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OFID increases unfunded risk sharing program with Standard Chartered Bank

OFID has increased the unfunded trade finance risk sharing program with Standard Chartered (SC) Bank from US$1Bn to US$1.5 Bn. The agreement was signed by OFID Director-General Mr Suleiman J Al-Herbish and SC Head of Trade, Product Management, Mr Michael Vrontamitis.

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OFID funds solar energy projects in Honduras

OFID has joined the IFC and CABEI in a syndicated facility totaling some US$146m to fund construction of three solar voltaic power projects in Honduras. With a combined capacity of 81.7MW, the three projects represent the largest solar power development in Central America to date.

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OFID Director-General Al-Herbish meets with Nicaraguan President-Ortega

OFID symposium on petroleum industry and universal energy access concludes

OFID has concluded a symposium it hosted in collaboration with the World Petroleum Council (WPC). The symposium, which was opened by OFID Director-General Mr Suleiman J Al-Herbish and WPC President Dr József Toth, aimed at rallying the petroleum industry’s corporate social responsibility (CSR) resources to garner support for universal energy access.

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OFID fights energy poverty in Kenya

OFID's dedicated HIV/AIDS program supports a wide range of initiatives in 103 countries

 

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