Financial and Banking News

AID FLOWS

OFID Lends $5.5mn to Peru and Caribbean Countries

The OPEC Fund for International Development (OFID) has agreed to lend Peru $3mn to help finance the Cuzco-Arequipa highlands rural development project. Other sources of finance for the $14.69mn project include IFAD, WFP and the Government of Peru. OFID has also agreed to lend the five Caribbean countries of Dominica, Grenada, St. Christopher and Nevis, St. Lucia and St. Vincent and the Grenadines $2.5mn...