OFID signs loan agreements with seven partner countries

01/07/2015
OFID signs loan agreements with seven partner countries

Adji Otèth Ayassor (L) and Suleiman J Al-Herbish

The OPEC Fund for International Development (OFID) has signed loan agreements totaling US$173m with seven partner countries for public sector projects aimed at enhancing their socio-economic development.  

The agreements were signed by OFID Director-General Suleiman J Al-Herbish and high-ranking officials of the beneficiary countries, including Prime Minister and Finance Minister of St Lucia HE Dr Kenny Anthony and Togolese Finance Minister HE Adji Oteth Ayassor. 

Togo Sokodé – Bassar Road, US$ 12M. To rehabilitate a strategically-situated 57km-long road that serves over 310,000 people living in high-poverty areas. This will help reduce travel time, facilitate the delivery of cash crops and improve access to social services.

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