Saudi Arabia, Oct. 30 -- The Inter-American Development Bank Group (IDB Group) and the OPEC Fund for International Development (OPEC Fund) have launched a new $3 million facility to build a pipeline of high-quality, co-financing-ready infrastructure projects across Latin America and the Caribbean. This agreement, signed in Riyadh on the sidelines of the 9th Future Investment Initiative by IDB Group President Ilan Goldfajn and OPEC Fund President Abdulhamid Alkhalifa, marks a strategic milestone in the institutions' partnership to mobilize resources for sustainable development and regional integration. The agreement builds on a memorandum of understanding (MoU) signed in Washington in April 2025 between the IDB and the OPEC Fund. The IDB-OPE...