NEW PROJECTS
NEW OPEC FUND DEVELOPMENT FUNDING By Nicholas K. Smith, OPEC Fund
BOARD APPROVALS
Côte d'Ivoire €70 million This loan will contribute
The OPEC Fund approved 15 operations totalling more than US$500 million at the latest meeting of the Governing Board in December and in the fourth quarter of 2022. The funding will support public and private sector projects promoting sustainable development. Bangladesh US$38 million
to the financing of the Economic and
Social Reform Support Program . The support will promote reforms aimed at providing access to basic social infrastructure for disadvantaged people.
This private sector loan supports the construction of a 584 MW power plant , creating more than
PHOTO: Mustapha GUNNOUNI/Shutterstock.com
Kyrgyz Republic US$15 million The loan to the
1,000 jobs and strengthening the country’s energy security. Benin US$14 million
Reconstruction of the Suusamyr-Talas-Taraz Road (Phase-IV) Project will support the reconstruction and upgrade of a 93 km section of the road corridor connecting the country with neighboring Kazakhstan to promote regional trade and tourism.
This supplementary loan will support the ongoing Agricultural Development and Market Access Support Project , which will benefit more than 255,000 people, including smallholder farmers. The project will boost producers’ income and strengthen food security and nutrition in rural areas.
Liberia US$10 million
Botswana US$20 million This loan will support a private sector institution to assist local micro, small and medium-sized enterprises , especially businesses owned by women.
This loan to the Special
Agro-Industrial Processing Zone Project will enhance food security and provide support to small and medium- sized enterprises.
PHOTO: Yaroslav Astakhov/Shutterstock.com
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