Cuba and OPEC sign new loan agreement

Antonio Carricarte, Cuban first deputy minister of Foreign Trade and Investment, and Abdulhamid Alkhalifa, director general of the OPEC Fund for International Development (OFID) signed a Loan Agreement in Havana today.

The memorandum, signed at the ministry of foreign trade and investment office, provides 25 million dollars in financing for a project to improve the sewage and drainage situation in the municipalities of La Lisa, Playa and Marianao in western Havana.

Alkhalifa referred to the long-standing relationship between his organization and Cuba, in particular OFID's support for the Caribbean nation's economic development programs and policies through 2030.

The representative of OPEC (Organization of Petroleum Exporting Countries) is on an official visit to Cuba to celebrate the 500th anniversary of the founding of Havana and is planning meetings with ministers and tours of projects financed by the organization.