We use cookies to improve your experience. By your continued use of this site you accept such use.
OFID
Source: OFID |

Unique and more essential than ever

OPEC Fund marks 45 years of driving development, member countries commit to further contribution

The OPEC Fund for International Development (the OPEC Fund) (www.OPECFund.org) marks its 45th anniversary today. Since inception, the multilateral development finance institution has approved more than US$25 billion in essential financing for 135 partner countries.   Established in 1976 with a distinct mandate to drive development, strengthen communities and empower…

OFID
Source: OFID |

The OPEC Fund and West African Development Bank (BOAD) boost cooperation in Western Africa

The agreement focuses on increased engagement and knowledge-sharing between the two institutions and ensures enhanced cooperation in co-financing public and private sector projects

The OPEC Fund for International Development (the OPEC Fund) (www.OPECFund.org) and the West African Development Bank (BOAD) have signed a Framework Agreement to further strengthen their development cooperation in the member countries of the Western African Economic and Monetary Union (WAEMU): Benin, Burkina Faso, Côte-d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and…

OFID
Source: OFID |

The OPEC Fund approves US$20m for SMEs in East Africa

The bank is expanding its resource mobilization activities to meet the growing financing needs of SMEs

The OPEC Fund for International Development (the OPEC Fund) (www.OPECFund.org) has signed a US$20 million term loan in favor of East African Development Bank (EADB). EADB will use the loan to support small- and medium-size enterprises (SMEs) and infrastructure projects in East Africa. EADB is an important regional development institution…

OFID

  • Multimedia content

  • Images (2)
    • Dr Abdulhamid Alkhalifa, Director-General of the OPEC Fund for International Development and Burkina Faso’s Minister of Economy, Finance and Development, Lassané Kabore, sign a US$20 million development loan to help finance Burkina Faso’s Agricultural Value Chain Support Project (PAPFA) (Photo credit - OPEC Fund/Idrissa Ouedraogo) (1)
    • Dr Abdulhamid Alkhalifa, Director-General of the OPEC Fund for International Development and Burkina Faso’s Minister of Economy, Finance and Development, Lassané Kabore, sign a US$20 million development loan to help finance Burkina Faso’s Agricultural Value Chain Support Project (PAPFA) (Photo credit - OPEC Fund/Idrissa Ouedraogo) (2)
  • Links (1)
  • All (3)
Source: OFID |

The OPEC Fund signs US$20m loan with Burkina Faso, attends inauguration of health and education facilities

Agricultural Value Chain Support Project (PAPFA) aims to contribute to poverty alleviation and to enhance food security in Burkina Faso

The Director-General of the OPEC Fund for International Development (the OPEC Fund) Dr Abdulhamid Alkhalifa has signed a US$20 million development loan to help finance Burkina Faso’s Agricultural Value Chain Support Project (PAPFA). Dr Alkhalifa signed the loan in Ouagadougou with Burkina Faso’s Minister of Economy, Finance and Development, Lassané…

OFID
Source: OFID |

2019 OFID Annual Award for Development recognizes Vida Duti’s remarkable water and sanitation work in Ghana

Duti attended a presentation ceremony at The OPEC Fund for International Development (OFID)’s headquarters during the 40th Annual Session of the organization’s Ministerial Council in Vienna

The 2019 The OPEC Fund for International Development (OFID) (http://www.OFID.org/)Annual Award for Development has been conferred upon Vida Duti, in recognition of her remarkable work in striving for sustainable water, sanitation and hygiene (WASH) services for the population of Ghana. Duti, who is Country Director of the IRC International Water…

OFID
Source: OFID |

The OPEC Fund for International Development (OFID) launches new strategy, sets sights on sustainable growth and maximum development impact

The OPEC Fund for International Development (OFID) will embark on a journey to diversify its financial resources and to implement a coherent and consistent set of actions

OFID’s (http://www.OFID.org/) highest policy-making body, the Ministerial Council, held its 40th Annual Session in Vienna, Austria, and approved the general principles of OFID’s new Strategic Framework. The new strategy affirms OFID’s commitment to providing support to developing countries – especially low-income countries – in an increasingly complex and challenging development…