Development finance institution

Eurasian Development Bank to Organise 46th ADFIAP Annual Meeting in Kazakhstan

Retrieved on: 
Tuesday, November 8, 2022

As proposed by the Eurasian Development Bank (EDB), the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) will host its next Annual Meeting in Kazakhstan.

Key Points: 
  • As proposed by the Eurasian Development Bank (EDB), the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) will host its next Annual Meeting in Kazakhstan.
  • The decision was made by the ADFIAP Board of Directors at the 45th Annual Meeting in Manila, Philippines in October 2022
    ADFIAP Annual Meetings are the largest gathering of CEOs of multilateral development banks and development institutions from 38 countries in the Asia-Pacific region.
  • Its mission is to promote sustainable economic growth in the region and to support its environmental and social development.
  • The Eurasian Development Bank (EDB) is an international financial institution promoting integration and development in its member countries.

Eurasian Development Bank in talks with Asian Development Bank and India’s Exim Bank on joint energy, infrastructure and trade projects in Asia

Retrieved on: 
Thursday, November 3, 2022

The Eurasian Development Bank (EDB) held consultations with the Asian Development Bank (ADB) on cooperation in energy and infrastructure projects in Central Asia and Armenia.

Key Points: 
  • The Eurasian Development Bank (EDB) held consultations with the Asian Development Bank (ADB) on cooperation in energy and infrastructure projects in Central Asia and Armenia.
  • The EDB also discussed with Export-Import Bank of India (EXIM) the scope for using national currencies in international settlements.
  • Nikolai Podguzov highlighted the Bank's experience in implementing common projects with multilateral development institutions.
  • We look forward to opportunities to work together with multilateral development banks to support infrastructure projects in Central Asia and Armenia.

Eurasian Development Bank wins ADFIAP Sustainable Award for COVID-19-Free Travel App

Retrieved on: 
Thursday, November 3, 2022

The award ceremony took place on the sidelines of the ADFIAP Annual Meeting in Manila, Philippines on October 26.

Key Points: 
  • The award ceremony took place on the sidelines of the ADFIAP Annual Meeting in Manila, Philippines on October 26.
  • The app was designed to enable people to travel freely and safely between the countries of the region where EDB operates during the novel coronavirus pandemic.
  • The Eurasian Development Bank (EDB) is an international financial institution investing in Eurasia.
  • For more than 16 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries.

EMGA Secures US$ 20M Debt Finance for Costa Rica’s Banco Improsa

Retrieved on: 
Monday, October 31, 2022

Commenting on the transaction, Felix Alpizar, General Manager of BANCO IMPROSA, said: "Banco Improsa is very honored to be recognized by AECID and COFIDES for both its track record and programs to finance and support Costa Rican micro, small and medium-sized enterprises (MSMEs).

Key Points: 
  • Commenting on the transaction, Felix Alpizar, General Manager of BANCO IMPROSA, said: "Banco Improsa is very honored to be recognized by AECID and COFIDES for both its track record and programs to finance and support Costa Rican micro, small and medium-sized enterprises (MSMEs).
  • Jos Luis Curbelo, chairman and CEO of COFIDES, stated that we are pleased to support AECID in its first impact project with EMGA and IMPROSA in the Central American region.
  • The transaction will be used to finance small and medium enterprises in Costa Rica, which will contribute to the creation and maintenance of quality jobs and reducing inequalities.
  • In addition to the Spanish State, its shareholders include Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell and Development Bank of Latin America (CAF).

Latin America Green Data Center Markets, 2022-2027: Hyperscale Operators like Google and Microsoft Actively Driving Renewable Energy Adoption

Retrieved on: 
Thursday, October 13, 2022

With the tremendous growth in data center deployment, the green data center market is becoming a leading trend in data center development and operations.

Key Points: 
  • With the tremendous growth in data center deployment, the green data center market is becoming a leading trend in data center development and operations.
  • Innovations in data center power technology include the adoption of lithium-ion and smart grid UPS systems and the adoption of DRUPS systems in Latin America.
  • The cost of operating a modular data center is around 30% less than that of a traditional data center facility, making it an attractive proposition in Latin America and driving the growth of the Latin America modular data center market, owing to many operators having limited funds for data center development.
  • Hyperscale operators like Google and Microsoft actively drive renewable energy adoption in Latin America.

