‘Innovative financing channels necessary’ for B&R development

Leaders of banks and investment firms called for innovative financing mechanisms for the China-proposed “One Belt, One Road” (B&R) initiative during the Silk Road Forum, which ran from Monday to Tuesday.  There is a huge gap between the funding demand and the need for infrastructure, which requires the participation of different parties including the government, multilateral development banks, investment institutions and private funds, Ding Xuedong, chairman and CEO of China Investment Corp, told a session of the forum on Tuesday.

“Progressive development is a feasible way, which involves selling profitable [infrastructure] projects in order to invest in new ones,”

It is extremely important that thorough preparations are made for infrastructure projects, which should follow investment standards while fully taking into account different investment climates, Natalie Khanjenkova, managing director of Turkey and Central Asia of the European Bank for Reconstruction and Development, told the Global Times after the session.

Sourced from: www.ecns.cn

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EBRD plans 900-million-euro package for Turkey, Jordan

European Bank for Reconstruction and Development (EBRD) President Sir Suma Chakrabarti has announced plans for a financing package worth 900 million euros for Turkey and Jordan, two of the EBRD countries which have been most seriously affected by …

Sourced from: www.hurriyetdailynews.com

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AIIB to Provide Much Needed Asian Infrastructure Funding

Chinese President Xi Jinping has launched a new international development bank seen as a rival to the US-led World Bank at a lavish ceremony.

Sourced from: sourceable.net

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EBRD being hailed for geothermal project financing in Turkey

European Bank for Reconstruction and Development (EBRD) has been named the Global Multilateral of the Year in Project Finance International’s annual awards for

Sourced from: www.thinkgeoenergy.com

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Turkish gov’t commences prep work to launch Islamic banking coordination mechanism

Deputy Prime Minister Mehmet Şimşek has said preparatory work to launch a coordination mechanism for Islamic banking in Turkey have started, and the related circular note has recently been sent to the Prime Ministry…

Sourced from: www.hurriyetdailynews.com

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EBRD may allocate 100 mln euros to improve public transport in Ukraine| Ukrinform

KYIV, August 13 /Ukrinform/. The European Bank for Reconstruction and Development (EBRD) is considering the possibility to allocate 100 million euros to improve public transport in Ukraine.

Sourced from: www.ukrinform.ua

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Banks to lend USD 1B to Azerbaijan gas project to boost Europe’s energy security – Journal of Turkish Weekly

Banks are arranging USD 1B in financing for, a key offshore gas field project in Azerbaijan seen as crucial for Europe’s energy security, the European Bank for Reconstruction…

Sourced from: www.turkishweekly.net

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Turkey: EBRD finances large healthcare campus – VideoNewsUs

€1.1 billion ($1.23 billion) integrated health campus planned for the Turkish capital and central Anatolia ANKARA – The European Bank for Reconstruction and Development (EBRD) has announced it is to finance the construction of a major healthcare…

Sourced through Scoop.it from: news.videonews.us

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