THE OPEC FUND FOR INTERNATIONAL DEVELOPMENT
Annual Report 2020
$ 10 m We signed our first private sector agreement in Turkmenistan: Turkmenistan (SBFEAT) to help the bank provide better support to SMEs. term loan in favor of the State Bank for Foreign Economic Affairs of
We signed a new agreement with the Arab Bank for Economic Development in Africa (BADEA) to strengthen cooperation in common partner countries.
We presented EarthSpark Inter- national, a non-profit organization committed to expanding access to electricity in Haiti, with the 2020 OPEC Fund Annual Award for Development. (see pages 36–39)
We signed an enhanced Memo- randum of Understanding with the European Bank for Recon- struction and Development (EBRD) to support increased development cooperation.
We signed a framework agreement with the West African Development Bank (BOAD) to strengthen development cooperation in the member countries of the Western African Economic and Monetary Union.
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