Updates Archive
EBRD Invests in Bulgarian Energy Efficiency
Microfinance Focus Europe, 27 November, 2013: The European Bank for Reconstruction and Development (EBRD) launched a program on Tuesday, Nov. 26 to boost energy efficiency investments in Bulgarian public buildings and services. The program was launched during an international meeting
Initial Deposit Made in FMO SME Finance Fund
Microfinance Focus Europe, 21 November 2013: An initial deposit was made in the Dutch development bank, FMO’s newest fund for small and medium sized enterprises (SMEs). The fund, titled the SNS FMO SME Finance Fund, was jointly initiated by
Climate Change Initiative Announced at UN Summit
Microfinance Focus Europe, 20 November 2013: A new program aiming to reduce tropical deforestation and address climate change was presented to the EU Commission during the UN Climate Change Summit currently being held in Warsaw. The program, titled the "Dutch REDD+
EBRD Invests ぎ25 Million in EFSE
Microfinance Focus Europe, 19 November 2013:The European Fund for Southeast Europe signed an agreement with the European Bank for Reconstruction and Development, providing EFSE with an additional ぎ25 million for over 4,000 new loans to micro and small enterprises. The
KfW Publishes Evaluation Report on Financial Cooperation
Microfinance Focus Europe, 18 November 2013: KfW recently published, "Fragile Settings. Lasting Impact the 12th biannual report evaluating the organization’s Financial Cooperation (FC) with emerging and developing countries. KfW冱 independent Financial Cooperation Evaluation unit analyzed the impact of 129 projects that received
FMO Issues Five-Year Sustainability Bond
Microfinance Focus Europe, 12 November 2013: On November 6, FMO placed its inaugural Sustainability Bond, a five-year 500 million euro RegS transaction. In a FMO press release, the Dutch development bank stated that this transaction, “verifies a commitment to environmental
KfW Signs First Development Loan with Indian Financial Sector
Microfinance Focus Europe, 9 November 2013: KfW Development Bank signed a $340 million agreement with the Industrial Development Bank of India (IDBI) on behalf of the Federal Ministry for Economic Cooperation and Development (BMZ). $300 million of the funds will
FMO Invests in Banco Agromercantil de Guatemala
Microfinance Focus Europe, 7 November 2013: FMO (the Netherlands Development Finance Company) arranged a $100 million senior unsecured facility for Banco Agromercantil de Guatemala (BAM) Guatemala冱 fourth largest bank. The transaction is the largest ever syndicated facility for a Guatemalan bank.
BIO, King Baudouin to Award ぎ25,000 for Corporate Governance
Microfinance Focus Europe, 6 November 2013: The Dutch Development Finance Company BIO has teamed up with Democratic Republic of Congo organization King Baudouin for the Corporate Governance Prize of 2013-2014. The prize, which is awarded once every two
GCAMF invests in Mec Fadec and RENACA
Microfinance Focus Europe, 5 November 2013: Luxembourg-based investor the Grameen Credit Agricole Microfinance Foundation (GCAMF) disbursed the first half of a 30-month loan worth ぎ152,000 to Senegalese MFI Mec Fadec. GCAMF also distributed the first part of a three-year loan worth