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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.

13 Dec 2012 description

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.