The OPEC Fund for International Development has approved $233 million of new funding for public-sector projects promoting sustainable development around the world.
Of the funding, the majority went to Uzbekistan in the form of a $100 million loan to help support the country’s transition to a market economy by improving resource allocation and enabling private-sector investment.
A $72 million loan went to Pakistan for the Mohmand Dam Multipurpose Project, which will finance the construction of a hydropower dam and the provision of equipment.
A $40 million loan for the Public Finances and Economic Growth Program will support the Kosovo’s government’s priorities aimed at strengthening partnerships, transitioning to a greener economy and improving socioeconomic indicators.
In Zimbabwe, a $15 million loan has been allotted for the Smallholder Agriculture Cluster Project, which aims to increase household incomes, and improve food security and nutrition of
