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THE 167TH SESSION OF OFID’S GOVERNING BOARD


OFID approves US$580m in development financing


OFID has approved US$580 million in new funding to benefit developing countries across the world. The 167th Session of OFID’s Governing Board approved the funding at the organization’s Vienna headquarters. Approved public sector loans, which total US$387 million, will support projects in Cuba, Egypt, Ghana, Liberia, Mozambique, Oman, Rwanda, Senegal, Sierra Leone and Surinam. Nearly US$200 million was approved under OFID’s private sector and trade finance facility.


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