OPEC Fund supports Dominican Republic economy through SME financing
VIENNA, 8th April, 2025 (WAM) -- The OPEC Fund for International Development has signed a financing agreement with Banesco, a financial institution in the Dominican Republic, to provide a US$10 million loan and a US$35,000 technical assistance grant.The funding aims to expand the bank's capacity to support micro, small and medium-sized enterprises (MSMEs), enhance financial inclusion, and boost the country's eco
VIENNA, 8th April, 2025 (WAM) -- The OPEC Fund for International Development has signed a financing agreement with Banesco, a financial institution in the Dominican Republic, to provide a US$10 million loan and a US$35,000 technical assistance grant.
The funding aims to expand the bank's capacity to support micro, small and medium-sized enterprises (MSMEs), enhance financial inclusion, and boost the country's eco
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