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.

 

Genesis & Evolution Maximize
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The Aims Maximize
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The Means Maximize
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The Resources Maximize
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The Beneficiaries Maximize
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 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

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