The OPEC Fund

The OPEC Fund for International Development

The OPEC Fund for International Development is a multilateral development finance institution established in 1976. Its 12 Member Countries are: Algeria, Ecuador, Gabon, Indonesia, IR Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab Emirates and Venezuela.

The organization works in cooperation with developing country partners and the international development community to support sustainable social and economic advancement in low- and middle-income countries around the world.

The OPEC Fund’s work is people-centred, focusing on financing projects that meet essential needs, such as food, energy, infrastructure, employment (particularly relating to MSMEs), clean water and sanitation, healthcare and education.

By providing public, private and trade sector financing, as well as grants, to countries and regions that often find funds difficult to secure, the organization is helping to solve challenges in a market-supportive manner, while promoting cooperation with and among more vulnerable parts of the world.

It is the only globally mandated development institution that provides financing from member countries to non-member countries exclusively.