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 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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Heads of OFID and OPEC discuss partnership and cooperation

OFID Director-General Abdulhamid Alkhalifa recently visited OPEC Secretary General Mohammad Sanusi Barkindo in Vienna. Discussions focused on continued cooperation and partnership in support of global markets and the United Nations Sustainable Development Goals. OFID – the OPEC Fund for International Development – is the development finance institution established by the member states of OPEC in 1976 as a channel of aid to developing countries. Dr Alkhalifa outlined OFID’s current activities in support of developing country partners to stimulate growth and alleviate poverty in all disadvantaged regions of the world.

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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