#OPEC Fund for International Development

OPEC FUnd, AFC sign $50m loan image Getty for illustrative purposes

OPEC Fund, Africa Finance Corporation sign $50m loan to finance infrastructure development

The loan doubles the OPEC Fund’s commitment to AFC following an initial $50m 10-year loan provided in January 2021

OPEC Fund for development raises $1bn thru debut SDG bond _ photo courtesy OPEC FUND

OPEC Fund’s debut SDG bond raises $1bn

The bond proceeds will be allocated according to the specific criteria defined in the SDG Bond Framework focusing on food security, healthcare, infrastructure, education, employment, and renewable energy

Paraguay

OPEC Fund signs off on $430m loan to Paraguay’s Banco Sudameris

Around 60 per cent of the loan will finance small and medium-sized enterprises, and the rest will support farmers and agribusinesses