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On December 20, OPEC Fund for International Development (OFID) has approved more than $500m in new financing at the most recent meeting of its governing board and in the final quarter of 2022. The 15 new projects approved reflect OPEC Fund’s launch of a $1bn food security action plan and the adoption of its first dedicated climate action plan. The OPEC Fund Governing Board approved projects in the following countries: Niger, Bangladesh, Uzbekistan, Tanzania, Benin, Liberia, Cote d’Ivoire, Kyrgyzstan, Madagascar, Mauritania, Botswana.

OPEC Fund Approves Over $500m In New Global Development Support

On December 20, OPEC Fund for International Development (OFID) has approved more than $500m in new financing at the most recent meeting of its governing board and in the final quarter of 2022. The 15 new projects approved reflect OPEC Fund’s launch of a $1bn food security action plan and the adoption of its first dedicated climate action plan. The OPEC Fund Governing Board approved projects in the following countries: Niger, Bangladesh, Uzbekistan, Tanzania, Benin, Liberia, Cote d’Ivoire, Kyrgyzstan, Madagascar, Mauritania, Botswana.

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