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OFID Governing Board approves loans and grants to promote development at its 137th Session
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The Governing Board of the OPEC Fund for International Development (OFID), meeting in its 137th Session, has approved over US$160 million in new loans and grants to boost socio-economic development in partner countries. Of this amount, over US$87 million will benefit African countries; more than US$51 million will co-fund projects and programs in Asia; and, US$22 million will support public sector projects in Latin America.
OFID's support will help bolster a wide range of sectors - including energy, transportation, health, water supply and sanitation, as well as multi-sectoral schemes aimed at promoting rural development in under-served areas by building/rehabilitating vital social infrastructure and helping increase agricultural production.
| Region | Public sector projects | Amount (US$mil.) |
| AFRICA | ||
| Ethiopia | Gode - Kebridehar 132 kV Power Transmission. To expand the country’s national grid and provide electricity connection to 34 towns and villages. |
15.00 |
| Niger | Arlit - Assamaka Road. To construct a 223 km-long road to help reduce isolation of remote, rural communities and boost access to marketplaces and social services. |
10.00 |
| Papua New Guinea | Rural Primary Health Services Delivery. To construct, renovate and equip two community health posts and eight health facilities in each of 16 districts participating in the project. |
9.00 |
| Rwanda | Rubengera - Gasiza Road. To build a 23.6 km-long road in the Western Province, thus enhancing access to social services, marketplaces and agricultural production zones for some 1.8 million people. |
10.00 |
| The Sudan | Upper Atbara Dam Complex. To help improve agricultural productivity and power generation, as well as reduce pollution in Kasal State. Enhanced water supplies will benefit some 160,000 farmers who rely on irrigated agriculture. |
30.00 |
| Togo | Adagali - Atakpamé Road. To boost economic growth through the rehabilitation of an 80 km-long road that passes through important agricultural areas in the Plateaux Region, populated by around 1.3 million inhabitants. |
10.00 |
Total |
84.0 |
|
| ASIA | ||
| Bangladesh | Sikalbaha 225 MW Combined Cycle Power Plant Project. To improve access, reliability and quality of electrical power to households in the greater Chittagong area. |
30.00 |
| Nepal | Rural Connectivity and Community Development. To improve transport infrastructure that will boost connectivity and access to social services and jobs, benefiting around 1.5 million people. |
20.00 |
Total |
50.0 |
|
| LATIN AMERICA | ||
| Honduras | Southern Region Sustainable Rural Development. To support a rural poverty reduction program that will benefit some 40,000 families. |
10.00 |
| Nicaragua | National Program for Sustainable & Renewable Energy, 2nd Loan. To provide some two million Nicaraguans with connections to the country’s electricity distribution network. |
12.00 |
Total |
22.0 |
|
| Region | Grants | Amount (US$mil.) |
| AFRICA | ||
UNESCO: Comprehensive Education Sector Responses to
HIV/AIDS in West and Central Africa (14 countries) |
1.2 |
|
Hilfswerk Austria international: Expansion of Sustainable Crop Production and
Marketing - Senegal |
.420 |
|
IFAD:Rural Energy Program for Western and Central Africa |
.760 |
|
Solar Electric Light Fund: “OFID Village” in Benin |
.400 |
|
Renewable Energy & Energy Efficiency Partnership: Enhancing energy access for the poor through sustainable energy projects (Ethiopia and Tanzania) |
.336 |
|
Total |
3.10 |
|
| ASIA | ||
UNRWA: Reconstruction of Samakh School for Girls in
Nahr el-Bared Camp - Lebanon |
1.25 |
|
Renewable Energy & Energy Efficiency Partnership: Enhancing energy access for the poor through sustainable energy projects (Cambodia) |
.153 |
|
Total |
1.40 |