News & Events

OFID extends loan to Ardshinbank of Armenia

Vienna, Austria, April 1, 2015. The OPEC Fund for International Development (OFID) has signed a US$10million loan agreement with Armenia’s Ardshinbank to be used for on-lending to SMEs involved in the construction and operation of small-scale hydropower plants (SHPPs). 

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Access to food-water-energy is an important factor for development: Al-Herbish addresses delegates at international conference in Cairo

The Director-General of OFID, Mr Suleiman J Al-Herbish, has stressed that access to food, clean water and modern energy services is critical for nations to achieve their development goals.

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