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16 May 2017 description

Water: Are we all too wet behind the ears?

March 22 marked World Water Day; a day when we’re all supposed to take action to tackle the water crisis. But how many people even know there’s a crisis to be tackled? Certainly, a good few in the developing world will be aware that there’s something not quite right, since a full 1.8 billion of them still use a contaminated source of drinking water. This puts them at risk of contracting cholera, dysentery, typhoid and polio.

09 Feb 2017 description

The New Urban Agenda: Seeing the bigger picture

Sustainable urbanization, as defined in the New Urban Agenda adopted at the Habitat III Summit in October 2016, has been hailed as a positive, transformative force for development. A process that, if properly planned and managed, will usher in a new era of wellbeing, resource efficiency and economic growth for billions of city dwellers.

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.

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.