03 | THE OPEC FUND – PARTNERS MAKE A DIFFERENCE
PUBLIC SECTOR CO-FINANCIERS IN 2022 INCLUDED:
KOSOVO
• Africa Growing Together Fund (AGTF) • African Development Bank (AfDB) • Arab Bank for Economic Development in Africa (BADEA) • Asian Development Bank (ADB) • Asian Infrastructure Investment Bank (AIIB) • Banque Ouest Africaine de Développement (BOAD) • ECOWAS Bank for Investment and Development (EBID) • European Bank for Reconstruction and Development (EBRD) • Export-Import Bank of Korea (KEXIM) • Food and Agriculture Organization of the United Nations (FAO) • Global Environment Facility (GEF) • International Bank for Reconstruction and Development (IBRD) • International Development Association (IDA) • International Fund for Agricultural Development (IFAD) • Islamic Development Bank (IsDB) • Kuwait Fund for Arab Economic Development (KFAED)
A US$40 million loan provided by the OPEC Fund to the Republic of Kosovo will support policy reforms to strengthen economic growth. The program addresses bottlenecks that constrain economic growth and poverty alleviation and is aligned with the country’s National Development Strategy 2030. The World Bank is joining the effort with a ¤ 50.6 million (US$56.4 million-equivalent) implementation loan.
AFRICA
• Saemaul Globalization Foundation • Saudi Fund for Development (SFD) • Singapore Cooperation Enterprise (SCE)
The OPEC Fund is committing US$40 million in debt and equity to the Eastern and Southern African Trade & Development Bank (TDB) to further strengthen the partnership between the two institutions and unlock synergies in support of sustainable development in Africa. The OPEC Fund and TDB have been partners since 2009 and, among others, supported infrastructure projects.
PRIVATE SECTOR AND TRADE FINANCE CO-FINANCIERS IN 2022 INCLUDED:
• African Development Bank (AfDB) • Arab Bank for Economic Development in Africa (BADEA) • Bank of China, London branch • Banque Ouest Africaine de Développement (BOAD) • Coöperatieve Rabobank U.A. • Industrial and Commercial Bank of China, London Branch • International Finance Corporation (IFC) • International Islamic Trade Finance Corporation (ITFC) • Eastern and Southern African Trade and Development Bank (TDB) • MUFG Bank Ltd. • Natixis
UZBEKISTAN
The OPEC Fund is providing a US$75 million loan to enhance the living standards of the rural population in Uzbekistan through investments in key areas such as roads, water and energy. The project will also strengthen participatory local governance and community engagement. The OPEC Fund loan will complement financing by the Islamic Development Bank, the Saudi Fund for Development and the United Nations Development Programme.
• Société Générale S.A.Standard Chartered Bank • Union de Banques Arabes et Françaises (UBAF)
GRANT PARTNERS IN 2022 INCLUDED:
• Asian Development Bank (ADB) • CAF - Corporacion Andina de Fomento - Development Bank of Latin America • Fundación CODESPA • International Federation of the Red Cross and the Red Crescent (IFRC) • Sustainable Energy for All (SEforALL)
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