Posts Tagged ‘bangladesh’

Microfinance Focus, Dec. 11, 2009: Citibank, NA, in Bangladesh has said that it will raise $29 million syndicated facility to provide loans to small and medium enterprises in the country. This local currency facility will be given to BURO, a leading microfinance institution and SME financing NGO (non-government organisation) in Bangladesh. The facility will be utilised by BURO to provide credit at a reasonable rate to SMEs ... Full story

By Naagesh, N. Microfinance Focus, Sept. 17, 2009: At its board meeting in Rome, the International Fund for Agricultural Development (IFAD) has approved $161.56 million in loans and $56.26 million in grants for projects helping smallholder farmers adapt to a changing climate and contributing to reductions in greenhouse gas emissions. Full story

Microfinance Focus August 31, 2009: Grameen Foundation on Monday announced it has facilitated the first privately placed corporate note issued by the Center for Agricultural and Rural Development, Inc. (CARD) of the Philippines. The $10.4 million transaction, which was supported by a $5 million guarantee from Grameen Foundation’s Growth Guarantee program and related advisory support, was oversubscribed by six local Filipino institutional investors: Security Bank Corporation, ... Full story

Microfinance Focus, July 27, 2009: The World Bank has debarred two Bangladesh NGOs -- Organization of Rural Economic Development & Rehabilitation (OREDAR) and Poverty Alleviation and Rural Development Organization (PARDO) -- for fraud in a world Bank-financed project, following probe by its Integrity Vice Presidency (INT), said the bank in a release on Monday. Rezaul Karim, former ... Full story

MicrofinanceFocus, July 24, 2009: Asian Development Bank (ADB) is likely to increase its annual aid to Bangladesh to an average of $800 million a year in the next three years, up from $600 million a year during 2006-2008, said ADB President Haruhiko Kuroda who is on a two-day visit to Bangladesh. Full story

MicrofinanceFocus, July 23, 2009: BRAC, a non-profit organisation, is leading a $15 million initiative to rebuild war-torn communities in Sierra Leone and Liberiaon on a long-term sustainable strategy, including microfinance, with support from the Soros Economic Development Fund, Open Society Initiative for West Africa, Omidyar Network and Humanity United, said a statement on Wednesday. The two-year pilot program is being funded through a combination of grants and equity. BRAC is also negotiating to raise additional debt capital to finance the loan portfolio. Full story