OFID at a Glance

The OPEC Fund for International Development (OFID) is the development finance institution established by the Member States of OPEC in 1976 as a collective channel of aid to the developing countries. OFID works in cooperation with developing country partners and the international donor community to stimulate economic growth and alleviate poverty in all disadvantaged regions of the world. It does this by providing financing to build essential infrastructure, strengthen social services delivery and promote productivity, competitiveness and trade. OFID’s work is people-centered, focusing on projects that meet basic needs - such as food, energy, clean water and sanitation, healthcare and education – with the aim of encouraging self-reliance and inspiring hope for the future.


Special Anniversary Issue of the OFID Quarterly: 40 years Uniting against Poverty. As OFID celebrates the fortieth anniversary of its founding, the Quarterly looks back on an extraordinary journey of transformation from a temporary financial facility to a pioneering development partner.




Genesis & Evolution Maximize
The Aims Maximize
The Means Maximize
The Resources Maximize
The Co-financing partners Maximize

 The first loan from the "OPEC Special   Fund," December 23, 1976 

Governing Board in Session in Vienna, January 28, 1981

Initialing the Headquarters Agreement April 21, 1981