OFID signs loan agreements with four partner countries

HE Ramon Custodio Espinoza, Ambassador of Honduras to Germany andOFID Director-General Mr Suleiman J. Al-Herbish sign a loan agreement for a public transport project.

Vienna, Austria. On August 19, 2014, OFID Director-General, Mr Suleiman J. Al-Herbish, signed loan agreements totalling US$62 million with partner countries Bolivia, Burkina Faso, Honduras and Zambia. 

In Bolivia, a US$20 million loan will contribute to the improvement of the transport sector by expanding a heavily travelled corridor known as the Cochabamba Highway.

A US$24 million loan to Burkina Faso will co-finance the construction of the New Ouagadougou Donsin International Airport to increase the air transport capacity in the capital city. The agreement was co-signed by

In Honduras, a US$8 million loan will co-fund the Central District (Tegucigalpa Comayaguela) Public Transport Project, which will help to improve the transport system used by nearly one million people. 

A US$10 million loan extended to Zambia for the Three Technical Colleges Project will co-finance the construction of higher-education facilities in underserved areas.