Today News Journal
    What's Hot

    Reduce risk for dementia by improving diet and activity levels, studies say

    July 30, 2022

    What is monkeypox, and how can you stay safe while it spreads?

    July 30, 2022

    Chips Act Skips US Leaders for Asian Winners

    July 30, 2022
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    Today News Journal
    Contact Us
    • Home
    • Trending
    • Business
    • Health
    • Technology
      • Automobile
      • Gadgets
      • Mobiles
      • Robotics
    • Lifestyle
      • Culture
    • Sports
    • Travel
    • Editorials
    • News
      • Politics
    Today News Journal
    Home » Business » S&P assigns OPEC Fund AA/A-1+, Positive Outlook
    Business

    S&P assigns OPEC Fund AA/A-1+, Positive Outlook

    Nick WilsionBy Nick WilsionDecember 2, 2021No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    OPEC Fund Logo
    Share
    Facebook Twitter LinkedIn Pinterest Email

    S&P Global Ratings has assigned a rating of AA/A-1+, positive outlook to the OPEC Fund in its inaugural assessment of the international development institution, stressing the Fund’s “extremely strong” financial risk profile and capital base as well as its strong funding and liquidity positions. The rating agency further underlines the OPEC Fund’s “strong enterprise risk profile” and its “very strong” track record of preferred creditor treatment.

    The rating follows an earlier assessment by Fitch Ratings of AA+ with stable outlook in July. The OPEC Fund plans to expand its lending operations and is therefore seeking to diversify its funding sources, a cornerstone of the institution’s Strategic Framework 2030. Established in 1976, the OPEC Fund has to date disbursed US$22 billion for development projects in 125 countries worldwide, addressing basic needs and supporting countries to deliver on their long term sustainable development goals.

    OPEC Fund Director-General Abdulhamid Alkhalifa welcomed the rating and said: “This assessment is testimony to our very strong financial and operational foundation as well as to our strong track-record of delivering development impact. For more than 45 years the OPEC Fund has made major contributions in alleviating poverty, strengthening communities and empowering people. This has made our institution one of the lead partners in south-south cooperation. Today’s rating is an important building block in our strategy to further expand our operations and deepen our impact.

    OPEC Fund Assistant Director-General Tarek Sherlala added: “The S&P rating is confirmation not only of our strong position but also of the significance of our strategy. This rating will be a key enabler for the implementation of our planned lending growth and further support our drive to help countries deliver on the Sustainable Development Goals and address current emergencies such as the COVID-19 pandemic and the climate challenge.

    About the OPEC Fund

    The OPEC Fund for International Development (the OPEC Fund) is the only globally mandated development institution that provides financing from member countries to non-member countries exclusively. The organization works in cooperation with developing country partners and the international development community to stimulate economic growth and social progress in low- and middle-income countries around the world. The OPEC Fund was established by the member countries of OPEC in 1976 with a distinct purpose: to drive development, strengthen communities and empower people. Our work is people-centered, focusing on financing projects that meet essential needs, such as food, energy, infrastructure, employment (particularly relating to MSMEs), clean water and sanitation, healthcare and education. To date, the OPEC Fund has committed more than US$22 billion to development projects in over 125 countries with an estimated total project cost of US$187 billion. Our vision is a world where sustaina
    ble development is a reality for all.

    Source: OPEC Fund for International Development

    Related posts:

    1. Australian Code Consulting And Fire Safety Engineering Firm Bca Logic Joins The Jensen Hughes Team
    2. Pif, Pcp Capital Partners And Rb Sports & Media Acquire Newcastle United Football Club
    3. Emerson’s Southeast Asia Service Centre Cuts Flow Meter Service Turnaround Times By 80% With New Larger Calibration Stand
    4. Vestas together with Deutsche Bank, Sinosure and Global Power Generation replicate the fourth payment deferral facility during 2021 to finance the 58MW Crookwell 3 Wind Farm
    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleSaudi Arabia’s first-ever Future Minerals Summit to showcase to the world the mining investment potential of countries across the Middle East, Central Asia
    Next Article Singaporean Pride In The Metaverse’s Race: Affyn Leads The Play-to-Earn Space with Local Talents. Raises $6 million USD in private round
    Nick Wilsion
    • Website

    Related Posts

    A Brief Introduction To Local SEO Citation

    April 28, 2022

    Tips To Hire Blogger Outreach Companies In The UK

    April 25, 2022

    Everything You Need To Know About Niche Edits

    April 22, 2022

    Significance of Custom Embroidery Digitizing Service

    April 21, 2022

    Leave A Reply Cancel Reply

    Search
    Categories
    • Automobile
    • Business
    • Coronavirus
    • Culture
    • Editorials
    • Finance
    • Gadgets
    • Health
    • Lifestyle
    • Mobiles
    • Money
    • News
    • Politics
    • Sports
    • Technology
    • Travel
    • Trending
    • World
    Latest Posts

    Reduce risk for dementia by improving diet and activity levels, studies say

    July 30, 2022

    What is monkeypox, and how can you stay safe while it spreads?

    July 30, 2022

    Chips Act Skips US Leaders for Asian Winners

    July 30, 2022

    An additional 786,000 monkeypox vaccine doses will soon be available in the United States

    July 30, 2022
    • Facebook
    • Twitter
    Don't Miss
    Health

    Reduce risk for dementia by improving diet and activity levels, studies say

    By James MartinJuly 30, 20220

    One study investigated how physical and mental activities such as household chores, exercise, and visiting…

    What is monkeypox, and how can you stay safe while it spreads?

    July 30, 2022

    Chips Act Skips US Leaders for Asian Winners

    July 30, 2022

    An additional 786,000 monkeypox vaccine doses will soon be available in the United States

    July 30, 2022
    • Facebook
    • Twitter
    About Us

    Hello friends, I am James Martin. Welcome to my blog todaynewsjournal.com. We are a team of experienced journalists who are passionate about delivering the latest news and current events to our readers. Our editorial team is dedicated to providing the most accurate and up-to-date information possible. We aim to be your go-to source for news and current events. Here on this site, You will get up to date information regarding all important categories like business ideas, health tips,... (Read More)

    Latest News

    Reduce risk for dementia by improving diet and activity levels, studies say

    July 30, 2022

    What is monkeypox, and how can you stay safe while it spreads?

    July 30, 2022

    Chips Act Skips US Leaders for Asian Winners

    July 30, 2022
    SIGN UP NEWSLETTER

    Join The Conversation sign up to receive emails for The Daily special tips general info.

      Facebook Twitter Instagram Pinterest
      • Home
      • Editorials
      • Get In Touch

      Copyright © 2021-2022 · Today News Journal Privacy Policy

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

      We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
      Cookie SettingsAccept All
      Manage consent

      Privacy Overview

      This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
      Necessary
      Always Enabled
      Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
      CookieDurationDescription
      cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
      cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
      cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
      cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
      cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
      viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
      Functional
      Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
      Performance
      Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
      Analytics
      Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
      Advertisement
      Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
      Others
      Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
      SAVE & ACCEPT

      Sign In or Register

      Welcome Back!

      Login to your account below.

      Lost password?