{"id":4493,"date":"2024-10-29T08:20:49","date_gmt":"2024-10-29T12:20:49","guid":{"rendered":"https:\/\/sdgnews.com\/?p=4493"},"modified":"2024-10-29T08:20:52","modified_gmt":"2024-10-29T12:20:52","slug":"opec-fund-pledges-up-to-1-billion-for-sustainable-development-in-latin-america","status":"publish","type":"post","link":"https:\/\/sdgnews.com\/fr\/opec-fund-pledges-up-to-1-billion-for-sustainable-development-in-latin-america\/","title":{"rendered":"OPEC Fund Pledges Up to $1 Billion for Sustainable Development in Latin America"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\" id=\"h-key-impact-points\"><strong>Key Impact Points:<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>$1 Billion Commitment<\/strong>: The OPEC Fund aims to contribute up to $1 billion for public sector projects from 2024 to 2027.<\/li>\n\n\n\n<li><strong>Renewed Partnership<\/strong>: The OPEC Fund and CAF sign a new agreement to promote sustainable development across Latin America.<\/li>\n\n\n\n<li><strong>Focus on Infrastructure<\/strong>: Collaboration targets co-financing infrastructure projects to foster economic growth in the region.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>The <strong>OPEC Fund for International Development<\/strong> and <strong>CAF-Development Bank of Latin America and the Caribbean<\/strong> have signed a new <strong>Cooperation Framework Agreement<\/strong> to enhance their partnership in promoting sustainable development across Latin America.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-commitment-to-sustainable-growth\">Commitment to Sustainable Growth<\/h3>\n\n\n\n<p>Under the agreement, the OPEC Fund plans to contribute up to <strong>$1 billion<\/strong> in co-financing for public sector projects over the three-year period from 2024 to 2027. The partnership focuses on:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Co-financing public and private sector projects<\/strong> in common partner countries.<\/li>\n\n\n\n<li><strong>Collaborating on project identification, preparation, appraisal, and supervision<\/strong>.<\/li>\n\n\n\n<li><strong>Sharing knowledge and expertise<\/strong> through joint research, consulting services, and staff exchanges.<\/li>\n\n\n\n<li><strong>Promoting sustainable infrastructure development<\/strong> to drive social and economic progress.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-leadership-perspectives\">Leadership Perspectives<\/h3>\n\n\n\n<p><strong>OPEC Fund President Abdulhamid Alkhalifa<\/strong> stated:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cWe are proud to renew this partnership in a region so critical to our global priorities of climate action and food security. Investments in infrastructure, particularly with the support of the private sector, are helping to future-proof sustainable development worldwide.\u201d<\/em><\/p>\n\n\n\t\t<div data-elementor-type=\"page\" data-elementor-id=\"2169\" class=\"elementor elementor-2169\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1ad85f5 e-flex e-con-boxed e-con e-parent\" data-id=\"1ad85f5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c4c36b5 elementor-widget elementor-widget-heading\" data-id=\"c4c36b5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><h5 data-elementor-setting-key=\"title\" data-pen-placeholder=\"Type Here...\" style=\"font-family: joanna-nova, sans-serif;font-weight: 400;line-height: var( --e-global-typography-7044a64-line-height );font-size: var( --e-global-typography-7044a64-font-size );letter-spacing: normal;text-align: center\">Change the World - Subscribe Now<\/h5><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-392f45d elementor-widget__width-initial elementor-button-align-stretch elementor-widget elementor-widget-form\" data-id=\"392f45d\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;step_next_label&quot;:&quot;Next&quot;,&quot;step_previous_label&quot;:&quot;Previous&quot;,&quot;button_width&quot;:&quot;50&quot;,&quot;step_type&quot;:&quot;number_text&quot;,&quot;step_icon_shape&quot;:&quot;circle&quot;}\" data-widget_type=\"form.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<form class=\"elementor-form\" method=\"post\" name=\"Newsletter Signup Footer\" aria-label=\"Newsletter Signup Footer\">\n\t\t\t<input type=\"hidden\" name=\"post_id\" value=\"2169\"\/>\n\t\t\t<input type=\"hidden\" name=\"form_id\" value=\"392f45d\"\/>\n\t\t\t<input type=\"hidden\" name=\"referer_title\" value=\"UN Global Compact SDG Investment Forum Wraps Up with Debut of Groundbreaking Sustainable Finance Report - SDG News\" \/>\n\n\t\t\t\t\t\t\t<input type=\"hidden\" name=\"queried_id\" value=\"4091\"\/>\n\t\t\t\n\t\t\t<div class=\"elementor-form-fields-wrapper elementor-labels-above\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-type-email elementor-field-group elementor-column elementor-field-group-email elementor-col-50 elementor-field-required\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<input size=\"1\" type=\"email\" name=\"form_fields[email]\" id=\"form-field-email\" class=\"elementor-field elementor-size-xs  elementor-field-textual\" placeholder=\"Enter Email Address\" required=\"required\">\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-field-group elementor-column elementor-field-type-submit elementor-col-50 e-form__buttons\">\n\t\t\t\t\t<button class=\"elementor-button elementor-size-xs\" type=\"submit\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Subscribe<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/button>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/form>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\n<\/blockquote>\n\n\n\n<p><strong>CAF&#8217;s Executive President Sergio D\u00edaz-Granados<\/strong> added:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cThis agreement with the OPEC Fund reinforces our commitment to driving sustainable development in Latin America. By combining our resources and expertise, we can have a greater impact on critical infrastructure projects that will improve lives and foster economic growth across the region.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-targeted-collaboration\">Targeted Collaboration<\/h3>\n\n\n\n<p>The collaboration will focus on countries where both institutions are active, including <strong>Bolivia, Brazil, Colombia, Costa Rica, Dominican Republic, Mexico, Panama, Paraguay, Peru, and Uruguay<\/strong>, among others.<\/p>\n\n\n\n<p>Related Article: <a href=\"https:\/\/sdgnews.com\/final-impact-disclosure-guidance-aims-to-drive-capital-for-un-sustainable-development-goals\/\" target=\"_blank\" rel=\"noreferrer noopener\">Final Impact Disclosure Guidance Aims to Drive Capital for UN Sustainable Development Goals<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-emphasis-on-knowledge-sharing\">Emphasis on Knowledge Sharing<\/h3>\n\n\n\n<p>The agreement emphasizes the importance of <strong>knowledge sharing and capacity building<\/strong> to ensure effective implementation of co-financed projects.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-building-on-a-strong-foundation\">Building on a Strong Foundation<\/h3>\n\n\n\n<p>This renewed partnership builds on the long-standing cooperation between CAF and the OPEC Fund, updating previous agreements to address the evolving context of development in Latin America.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Impact Points: The OPEC Fund for International Development and CAF-Development Bank of Latin America and the Caribbean have signed a new Cooperation Framework Agreement to enhance their partnership in promoting sustainable development across Latin America. Commitment to Sustainable Growth Under the agreement, the OPEC Fund plans to contribute up to $1 billion in co-financing [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4520,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[28],"tags":[787,788,61,66,60,67],"class_list":["post-4493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-investment","tag-opec-fund","tag-opec-fund-for-international-development","tag-sdg-news","tag-sdgs","tag-sustainable-development-goals","tag-un-sdgs"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.3 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>OPEC Fund Pledges Up to $1 Billion for Sustainable Development in Latin America - 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