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12 Oct 2015 description

Director General signs loan agreements with ten partner countries

Vienna, Austria October 12, 2015. A delegation from the OPEC Fund for International Development (OFID), headed by Director-General Suleiman J Al-Herbish, has concluded a high-level mission to Lima, Peru, to attend the 2015 Annual Meetings of the World Bank and the International Monetary Fund (IMF), as well as a number of other important meetings.

22 Jul 2015 description

Vienna, Austria, July 22, 2015. Over 30 partner countries stand to benefit from the latest round of financing approved at the 151st Session of the Governing Board of the OPEC Fund for International Development (OFID).

See the full press release

Grant funding totaling US$4.24m was also approved for the following:

17 Dec 2014 description

Vienna, Austria, December 16, 2014. Over 20 partner countries stand to benefit from the latest round of financing approved at the 149th Session of the Governing Board of the OPEC Fund for International Development (OFID).

Public sector approvals amounting to nearly US$260m will support the following projects:

Armenia

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.

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.