VOL. XLIII

No. 48

27-November-2000

OPEC

OPEC Fund Commits Total Of $4.2Bn In Loans Over 25 Years

Since its establishment in 1976, the OPEC Fund for International Development has committed a cumulative total of $4.2bn in loans for economic development in three of the worlds poorer continents. The main beneficiary over the past 25 years according to the Funds recent report, The Opec Fund: A Regional Perspective, has been Africa, which received a total of $2.072bn, or 48.3% of the total financing...