OPEC Fund Quarterly - 2024 Q2

THE PRIVATE SECTOR

Behind the wheel: Over the past 25 years, the OPEC Fund’s private sector operations have supported over 70 countries worldwide across key development themes

Jordan Tafila Wind Power Plant

The OPEC Fund co-financed the construction of a 117 MW wind power plant and associated facilities on a build-own-operate basis. See pages 31-33

1

2

El Salvador Banco Promerica

Since 2014, the OPEC Fund has provided the bank with three loans totalling US$48 million, supporting job creation and

LAC

MULTI- REGIONAL

bolstering economic growth. See page 17

ASIA

AFRICA

2

Mauritania Banque Populaire de Mauritanie

Multiregional Supporting the Microfinance Enhancement Facility The OPEC Fund invested US$20 million in 2009, followed by an additional US$20 million in 2014. See page 23

Since 1999, the OPEC Fund has approved four credit lines to BPM for on-lending to SMEs, supporting the development of new businesses and helping to create over 25,000 permanent jobs. See page 27

Pan-Africa Export Trading Group (ETC Group) Since 2009, the OPEC Fund has provided several loans to ETC Group to support its working capital, capital expenditure and trade. See page 30

1 Trade 2 Financial Inclusion

16

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