Multilateral development banks

The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to $90 million to the Turkish private lender Akbank as part of its Türkiye Disaster Response Framework (DRF), launched in the aftermath of the devastating earthquakes that hit the country's southeastern cities.

After a delay of over four years, the European Investment Bank (EIB) has given the final stamp of approval for an up to €250 million loan for the Koper-Divača rail project, slated for completion at the end of 2025.

The Asian Infrastructure Investment Bank "serves China's interest" and Beijing wields "undue" influence over what is supposed to be a multilateral organisation, a former executive told AFP yesterday after resigning.

In the wake of his resignation, Canada's Finance Minister Chrystia Freeland announced Ottawa would "immediately halt all government-led activity at the Bank".

BELGRADE - Serbian PM Ana Brnabic met with Asian Infrastructure Investment Bank (AIIB) President Jin Liqun and Vice President Konstantin Limitovskiy on Wednesday to discuss projects for future cooperation ranging from digitalisation and science to energy, infrastructure and environmental protection.

American business magnate Warren Buffett predicts new bankruptcies of American banks. Economists at the International Monetary Fund (IMF) speak of superficial stability with turmoil already manifesting below the surface.

The Asian Infrastructure Investment Bank (AIIB) has signed a 140-million-euro loan with Fraport TAV Antalya Yatırım, Yapım ve İşletme (FTA) for the expansion and modernization of Antalya's Airport to improve airport service and the availability of travel options.

The World Bank's ongoing reform could result in a $50 billion lending boost over the next decade, US Treasury Secretary Janet Yellen has told AFP ahead of stakeholders' meetings this week where key changes are expected to be announced.

BELGRADE - The Serbian government and the European Investment Bank (EIB) signed on Thursday an agreement on a 175 mln euro grant for the construction of a Belgrade-Nis high-speed rail line.

The amount is the second tranche of a 600 mln euro EU grant for the project.

This was then followed on February 25 by some ominous-sounding comments from Orban's chief of staff, Gergely Gulyas, who in response to journalist enquiries about the viability of the IIB admitted that "it's in an extremely difficult situation [and] I don't know if it's possible to save the bank."

The European Bank for Reconstruction and Development on Thursday announced it would invest up to 1.5 billion euros ($1.6 billion) in Turkey's earthquake-hit region over the next two years.