Wednesday 25 May 2022 - 8:49:10 pm
Transport & Infrastructure
2022 May 19 Thu, 02:44:29 pm

OPEC Fund’s US$25 million loan to promote private sector infrastructure investments in Latin America

VIENNA, 19th May, 2022 (WAM) -- The OPEC Fund for International Development has signed a US$25 million loan agreement with Corporación Interamericana para el Financiamiento de Infraestructura (CIFI) to finance the development of private sector infrastructure projects in Latin America and the Caribbean (LAC) region. Dr. Abdulhamid Alkhalifa, OPEC Fund Director-General, said, "More investments are needed to meet the growing infrastructure needs of the region. Our cooperation with CIFI will promote private sector participation in infrastructure development, support mid-size projects across the energy, water and...