Tag: OPEC Fund

The OPEC Fund for International Development (the OPEC Fund) is extending a US$35 million loan to Uzbekistan’s State Joint-Stock Company Asaka Bank (Asaka Bank) to enhance food security and expand financing for climate action projects in the Central Asian country. The funding will help increase access to finance for agriculture and strengthen the bank’s climate finance portfolio. OPEC Fund President Abdulhamid Alkhalifa said: “Our partnership with Asaka Bank supports two crucial priorities for Uzbekistan – ensuring food security and addressing climate change. Agriculture remains a cornerstone of the country’s economy…

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The OPEC Fund for International Development (the OPEC Fund) has signed a €50 million loan agreement with the Industrial Development Bank of Türkiye (TSKB) to support investments in renewable energy, energy efficiency, climate adaptation, climate-related equipment production, and circular economy initiatives. The financing, provided through an on-lending arrangement with the Republic of Türkiye’s Ministry of Treasury and Finance, marks the first collaboration between the OPEC Fund and TSKB. OPEC Fund President Abdulhamid Alkhalifa said: “This milestone partnership with TSKB underscores our commitment to advancing climate action and sustainable development in…

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