Being based in the UK has its upsides. It is not as cold as Wisconsin (-26 F yesterday) and you can easily visit Chelsea’s Stamford Bridge (stadium). Reconnecting with colleagues and friends can be more tricky. Luckily, we could arrange to meet in Joburg.
While the economic recovery continues to be uneven, Prizma’s focus on collaborative opportunities involving projects in emerging markets continues to prove a profitable growth strategy. Access Prizma's Winter 2013 Newsletter here. (Shortlink: http://wp.me/p27qSt-C9)
On December 19, 2013, Prizma successfully delivered a 1-day course on the updated Equator Principles (EPIII) and IFC Performance Standards to about 40 representatives from DNB, Norway’s largest financial services group, and Export Credit Norway and GIEK, which are Norway’s export finance and guarantee agencies. - What are the challenges you face with the emergence of the updated Equator Principles III and elements you would have liked to hear about in a short course? (Shortlink: http://wp.me/p27qSt-BP)
Returning from a course on the Equator Principles (EP III) and IFC Performance Standards (IFC PS) in London, it is time to reflect on feedback provided by participants, and plan next event at TD Bank in Toronto on 29 Oct 2013. Shortlink: http://wp.me/p27qSt-Bl
While the application of Equator Principles and IFC Performance Standards for large capital developments in emerging markets is increasingly common, it is interesting to read that the same environmental and social benchmarks have also been applied in a US$ 20 billion limited recourse financing deal for the Ichthys LNG project in Australia, a High Income OECD Country. (Shortlink: http://wp.me/p27qSt-B0) Read the rest of this entry »
Goldwind USA announced that it closed financing for Phase I (55MW) of the Penonome Wind Farm in Panama, a project supported by Prizma. Once complete, the 220 MW project will be the largest wind energy project in Central America.(Shortlink: http://wp.me/p27qSt-AN) Read the rest of this entry »
Occasionally, I receive an email or call asking if and how the Equator Principles (EP) and its provisions related to IFC Performance Standards apply in certain ‘Western Jurisdictions’. This blog entry highlights previous guidance contained in EPII and how this has been simplified in the updated EPIII, but remains subject to change. (Shortlink: http://wp.me/p27qSt-At) Read the rest of this entry »
Driving in emerging markets requires courage. But it also provides endless stream of funny stories. Most pale when compared to traffic police stops as demonstrated by this example from the Kyrgyz Republic.