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Los Loros Solar Photovoltaic Project snags funding package - State of Kuwait readies international bond – Masdar seeks US$800mn for Dubai solar park – Kexim backs road project in Ethiopia

Jun 28, 2016 // 5:03PM

  • Pakistan Industrial and Traders Association Front has mandated Wapda and the National Bank of Pakistan to seal a financing deal worth PKR100bn through a sharia compliant public-private partnership with 16 banks for the Neelum Jhelum Hydropower Project
  • The Los Loros Solar Photovoltaic Project has received a US$19.7mn A-loan from the Inter-American Investment Corporation (IIC). US$18mn and US$7mn were also provided by the Canada Climate Fund for the Private Sector in the Americas and the China Co-Financing Fund, respectively. French Proparco also offered a loan of US$19.7mn
  • The Asian Infrastructure Investment Bank (AIIB) has approved loans for Pakistan, Tajikistan, Bangladesh and Indonesia, worth US$100mn, US$27mn, US$165mn and US$216.5mn, respectively
  • Turkish President Recep Erdogan moved to restore key relationships with Russia, Israel this week
  • The State of Kuwait is reportedly moving forward with plans for an international bond sale, hiring two financial consultancies to advise on the deal
  • The yuan dropped to lows not seen in over 5 years, sparking speculation that the PBOC could stage an intervention
  • The Government of South Korea will introduce a US$17bn stimulus package to boost its sagging economy
  • The Government of Egypt is currently in talks with the IMF over a loan valued at between US$5-10bn
  • Abu Dhabi's Masdar is looking to secure a US$800mn loan to fund the development of the third phase of the Dubai solar park
  • The Government of Colombia has signed a historic peace agreement with Marxist guerrilla group, Farc, ending decades of conflict
  • The Central Bank of Russia will boost required reserve ratios for the country's banks by 0.75% as of 1 August 2016 for both Rouble and foreign currency
  • PTA Bank sealed a US$340mn upsized loan from a syndicate of 5 lenders
  • Kexim is to offer US$227mn EDCF loans to support the Gore-Tepi Road Improvements Project in Ethiopia

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