THE 169TH SESSION OF THE OPEC FUND’ S GOVERNING BOARD
The OPEC Fund approves US$318m in development financing
At the 169th Session of the OPEC Fund’s Governing Board meeting in Jeddah, Saudi Arabia, US$318 million in fresh funding was approved to help boost socioeconomic development and improve living conditions in developing countries across the globe (as illustrated by the map).
Burkina Faso:
US$20m
Agricultural Value Chain Support Project (PAPFA) To enhance food security in regions severely affected by recurrent food crises in the southern and western parts of the country. The project will provide farmers with inputs, equipment and technical assistance, develop cropland and upgrade rural infrastructure, improving living conditions for around 342,000 people.
Benin:
US$10m
Agricultural Development & Market Access Support Project (PADAAM) To boost the food security, nutrition and incomes of smallholder farmers and their families, especially women and youth, in seven administrative regions in the south. The project is expected to benefit around 255,000 people.
Tanzania: The OPEC Fund's Governing Board in Jeddah, Saudi Arabia.
US$26m 56
Kazilambwa – Chagu Road Upgrading Works on this 36 km stretch will help ease transport constraints in the Tabora and Kigoma regions in the central and western parts of the country. This will help boost agricultural and tourism activities, and facilitate trade with neighboring Burundi and DR Congo.
PHOTO: OPEC Fund
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