AID FLOWS

OFID Approves $23mn in Loans and Grants 

The Governing Board of the OPEC Fund for International Development (OFID) has approved loans and grants totaling $22.69mn, according to an announcement issued on 30 November. The Board also reselected Mr. Osama Faqih, Deputy Minister of Finance of Saudi Arabia, as chairman for the third successive year.

The new loans and grants are as follows:

- Six loans: $1.0mn to Equatorial Guinea for a cocoa project; a $5.0mn line of credit to...