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people will benefit from


people will benefit fr


2.7m2.7m MOVING T & project will refurbish a


part of the National R egion of c


links betw o-financ onomic c


and social amenities for around 2.7 million people.


PRIORITY


PEOPLE GOODS


he ‘Rehabilitation of the Sevaré – Gao Road (Sevaré – Boré Section)’


111 km stretch of road that comprises part of the National Road 16 in the Mopti region of central Mali. The project is being co-financed by the OPEC Fund and will improve the OPEC Fund and will improve links between economic centers and social amenities for around 2.7 million people


he ‘Rehabilitation of the Sevaré – oad (Sevaré – Boré Section)’ efurbish a


providing road lighting at village crossings and potable water wells, as well as the rehabilitation of rural access roads. Opening up access and ts will support k


ells,


as well as the rehabilitation of rur ac ess roads. Opening up ac


economic sectors that include agricul- ture, fishing and small busines


Arab Bank for Economic Development in Africa and the go ernment of Mali are co-financing the project.


ture, fishing and small business. The or E


in Africa and the government of Mali are co-financing the project.


reducing travel costs will support key ors that include agricul- he


elopment


The project’s ancillary works include providing road lighting at village


financ private sect PRIORITY PROJECT JECT


OPEC Fund Director-General Dr Abdulhamid Alkhalifa said: “The OPEC Fund ery pleased to support this development pro ect, which is accorded high priority by the government of Mali. The r


OPEC Fund Director-General Dr Abdulhamid Alkhalifa said: “The OPEC Fund is very pleased t


oject, which is acj ernment of Mali. The rehabilitated road will f


further integration among various regions and increase trade, directly supporting Sus


directly supporting Sustainable Development Goals 8 and try


elopment Goals 8 and


9 on decent work and economic growth, and industry, tion and infras


innovation and infrastructure, respectively.” oad will facilitate improved links impr


between economic centers and social amenities


between economic centers and social amenities


IN MALI


Fund has appr million f


Mali, much of which has support transport and agriculture sectors. The partnership between the OPEC Fund and Mali dates back to the institution’s es


and Mali dates back to the institution’ establishment in 1976, with approvals spanning all of the OPEC Fund’s finance windows – public sector, private sector and grants.


6, with appr


Including the present loan, the OPEC Fund has approved more than US$285 million for development operations in Mali, much of which has supported the ansport and agricultur partnership betw


e than US$285 elopment operations in


26 26


PHOTO: ymphotos/


os/Shutterstock.com


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