OPEC Fund Approves $890m For Global Projects
The OPEC Fund for International Development has approved $890 million in financing to support development projects across Africa, Asia, Latin America and the Caribbean, and Europe. This funding targets infrastructure, transport connectivity, food security, and climate resilience, while also strengthening private sector development and access to finance for smaller businesses.
The approved financing spans both public and private sector initiatives, focusing on improving essential services and supporting economic stability in partner countries. Projects include wastewater treatment in Azerbaijan, road rehabilitation in Liberia and Nicaragua, and harbour upgrades in the Maldives.
Eligibility
This funding is aimed at projects in various countries across Africa, Asia, Latin America, and Europe. Specific eligibility criteria for individual projects may vary.
Deadline: Ongoing
Benefits
Funding will support public infrastructure, policy programmes, and private sector operations, including financial inclusion initiatives.
