Biggest China Bank Abandons $3 Billion Zimbabwe Coal Plant
A crane unloads the first shipment of anthracite coal from U.S. supplier XCoal Energy & Resources LLC
(Bloomberg) China’s biggest bank dumped a plan to finance a $3 billion coal-fired power plant in Zimbabwe, dealing a blow to coal developers in Africa that see China as the last potential funder of their projects.
Industrial and Commercial Bank of China Ltd. (ICBC) told Go Clean ICBC, an ad hoc body representing 32 environmental groups, that it won’t fund the 2,800-megawatt Sengwa coal project in northern Zimbabwe, according to a June 18 email seen by Bloomberg. The message was sent to 350.org, one of the Go Clean groups. ICBC didn’t immediately respond to a request for comment.
Biggest Chinese bank ditches R43bn Zim coal power plant
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Biggest China bank abandons $3bn Zimbabwe coal plan
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Home » News » It is Time for Middle-Income Countries to Be Part of Debt Relief Initiatives for a Green and Inclusive Recovery: Alicia Bárcena Available in: EnglishEspañol
It is Time for Middle-Income Countries to Be Part of Debt Relief Initiatives for a Green and Inclusive Recovery: Alicia Bárcena ECLAC’s Executive Secretary participated in an international conference organized by the Heinrich Böll Stiftung, the Centre for Sustainable Finance at SOAS University of London, and the Boston University Global Development Policy Center.
28 June 2021|News
It is time for middle-income countries to be made part of debt relief initiatives for a green and inclusive recovery, Alicia Bárcena, Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), said today during an international conference entitled Debt Relief for a Green and Inclusive Recovery, organized by the Heinrich Böll Stiftung, the Centre for Sustainable Finance at SOAS