OPEC to Lend Cuba $50 Million

22 Apr 2014 by Local Press Report

The OPEC Fund for International Development (OFID) will grant close to $50 million in loans for water rehabilitation projects in Cuba over the next two years, official daily Granmareported. The announcement came after a meeting in Havana by OFID General Director Suleiman J. Al-Herbish with First Vice President Miguel Díaz-Canel. Al-Herbish also met with Ricardo Cabrisas, Cuba’s point man for strategic economic relations, as well as with the ministers of agriculture and foreign trade and investment, and the head of the National Water Resources Institute (INRH). The new OFID loans will amount to close to $50 million and are linked to Cuba’s ongoing water infrastructure rehabilitation program, according to Granma...

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