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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The OPEC Fund counts the number of projects it financed during 2023... “their value reached $1.7 bil

    Rocky
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    The OPEC Fund counts the number of projects it financed during 2023... “their value reached $1.7 bil Empty The OPEC Fund counts the number of projects it financed during 2023... “their value reached $1.7 bil

    Post by Rocky Sat 03 Feb 2024, 4:27 am

    The OPEC Fund counts the number of projects it financed during 2023... “their value reached $1.7 billion.”

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    Economy News - follow up
     
    The OPEC Fund for International Development (OPEC Fund) contributed to financing 55 development projects around the world with a value amounting to $1.7 billion during the past year 2023. These projects include several areas, including addressing the effects of climate change and energy transformation, supporting development, economic, social and climate resilience, creating job opportunities, and enhancing food security. and sustainable growth.
    The statement issued by the Fund indicated that the Fund increased its investments in supporting development, achieving a new record for financing development projects, amounting to $1.7 billion last year, and working to achieve the Fund’s goal for the year 2030, which is to allocate 40% of the total new funding for climate action. .
    Abdul Hamid Al Khalifa, Director General of the OPEC Fund, said, “The impact of the OPEC Fund increased in 2023 by providing development support in a global environment full of challenges.”
    Al-Khalifa pointed to the Fund’s success in developing the lending program in all fields in response to the strong demand from partner countries, the Fund’s success in raising additional funds from capital markets, and benefiting from the Fund’s partnerships with multilateral development banks and development finance institutions in mobilizing support for development.
    The statement revealed the distribution of the fund’s investments by 42% in Africa, by 20% in the Middle East and North Africa, Europe and Central Asia, Latin America and the Caribbean by 20%, and Asia, the Caribbean and the Pacific by 18%, through lending to the public and private sectors and financing trade. And grants.
    It is noteworthy that the OPEC Fund for International Development (OPEC Fund) is the only internationally authorized development institution that provides financing from member states to non-member states.
    The Fund was established by OPEC member countries in 1976 to advance development, support different societies and empower individuals.



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