Vienna, Austria, February 6, 2015. The OPEC Fund for International Development (OFID) has signed new loan agreements totaling over US$140 million to help boost socio-economic development in six partner countries. The agreements were signed by OFID Director-General Mr Suleiman J Al-Herbish and various ministers and other high-ranking officials of the beneficiary countries.
The bulk of the funding will help fund water-related projects aimed at helping strengthen the agriculture and water supply and sanitation sectors in the beneficiary countries.
Vienna, Austria, February 6, 2015. The OPEC Fund for International Development (OFID) has signed a US$400,000 grant agreement with Cuba to support Cuban medical brigades deployed for Ebola treatment/containment missions in Sierra Leone, Liberia and Guinea.
The agreement was signed by OFID Director-General, Mr Suleiman J Al-Herbish and HE Ileana Núñez Mordoche, Deputy Minister of Foreign Trade and Investment of Cuba.
Vienna, Austria, December 16, 2014. Over 20 partner countries stand to benefit from the latest round of financing approved at the 149th Session of the Governing Board of the OPEC Fund for International Development (OFID).
Public sector approvals amounting to nearly US$260m will support the following projects:
Vienna, Austria, August 4, 2014. The OPEC Fund for International Development (OFID) has approved an emergency assistance grant of US$500,000 to support the activities of the World Health Organization (WHO) in stopping the spread of the deadly Ebola virus which has claimed hundreds of lives in West Africa. The grant has been extended as a result of discussions between the Director General of OFID, Mr Suleiman J. Al-Herbish and the Special Representative of the UN Secretary General, Dr Kandeh Yumkella.
Funds to benefit over 30 countries worldwide