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.
A decade of transformation covers the years 2003 through 2013 - a period of dramatic change at OFID. This transformation is well reflected in the operational and financial results of those years, which were the outcome of a process of strategic repositioning, organization strengthening and financial realignment. These developments enabled the institution to substantially enhance the execution of its mandate and consolidate its standing as a prominent and respected player in the global development arena.
Español: Una década de Transformación