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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Highlights Minimize

OFID joins ITFC to support cotton trade in Burkina Faso

OFID is contributing €40 million to support cotton trade and economic growth in Burkina Faso via a participation agreement with the International Islamic Trade Finance Corporation (ITFC).
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OFID support energy access in Burkina Faso

OFID is contributing US$50 million in support of Burkina Faso’s energy access via a mudaraba (participation) agreement with the International Islamic Trade Finance Corporation (ITFC).
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OFID supports the Maldives’ energy access

OFID is participating with US$35 million in financing syndicated by the International Islamic Trade Finance Corporation (ITFC) in favor of the State Trading Organisation (STO) in the Maldives.
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News & Events Minimize

OFID commits US$75 million to energy access in the Dominican Republic

OFID  signed a US$75 million loan agreement with the Dominican Republic to support growth and living standards by helping to improve access to energy.
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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 health and living standards in Malawi

OFID has today signed US$12 million public sector loan agreement with Malawi for a project aimed at improving health and living standards for circa 125,000 people.
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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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