NEW DEVELOPMENT FUNDING
BOARD APPROVALS
Mauritania US$10 million Support channeled through Banque Populaire de Mauritanie in the country will benefit small and medium-enterprises across a wide range of sectors in the country (see also pages 42-43).
The OPEC Fund Governing Board at its 180th session in late- June 2022 approved projects for a total of US$100 million benefiting the transport sector and small and medium-sized enterprises. The funding will support public and private sector projects promoting sustainable development. Mauritania US$40 million Support to a private sector institution in Mauritania will strengthen the resilience of the energy sector by enabling financing for the import, storage and sale of energy commodities into the country.
Paraguay US$50 million As part of the OPEC Fund’s Food Security Action Plan, small and medium-sized enterprises in the agribusiness and livestock sector in Paraguay will be strengthened with a loan to a private sector institution in the country, which will facilitate wider access to finance. Paraguay US$100 million Improving public spending, supporting sustainable growth and climate change resilience are some of the objectives that will be addressed through this policy-based loan.
Saint Vincent and the Grenadines US$30 million The Strengthening Health System Resilience Project will include the construction of a 134-bed hospital as well as a series of capacity building activities that will strengthen the resilience of the country’s health sector to climate change and other crises.
Senegal €62.50 million A 200-kilometer roadway will be constructed linking the capital city of Dakar with the northern coastal city of Saint Louis. The roadway will enable the development of the energy, tourism, agriculture and mining sectors in the project area.
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