The IDB and the OPEC Fund for International Development have launched a US$3 million facility to prepare infrastructure projects across 24 Latin American and Caribbean countries for major financing, potentially unlocking over US$400 million over five years. The facility will fund technical work such as feasibility studies, safeguards, and procurement planning, focusing on transport, renewable energy, water and sanitation, digital infrastructure, and social services. It also includes institutional support to strengthen local capacity, improve regulations, and enhance project management and transparency.
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