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Asharq Al-Awsat
Asharq Al-Awsat
Business
Dubai - Asharq Al-Awsat

RARE PHOTOS: Opec fund provides 1 5 bn in new development financing - The Real Truth

Fund OPEC
The OPEC Fund for International Development allocated $496 million of committed amounts for the financial sector, traditionally used for on-lending to MSMEs or women-led businesses.

The OPEC Fund for International Development committed $1.5 billion to global development last year, focused on helping its partner countries to increase economic resilience strengthen economic growth and job creation through support for micro, small and medium-sized enterprises (MSMEs).

The OPEC Fund, which marked its 46th anniversary on 28 January, provided much-needed funding for infrastructure investments and responded to the COVID-19 pandemic with the full deployment of its $1 billion facility.

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