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GOVERNING BOARD Turkey: US$45m India: US$30m Bangladesh: US$16.5m


THE OPEC FUND’S PRIVATE SECTOR AND TRADE FINANCE OPERATIONS APPROVED US$261.5M IN NEW FUNDING.


US$46.5 million will fund energy projects in Bangladesh (US$16.5 million) and India (US$30 million); US$50 million will support women-owned micro, small and medium-sized businesses and low and middle-income housing projects in Colombia. €40 million (circa US$45 million) will expand public transport in Turkey.


Under the OPEC Fund’s Trade Finance operations, two unfunded risk sharing programs totaling US$100 million were approved; and US$20 million was approved to support food commodity trade in Africa.


Maldives:


US$20m


Public Sector Investment Program (PSIP) Emergency Loan To support the government of the Maldives’ Economic Recovery Plan that includes a package of economic relief measures aimed at mitigating the socio-economic impact of the COVID-19 pandemic, especially in light of the anticipated downturn in tourism.


Tanzania:


US$50m


Tanzania Poverty Reduction Project IV To build infrastructure for education, health, water, agriculture and transportation, and implement income generation projects in animal husbandry and vegetable growing. The project will benefit around 930,000 people.


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