THE OPEC FUND FOR INTERNATIONAL DEVELOPMENT
Annual Report 2020
COUNTRY: Dominica PROJECT: COVID-19 Emergency Response Public Health Services Program OPEC FUND FINANCING: $10m (Public Sector)
OBJECTIVES: To support COVID-19 containment and treatment meas- ures and the expansion of nationwide quarantine services. This will require the purchase of medical supplies and equipment, and salaries for medical personnel.
CO-FINANCIERS*: World Bank TOTAL PROJECT COST: $30m
COUNTRY: Ghana BORROWER: Ghana Cocoa Board (Cocobod) OPEC FUND FINANCING: $45m (Trade Finance)
OBJECTIVES: The OPEC Fund participated in a $1.3bn syndicated pre-export finance facility for Cocobod, for the purchase of cocoa beans from the 2020/21 harvest. Cocoa is one of the largest foreign exchange earners for Ghana and the cocoa industry is a major source of employment, with around 800,000 families active in cocoa farming. Coco- bod’s functions range from providing quality control to the industry, to making seeds and pesticides available and marketing cocoa beans and cocoa products.
* in addition to recipient country government and beneficiaries
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