The OPEC Fund in 2001

Year in Brief

The atrium at the OPEC Fund’s headquarters in Vienna, Austria.

In 2001, the OPEC Fund approved a total of 38 public sector project loans worth $273.83 million. Nine additional loans, amounting to $58.5 million were approved to provide debt relief within the context of the Heavily Indebted Poor Countries (HIPC) Initiative. In the area of grant aid, the Fund extended a total of 37 grants valued at $5.207 million, of which $3.036 million went to finance technical assistance schemes, $0.671 million helped fund research and similar activities and a further $1.5 million was committed to provide emergency humanitarian aid.

The sum thus approved through the Fund's traditional concessional windows for loan and grant operations in 2001 amounted to $337.537 million. Disbursements for the year totaled $179.4 million.

Commitments during 2001 within the Fund's private sector facility comprised investments totaling $58.6 million.