The OPEC fund for
international development
  • Who We Are
    • At a Glance
    • Facts & Figures
    • Member Countries
    • The Organization
    • Partners
    • FAQs
  • What we offer
    • Overview
    • Public Sector Lending
    • Private Sector & Trade Finance
    • Grants
    • Special Initiatives
  • Focus Areas
    • Overview
    • Agriculture
    • Education
    • Energy
    • Financial
    • Health
    • Multisectoral
    • Transportation
    • Water & Sanitation
  • Operations
    • Procurement Notices
    • Search Operations
    • World Map
    • Countries A-Z
  • Investor Relations
    • Overview
    • Credit Fundamentals
    • Funding
    • Operations
    • Governance
    • Contact IR Team
  • Events
    • Development Forum 2025
    • SIDS Summit
    • Past Events
  • News
  • Contact Us
  • Media Center
  • Publications
The OPEC Fund
for International
Development
  1. Media Center
  2. Press releases
  3. 2015
  4. OFID concludes high-level mission to Lima, Peru: Director-General signs loan agreements with nine partner countries
October 12, 2015
Search

OFID concludes high-level mission to Lima, Peru: Director-General signs loan agreements with nine partner countries

Vienna, Austria October 12, 2015. A delegation from the OPEC Fund for International Development (OFID), headed by Director-General Suleiman J Al-Herbish, has concluded a high-level mission to Lima, Peru, to attend the 2015 Annual Meetings of the World Bank and the International Monetary Fund (IMF), as well as a number of other important meetings.

Highlights of the mission included the signing of public sector loan agreements, totalling nearly US$155m, with nine partner countries. The agreements were signed by Al-Herbish and the respective ministers of the recipient countries for the following projects/programs:

Burundi. US$10m. Rural Electrification Project in Kirundu Province.
Chad. US$6m. INSTA Expansion.
Haiti. US$20.4m. Peligre Hydroelectric Power Plant Rehabilitation, Phase II.
Lao PDR. US$15m. Vientiane Sustainable Urban Transport.
Niger. US$15m. Family Farming Development Program.
Paraguay. US$43.36m. South-West Integration Road Corridors Infrastructure.
Rwanda. US$15m. Nyagatare-Byumba-Base Road.
Togo. US$10m. OTI Plain Rural Development.
Zimbabwe. US$20m. First Education.

For more information, please refer to the country data on OFID’s website.

The OFID delegation also attended meetings of the G-24 Ministers, the Development Committee and the Deauville Partnership Finance Meeting of Ministers. The delegation also participated in the International Stakeholders Roundtable meeting for the MENA Region, co-chaired by Jim Yong Kim, World Bank President, and Ban Ki-moon, UN Secretary General. The meeting discussed the new engagement strategy and proposed financing mechanisms for the MENA Region, as well as the current refugee crisis. Furthermore, the delegation attended the Meeting of Arab Ministers with Yong Kim, during which ministers highlighted the current security situations in their countries, in particular Iraq, Lebanon, Libya, Palestine, Tunisia and Yemen.

Al-Herbish also had a side-meeting with HE Fausto Herrera, Minister of Finance of Ecuador, during which he briefed him on the recent development in OFID, in particular its new Corporate Plan 2016-2025. Herrera will become Chairman of the Ministerial Council in its 2016 Session.

Several bilateral meetings were also held to review the status of OFID’s cooperation with other international finance institutions and partner countries, and to identify potential private sector and trade finance transactions.

Share this
Scroll top
October 12, 2015

Search

Scroll top
Who We Are
  • At a Glance
  • Facts & Figures
  • Member Countries
  • The Organization
  • Partners
  • FAQs
What we offer
  • Overview
  • Public Sector Lending
  • Private Sector & Trade Finance
  • Grants
  • Special Initiatives
Operations
  • Procurement Notices
  • Search Operations
  • World Map
  • Countries A-Z
Investor Relations
  • Overview
  • Credit Fundamentals
  • Funding
  • Operations
  • Governance
  • Contact IR Team
Events
  • Development Forum 2025
  • SIDS Summit
  • Past Events
Procurement
  • Overview
  • Bidding
  • Supplier registration
  • Contact Procurement
Compliance Accountability & Integrity
  • Business Partner Code of Conduct
  • Personal Data Protection
  • Business Integrity Due Diligence
Administrative Tribunal
  • About the Tribunal
  • Judges
  • Executive Secretary
  • Contact the Tribunal
News
Career Opportunities
  • Vacancies
  • Young Professional Development Program
  • Internships
The OPEC Fund
for International
Development
Parkring 8
1010 Vienna
Austria
  • Copyright 2024 by the OPEC Fund
  • Fraud Alert
  • Personal Data Protection Disclaimer
  • Terms of use
  • Contact
  • Webmail

We use Cookies. Read our Terms