THE OPEC FUND FOR INTERNATIONAL DEVELOPMENT
Annual Report 2020
Objectives
To build health posts, water and sanitation systems, strengthen the immunization supply chain and logistics, and provide medical supplies and equipment, benefitting circa 2.4 million people.
To support Guatemala's efforts to prevent, detect and respond to the threat posed by COVID-19 and strengthen national systems for public health preparedness.
For on-lending to enterprises – particularly those most affected by the pandemic.
To provide food and educational supplies to 20,000 low-income families; social assistance to around 55,000 households; and subsidized loans and loan guarantees to around 300 MSMEs.
To support the government’s Economic Recovery Plan that includes economic relief measures aimed at mitigating the socio-economic impact of the pandemic, especially in the tourism sector.
To provide financing to private sector companies and SMEs in the Maldives’ tourism and related services sector severely affected by COVID-19.
To support working capital and trade-related lending to Nicaraguan SMEs affected by COVID-19.
To provide cash assistance to 12 million families and daily wage workers in the industrial sector and purchase 8.2 million tons of wheat, as well as offer subsidies for agricultural businesses and SMEs and financing for industry and exporters.
To support SMEs in Paraguay via a financial institution as those SMEs address business interruptions and other challenges related to COVID-19.
To enable the restructuring of existing bank loans to tourism-related businesses through the National Bank of Rwanda, and provide lines of credit to large corporates, MSMEs, and savings and credit cooperatives.
For on-lending to infrastructure projects in African countries.
– In addition, the OPEC Fund channeled $1.5m in grants through the World Health Organization in 2020.
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