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June 28, 2017, Vienna, Austria. The OPEC Fund for International Development (OFID) has signed a US$50m loan agreement with Pakistan to support the wide-ranging Federally Administered Tribal Areas (FATA) Reconstruction and Rehabilitation Program. The program aims at lifting socio-economic constraints in a region of some 4.6 million people that has witnessed years of regional instability resulting in high numbers of internally displaced people who have lost their livelihood and homes.
Vienna, Austria, December 11, 2015. Over 24 partner countries stand to benefit from the latest round of financing approved at the 153rd Session of the Governing Board of the OPEC Fund for International Development (OFID).
Public sector approvals amount to nearly US$154m and comprise the following: See complete table
Grant funding totaling US$3.36m was also approved for the following projects/programs:
Vienna, Austria, June 17, 2013. The Governing Board of the OPEC Fund for International Development (OFID), meeting in its 143rd Session on June 13, has approved 17 loans and grants totaling over US$234 million to boost socio-economic development in over 44 partner countries. The majority of the public sector funding will co-finance transportation, energy and water supply and sanitation projects.
The approved public sector loans are as follows:
Vienna, Austria, December 12, 2012. The Governing Board of the OPEC Fund for International Development (OFID), meeting in its 141st Session, has approved 22 loans and grants totaling nearly US$300 million to boost socio-economic development in 23 partner countries. The bulk of the public sector loans will co-finance projects aimed at enhancing the transportation and energy sectors of the recipient countries, as well as the agriculture, education and health sectors.
The OPEC Fund for International Development (OFID) has approved an emergency grant of US$500,000 to help the people of Pakistan face the humanitarian crisis caused by the heavy rainfall and flooding that started on July 21, 2010.
The heavy rainfall that hit the country's northwestern provinces has left over a thousand dead and at least 2.5 million badly affected.
July 23, 2007, Vienna, Austria - The OPEC Fund for International Development (OFID) has approved a grant of US$1 million to provide essential relief supplies and support emergency operation for victims of a spate of natural disasters in South Asia.
October 12, 2005, Vienna, Austria - The OPEC Fund for International Development has extended a grant of US$1 million to provide relief supplies for victims of the earthquake that hit South Asia on October 8. Measuring 7.6 on the Richter Scale, the quake has claimed more than 21,000 lives and injured over 42,000 people in Pakistan, India and Afghanistan.
The earthquake's epicenter was located 95 km northeast of the Pakistan capital Islamabad. It is considered to be the most severe quake to strike the area in a century.
Vienna, Austria, January 18, 2001
The OPEC Fund for International Development today approved a humanitarian grant of US$200,000 towards the provision of relief supplies for Afghan refugees in Pakistan, who have fled their strife-torn homeland and are in urgent need of shelter, food and clothing.