Bank at the center of US inquiry projects Russian ‘soft power’

  Grigory Dukor | Reuters Sergei Gorkov, Chairman of State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)”, speaks with participants during the St. Petersburg International Economic Forum (SPIEF), Russia, June 2, 2017. It has offices in a sleek Manhattan skyscraper. Its bonds are accessible to millions of American investors. And it holds ties to some of New York’s biggest banks. Despite this presence on Wall Street, detailed in previously unreported financial records, Vnesheconombank, or VEB, is no normal bank. It is wholly owned by the Russian state. It…

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Abu Dhabi Fund for Development finances 31 projects in Jordan worth Dh5.7b

In a report issued by ADFD to mark Jordan’s 71st Independence Day, the Abu Dhabi Fund for Development announced that by end-2016, it provided financing for 31 development projects with a cumulative value of Dh5.7 billion through government grants and concessionary loans. The projects covered several sectors, namely mining, water and irrigation, transport, housing, agriculture, energy, education and health care. Their constructive cooperation aims to achieve sustainable development goals in vital economic sectors that benefit the Jordanian population. ADFD manages the $1.25 billion (Dh4.6 billion) UAE government contribution to the…

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International projects category: award winner and runners up

This year’s winner, King’s College London’s Sierra Leone Partnership, developed a strategy that helped save lives in the Ebola outbreak in Sierra Leone Connaught Hospital staff and the King’s Sierra Leone Partnership team work through the night to transform part of the outpatients department into a 16-bed isolation unit. Photograph: Joanna Dunlop/KSLP Winner: King’s College London King’s Sierra Leone Partnership (KSLP) has played a vital role in the Ebola response in Sierra Leone. The partnership has delivered projects to strengthen training, clinical services and policy in Sierra Leone. The work…

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