IDB and OPEC Fund Boost Co-Financing in Latin America and the Caribbean
United States, April 24 -- The Inter-American Development Bank (IDB), the Bank's private-sector arm, IDB Invest, and the OPEC Fund for International Development (OPEC Fund) today announced a new collaboration framework, which will enable the institutions to explore joint co-financing opportunities in key sectors for Latin America and the Caribbean including infrastructure, renewable energy, transportation, resilience and mitigation, social infrastructure, sustainable agriculture, and biodiversity preservation.The memorandum of understanding (MoU), which was signed today, allows IDB and the OPEC Fund to pursue new co-financing of sovereign and non-sovereign guaranteed operations, as well as mechanisms to provide technical assistance across t...
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