OPEC Fund Disburses $222Mn in 2002
The OPEC Fund for International Development (OFID) committed in 2002 loans and grants worth $292.93mn and disbursed $221.63mn, according to the Funds 2002 Annual Report. OFID approved a total of 37 project loans worth $254.19mn to the public sector. Three other loans, amounting to $18.2mn were approved to provide debt relief for the heavily indebted poor countries. Moreover, the Fund extended a total of 34 grants valued at...