Greenhouse gas emissions from financing polluting industries are far higher than direct pollution from banks, according to the nonprofit. It is through their loan and investment portfolios that banks and asset managers make their greatest contribution to climate change. Greenhouse gas emissions associated with the investing, lending and underwriting activities of financial institutions are more […]
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has announced plans to provide $20 million to Nigerian off-grid electricity service provider, Daybreak Power Solutions, a subsidiary of Daystar Power. Group. IFC’s $20 million investment consists of a $10 million local currency loan from IFC’s account, in addition to another […]
He says he expects cash burn to remain at this level until the end of the current restrictions for hotel businesses, which are due to end no earlier than May 17. The group has signed commitments for £500m of new credit facilities, which include a £380m term loan facility and a £120m super senior revolving […]
The International Finance Corporation (IFC) plans to debt finance the construction of the 300 MW solar power project of Thar Surya 1 Pvt Ltd in Bikaner, Rajasthan to the tune of $50 million. In addition to the $50 million loan, IFC will also raise $100 million in debt through parallel lenders. According to IFC, the […]