OPEC Fund: $40 million to improve food security in Africa

In the press release, which was issued by the headquarters of the OPEC Fund in Vienna, the capital of Austria, it is explained that the financing contributes to strengthening the capital of the “OPEC Fund” group.ETC“, one of the largest agricultural supply chain managers in AfricaIt was announced that it is the first loan to the OPEC Fund related to sustainability, as the terms of the loan include achieving environmental and social goals, improving governance, stimulating the improvement of farmers’ livelihoods and increasing food security.

Dr. Abdul Hamid Al-Khalifa, Director General of the OPEC Fund, emphasized that the Fund’s first loan related to sustainability demonstrates the Fund’s commitment to promoting sustainable development through innovative financing, and pointed to the Fund’s interest in dealing with food security, strengthening the agricultural value chain and improving resources for the life of small farmers in sub-Saharan Africa and a commitment to embedding sustainability at the core of the Fund’s operations with the private sector.