April 16, 2026
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Tag : OPEC fund

Business

OPEC Fund commits $2bn to boost Africa’s development

omandailynews.com
VIENNA, December 25, 2025: The OPEC Fund for International Development announced a new co-financing commitment of up to US$2 billion with the African Development Fund (ADF) for the period 2026 to 2030, reaffirming its ongoing financial support for Africa’s economic and social development. The agreement was disclosed by OPEC Fund President Abdulhamid Alkhalifa......
News

OPEC Fund provides $50 million for African infrastructure

omandailynews.com
OPEC Fund for International Development (OPEC Fund) and Africa Finance Corporation (AFC) have signed a US$50 million loan agreement to finance infrastructure development across the continent. Through the 10-year loan, connectivity, transport, logistics, trade, and energy access will be improved across Africa. Following a US$50 million 10-year loan in January......
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OPEC fund loans $120 million to Panama to tackle climate change

omandailynews.com
To support Panama’s climate action, adaptation, resilience, and mitigation policies, the OPEC Fund is providing a $120 million loan. “Panama Support Programme for the National Climate Change Policy” aims to mitigate, contain, and reverse the effects of climate change, supporting Panama’s long-term climate change commitments. With an additional US$320 million......