We use Cookies. Read our Terms
- Operations
- Countries A-Z
- Latin America & Caribbean
Latin America & Caribbean
Commitments by Focus Area
Total commitments: US$ 3,726.75m
- Transportation
- Financial
- Energy
- Water & Sanitation
- Agriculture
- Multisectoral
- Health
- Education
Commitments by Financing Types
Total commitments: US$ 3,726.75m
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
Emergency Aid Grant in response to Hurricane Eta in Central America
COVID-19 Emergency Loan: Crecer Sano-Nutrition and Health Project
Economic Revitalisation Line of Credit for the National Bank of El Salvador - BANDESAL
Beneficiary Countries
Related Stories
Notice that after activation data will be sent to Youtube.
Read our Terms.