Slovenia Construction Market Analysis, Trends and Forecasts Report 2022: Outlook in 2022 Faces Significant Downside Risks from Russia's Invasion of Ukraine - Forecasts to 2026 - ResearchAndMarkets.com

Retrieved on: 
Monday, October 10, 2022

The "Slovenia Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Slovenia Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026" report has been added to ResearchAndMarkets.com's offering.
  • Under the Recovery and Resilience Facility (RRF), the country will receive EUR2.5 billion ($3 billion) in financial support until 2026.
  • Slovenia plans to use EUR230 million ($274.8 million) to finance large-scale renovation programs to increase the energy efficiency of public buildings, including schools.
  • The industry's outlook in 2022 faces significant downside risks, however, from Russia's invasion of Ukraine, which is exacerbating cost inflation and undermining the improvement in investor confidence.

Latin America Green Data Center Market Outlook and Forecast 2022-2027 - Larger Colocation and Hyperscale Data Center Operators Driving the Market - ResearchAndMarkets.com

Retrieved on: 
Wednesday, October 5, 2022

The "Latin America Green Data Center Market - Industry Outlook and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Latin America Green Data Center Market - Industry Outlook and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
  • With the tremendous growth in data center deployment, the green data center market is becoming a leading trend in data center development and operations.
  • Innovations in data center power technology include the adoption of lithium-ion and smart grid UPS systems and the adoption of DRUPS systems in Latin America.
  • The cost of operating a modular data center is around 30% less than that of a traditional data center facility, making it an attractive proposition in Latin America and driving the growth of the Latin America modular data center market, owing to many operators having limited funds for data center development.

Ohayo Japan: Club Med Resorts in Japan welcome back travellers in time for the winter season

Retrieved on: 
Friday, September 30, 2022

Our resorts in Japan have been preparing to welcome back our guests with the needs of post-pandemic travellers in mind," said Rachael Harding, Chief Executive Officer, East and South Asia & Pacific Markets, Club Med.

Key Points: 
  • Our resorts in Japan have been preparing to welcome back our guests with the needs of post-pandemic travellers in mind," said Rachael Harding, Chief Executive Officer, East and South Asia & Pacific Markets, Club Med.
  • The Brand New Club Med Kiroro Peak, Renovated Club Med Sahoro and New Experiences in Club Med Tomamu
    Travellers who have been eyeing Japan as a go-to destination post-pandemic can choose from three Club Med resorts in Japan, each offering unique locations and experiences, just in time for the winter season from some of the best powder snow in the world found on the ski slopes of Hokkaido.
  • With over 25 ski resorts spanned across Canada, France, Italy, China and Japan, Club Med offers a world of incomparable snow experiences.
  • Today, Club Med is the world's leading provider of upscale, all-inclusive holiday packages with a French touch for families and working couples.

Argentine Economic Minister Sergio Massa Secures Broad Scope of Investments, U.S. Support for Initiatives to Strengthen Economy, Continued Support from IMF

Retrieved on: 
Thursday, September 15, 2022

WASHINGTON, Sept. 14, 2022 /PRNewswire/ -- Argentina's Minister of the Economy, Sergio Massa, announced that following a week of meetings with U.S. officials and executives, he has made significant strides toward bolstering his country's economy, currently undergoing historically high inflation and other pressures. The minister's statement came at the conclusion of a week-long delegation, his first state tour since taking office. He was joined by Ministers of Mining, Fernanda Ávila, and Energy, Flavia Royon.

Key Points: 
  • The minister's statement came at the conclusion of a week-long delegation, his first state tour since taking office.
  • He was joined by Ministers of Mining, Fernanda vila, and Energy, Flavia Royon.
  • Throughout the week, Minister Massa secured investments from a number of leading U.S. corporations and global financial institutions.
  • The investments will go toward supporting key economic development initiatives, helping drive efforts to foster long-term economic development in Argentina.

Janngo Capital Startup Fund, Africa's largest gender equal tech VC fund, reaches the first close of its €60 million new fund

Retrieved on: 
Monday, September 12, 2022

Launched in Davos in 2020, Janngo Capital's latest fund will invest 50% of its proceeds in companies founded, co-founded, or benefiting women.

Key Points: 
  • Launched in Davos in 2020, Janngo Capital's latest fund will invest 50% of its proceeds in companies founded, co-founded, or benefiting women.
  • Yet, they face a $42 billion funding gap and have very limited access to growth capital.
  • "We are proud to lead Africa's largest gender equal tech VC fund and see major global investors rally around our vision to back entrepreneurs building digital champions across Africa.
  • That is why we are pleased to partner again with Janngo Capital Startup Fund through our Boost Africa Initiative," said Ambroise Fayolle, European Investment Bank Vice President.