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 (current)
  • Contact Us
  • Media Center
  • Publications
The OPEC Fund
for International
Development
  1. News
  2. OPEC Fund and the Private Sector
July 25, 2024

OPEC Fund and the Private Sector

The OPEC Fund launched its private sector operations in 1998, with its first transaction in 1999, complementing its long-standing engagement with the public sector in its partner countries. While public sector operations often aim to create the infrastructure and enable an environment for a successful economy, it is the private sector that produces and trades essential goods and services. The private sector drives economic growth, the generation of employment and the creation of wealth. 

Support to the private sector perfectly complements the OPEC Fund’s development mandate. Trade finance provides essential funding to keep the wheels of the global economy turning and allows importers and exporters to benefit from the advantages of mutual exchange and burden-sharing. 

To date, the OPEC Fund’s investments in the private sector have directly boosted the economies of more than 70 countries globally through funding. The OPEC Fund has committed over US$10 billion to over 600 transactions across multiple sectors and geographies. Since the start of the trade finance window in 2006, the OPEC Fund has provided over 11,000 unfunded guarantees globally for more than US$12 billion. 

Banco Promerica El Salvador 

Country: El Salvador 
Type: Financial Institution 
First transaction: 2014 

The OPEC Fund has supported Banco Promerica’s activities, particularly focusing on on-lending to small and medium-sized enterprises and addressing the demand for short-, medium and long-term financing. 

The OPEC Fund has provided the bank with three loans totalling US$48 million, supporting job creation and bolstering economic growth. Banco Promerica has extended its support to SMEs in various economic sectors, including manufacturing, agribusiness and commercial services.

Share this
Scroll top
July 25, 2024
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