OFID DIARY OCTOBER – DECEMBER 2018
OCTOBER 9
International Federation of Red Cross and Red Crescent Societies (IFRC). US$400,000. To support relief efforts to victims of an earthquake and tsunami that struck Sulawesi Island, Indonesia, weeks after a series of earthquakes hit the island of Lombok.
International Committee of the Red Cross (ICRC). US$600,000. To purchase and distribute food for around 40,000 people as part of ongoing aid operations in Yemen.
NOVEMBER 14
TRADE FINANCE AGREEMENT SIGNED Natixis. US$50 million. Under this agreement, OFID guarantees trade finance instruments issued by banks in developing countries to support the trade transactions of local businesses and corporations. The agreement focuses in particular on African countries.
30
Islamic Trade Finance Corporation (ITFC). US$50 million. To support Egypt’s purchase of crude oil, petroleum products and liquefied natural gas via a mudaraba (participation) agreement.
50
DECEMBER 12
165TH SESSION OF THE GOVERNING BOARD
PUBLIC SECTOR LOANS APPROVED Argentina. US$60 million. Córdoba Sanitation System Development Project. To improve health and living conditions for around 418,000 people in four towns in the Córdoba Province by building new sanitation systems. The project will also reduce environmental pollution and help boost key economic activities such as agriculture and tourism.
China. US$50 million. Hezhou Healthcare. To construct a medical and care center for the elderly in the Guangxi Zhuang Autonomous Region in southern China. The 900-bed facility has the capacity for 50,000 patients per year.
Egypt. US$14 million. Port Said Grain Storage Facilities. To boost food security and reduce losses by building and equipping two new storage facilities that will increase capacity by 1.5 to 2 million tons of wheat grain each year.
Ethiopia. US$22 million. Dilla-Bulle-Haro Wachu Road Upgrading. To improve a 68 km road that will help enhance economic development in a region where agriculture is a primary source of income. At least 730,000 people will benefit from improved access to social services and marketplaces.
Guinea. US$25 million. Family Farming, Resilience and Markets in Upper Middle Guinea Program (AgriFARM). To help alleviate poverty and enhance food security by upgrading infrastructure that will assist farmers in adopting more efficient technologies. The project is expected to benefit around 455,000 people.
Malawi. US$15 million. Shire Valley Transformation Project (SVTP-I). To provide access to irrigation and drainage services, help secure land tenure, and strengthen wetlands management to increase agricultural productivity and commercialization for about 56,000 smallholder families.
Senegal. US$20 million. Support to the Development of Agricultural Production Areas (PDZP/PNDL). To raise yields, reduce post-harvest losses and facilitate farmers’ access to inputs by developing agricultural value chains and capacity building. Also planned is the upgrading of 550 km of rural access roads, to benefit around 600,000 people.
Tajikistan. US$10 million. Improvement of Water Resources Management in Khatlon Region. To enhance the health and living conditions of approximately 115,000 farmers and their families by building / improving water and sanitation systems and modernizing irrigation systems and land reclamation activities.
GRANTS APPROVED Humanity and Inclusion. US$900,000. To provide children with disabilities from conflict-affected communities in Palestine with access to a high quality, needs-focused
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