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OPEC Fund

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    • OPEC Fund Director General, Dr Abdulhamid Alkhalifa
    • OPEC Fund Building Inside
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Source: OPEC Fund |

The OPEC Fund for International Development (OPEC Fund) approves close to US$1 billion in new development financing

These projects will benefit countries across the globe and aim to bolster infrastructure, food security, renewable energy, economic resilience and governance in partner countries

The OPEC Fund for International Development (OPEC Fund) (www.OPECFund.org) has approved close to US$1 billion in new development financing over the last quarter of 2024, including during its 190th Governing Board meeting in Vienna today. These projects will benefit countries across the globe and aim to bolster infrastructure, food security,…

OPEC Fund

  • Multimedia content

  • Images (2)
    • OPEC Fund President Abdulhamid Alkhalifa, OPEC Fund Headquarters Vienna
    • OPEC Fund Building Inside
  • All (2)
Source: OPEC Fund |

OPEC Fund for International Development (the OPEC Fund) first sustainability-linked financing to boost agriculture in Africa

The financing will enhance ETG’s working capital, strengthen food systems and support the livelihoods of more than 600,000 smallholder farmers across sub-Saharan Africa

The OPEC Fund for International Development (the OPEC Fund) (www.OPECFund.org) has signed a US$40 million loan as part of a US$394 million sustainability-linked loan for ETC Group (ETG), one of Africa’s largest agricultural commodity supply chain managers. The financing will enhance ETG’s working capital, strengthen food systems and support the…

OPEC Fund
Source: OPEC Fund |

OPEC Fund extends $50m for poverty reduction in Tanzania

The project will build rural infrastructure to boost economic opportunities and improve access to social services for more than 900,000 people

The OPEC Fund for International Development (the OPEC Fund) (https://OPECFund.org) has signed a US$50 million loan with Tanzania to finance the ‘Fourth Tanzania Poverty Reduction Project’.  The project will build rural infrastructure to boost economic opportunities and improve access to social services for more than 900,000 people. Although Tanzania has…