OPERATIONAL HIGHLIGHTS
COUNTRY: China PROJECT: Hubei Vocational Education OPEC FUND FINANCING: $30m (Public Sector) CO-FINANCIER: Government of China TOTAL PROJECT COST: $37.6m
OBJECTIVES: To provide quality education through the expansion and renovation of the Xianning Vocational and Technical College. Works will include: – 70,000m 2 buildings constructed, including a multipurpose training center, dormitories and other academic facilities – 35,000m 2 facilities renovated / built, including four new classroom buildings and two dormitories – 15,500 students per year accommodated – 29,000 professionals and skilled laborers able to seek additional training
COUNTRY: Colombia BORROWER: Banco Davivienda OPEC FUND FINANCING: $50m (Private Sector) CO-FINANCIERS: IFC-arranged syndication
OBJECTIVES: To enable the bank to strengthen its capital base (New Tier 2) and sustain the growth of its lending portfolio to women-owned MSMEs, social housing, and green building projects. This is the OPEC Fund’s first private sector transaction in Colombia. The project will support low- income households’ access to mortgages and improve female entrepreneurs’ access to funding. It will also drive a counter-cyclical action, as many people are facing additional challenges from COVID-19.
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