Financial and Banking News
OFID Lends $10bn to Senegal and Honduras
The Vienna-based OPEC Fund for International Development (OFID) has lent$6.7mn to Senegal under the terms of an agreement signed on 7 October. The loanis to part finance a $32mn agricultural development project in Arambe-Kayangaaimed at irrigating 4,400 hectares of land, together with improved road andirrigation infrastructure in the area. The project will ensure annual productionof 10,000...