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Grandiose construction plans are having to be scaled back as Saudi borrowing rises, but the main point is social progress
Cheap panels from China help expansion, often by private citizens
Two groups of finance ministers and one of experts set out how multiplying climate investment would create millions of jobs and save lives
World Bank online dashboard helps countries evaluate targets
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South Africa’s Eskom has signed a $2.5bn loan from China Development Bank, securing almost two thirds of its funding requirements for the financial year amid speculation that the troubled state run power company might buy back its 2021 bonds. -
Brexit has been a slow-burning problem for the City of London, but burning it is. Financial markets are regulated. With worse access to Europe, the UK must make itself attractive to financial firms in other ways.
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Aluminium Bahrain (Alba) is working to get the final part of its second export credit agency-backed loan by the end of this quarter. The deal will wrap up the multibillion dollar-equivalent financing for one of the largest brownfield projects in the Middle East.
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Maaden Bauxite and Alumina Co has amended and refinanced $2.1bn-equivalent of long term debt. The subsidiary of Saudi Arabian Mining Co has locked in better terms on its debt than the loans being replaced.
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Joint Stock Commercial Bank for Investment and Development of Vietnam has postponed the deadline for its latest dollar loan until next week. But the move is not a sign of poor demand — the deal looks likely to be doubled to $300m.
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Abu Dhabi Commercial Bank has returned to the Asian loan market after two years absence, plotting a $400m deal that has already been partly taken up by lead bank Mizuho.
