10 entries found
Sort by: Latest |Relevance
19 Jul 2016 description

Hunger: More than a moral outrage

The statistics are shocking, so utterly appalling as to be beyond comprehension: 780 million people deprived of sufficient nourishment; three million under-fives dead from hunger in just one year; and, 66 million primary school children sent to class every day on empty stomachs.

Tragically, this is not the trailer for some postapocalyptic sci-fi blockbuster, but hard truths about the world we live in.

19 Mar 2014 description

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.

13 Dec 2012 description

Vienna, Austria, December 12, 2012. The Governing Board of the OPEC Fund for International Development (OFID), meeting in its 141st Session, has approved 22 loans and grants totaling nearly US$300 million to boost socio-economic development in 23 partner countries. The bulk of the public sector loans will co-finance projects aimed at enhancing the transportation and energy sectors of the recipient countries, as well as the agriculture, education and health sectors.

18 Jul 2012 description

On July 9, OFID signed four public sector loan agreements with The Gambia, DR Congo and Bangladesh to help fund projects aimed at helping fight energy poverty, enhance food security and provide health services to underserved communities. The agreements were signed by OFID Director-general, Mr. Suleiman J. Al-Herbish and HE Abdou Kolley, Minister of Finance & Economic Affairs of The Gambia; HE Mr. Mosud Mannan, Ambassador of Bangladesh to Germany; and, HE Mr. Roger Shulungu Runika, Vice Minister of Finance of DR Congo.

14 Jun 2012 description

Seefeld, Austria, June 15, 2012

OFID Governing Board approves new loans and grants to boost socio-economic development Seefeld, Austria, June 15, 2012. The Governing Board of the OPEC Fund for International Development (OFID), meeting in its 139th Session, has approved 13 loans and grants totaling nearly US$66 million to boost socio-economic development in over 34 partner countries. The loans, which will cover the agriculture, education, energy, transportation and water supply sectors, are as follows: (see the attached PDF)

03 Feb 2009 description

06/2009

February 3, 2009 Vienna, Austria - Eleven developing countries in Africa, Asia and the Caribbean are to benefit from fresh financing extended by the OPEC Fund for International Development (OFID). The loans were signed on behalf of OFID by Mr. Suleiman J. Al-Herbish, OFID Director-General, along with representatives of the beneficiary countries.

The majority of the financing, which totals US$118.8 million, will support projects aimed at bolstering the transportation sectors of the recipient countries.

20 Sep 2005 description

104/2005

September 20, 2005, Vienna, Austria - The OPEC Fund for International Development today approved a grant of US$1.5 million to co-finance a project jointly developed by the Fund and the United Nations High Commissioner for Refugees (UNHCR). The initiative seeks to provide a full spectrum of HIV/AIDS protection, prevention, care and treatment services to refugees in five central African countries and prepare them for repatriation to their home countries.

18 Apr 2005 description

33/2005 April 18, 2005, Vienna, Austria

The OPEC Fund for International Development has signed a US$10 million loan agreement with the Republic of Rwanda to co-finance upgrading of the Gitarama-Mukamira road, a vital stretch linking the capital, Kigali, to Lake Kivu and neighboring Congo D.R. The main objective of the project is to reduce the isolation of rural areas and promote economic growth and sub-regional integration.