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DEVELOPMENT NEWS Bilateral and multilateral action from the OPEC Fund in the face of an unprecedented global challenge


COVID-19: A fast and flexible response


The OPEC Fund has approved a A US$10 million


s the COVID-19 pandemic has gathered pace, development actors across the world have worked hard to keep up. The OPEC Fund has joined global efforts to address the social, environmental and economic challenges the world is now facing, working as a member of the Arab Coordination


Group and with multilateral development banks, as well as with specialized agencies of the United Nations and the World Bank Group. As OPEC Fund Director-General Dr Abdulhamid Alkhalifa says:


“This is the time for the development community to come together to meet the urgent needs of developing countries. We need to be flexible and responsive to quickly changing circumstances and make sure assistance reaches those who need it most, and fast.” Here is a roundup of some of our action to date.


public sector loan to support Guatemala’s COVID-19 emergency response and public health strategy. The loan will enable the


Central American country to strengthen case detection, community health worker training, emergency care infrastructure and help with other essential COVID-19-related activities. The World Bank and the Guatemalan government are also supporting the project.


Three loans totaling US$45 million


approved by the OPEC Fund to support COVID-19 response efforts in Belarus, Belize and El Salvador.


OPEC Fund grants totaling US$1 million


were channeled through WHO to support the purchase and distribution of much needed consumables and equipment related to the health crisis in Ecuador and Venezuela.


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