OPEC Fund to invest $4 billion in partner nations

OPEC Fund for International Development aims to provide approximately $4 billion in funding to its partner countries by 2026, with the goal of promoting development and responding to the rising challenges of the global economy. Since 2019, the fund has successfully mobilized more than $6 billion from the capital markets to support development projects in around 125 countries, with a cumulative commitment exceeding $32 billion to implement over 4,000 projects valued at an estimated $240 billion. The fund also launches initiatives to enhance economic resilience, such as the "E-Star" programs worth $1.5 billion and the "Green Blue Connect" initiative with $3 billion, emphasizing that building strong economic systems contributes to boosting competitiveness and achieving sustainability.

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