DUBAI – On Saturday, the United Nations World Food Programme (WFP) and the OPEC Fund for International Development (OPEC Fund) signed an agreement for a US$500,000 grant in support of the Philippine...
OPEC Fund for International Development (OFID) Updates
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OPEC Fund supports relief and recovery efforts in Libya after catastrophic floods with US$500,000 emergency aid grant
October 3, 2023: The OPEC Fund for International Development (the OPEC Fund) is taking action to support relief and recovery efforts in Libya in the aftermath of Storm Daniel, which struck the...
OPEC Fund promotes resilient, sustainable economy and climate action in Paraguay
April 5, 2023: The OPEC Fund for International Development (the OPEC Fund) is providing a US$100 million sovereign policy-based loan (PBL) to Paraguay to strengthen the country’s sustainable economic...
Armenia + 3 more
OPEC Fund approves over US$300 million in new financing and delivers on its Climate Action Plan
March 14, 2023: The OPEC Fund for International Development (the OPEC Fund) has approved more than US$300 million in new financing in the first quarter of 2023, reflecting the institution’s...
Syria + 1 more
OPEC Fund supports Syria and Türkiye emergency relief action with US$1 million grant
February 23, 2023: Following the deadly earthquakes in Syria and Türkiye, the OPEC Fund for International Development (the OPEC Fund) is providing a US$1 million grant to the International Federation...
OPEC Fund helps strengthen food security in Burundi with US$20m loan
March 4, 2021: The OPEC Fund for International Development (the OPEC Fund) has signed a US$20 million public sector loan agreement with Burundi to co-finance a project that will improve food...
US$20m loan boosts rural livelihoods in Malawi
December 23, 2020: The OPEC Fund for International Development (the OPEC Fund) has signed a US$20 million development loan agreement with Malawi to improve the livelihoods of around 1.3 million...
OPEC Fund approves emergency Guatemala loan
December 3, 2020. The OPEC Fund for International Development has approved a US$50 million public sector COVID-19-related loan to Guatemala to co-finance the ‘Crecer Sano-Nutrition and Health...
Guatemala + 2 more
OPEC Fund extends emergency grant to Central America in response to Hurricane Eta
November 24, 2020. The OPEC Fund for International Development (the OPEC Fund) has extended an emergency aid grant in support of a number of Central American countries in the aftermath of Hurricane...
El Salvador + 1 more
The OPEC Fund approves US$135m via fast-track process for El Salvador, Mozambique and Pakistan
Vienna, Austria, October 30, 2020. The OPEC Fund for International Development (the OPEC Fund) has approved public sector loans of US$35 million and US$50 million to support COVID-19 response efforts...
The OPEC Fund joins DFI partnership to mobilize billions of dollars in response to COVID-19
Vienna, Austria, May 18, 2020. The OPEC Fund for International Development (the OPEC Fund) has joined a group of more than 25 development finance institutions (DFIs) scaling up cooperation in...
The OPEC Fund dedicates US$1 bn to COVID-19 efforts in developing countries
Vienna, Austria, April 15, 2020. The OPEC Fund for International Development’s Governing Board has dedicated US$1 billion to fund COVID-19 impact and recovery efforts in developing countries. The...
Tanzania + 4 more
The OPEC Fund approves more than US$390m for operations in developing countries
**Vienna, Austria, April 15, 2020. ** The OPEC Fund for International Development’s Governing Board has approved more than US$390 million of new funding to support operations in developing countries...
The OPEC Fund supports WHO COVID-19 efforts in Iran
Vienna, Austria, April 2, 2020. As part of its global efforts, the OPEC Fund for international development (the OPEC Fund) has approved an emergency assistance grant of US$500,000 to be supplied...
The OPEC Fund commits US$200m to the global fight against COVID-19
Vienna, Austria, March 16, 2020. The OPEC Fund for International Development (the OPEC Fund) has announced a range of measures to support international efforts to combat the COVID-19 outbreak over...
The OPEC Fund signs US$20m loan with Burkina Faso, attends inauguration of health and education facilities
Vienna, Austria, December 6, 2019. The Director-General of the OPEC Fund for International Development (the OPEC Fund) Dr Abdulhamid Alkhalifa has signed a US$20 million development loan to help...
World + 15 more
OFID’s Governing Board approves US$580m for operations in developing countries
Vienna, Austria, June 12, 2019. OFID – the OPEC Fund for International Development – has approved more than US$580 million of new funding to benefit developing countries across the globe. The 167th...
Mozambique + 1 more
OFID approves total emergency aid of US$1m to Mozambique and Iran via IFRC
Vienna, Austria, May 7, 2019. OFID – the OPEC Fund for International Development – has approved two emergency aid grants totaling US$1 million in support of relief efforts in Mozambique and Iran. The...
Argentina + 20 more
OFID’s Governing Board approves over US$328m for operations in developing countries
Vienna, Austria, December 12, 2018. OFID – the OPEC Fund for International Development – has approved more than US$328 million of new funding to benefit developing countries across the globe. The...
OFID’s Al-Herbish concludes career by signing two grant agreements in Jordan
Vienna, Austria, October 29, 2018. OFID – the OPEC Fund for International Development – has concluded a high-level mission to Jordan, during which grant agreements were signed with two partners. OFID...