THE OPEC FUND TIMELINE
1999 • Private Sector Operations start with approval of US$2.5 million loan to Banque Populaire de Mauritanie
1996 • US$2.5 million loan committed to the Atoll Schools Upgrading and Expansion Project in the Maldives
1991 • US$10 million loan signed for Sudan’s Third Commodity Import Program to procure essential agricultural inputs • US$3.8 million loan committed for the Rural Roads Rehabilitation Project in Jamaica
2000 • Staff headcount reaches 100 2001 • US$8 million in loans committed to two major road rehabilitation projects in Tajikistan • HIV/AIDS account launched with an initial US$15 million allocation
1997 • Cooperation begins with Carter Center on Guinea Worm Eradication Program • The OPEC Fund joins the Heavily Indebted Poor Countries (HIPC) Debt Relief Initiative
1998 • The OPEC Fund website launched • Former US President Jimmy Carter visits Headquarters
2002 • Establishment of Special Account for Palestine 2003 • 1000th loan approved – US$6.6 million for a vocational training project in Namibia, the first operation in the country • Suleiman J. Al-Herbish
1994 • First loan to emerging Europe signed – US$4.96 million for the Durres General Hospital Project in Albania 1995 • US$6 million loan committed to the Rural Electrification Project in Burkina Faso
(right) succeeds Y. Seyyid Abdulai as Director- General • US$20 million allocated to rapid food delivery in response to famine in Sub-Saharan Africa
• US$4.3 million committed to the Bagre Dam Project in Burkina Faso together with World Bank, African Development Bank and other co-financers
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