Instead of conjuring up mining related pollution problems (see also Postcard from Naryn, Kyrgyz Republic), the City of Naryn and multilateral lenders seem to be embracing the realities associated with dilapidated water and waste water treatment systems.
On June 13, 2013, the Financial Times and the International Finance Corporation (IFC) announced the winners of the 2013 FT/IFC Sustainable Finance Awards. These awards went to M-KOPA of Kenya winning the Award for Excellence in Sustainable Finance, Banco Santander taking the Sustainable Global Bank of the Year transaction prize, and Impax Asset Management of the UK recognized as Sustainable Investor of the Year.
As we were watching in awe how large container ships were guided through the Miraflores locks of the Panama Canal, I wondered if the tourists around us were aware of the on-going expansion of the Panama Canal, co-financed by IFC, ADC, IADB, EIB and JBIC, and the emerging $40 billion competition in Nicaragua.
Equator Banks have approved a major update to the Equator Principles, referred to as EPIII. It has extended its scope to project-related corporate loans and bridge loans. Shortlink: http://wp.me/p27qSt-xl Read the rest of this entry »