OPEC Fund for International Development

E45494

The OPEC Fund for International Development is a multilateral development finance institution that provides loans, grants, and technical assistance to support economic and social progress in developing countries.

Aliases (1)

Statements (48)
Predicate Object
instanceOf intergovernmental organization
multilateral development finance institution
abbreviation OFID
beneficiary developing countries
low-income countries
middle-income countries
continent Europe
cooperatesWith United Nations agencies
World Bank
regional development banks
foundedBy Organization of the Petroleum Exporting Countries
foundingOrganization OPEC
fundingSource OPEC member countries
reflows from its operations
grantsTo public sector entities in developing countries
hasFocusArea agriculture
climate-related projects
education
energy
financial sector development
health
infrastructure
private sector development
transport
water and sanitation
hasGlobalReach true
headquartersCountry Austria
headquartersLocation Vienna
inception 1976
legalForm international organization
loansTo private companies in developing countries
sovereign governments
state-owned enterprises
memberOf Arab Coordination Group
officialLanguage English
purpose promote economic development in developing countries
strengthen financial cooperation between OPEC member countries and other developing countries
support social progress in developing countries
sector development finance
international development
service grants
private sector financing
project finance
sovereign loans
technical assistance
trade finance
shortName OPEC Fund
website https://www.opecfund.org


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