THE OPEC FUND TIMELINE
2014 • First solar energy project for a centralized grid signed – US$10 million loan for Falcon Ma’an solar power plant in Jordan • Grants totaling US$1 million to the Shell Foundation for clean cookstoves in Sub-Saharan Africa, Latin America and the Caribbean
2018 • Abdulhamid Alkhalifa succeeds Suleiman J. Al-Herbish as Director-General
2017 • US$17 million loan provided for Baynouna solar power plant in Jordan, the country’s largest green energy project at that time
• Signed a US$20 million loan to Maldives in support of the Outer
• Cooperation resumes with St. Vincent and the Grenadines with a US$18.52 million project rehabilitating more than 40 km of road
Islands Water Supply and Sewerage Facilities Project for 12,000 inhabitants
2015 • Young Professional Development Program (YPDP) begins • US$500,000 grant benefits a rural electrification solar mini-grid project in Guinea-Bissau 2016
2019 • Strategic Framework 2030 launched • A US$36 million public sector loan funds the transmission section of Temane, a major power plant project in Mozambique, while a later US$50 million private sector loan finances the facility itself
• In conjunction with the 40th anniversary commemorations, the Equal Dreams campaign highlights the plight of refugees: Four grants signed totaling more than US$2 million to international refugee organizations • OPEC Fund monument erected outside the United Nations Offices in Vienna
2020 • US$1 billion allocated to help COVID-19-affected communities across the world and provide businesses with access to finance
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