Middle East Economic Survey
OPEC Fund Commits $268Mn In 2003
The OPEC Fund for International Development committed $267.9mn in loan and grant operations in 2003 of which it disbursed $258.5mn, according to the funds 2003 Annual Report. Public sector lending operations were allocated $236.2mn of which $216.7mn went to finance 26 project loans, $9.5mn to finance a commodity import program, and $10mn to the Heavily Indebted Poor Countries (HIPC) Initiative. Of the...