Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Pakistan economy in danger of collapsing due to loan defaults

    January 27, 2023

    Global growth will slow to 1.9 percent in 2023, warn UN economists

    January 26, 2023

    Modi-Sisi sign MoUs to boost Indian-Egyptian trade to $12 billion

    January 26, 2023
    Facebook Twitter Instagram
    • Home
    • Contact Us
    Arab NarrativeArab Narrative
    • Automotive
    • Business
    • Entertainment
    • Health
    • Luxury
    • Lifestyle
    • News
    • Sports
    • Technology
    • Travel
    Arab NarrativeArab Narrative
    Home » OPEC Fund provides $30 million loan to Paraguayan farmers and businesses
    Business

    OPEC Fund provides $30 million loan to Paraguayan farmers and businesses

    July 24, 2022
    Facebook Twitter Pinterest LinkedIn Tumblr Email

    Under its Food Security Action Plan, the OPEC Fund for International Development (OFID) has signed a $30 million loan agreement with Banco Sudameris S.A.E.C.A. in Paraguay. Farmers and agribusinesses will receive 40 percent of the loan in response to disruptions in global food supplies. Paraguay is one of the world’s largest producers and exporters of agricultural and livestock products, such as soy, wheat, corn, and meat.

    OPEC Fund provides $30 million loan to Paraguayan farmers and businessesIn order to promote job creation and economic recovery after the COVID-19 pandemic, 60 percent of the loan will be used to finance small and medium-sized enterprises (SMEs). More than three quarters of Paraguay’s jobs are created by SMEs, which represent 97 percent of all businesses.

    Banco Sudameris is receiving its second facility from the OPEC Fund. Ninety SMEs in the agricultural, livestock, and industrial services sectors received a $20 million loan in 2018. There are several Sustainable Development Goals (SDGs) aligned with the new loan agreement – SDG 1: No poverty; SDG 2: Zero hunger; SDG 8: Decent work and economic growth; and SDG 10: Reduced inequality.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Global growth will slow to 1.9 percent in 2023, warn UN economists

    January 26, 2023

    Modi-Sisi sign MoUs to boost Indian-Egyptian trade to $12 billion

    January 26, 2023

    Google is planning to lay off 12,000 employees

    January 20, 2023
    Latest News

    Pakistan economy in danger of collapsing due to loan defaults

    January 27, 2023

    Global growth will slow to 1.9 percent in 2023, warn UN economists

    January 26, 2023

    Modi-Sisi sign MoUs to boost Indian-Egyptian trade to $12 billion

    January 26, 2023

    OPEC fund loans $120 million to Panama to tackle climate change

    January 26, 2023

    Ship carrying 22 sinks off Jeju, 14 rescued, 9 unconscious

    January 25, 2023

    Transport halted across Japan by heavy snow, deep cold

    January 25, 2023

    Tourism in Thailand beats target with 11.15 million visitors

    January 24, 2023

    Tourism in Thailand beats target with 11.15 million visitors

    January 24, 2023
    © 2021 Arab Narrative | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.