- Development & Aid
- Economy & Trade
- Human Rights
- Global Governance
- Civil Society
Thursday, December 2, 2021
VIENNA, Aug 24 2018 - The OPEC Fund for International Development (OFID) has signed public sector loan agreements with Cote d’Ivoire and Malawi to help boost socio-economic development and living standards.
The agreements, totaling US$34 million, were signed by OFID Director-General Suleiman J Al-Herbish and Roger A Kacou, Ambassador of Cote d’Ivoire to Austria, and Michael B Kamphambe Nkhoma, Ambassador of Malawi to Germany, OFID said in a statement.
Al-Herbish said the loan represented OFID’s third involvement in helping strengthen the country’s water sector, which supports the government’s 2016-2022 Growth and Development Strategy with the view to reduce poverty through sustainable economic growth and infrastructure development.
IPS is an international communication institution with a global news agency at its core,
raising the voices of the South
and civil society on issues of development, globalisation, human rights and the environment
Copyright © 2021 IPS-Inter Press Service. All rights reserved. - Terms & Conditions
You have the Power to Make a Difference
Would you consider a $20.00 contribution today that will help to keep the IPS news wire active? Your contribution will make a huge difference.