December 17, 2024 10:12 AM

OPEC fund approves $1 billion in development financing for global projects

The OPEC Fund for International Development has approved nearly $1 billion in new development financing during the final quarter of 2024, with the latest round of approvals coming from its 190th Governing Board meeting held in Vienna. The financing package will support various development initiatives across Africa, Asia, Europe, and Latin America, focusing on infrastructure development, food security enhancement, renewable energy projects, and economic resilience strengthening. Twenty-two natio...