02 | OPERATIONS – DELIVERY BY SECTORS
As the second facility extended to Banco Sudameris, the loan has enabled the OPEC Fund to position itself as a lender of choice while also ensuring a smooth roll out. Having supported Paraguay’s development for over 40 years, the OPEC Fund has the advantage of in-depth knowledge and the ability to use best practices from similar partnerships in the
region. Given the importance of the agricultural sector for the economy, the loan was executed rapidly thanks to prior lessons learned. The loan agreement aligns with several UN global goals: SDG 1 - No Poverty, SDG 2 - Zero Hunger, SDG 8 - Decent Work and Economic Growth, and SDG 10 - Reduced Inequalities.
Seeing projects like this come to life is very rewarding. You see how the effort we put in on a daily basis changes the lives of the beneficiaries for the better. Our goal is to have a real impact, especially in the communities. Most agricultural end clients are located in rural areas, which tend to be harder to reach. There, we are really making a big difference.
ESTEBAN CHEDIAK, Investment Manager, Private Sector & Trade Finance Operations, OPEC Fund
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