International finance institutions

The European Bank for Reconstruction and Development (EBRD) is providing a 500-million-euro financing to support the regions affected by last year's devastating earthquakes.

The agreement regarding the new financing was signed between the Treasury and Finance Ministry and the development bank.

The World Bank is planning to give Egypt more than $6 billion in financial assistance over the next three years to help it meet its development priorities, the Washington-based lender has announced 

"Over the coming three years, the World Bank Group intends to provide more than $6 billion of support to Egypt," the development lender said in a statement.

BELGRADE - The European Bank for Reconstruction and Development (EBRD) announced on Tuesday Serbian Railways Infrastructure was launching a comprehensive programme to improve its corporate governance and operational performance, supported by the EBRD and donors.

Central bank digital currencies (CBDCs) have the potential to replace cash, but adoption may take time, said Kristalina Georgieva, managing director of the International Monetary Fund.

"CBDCs can replace money that is expensive to circulate in island economies," she said Wednesday at the Singapore FinTech Festival event, CNBC reported.

The European Bank for Reconstruction and Development (EBRD) is providing a loan of $ 109 million to Türkiye's largest private lender İşbank for on-lending to businesses and individuals affected by the 6 February earthquakes that hit the country's south-eastern region.

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.

Discussions on the proposal to establish a Disaster Reconstruction Fund were held at the General Assembly of the Parliament and the proposal was enacted into law.

Alpha Bank raised 400 million euros on Wednesday through the issue of an Additional Tier 1 bond with a coupon of 11.875%, a rate lower than initial market estimates.

BELGRADE - Serbian Finance Minister Sinisa Mali and EBRD Director Rosmarie Schlup held an online meeting on Monday to discuss a joint investment into a Belgrade-Nis-Presevo railway line section and a project aimed at providing financial assistance to Serbia's national electric power company EPS.