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19 Mar 2014 description

Vienna, Austria, March 18, 2014. Meeting in its 146th Session, the Governing Board of the OPEC Fund for International Development (OFID) has approved financing of nearly US$264 million to boost socio-economic development in over 30 partner countries. Of the new commitments, over US$193m will support 10 public sector loans and nine grants. The bulk of the public sector funding will co-finance agriculture, transportation, education, energy, health and water supply and sanitation projects.

17 Jun 2011 description

The Governing Board of the OPEC Fund for International Development (OFID), meeting in its 135th Session, has approved over US$56 million in loans and US$6 million in grants to address Africa’s needs. The funds will be allocated to the energy, transportation, agriculture, health and financial sectors.