OFID will provide about $200 million as part of its response to support international efforts to combat the Covid-19 crisis over the immediate and mid-term. These funds will be deployed via long-term loans, private sector and trade finance facility windows and grants. The OPEC Fund will also modify existing loan terms, where necessary. OFID says it will be deploying bilateral resources to impacted countries and regions and will also be coordinating with the bilateral and multilateral agencies of their member countries.

Source: Emirates News Agency