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OPEC Fund

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    • OPEC Fund President Abdulhamid Alkhalifa, OPEC Fund Headquarters Vienna
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Source: OPEC Fund |

OPEC Fund for International Development (the OPEC Fund) first sustainability-linked financing to boost agriculture in Africa

The financing will enhance ETG’s working capital, strengthen food systems and support the livelihoods of more than 600,000 smallholder farmers across sub-Saharan Africa

The OPEC Fund for International Development (the OPEC Fund) (www.OPECFund.org) has signed a US$40 million loan as part of a US$394 million sustainability-linked loan for ETC Group (ETG), one of Africa’s largest agricultural commodity supply chain managers. The financing will enhance ETG’s working capital, strengthen food systems and support the…

OPEC Fund
Source: OPEC Fund |

OPEC Fund extends $50m for poverty reduction in Tanzania

The project will build rural infrastructure to boost economic opportunities and improve access to social services for more than 900,000 people

The OPEC Fund for International Development (the OPEC Fund) (https://OPECFund.org) has signed a US$50 million loan with Tanzania to finance the ‘Fourth Tanzania Poverty Reduction Project’.  The project will build rural infrastructure to boost economic opportunities and improve access to social services for more than 900,000 people. Although Tanzania has…