IFC’s inaugural Bangladeshi Taka ‘Bangla’ Bond raises US$9.5m to Support Private Sector Development

IFC’s inaugural Bangladeshi Taka ‘Bangla’ Bond raises US$9.5m to Support Private Sector Development

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BANGLADESH—IFC, the largest global development institution focused on the private sector in emerging markets, has issued its inaugural bond in Bangladeshi Taka, raising 800 million BDT (about US$9.5 million) to support private sector development. IFC revealed in a statement that the funds…

Brazil’s paper industry giant Klabin secures US$280m loan from IFC to increase capacity and enhance efficiency

Brazil’s paper industry giant Klabin secures US$280m loan from IFC to increase capacity and enhance efficiency

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BRAZIL – Brazil’s largest producer, exporter and recycler of packaging paper, Klabin has secured a US$280 million for its Puma Project II from the International Finance Corporation (IFC). IFC said in a statement that financing to one of the largest producers of…

IFC leads other lenders in advancing US$453m loan to Nepal’s energy company for hydroelectric power plant construction

IFC leads other lenders in advancing US$453m loan to Nepal’s energy company for hydroelectric power plant construction

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NEPAL —IFC, a member of the World Bank Group, and a consortium of other lenders have finalized a $453 million debt financing package that will support the construction of a landmark hydroelectric plant in central Nepal. The plant according to an IFC…