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The OPEC Fund
for International
Development
  1. Operations
  2. Countries A-Z
  3. Latin America & Caribbean

Operations

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Latin America & Caribbean

Approvals by Focus Area

Total approvals: US$ 3,943.46m

  • Transportation
  • Financial
  • Energy
  • Water & Sanitation
  • Agriculture
  • Multisectoral
  • Health
  • Education
Amounts under US$.09m may not be reflected in this chart.

Approvals by Financing Types

Total approvals: US$ 3,943.46m

Public Sector 76.85 %
Private Sector & Trade Finance 22.16 %
Grants 0.98 %

The economic malaise of the past few years weakened social progress and had an adverse effect on jobs and household incomes: inequality has risen and around one-third of Latin Americans remain vulnerable to falling back into poverty.

However, with a return to growth last year, livelihoods and human development outcomes improved slightly – the economic recovery helped rebuild social pillars that in turn eased poverty and boosted prosperity. Socioeconomic strengthening has also helped support the economic recovery via greater investments in people, particularly the poor.  Efforts to build resilience to shocks - economic, natural and social - is also part of the reform agenda to ensure sustainable and equitable long-term growth in line with the SDGs.

The OPEC Fund's footprint in the Latin America and Caribbean region extends to 31 countries. In 2019, US$122m was approved to  six countries - with the majority supporting  the financial (US$35m), energy (US$26m), water & sanitation (US$25m) and agriculture (US$20m) sectors. 

Operations

Joint CAF - OPEC Fund Technical Assistance Facility

Approved
16.03.2022
Focus Area
Multisectoral
Category
Technical Assistance

Program to Improve the National Distribution Systems (Loan 2)

Approved
28.02.2022
Country
Dominican Republic
Focus Area
Energy
Status
Ongoing

Program to Improve the National Distribution Systems (Loan 1)

Approved
15.12.2021
Country
Dominican Republic
Focus Area
Energy
Status
Ongoing

Beneficiary Countries

  • Antigua and Barbuda
  • Argentina
  • Barbados
  • Belize
  • Bolivia
  • Brazil
  • Chile
  • Colombia
  • Costa Rica
  • Cuba
  • Dominica
  • Dominican Republic
  • El Salvador
  • Grenada
  • Guatemala
  • Guyana
  • Haiti
  • Honduras
  • Jamaica
  • Mexico
  • Nicaragua
  • Panama
  • Paraguay
  • Peru
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Vincent
  • Suriname
  • Uruguay
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