Vienna, Austria, December 12, 2018. OFID – the OPEC Fund for International Development – has approved more than US$328 million of new funding to benefit developing countries across the globe. The 165th Session of OFID’s Governing Board approved the funding at the organization’s Vienna
The public sector loans, which total US$216 million, will support the following projects.
Syria: Fierce fighting between opposition groups has led to further displacement in Deir-ez-Zor while a truce between the Government and the opposition is expected to see the Old City of Homs handed over to the Government after its recent campaign to retake it.
Syria: Violence continues with government forces shelling areas recently gained by opposition fighters in Lattakia province, along the western Turkish border. In the northeast, aid convoys have crossed from Turkey, enabling relief agencies to deliver assistance to communities in need at the border area. In a further political development, the Turkish government stated its readiness to launch cross-border military operations in Syria if its national security was threatened.
Syria: Violence is ongoing across the country, with rebel infighting in the northwest and renewed clashes in parts of Damascus. While several military ceasefires have allowed some access in besieged areas, insecurity continues to interrupt aid distribution, and access remains highly constrained from Damascus to Rural Aleppo, where 1.25 million people are estimated to be in need of food assistance. To date, over 9 million people have been displaced by the crisis, 2.5 million of whom have crossed into neighbouring countries.