The Opec Fund for International Development has announced the signing of a $50 million term loan agreement with ACWA Power to support the construction and operation of a 1.5 gigawatt (GW) combined cycle gas-turbine power plant in Sirdarya, Uzbekistan.
Sweden’s central bank (CB) would lend up to 500 billion crowns ($51 billion) to Swedish companies via banks, moving to shore up credit flows as the coronavirus epidemic wreaks havoc on global financial markets.
Industry body Federation of Indian Export Organisations (FIEO) has urged the government to immediately provide Rs 30,000 crore worth of interest-free working capital term loan to exporting companies
Loan borrowers from the Philippines’s PagIBIG Fund (Home Mutual Development Fund) can heave a sigh of relief as officials of the government-owned-and-controlled corporation (GOCC) have announced a three-month or 90-day deferment on their payments.
The Asian Development Bank (ADB) approved $1 billion in immediate budget support to Pakistan to shore up the country’s public finances and help strengthen economy besides approving $300 million to support energy sector reforms.
The Asian Development Bank (ADB) and the Government of Pakistan signed the loan agreement for a $300 million emergency assistance loan intially approved by the bank on May 19.
The International Monetary Fund on Friday approved Egypt’s request for a $5.2 billion loan as the country’s economy reels from the financial fallout of the coronavirus pandemic.
Abu Dhabi Fund for Development (ADFD), the leading national entity for economic development aid, approved a concessionary loan worth Dhs55 million ($15 million) for the Olama-Kribi Road project in Cameroon.
Egypt’s central bank (CB) will provide up to 100 billion Egyptian pounds ($6.36 billion) in loan guarantees to banks to encourage lending to businesses during the coronavirus crisis, the state news agency quoted the bank’s governor as saying.