Meeting in its 145th Session, OFID's Governing Board has approved financing over US$403m to boost socio-economic development in over 35 partner countries. Of the new commitments, some US$306.04m went to support 14 public sector loans and seven grants. The bulk of the public sector funding will co-finance transportation, education, energy, poverty reduction, and water supply and sanitation projects.
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December 9: OFID welcomed a delegation from the Republic of Niger for a co-financiers meeting to review implementation of the Kandadji Dam Project
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Dec 6: OFID joins the millions of people in South Africa and around the world mourning the passing of Nelson Mandela. “Mandela was one of the greatest statesmen of all time,” said OFID Director-General, Suleiman J Al-Herbish, in tribute to the former South African President and human rights activist. » Read more
OFID joins world in mourning Mandela
OFID commemorates World AIDS Day
Central Asia: Providing food security beyond borders
There are various fraudulent schemes whose authors purport to be OFID personnel or agents or otherwise associated with OFID. Frequently, but not exclusively, such schemes take the form of emails, rogue websites, faxes or telephone calls to unsuspecting members of the public. Increasingly, fraud takes the form of internet correspondence known as ‘Phishing’; a fraudulent practice in which email messages, instant messages and websites are used to dupe individuals into disclosing personal or confidential information. Many of these scams request detailed personal information for purposes such as: invitations to fictitious, OFID-sponsored conferences; front-end fees or advance payments; registration or processing fees. In return, such scams promise recipients OFID financial assistance. These scams sometimes carry the OFID logo and derive from e-mail addresses designed to look confusingly similar to OFID addresses.
OFID wishes to warn members of the public of these fraudulent practices which do not originate from, or are associated with, OFID. It is strongly recommended that recipients of any solicitations purporting to be from or associated with OFID use extreme caution in order to verify their genuineness before sending any response.
As an infallible rule, OFID does not extend loans or any other form of financing to individuals. It also does not charge any fees before a legally binding financing agreement is concluded between OFID and a beneficiary company or corporation. Nor is it OFID policy to charge any fees for attending seminars or conferences. Furthermore, OFID does not operate a lottery.
Scams may take a myriad of forms, in addition to those described above. The need for caution and vigilance cannot be over-emphasised.