OPEC Fund Intensifies Global Development Cooperation with New Financing Commitments

PeopleDiplomats ♦ Published: October 28, 2024; 23:45 ♦ (Vindobona)

The OPEC Fund for International Development has announced significant financing commitments of around half a billion US dollars at the 2024 World Bank-IMF Annual Meetings to support climate action, food security, and infrastructure in various partner countries.

The OPEC Fund strengthened its global partnerships and commitments at the 2024 World Bank meetings through a new co-financing agreement with the World Bank. / Picture: © Wikimedia Commons / Niels Elgaard Larsen [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)]

The OPEC Fund for International Development is strengthening its partnerships and projects with nearly half a billion US dollars in new financing announced at the 2024 World Bank Meeting in Marrakech. These investments target sustainable development and cover areas such as infrastructure, food security, and climate resilience. This support includes projects such as the horticulture…