At the 2024 World Bank-IMF Annual Meetings, the OPEC Fund for International Development announced nearly half a billion dollars in financing commitments to partner countries, aligning with global development goals in energy, climate resilience, and socio-economic advancement.
The OPEC Fund for International Development, a multilateral development finance institution headquartered in Vienna, Austria, expanded its new commitments to USD 1.7 billion across 55 projects globally in 2023, providing funding to address climate change and energy transition, support social
A new USD60 million loan by the OPEC Fund for International Development (OFID) and partners is expected to significantly strengthen energy security in northwest Tanzania.
Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, has participated in the second OPEC Fund Development Forum and the 44th session of the Ministerial Council of the OPEC Fund for International Development, which were held in Vienna, Austria.