-OPEC Fund will provide 1,500 million dollars of new financing for the relief in 2021, deepen the impact and fully use the mechanism of COVID-19
VIENNA, Jan. 27, 2022 /PRNewswire/ — With a total of an estimated $1,500 million cleared in 2021, the OPEC Fund for Desarrollo Internacional made a significant contribution to the global desarrollo program last year. The OPEC Fund, which celebrates the 46th anniversary of the 28th of January, strengthened the economic growth and the creation of mediant employment for the apoyo at the micro, pequeñas and medianas businesses (MIPYMES), provided much needed financing for the investment in infrastructure and response a la pandemic de COVID-19 con el pleno despliegue de su mechanism de 1,000 millions dólares.
The Managing Director of the OPEC Fund, Abdulhamid Alkhalifasaid: “Gracias a nuestra solidez financiera ya las estrechas laciones con nuestros pays socios y clientses, el OPEC Fund can respond quickly y eficazmente a las necessidades acuciantes de estos pays en 2021. Nuestra sólida ejecución benefite a amplia gama de proyectos que tienen como objectivo atender the necessities of the personas y improving sus medios de vida. y commenzar un nuevo año, nosstros resultados de 2021 nos inspire confidence y ambición para realizar otra important contribución al desarrollo ise año”.
The OPEC Fund’s prestige as a multilateral development institution was also recognized in 2021 by Fitch and S&P, backed by the world’s leading qualifying agencies. During the inaugural evaluation of the OPEC Fund, Fitch retained a classification of AA+/Perspectiva Estable, destacando la “excellent capitalization” del Fondo, mientras que S&P otorgó una qualification de AA/A-1+, Prospectiva Positiva, and subrayó las “solid positions of financing and liquidity” of the OPEC Fund.
After the outbreak of the COVID-19 pandemic, the OPEC Fund established a line of credit of 1,000 million dollars that was used in its totality for the 2021 finals. In coordination with the associated countries and other donors, the Fund adopted a process of approval ágil, that permitió el rapido despliegue of the financing that is necessary con urgency. The operations in the wake of COVID-19 will include a $70.5 million grant in Jordan in conjunction with a government action plan and a $10 million mechanism for the benefit of the pequeñas and media companies in Maldivas.
El OPEC Fund mantuvo sur reciente nivel de compromiso en 2021. El desglose de las operaciones muestra que 496 million dólares de los imports compromised are destined to the financial sector, tradicionalmente utilizado para la concesión de represtamos a las MIPYME oa las empresas dirigidas por mujeres. Other sectors include agriculture (211 million dollars), el transporte y el almacenamiento (205 million dollars), la energía (153 million dollars), la ayuda a los productos básicos (137 million dollars), el agua y el saneamiento ($20 million) and health ($15 million). Multisectoral projects received $246 million.
In the energy sector, the OPEC Fund has funded projects, which have significantly increased access to energy in the associated countries and helped to address the energy transition. In cooperation with international corporations, the OPEC Fund has planned to undertake the construction and operation of the Sirdarya power plant, in Uzbekistan, the mayor project has been driven by the private sector in the country hasta la fecha, and the gas power plant Temane, fr mozambiquethat is hoped that satisfaga the demand of electricity of hasta 1.5 million hogares.
The financing of the OPEC Fund is destined to initiate initiatives for the desarrollo of the public sector in the associated countries, with 686 million dollars estadounidenses (46%), but the financing of the trade rises to 444 million dollars (30%) and the costs al sector privado sumaron 353 million dólares in 2021.
In terms of the regional distribution, the compromises in Africa have risen to 770 million dollars (51%), seguido de Asia with $536 million (36%) and Latin America and the Caribbean with $177 million (12%).
The adoption of an improved ESG policy in 2021 by part of the Consejo de Administración del OPEC Fund marked again in the application of the Marco Estratégico 2030 de la institution. El Marco is designed to ensure that the OPEC Fund can expand its operations and deepen its impact to cause defiance in the wider plaza, as the fulfillment of the Objectivos de Desarrollo Sostenible, as well as the emergence as the COVID-19 pandemic and its economic and social impact.
An important step hacia este objectivo es aprovechar the fuerza del OPEC Fund deepening the cooperation with the international institutions of disarrollo and the associated organizations. In 2021, the OPEC Fund co-financed projects with, among others, Banco Africano de Desarrollo, Banco Asiático de Desarrollo, IFAD, Grupo Árabe de Coordinación, Banco Mundial and the International Finance Corporation (IFC). The OPEC Fund has also confirmed an agreement to improve and promote cooperation in Latin America and the Caribbean with the Banco Andino de Desarrollo (CAF – Corporación Andina de Fomento).
Acerca del OPEC Fund
The OPEC Fund for International Development (OPEC Fund) is the only institution of desarrollo con mandato mundial that proporciona financiación de los pays miembros a payses no miembros exclusively. The organization worked in cooperación con los países en desarrollo asociados y la comunidad internacional del desarrollo para estimular el crecimiento económico y el progreso social en los países de ingresos bajos y medios de todo el mundo. The OPEC Fund was created for member countries of OPEC in 1976 to stimulate the desarrollo, fortalecer las comunidades y empoderar a las personas. Our labor is centered on the personas, it is centered on the financing of projects that satisfy essential needs, such as food, energy, infrastructure, the empleo (especially in relation to the MIPYME), the drinking water and the sanitation, health care and education. Hasta la fecha, el OPEC Fund has committed more than 22,000 million dollars for development projects in more than 125 countries, with an estimated total cost of 187,000 million dollars. The OPEC Fund has been qualified as AA+/Estable Outlook for the agency of Fitch and AA/A-1+ qualification, Positive Outlook for S&P in 2021. Our vision is a world in which the sustainable development is a reality for all.
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SOURCE OPEC Fund for International Development