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DEVELOPMENT NEWS
This latest funding supports food self-sufficiency, modernizing rural infrastructure and providing country-wide access to a clean water supply
OPEC Fund Director-General Dr. Abdulhamid Alkhalifa
CLEAN WATER AND SAFE ROADS IN DR CONGO
T
wo loans from the OPEC Fund totaling US$45 million will help
increase the supply of potable water and boost food security in the Democratic Republic of Congo (DR Congo). A US$30 million loan will support the
Ozone Water Supply Project to provide around 1.4 million people in western Kinshasa with clean drinking water. The project is expected to attract more investment into the area, create jobs and strengthen the local economy. The World Bank is a co-financier.
A US$15 million loan will finance the North Kivu Agriculture Sector Support Project to improve food security and incomes for more than 170,000 people. The OPEC Fund’s contribution will help rehabilitate more than 300 km of rural roads to open up access to marketplaces and reduce transport costs.
The International Fund for Agricultural Development is also financing the project.
OPEC Fund Director-General Dr. Abdulhamid Alkhalifa said: “This latest funding supports DR Congo’s development aspirations that include achieving food self-sufficiency, modernizing rural infrastructure and providing country-wide access to a clean water supply. All the work we are financing aligns with the Sustainable Development Goals. We look forward to working with our partners in the near future to finance other economic sectors deemed a priority by the government.” The DR Congo government is co- funding both projects. To date, the OPEC Fund has approved more than US$100 million in public sector lending to the country.
The two DR Congo loans are worth
US$45m
Ozone Water Supply Project to benefit
people North Kivu
1.4m
Agriculture Sector Support Project to improve:
300 km of roads 31
PHOTO: Alexandra Tyukavina/
Shutterstock.com
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