World Bank to extend loans to Greek companies

Article originally published in Het Financieele Dagblad on September 7, 2015 by Gerben van der Marel. This is an abstract, full article available through the FD website.

The World Bank will offer more help to relatively wealthy countries going through a crisis, like Greece. Talks are underway with the Greek private sector regarding a ‘substantial’ package of investments, according to Frank Heemskerk, Executive Director at the development bank in Washington.

FotoBehind the scenes, the World Bank has been active in Greece for some time, says Heemskerk. ‘Many institutions don’t work. The country is corrupt. We have allowed that to happen in Europe. We have all looked the other way.’ The Greek crisis has a large impact in the region, he says. Countries like Bulgaria, where the World Bank has been a player for a long time, feel the pain.

Remainder in Dutch.

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IFC investment in Dutch Africa Improved Foods (Holding) (AIFH) in Rwanda

On July 7, 2015, the IFC and the AIFH have AIFHsigned an agreement for a $21.5 million loan and $4.5 million equity investment by IFC in AIFH. This loan comes with support from the Dutch-funded Global Agriculture Food Security Program (GAFSP), and is intended for the construction and operation of a 45,000 tons per year processing plant in Rwanda for fortified cereals to treat child malnutrition. Continue reading

eConsultant2:Doing Business in Kenya 2016 data collection for Starting a business

WBG is looking to hire a professional association, to act as a Consultant Organization to collect data on starting a business, registering property, and enforcing contracts indicators for the forthcoming Doing Business in Kenya study. In order to complete the data collection phase for this project, the Consultant Organization will supervise datData collectionsa collection for the three indicator areas. The Consultant Organization will identify questionnaire respondents, who are known practitioners in the areas benchmarked (e.g. lawyers, conveyancers, etc.).

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IFC investment in Dutch Afriflora

Earlier this year the IFC proposed, and theAfriflora Board of Directors approved, an investment in the Dutch Afriflora Group. The agreement was signed on April 13, and the investment made a month later, on May 13, 2015. The investment consists of an IFC and MCPP senior secured €90 million (US$112 million equivalent) loan.

Afriflora is a family-run manufacturer and marketer of cut-rose products based in Ethiopia. Continue reading

IFC and Dutch investment banks team up

Data released by the International Finance Corporation (IFC), the private sector arm of the World Bank Group, shows that Dutch investment bank FMO was the largest co-investor of the IFC in Fiscal Year 2014. Additionally, of the entire IFC portfolio, two of the five largest co-financiers were Dutch.

The IFC invests in private sector entities IFC and the Dutchthat are active in developing countries. However, as described in a previous blog post, the IFC’s share of the investment is typically no more than 25-35%. The remainder has to come from other investors. Continue reading

Tender: Uganda – Bushenyi-Sheema Water Supply and Sanitation Project

Tender posted on DevBusiness website (www.devbusiness.com). Log on to DevBusiness to review full tender.

Borrower/Bid No: NWSC/HQ/WORKS/2014-2015/160541

Country: Uganda

Deadline: September 22, 2015

National Water and Sewerage Corporation (NWSC) hereby invites sealed bids from eligible bidders for the Bushenyi-Sheema Water Supply and Sanitation Project – Phase 1: construction of the following works which are located in and around Sheema and Bushenyi Districts in the Western region of Uganda: Continue reading

Tender: Procurement of Medical goods in Uzbekistan

Please find full tender on the World Bank website (including specs of 7 lots).

Borrower/Bid No: HP/ICB/14/07

Country: Uzbekistan

Deadline: October 8, 2015

The Republic of Uzbekistan has received a credit fromthe InternationalDevelopment Association toward the cost of “Health System Improvement Project” and it intends to apply part of the proceeds of this credit to payments under the Contract for Procurement of instrument sets, diagnostic and ophthalmological goods forRMUs and urban polyclinics“. Continue reading

eConsultant2: GAFSP Rwanda Evaluation

IFC would like to invite firms meeting the following criteria to submit an expression of interest for this consultancy:

Experience with conducting rigorous impact evaluations in developing countries;
Experience in the agribusiness sector a strong plus. Continue reading

eConsultant2: Malawi GAFSP Evaluation – Survey Firm – DEADLINE AUGUST 13

IFC is looking to hire a survey firm to manage all aspects of a baseline household data collection, entry and management for a prospective, rigorous impact evaluation of two interventions: an outgrower scheme and employment of unskilled labor at a commercial farm. The purpose of the household surveys is to estimate the baseline wellbeing of smallholder farmers in the Salima province of Malawi, where the company operates. The baseline will be used to better understand the context of these farmers, and to measure the effects of their engagements with the company over time by comparing the results against a midline (September 2017) and an endline (September 2019) data collection. Continue reading