|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Latin America (Click here for more)

Latin America Among OPEC Fund’s Priorities for Cooperation

MANAGUA – Cooperation with Latin America and the Caribbean has become a priority for the OPEC Fund for International Development (OFID) as part of its objectives to improve the standard of living of the population of the Western Hemisphere.

“Since the beginning of the year we are giving more attention to Latin America. Latin America is always at the center of our activities,” OFID director-general Suleiman Jasir Al-Herbish told Efe on Wednesday at the end of his trip to Nicaragua, where he signed a multi-million dollar loan for the improvement of roads in the Central American country.

Al-Herbish said this year he has visited Cuba, the Dominican Republic, Jamaica and Nicaragua, and his colleagues have made a trip to Argentina to support infrastructure and energy projects.

“Next year I will probably travel to Honduras and Colombia,” he added.

He explained that the World Bank leadership will be meeting next year in Lima, Peru, and the OFID intends to make the most of the opportunity to connect or visit other countries in the region.

The OFID has decided to focus more on developing countries, which makes it likely that four or five Latin American nations will be given greater priority, he affirmed, without specifying which ones.

Al-Herbish also recalled that in June the OFID’s Ministerial Council approved the re-admission of Ecuador to the organization after 22 years, making it the second OFID member from the region besides Venezuela.

With Ecuador, the OFID once again has 13 contributing members: the 12 members of the Organization of Petroleum Exporting Countries (OPEC) and Gabon.

Last year, the OFID approved financial aid worth a record $1.5 billion while $1.1 billion were disbursed for development projects.

Created in 1976, the OFID is a multilateral financial institution oriented towards providing assistance to low income countries to eradicate poverty and generate economic growth.

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:



 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2019 © All rights reserved