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THE 171ST SESSION OF THE OPEC FUND’ S GOVERNING BOARD


US$1bn


COVID-19 package


The OPEC Fund's Governing Board has dedicated US$1 billion to fund COVID-19 impact and recovery efforts in developing countries. The allocation will be deployed in the form of OPEC Fund public, private and trade finance loans. Please see the Comment section of this magazine for more information (pages 4–5).


The OPEC Fund approves US$392m in development financing


At the 171st Session of the OPEC Fund’s Governing Board (held virtually), US$392 million in fresh funding was approved to help boost socio-economic development and improve living conditions in developing countries across the world (as illustrated by the map overleaf).


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