UPDATES

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Yemen + 3 others
OFID attends high-level meetings in Washington, DC

Loan agreements signed with four partner countries

Vienna, Austria, April 14, 2014. A delegation from the OPEC Fund for International Development (OFID), headed by Director-General Mr Suleiman J Al-Herbish, has concluded a high-level mission to Washington, DC, to attend the 2014 Spring Meetings of the World Bank and the International Monetary Fund (IMF), as well as a number of other important meetings. Highlights of the mission include the following:

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OFID Director-General concludes high-level mission to Palestine

Meets with President Abbas and signs grant agreements in support of the Palestinian people

Vienna, Austria, April 4, 2014. A delegation from the OPEC Fund for International Development (OFID), headed by Director-General Mr Suleiman J Al-Herbish, has concluded a high-level mission to Palestine, which included a meeting with Palestinian President Mahmoud Abbas and the signing of several grant agreements in support of the Palestinian people. The primary purpose of the mission was to reciprocate a visit President Abbas paid to OFID’s headquarters last year.

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Burundi + 27 others
OFID’s Governing Board approves fresh funding in its 146th session - Funds to benefit over 30 countries worldwide

Vienna, Austria, March 18, 2014. Meeting in its 146th Session, the Governing Board of the OPEC Fund for International Development (OFID) has approved financing of nearly US$264 million to boost socio-economic development in over 30 partner countries. Of the new commitments, over US$193m will support 10 public sector loans and nine grants. The bulk of the public sector funding will co-finance agriculture, transportation, education, energy, health and water supply and sanitation projects.

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Niger + 15 others
OFID Governing Board approves new loans and grants to boost socio-economic development

Vienna, Austria, December 11, 2013. Meeting in its 145th Session, the Governing Board of the OPEC Fund for International Development (OFID) has approved financing over US$403m to boost socio-economic development in over 35 partner countries. Of the new commitments some US$306.04m went to support 14 public sector loans and seven grants. The bulk of the public sector funding will co-finance transportation, education, energy, poverty reduction, and water supply and sanitation projects. Under OFID’s private sector and trade finance programs, eight projects totalling US$97m were approved.

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OFID extends emergency assistance to those affected by Typhoon Haiyan

November 12, 2013, Vienna, Austria. The OPEC Fund for International Development (OFID) has approved a US$400,000 grant in humanitarian aid to assist people in the Philippines affected by Typhoon Haiyan. The grant, which will be channelled through the International Federation of Red Cross and Red Crescent Societies (IFRC), will be used to procure urgently-needed relief items.