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Vienna, Austria, March 11, 2015. Over 30 partner countries stand to benefit from the latest round of financing approved at the 150th Session of the Governing Board of the OPEC Fund for International Development (OFID).
Public sector approvals amounting to US$201m will support the following projects:
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$97m were approved.
Jeddah, 13.09.2012 – At its 285th meeting that started last Sunday at IDB headquarters in Jeddah, the Board of Executive Directors of the Islamic Development Bank (IDB) chaired by HE Dr. Ahmad Mohamed Ali, President, IDB Group, approved around US$ 425 million to finance development projects in member countries and for Muslim communities in non-member countries.
The Governing Board of the OPEC Fund for International Development (OFID), meeting in its 135th Session, has approved over US$56 million in loans and US$6 million in grants to address Africa’s needs. The funds will be allocated to the energy, transportation, agriculture, health and financial sectors.
Jeddah, June 2, 2008 -- The Islamic Development Bank (IDB) announced today it is allocating US$1.5 billion to support efforts to meet immediate, medium and long term food crisis in its least developed member countries (LDMCs), though some programs will benefit other members as well.