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19 Sep 2017 description

Vienna, Austria, September 19, 2017. The 160th Session of the Governing Board of the OPEC Fund for International Development (OFID) has approved nearly US$250 million of new development funding to benefit developing countries across the globe.

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.

17 Jun 2013 description

Vienna, Austria, June 17, 2013. The Governing Board of the OPEC Fund for International Development (OFID), meeting in its 143rd Session on June 13, has approved 17 loans and grants totaling over US$234 million to boost socio-economic development in over 44 partner countries. The majority of the public sector funding will co-finance transportation, energy and water supply and sanitation projects.

The approved public sector loans are as follows:

Burkina Faso

17 Nov 2009 description

Although OFID's core activities focus on providing concessional financing in support of sustainable projects across the developing world, the institution recognizes that emergency assistance is still instrumental in helping mitigate the suffering of those affected by natural disasters. Therefore, when the International Federation of Red Cross and Red Crescent Societies (IFRC) launched an appeal to the donor community in September to mobilize funds to help victims of ongoing flooding in West and Central Africa, OFID swiftly responded by approving a grant of US$1 million.

10 Sep 2009 description

PR40/2009

Vienna, Austria, 10 September 2009 The OPEC Fund for International Development (OFID) has approved a grant of US$1 million to procure essential relief supplies and help finance emergency operations for victims of severe flooding in West and Central Africa. The grant will be channelled through the International Federation of Red Cross and Red Crescent Societies (IFRC). According to recent estimates, at least 600,000 people have been affected by the floods and thousands of families have lost their homes.

11 Dec 2007 description


39/2007

December 11, 2007 Vienna, Austria - Three developing countries in Africa are to benefit from fresh financing extended on December 11 by the OPEC Fund for International Development (OFID).

08 Sep 2005 description

September 8, 2005, Vienna, Austria - The OPEC Fund for International Development has extended a grant of US$1.2 million to support emergency operations launched by the World Food Program (WFP) for the delivery of urgently-needed food and other supplies to four famine-afflicted countries in the African Sahel region.

The combination of drought and the worst locust invasion in two decades has had devastating results on agricultural production in the Sahel region.

01 Jun 2005 description

The OPEC Fund for International Development today signed a US$6.6 million loan agreement with the Islamic Republic of Mauritania to help finance a major water supply project in the capital, Nouakchott. By diverting water from the Senegal River, the project aims to satisfy domestic and industrial demand in the city up until the year 2030.

Mauritania is an arid country and is currently experiencing one of its driest years ever.

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.