The International Monetary Fund (IMF) on Friday said it has reached an agreement with Sri Lanka to extend a $1.5 billion-loan facility for an extra year, a move some analysts say could allow the government to boost spending ahead of key elections.
The Iranian government has been allowed to get up to $30 billion in finance from foreign lenders for infrastructure projects, a spokesman for the Parliament’s ad-hoc budget review committee said on Tuesday.
Tanzania’s second-biggest donor Denmark said it would withhold $10 million worth of aid money, citing concerns over human rights abuses and “unacceptable homophobic comments” made by a government official.
The Asian Development Bank's (ADB) Board of Directors has approved a $500 million loan to develop a state-of-the-art 800 megawatt (MW) power plant in Khulna, Bangladesh, along with associated connections to natural gas and power transmission facilities.
China signed an agreement with Iran to provide a credit line of $10 billion for its infrastructure projects – what is seen as the biggest economic deal between the two countries after the removal of sanctions against the Islamic Republic in 2016.