Hot off the press: Special Anniversary Issue
January 2016 issue of the OFID Quarterly
Call for applications
OFID is now accepting applications for its 2016/2017 Scholarship
OFID and its Energy for the Poor Initiative
Learn more about OFID's role in helping eradicate energy poverty
Energy: The Key for Sustainable Development
Selected statements of OFID Director-General Suleiman J Al-Herbish
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OFID Director-General Suleiman Al-Herbish and Roberto Valent, UNDP

OFID commemorates 40th Anniversary

Jan 28, 2016,  marked 40 years of OFID's dedicated support to poverty eradication and socioeconomic development. What started life as a temporary account—the OPEC Special Fund—has evolved into an international development finance institution with a total S$19bn in commitments for more than 3,500 operations across 134 countries worldwide.

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OFID signs first-ever trade finance loan for Guatemala

OFID has signed its first-ever trade finance loan for Guatemala. The US$5m term loan is being extended to Banco Promerica (BP) to finance international trade activities of the bank; which will in turn benefit the people of Guatemala.

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Partnership and financing crucial for achieving the 2030 Development Agenda

An adequate level of development financing is a pre-requisite for achieving the ambitious objectives of the 2030 Global Development Agenda. Such financing should include more and better bilateral and multilateral development cooperation, private sector investment and domestic resource mobilization, as well as innovative approaches to supplementing official development assistance (ODA).

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OFID sponsored OYW delegate Paul Oluwabunmi