan-African investment firm ...
Turning on the Lights for 450,000 People in Rural Myanmar
July, 11 2020
Myanmar - More than 450,000 people in rural Myanmar are expected to gain access to clean energy for the first time following the signing of a grant agreement between the World Bank Group and the Government of Myanmar ...
Findev Canada to Support Lending for 270 MW of Renewables in Latam, Caribbean
July, 10 2020
Latin America and the Caribbean - FinDev, a wholly-owned subsidiary of Canada’s export credit agency, will provide a USD 15 million (EUR 13.3m) to Panama-based non-bank financial institution Corporacion Interamericana para el Financiamiento de Infraestructura SA (CIFI) ...
Assessing Gender Lens Investing in Blended Finance
July, 09 2020
Global - This year, Convergence analyzed how gender has been incorporated in the blended finance market, based on its database of over 530 blended finance transactions, the majority of which have launched since 2010 ...
Virus Spurs Emerging Market Investors to Seek Returns in ESG
July, 08 2020
Global - Emerging-market investors may have identified the assets that offer sustainable post-pandemic returns. Now they just need to find more of it ...
Kiva Receives USAID Design Funding to Structure Innovative $100m Fund to Support 1 Million Women Globally
July, 07 2020
Global - The contract will support an 18-month process that will engage major asset owners and gender lens investing experts in developing K-IWF, which aims to provide $100 million in critical capital for women entrepreneurs ...
Crédit Agricole Corporate and Investment Bank Arranges the First Green ABCP Note Financing Electric Vehicles in Client Auto Retail Loan and Lease Pools
July, 07 2020
Global - Crédit Agricole Corporate and Investment Bank (“Credit Agricole CIB”) announced today its first issuance of a green Asset-Backed Commercial Paper (ABCP) note, raising USD25 million. Crédit Agricole CIB understands this to be the industry's first green ABCP note financing electric vehicles (EVs) in client auto loan and lease pools. ...
EIB and ICFA Luxembourg Sign MoU to Promoting Climate Finance
July, 07 2020
Luxembourg - The initiative seeks to help fund managers in their startup phase by creating an attractive and supporting environment for them. ...
Developing World Markets Secures $90 Million for Sustainable Impact Investments from Nordic Institutions
July, 07 2020
Global - Developing World Markets (DWM) has secured commitments of US$90.4 million from three Nordic financial institutions to invest in low-income countries, many hit hard by the global pandemic ...
GGF, Yapı Kredi Leasing Support Renewables in Turkey with Loan Package of EUR 20 Million
July, 06 2020
Turkey - The Green for Growth Fund – GGF invested in Turkey’s Yapı Kredi Leasing for the fourth time. The senior loan of EUR 20 million is primarily intended for rooftop solar installations at industrial facilities ...
IFC Provides CIB Egypt $100m Loan to Support Businesses Disrupted by COVID-19
July, 05 2020
Egypt - The funding will help CIB, a longstanding partner of the IFC in Egypt, provide short-term loans to corporations and businesses, including small- and medium-sized enterprises (SMEs) facing liquidity challenges ...
Cambodia: PRASAC Gets $150 Million Bank Credit
July, 03 2020
Cambodia - Cambodian Securities Exchange (CSX)-listed PRASAC Microfinance Institution Plc received $150 million in credit facilities from South Korea’s KB Kookmin Bank to strengthen its capital base, liquidity and expand its lending ...
India: RBI May Have Its Task Cut Out in Overseeing Urban Cooperative Banks Added to Its Fold
July, 03 2020
India - The RBI already has its hands full in monitoring regulatory compliance by the 86 scheduled commercial banks, 10 small finance banks, 53 regional rural banks and thousands of NBFCs under its watch ...
South Africa: AfDB Concludes R2 Billion Investment in SDG Bonds Issued by Nedbank SA
July, 03 2020
South Africa - This SDG-linked Tier 2 bond issuance, the first of its kind in Africa, is expected to benefit the South African economy through the creation of over 6,000 new jobs and nearly 20,000 SME loans, in addition to catalyzing around R4 billion ($232 million) in additional investment in clean energy ...
China: Online Lending Alliance to Ease Credit Crunch of SMEs
July, 03 2020
China - The cooperation between banks and third-party institutions in the online lending business is an effective way to make loans more accessible for small and medium-sized businesses and reduce their financing costs, experts said ...
New Spanish AM Venture Aims to Raise €50m for Impact Bets
July, 02 2020
Global - The Luxembourg-domiciled fund, which is formally called the Global Social Impact (GSI) fund, will focus on business models in sub-Saharan Africa and will aim to expand into the Latin American market in the near future ...
UK Government Development Bank to End Fossil Fuel Financing
July, 02 2020
United Kingdom - The CDC Group revealed its new climate strategy, which will end support for the most polluting fossil fuel projects, including the production of oil and coal, and channel almost a third of its spending towards climate finance ...
Farming Could Empower Millions of Women across South Asia - Here's How
July, 02 2020
South Asia - South Asia’s record on gender equality is weak, to say the least. Yet there is one sector where women are taking over: agriculture. This is an opportunity for women’s economic empowerment that should not be missed ...
EBRD, EIB Provide 12.5 Mln Euro New Financing to Romania's Agricover Credit IFN
July, 01 2020
Romania - The new funds will enable Agricover Credit IFN to expand its financing for agriculture and help farmers hit by the coronavirus outbreak, the EBRD said ...
IFC, Citi Launch $800M Fund to Support Trade Finance in Emerging Markets
July, 01 2020
Global - The deal, part of IFC’s emergency response to the pandemic, promises to support the flow of commodities in countries where businesses face financing challenges and the disruption of cash flows due to the outbreak of the virus ...
India: RBI Outlines Norms for Special Liquidity Scheme for NBFCs, HFCs
July, 01 2020
India - Reserve Bank of India on Wednesday said the government has approved a scheme to improve the liquidity position of Non-Banking Financial Companies (NBFCs) and housing finance companies (HFCs) through a Special Purpose Vehicle (SPV) to avoid any potential systemic risks to the financial sector ...
India: World Bank Approves $750mn to Aid MSMEs
July, 01 2020
India - The $750-million loan from the International Bank for Reconstruction and Development (IBRD) will be used to improve the funding capacity of key market-oriented channels of credit, such as the NBFCs and SFBs to help them respond to the urgent and varied needs of the MSMEs. ...

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