January 13, 2017/IMF The Executive Board of the International Monetary Fund (IMF) today approved a successor two-year arrangement for Poland under the Flexible Credit Line (FCL) with reduced access in an amount equivalent to SDR 6.5 billion (about €8.24 billion, or 159 percent of quota). The Polish authorities intend to […]

January 13, 2017/AfDB Bond-Terms-Summary Transaction Highlights: On Tuesday, December 6, 2016, the African Development Bank (AfDB) launched its inaugural Kangaroo Green Bond. This transaction follows successful outings in USD and SEK Benchmark formats. The 15-year maturity, maturing 15 December 2031, marks an extension of AfDB’s existing Kangaroo curve (June 2026) […]

January 13, 2017/AfDB The African Development Bank (AfDB), with support from the Climate Investment Funds (CIF), has awarded a contract to Swedish consulting firm CPMA International to help develop a global Adaptation Benefit Mechanism (ABM). The revolutionary ABM would serve as a business model to encourage private sector investment in […]