OPEC funds Cuban waterworks

• The OPEC Fund for International Development (OFID) said it has granted a $25m loan for a water project in Cuba.

 

• The Cuban government will use the money to fund part of the second phase of water supply and sewage treatment project in Las Tunas province.

 

• OFID has supplied more than $253m in financing for water, agriculture and energy projects in Cuba since 2002.

 

• The fund recently approved a $50m loan to cover 25% of the project's costs for a $200m water supply project in Argentina.

(Source: Latin Finance)