OPEC Fund and CABEI strengthen partnership with US$750,000 contribution to Climate Fund

The OPEC Fund is contributing US$750,000 to CABEI’s Climate Fund, supporting efforts to expand access to climate finance and strengthen resilience across Central America and the Caribbean. The Climate Fund provides concessional resources for projects that promote sustainable infrastructure, clean energy and environmental protection.

OPEC Fund President Abdulhamid Alkhalifa met with Gisela Sánchez, Executive President of the Central American Bank for Economic Integration (CABEI), on the sidelines of the 2025 World Bank and IMF Annual Meetings to sign the Financial Contribution Agreement.

President Alkhalifa said: “The OPEC Fund and CABEI have enjoyed more than four decades of close cooperation. This new initiative reinforces our shared ambition to scale up climate finance and support the region’s transition toward low-carbon, inclusive growth.”

The partnership between the OPEC Fund and CABEI dates back to 1979, with 14 public sector operations jointly financed for a total of more than US$430 million across energy, transport, banking and agriculture. The institutions are continuing to explore new opportunities for collaboration in Colombia, the Dominican Republic and Panama, advancing shared goals for climate action and sustainable development in Latin America.