Financial and Banking News


OFID Approves $9mn Aid Package and Disburses $12mn 

The Governing Board of the OPEC Fund for International Development (OFID) on 25 June approved two new project loans to Benin and Kenya worth $7.75mn, as well as two technical assistance grants worth $1.24mn to the Consultative Group on International Agricultural Research and UNRWA. OFID also signed four loan agreements worth $13mn as follows: $4mn to part-finance a shrimp culture development...