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19 Jun 2013 description

Vienna, Austria, June 19, 2013. The United Nations Industrial Development Organization (UNIDO) is partnering with the OPEC Fund for International Development (OFID) to help finance a project that will help rural communities in northern Ethiopia adopt modern agro-industrial processing technologies and generate new job opportunities.

OFID is supporting the US$2.5 million project with a US$600,000 grant. The grant agreement was signed in Vienna today by UNIDO Director General, Kandeh K. Yumkella, and OFID Director General, Suleiman Jasir Al-Herbish.

01 Dec 2009 description

December 1, 2009 Vienna, Austria - The OPEC Fund for International Development (OFID) yesterday signed three grant agreements relating to important worldwide health initiatives. The agreements were signed on behalf of OFID by Mr. Suleiman J. Al-Herbish, Director-General, and by HRH Princess Ghida Talal, Chairperson of the Board of Trustees of the King Hussein Cancer Foundation (KHCF); Professor Claude Le Coultre, Chairwoman of the Board of the International Committee of the Red Cross Special Fund for the Disabled (IFRC/SFD); and Dr.

12 May 2006 description

42/2006

May 11, 2006, Vienna, Austria - The OPEC Fund for International Development (OFID) has approved a grant of US$50,000 in support of a project of the Social Welfare Development Association (SWDA), a non-profit NGO based in Ethiopia. The scheme aims at providing some 1,160 vulnerable children with the social services needed to help them integrate into the community and become self-sufficient.

Increasing poverty levels in Ethiopia have also lead to the rise in the number of street children, particularly in the capital Addis Ababa.

12 May 2004 description

43/2004

May 12, 2004, Vienna, Austria - The OPEC Fund for International Development today signed a US$15 million loan agreement with the Federal Democratic Republic of Ethiopia to help finance the rehabilitation of the Azezo-Metema Road.

02 Dec 2003 description

December 2, 2003, Vienna, Austria - The OPEC Fund for International Development today approved a grant of US$200,000 towards the first phase of an initiative to eliminate the tsetse fly in Ethiopia's Southern Rift Valley. Coordinated by the International Atomic Energy Agency (IAEA), the scheme is part of a larger regional project that aims to expand eradication efforts to other sub-Saharan countries in order to boost food security and reduce poverty.

Agriculture and animal husbandry are a vital source of income and provide food for much of Ethiopia's rural population.

14 Jun 2003 description

June 14, 2003, Addis Ababa, Ethiopia - Alongside Ethiopian officials, the OPEC Fund for International Development today began distributing food and relief items to Ethiopian towns and villages affected by the current food crisis sweeping much of Africa. Under a special Food Aid Grant Account, the OPEC Fund has provided a total US$20 million to assist a number of countries in Africa severely affected by the worsening crisis.

29 Oct 2002 description

102/2002

October 29, 2002 - Vienna, Austria - The OPEC Fund for International Development today signed an agreement with the Federal Democratic Republic of Ethiopia for the provision of debt relief within the framework of the Enhanced Heavily Indebted Poor Countries (HIPC II) Initiative. Endorsed by the Interim and Development Committees of the World Bank and the International Monetary Fund in September 1996, the Initiative represents a united effort by the international community to address the external debt problems of the world's heavily indebted poor countries.