Opec fund gives $1 billion for food security in countries hit hardest by Ukraine conflict – Arabian Business

Opec fund gives $1 billion for food security in countries hit hardest by Ukraine conflict – Arabian Business

The Opec Fund for International Development has allocated $1 billion (AED3.7 billion) of aid to developing countries hardest hit by the Ukraine conflict.

As part of its Food Security Action Plan, Opec’s development finance arm will provide “immediate assistance” to its partner countries to support them.

This mainly includes the import costs of basic commodities such as seeds, grains and fertilisers over the next three years, Opec said.