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- Operations
- Countries A-Z
- Latin America & Caribbean
Latin America & Caribbean
Approvals by Focus Area
Total approvals: US$ 4,423.46m
- Transportation
- Financial
- Energy
- Multisectoral
- Water & Sanitation
- Agriculture
- Health
- Education
Approvals by Financing Types
Total approvals: US$ 4,423.46m
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
Support to Climate Action and Energy Transition Program
Strengthening Health System Resilience Project
Policy-Based Loan for the Sustainable Development of the Republic of Paraguay
Beneficiary Countries
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Following the adoption of its Food Security Action Plan the OPEC Fund is providing Banco Sudameris S.A.E.C.A. in Paraguay with a US$30 million loan