Latin America & Caribbean

Approvals by Focus Area

Total approvals: US$ 4,843.98m

Transportation
Energy
Multisectoral
Financial
Water & Sanitation
Agriculture
Health
Education

Amounts under US$90,000 may not be reflected in this chart.

Approvals by Financing Types

Total approvals: US$ 4,843.98m

Public Sector 83.29 %

Private Sector & Trade Finance 15.80 %

Grants 0.91 %

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.