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The bank tightened a little more than a UAE peer did on Tuesday
The euro tranche is a refi of a bond maturing later in September
Proceeds expected to go towards growth, including expanding what the company says is Africa’s biggest refinery
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Turkey’s national election board has cancelled the results of the Istanbul mayoral race that president Recep Tayyip Erdoğan’s ruling party lost in March and ordered a rerun. This is widely thought of internationally as a blow to democracy, and in Istanbul citizens have taken to the streets in protest. But Erdoğan’s behaviour has been so unpredictable in the past year that there is hope the rerun in June will be free and fair enough for investors to breathe easy. It seems a bet made more in hope than expectation.
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Modern monetary theory has become a rallying cry for the left in the United States where its advocates say it can unlock state spending without sparking inflation. But economists in the CEE warn it would have dire impacts in the EBRD region -
Romania and France are pushing for a bolder taxonomy within the EU's Sustainable Finance Action plan as EU finance officials meet in Brussels today. The latest draft, put forward by Romania, sees the taxonomy covering all economic activities, grading them from green to brown.
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Hydropower power projects have proved to be very controversial across the West Balkans and one project in North Macedonia has put the EBRD into conflict with environmental campaigners
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Catastrophe bonds could be a useful tool for countries in the western Balkans to insure against the impact of weather related disasters — especially if bodies such as the EBRD and UN play a role
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A decision by Uzbekistan to open its capital markets to outside investors is set to see a roll out of privatisations of non-core businesses such as banks and mining companies
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Sponsored by CAF – Development Bank of Latin America and the Caribbean
CAF gearing up to transform regional development
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Sponsored by Emirates NBD Capital
Emirates NBD Capital: An unrivalled conduit for Middle East liquidity
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Sponsored by European Investment Bank
European Investment Bank: Supporting sustainable development in North Africa
