NEW PROJECTS
NEW OPEC FUND DEVELOPMENT FUNDING
BOARD APPROVALS
Colombia US$150 million This policy-based loan will support the promotion of sustainable and resilient growth by fostering the government’s capacity across three pillars: climate action, economic resources and energy transition. Actions include fostering green investment, implementing energy efficiency regulations and updating various national environmental and equality policies.
The OPEC Fund Governing Board approved 5 operations totalling more than US$300 million in its latest meeting on March 14, 2023. The funding will support public and private sector projects promoting sustainable development.
Armenia €50 million
Climate resilience and mitigation will be strengthened by improved environmental impact assessments and a series of reforms to energy efficiency and air quality standards – all made possible by this policy-based loan. The program will directly help the country achieve 9 of the 17 SDGs.
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AIR QUALITY INDEX (AQI) SCALE
PHOTO: Siberian Art/ Shutterstock.com
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