LOAN SIGNING CEREMONIES


During the week in Washington DC, the OPEC Fund signed development loans totaling US$85m with four developing countries…


Dr Alkhalifa signed a loan agreement of US$10m to support agriculture and food security in Benin. The loan was signed with the Minister of Economy and Finance of Benin, Romuald Wadagni. Benin’s relationship with the OPEC Fund is “critical” to help reduce poverty and create opportunities for women and youth, said the minister.


The OPEC Fund’s DG Dr Alkhalifa signed two loans with Senegal’s Minister of Economy, Planning and Cooperation, Amadou Hott. US$10m will support agricultural and rural entrepreneurship and US$20m will support the development of agricultural production areas and help improve food security.


The OPEC Fund signed a loan of US$25m to support the development of transport infrastructure in Liberia. The loan was signed with the country’s Minister of Finance and Development Planning, Samuel Tweah.


AGREEMENTS SIGNED


An agreement was also signed between the OPEC Fund and Liberia that sets the framework for the commencement of private sector operations in the country. Pictured are the OPEC Fund’s Assistant Director-General, Private Sector and Trade Finance Operations, Tareq Alnassar, and Director Scherazade Deneuve Ikour.


The OPEC Fund signed a framework agreement with the World Bank Middle East and North Africa (MENA) to strengthen collaboration and enhance development


effectiveness across common MENA beneficiary countries. The aim is to further reduce poverty, boost prosperity and promote socioeconomic progress in the region.


Dr Alkhalifa signed a US$20m loan to support education in Sierra Leone. The loan was countersigned by the country’s Minister of Finance, Jacob Jusu Saffa.


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