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21 Mar 2013 description

Vienna, Austria, March 20, 2013. The Governing Board of the OPEC Fund for International Development (OFID), meeting in its 142nd Session, has approved 16 loans and grants totaling over US$166 million to boost socio-economic development in over 25 partner countries. The majority of the funding will co-finance projects aimed at combating energy poverty, followed by loans to help bolster the transportation and water supply and sanitation sectors.

17 Jun 2011 description

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.

13 Feb 2009 description

07/2009

February 13, 2009 Vienna, Austria - This week, the OPEC Fund for International Development (OFID) extended five new loans in support of public sector projects in Mozambique, Niger and Zambia. The agreements were signed on behalf of OFID by Mr. Suleiman J. Al-Herbish, OFID Director-General, along with HE Carlos dos Santos, Ambassador of the Republic of Mozambique to Germany; HE Ali Lamine Zeine, Minister of Economy and Finance of the Republic of Niger; and Mr. Mathias Daka, Chargé d'Affaires a.i., Permanent Mission of Zambia in Geneva. Commenting on the new financing, Mr.

13 Jun 2006 description

The OPEC Fund for International Development (OFID) today approved a grant of US$250,000 for access to land titles and provision of agricultural technology for more than 25,000 rural families living in eight villages in the Sofala Province in Mozambique. Assistance will be channeled through the Austrian Relief Organization.

05 Sep 2003 description

79/2003

September 5, 2003, Vienna, Austria - The OPEC Fund for International Development has distributed over 43,000 metric tons of food aid to towns and villages in nine African countries: Eritrea, Ethiopia, Lesotho, Malawi, Mauritania, Mozambique, Swaziland, Zambia and Zimbabwe that are 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.