The Export-Import Bank of Korea (Kexim) has agreed a 40-year, $100 million loan to the Philippines to finance the Panguil Bay Bridge project in Northern Mindanao. The...

Germany's KfW IPEX-Bank is providing loans of about €104 million to French energy provider Neoen. The money will support the execution of a project portfolio,...

Fitch yesterday joined Moody's and Standard & Poor's in cutting Noble to "junk" status, as the commodities trader battles for liquidity.

The Japanese ECA is expanding its cover in the UK with the Mitsui Sumitomo Insurance Company, its latest partnership with private sector insurers in Europe.

China has become the world leader in development finance. The China Development Bank and the Export-Import Bank of China had outstanding loans of about $684 billion to...

UK Export Finance (UKEF), the export credit agency, has made Gordon Welsh its new head of business group. He will lead the department's underwriting, product...

Dutch banks ING, ABN Amro and Rabobank are grabbing a bigger share of lending to commodity traders despite shaky markets. Providing loans to traders is considered less...

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) is set to invest in projects, particularly in infrastructure, in Indonesia. Solving...

Standard Chartered has made Francesco Miccoli the head of financial institutions, and Owen Davies head of implementation and client management at its Transaction...

The UK and Kenya have signed a memorandum of understanding (MoU) to increase cooperation on renewable energy. As part of the MoU, UK Export Finance affirmed its...

Export Development Canada, the country's export credit agency, has agreed a $300 million bilateral international loan to Ecopetrol, the Colombian state-controlled...

Jan-Maarten Mulder, head of commodities at ABN Amro Group, is leaving the Dutch bank to start his own venture capital fund. He joined in 2013 from trader Trafigura.

Insurer Coface in the UK and Ireland has hired John Nicholas as risk underwriting director. He replaces Grant Williams, who becomes political risk director.

The Russian Direct Investment Fund (RDIF) and the Vietnamese State Capital Investment Corporation (SCIC) have signed a memorandum of understanding (MoU) to establish a...

Guyana has become the 57th member of the Islamic Development Bank (IsDB). Membership will give Guyana access to loans at concessionary rates.

Jim Bell has joined London-headquartered global law firm Bird & Bird in the Aviation and Aerospace Group. He has experience in advising banks, export credit...

The lifting of Iranian sanctions following the country’s nuclear deal with the US heralded a wave of transactions and many predicted a gold rush.Global payment processor...

Petroleum Development Oman, who traditionally rely on state funding, has turned to commercial banks for finance in the wake of lower oil prices, as the oil company seeks...

The World Bank will bring in new bidding rules for infrastructure loans to stress the importance of the long-term effects of projects on the environment and people....

Former Bunge executive Pedro Parente has been named chief executive of Brazil's ailing state-run oil company Petrobras. Parente was also chief of staff of former...