Africa - a bright future?
Oct 2018 issue of the OFID Quarterly
Do we have the energy?
Sustainable Development to 2030 and beyond
Energy Access Platform
To help achieve Sustainable Development Goal 7 on universal energy access by tapping into the leadership, technology and experience of the energy industry
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OFID’s Governing Board approves over US$328m for operations in developing countries

OFID has approved more than US$328 million of new funding to benefit developing countries across the globe. The 165th Session of OFID’s Governing Board approved the funding at the organization’s Vienna.   
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OFID supports the water and sanitation sector in Córdoba, Argentina

OFID has today signed a US$60 million loan agreement with the Province of Córdoba, Argentina to help improve health and living conditions in the region for around 418,000 people by building new sanitation systems.
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OFID helps Cameroon boost energy potential

OFID has signed a term loan of up to €50 million with Nachtigal Hydropower Company (NHPC) for the development, construction and operation of a 420 MW hydropower plant in Cameroon..  
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OFID supports energy security in Egypt

OFID is contributing US$50 million to support Egypt’s purchase of crude oil, petroleum products and liquefied natural gas via a mudaraba (participation) agreement with the International Islamic Trade Finance Corporation (ITFC).  
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Dr Abdulhamid Alkhalifa, a Saudi Arabian national, was elected Director-General and Chief Executive Officer of OFID at the institution’s June 2018 Ministerial Council meeting. Dr Alkhalifa officially assumed his post on November 1, 2018.  

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