DEVELOPMENT NEWS
A US$100 million loan will support the Jordan Human Capital Program, which will assist the government’s policy and institutional efforts to improve the effectiveness of social sectors and promote resilience, including protecting households from climate shocks. Some of the program’s other actions include improving the management of the civil health insurance fund, enhancing access to healthcare in remote regions and expanding early childhood education options. Enhancing human capital in Jordan
Strengthening cooperation with the World Bank in climate action, food security and infrastructure T he OPEC Fund and the World Bank Group signed a Memorandum of
The agreements reinforce the institutions’ commitment to joint efforts in addressing the energy-food-water nexus, promoting climate- friendly investments and fostering regional cooperation and connectivity in an efficient and cost-effective way. The World Bank is the OPEC Fund’s largest co-financing partner.
Understanding and a Co-Financing Framework Agreement to enhance cooperation on key global development challenges and boost efficiencies in project implementation (see also page 52).
Increasing connectivity in Oman A US$180 million loan with Oman will be provided as a first tranche of a total approved loan of US$392 million in support of the Khasab-Daba-Lima Road Project. The road will improve connectivity in the Musandam Governorate by constructing a two-lane single carriageway asphalt road, spanning
Leveraging Tajikistan’s energy transition
A n initial US$25 million loan will support the construction of the Rogun hydropower plant (HPP), a key project of Tajikistan’s strategy for renewable energy development and energy security. The loan is the first tranche of a US$100 million OPEC Fund financing facility for the project, which is expected to have a transformative impact on the wider Central Asian region. The Rogun HPP is a hydropower complex designed as a multipurpose dam for generating electricity, regulating water and reducing the risk of floods and droughts. With a height of 335 meters, the dam will be the tallest in the world, and the HPP will have a total generation capacity of 3,780 MW.
In addition to meeting Tajikistan’s energy demand, the facility is also expected to generate electricity for export to neighboring countries, promoting the use of renewable and clean energy and reducing carbon emissions.
approximately 70 km, between the cities of Khasab, Daba and Lima, facilitating better access to markets and ensuring safer transport of goods and people.
The two-lane single carriageway will span approximately 70 km between three cities.
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