OPEC FUND FOR INTERNATIONAL DEVELOPMENT


Associated tags: Renewable energy, International development, OPEC Fund for International Development, Food, Employment, Education, MSME-Champions, OPEC, Fitch, AA, S&P, Agriculture, Private sector, Sustainable development, Woman, COVID-19, Development, Food security, Sustainable Development Goals

Locations: US, ZIMBABWE, PAKISTAN, BENIN, NIGER, BOTSWANA, EGYPT, UNITED KINGDOM, UNITED STATES OF AMERICA, FRANCE, GERMANY, SPAIN, BHUTAN, NEW YORK, LATIN AMERICA, TANZANIA, MIDDLE EAST, VIETNAM, ASIA, COLOMBIA, AUSTRIA, ALBANIA, AFRICA, AZERBAIJAN, ARMENIA, PARAGUAY, BANGLADESH, CENTRAL ASIA, LIBERIA

OPEC Fund delivers record results in 2023 with US$1.7 billion in development funding

Retrieved on: 
Monday, January 29, 2024

The organization was established 48 years ago and the 2023 results represent a record in new commitments.

Key Points: 
  • The organization was established 48 years ago and the 2023 results represent a record in new commitments.
  • OPEC Fund Director-General Dr. Abdulhamid Alkhalifa said: "In 2023, the OPEC Fund increased its impact through the delivery of development support in a challenging global environment.
  • We were also able to leverage our partnerships to mobilize development support by working with multilateral development banks and development finance institutions such as the Arab Coordination Group.
  • The issuance of the OPEC Fund's benchmark SDG bond raised US$1 billion for sustainable development projects.

OPEC Fund delivers record results in 2023 with US$1.7 billion in development funding

Retrieved on: 
Monday, January 29, 2024

The organization was established 48 years ago and the 2023 results represent a record in new commitments.

Key Points: 
  • The organization was established 48 years ago and the 2023 results represent a record in new commitments.
  • OPEC Fund Director-General Dr. Abdulhamid Alkhalifa said: "In 2023, the OPEC Fund increased its impact through the delivery of development support in a challenging global environment.
  • We were also able to leverage our partnerships to mobilize development support by working with multilateral development banks and development finance institutions such as the Arab Coordination Group.
  • The issuance of the OPEC Fund's benchmark SDG bond raised US$1 billion for sustainable development projects.

OPEC Fund approves over US$600 million in new financing for global development

Retrieved on: 
Thursday, December 14, 2023

VIENNA, Dec. 14, 2023 /PRNewswire/ -- The OPEC Fund for International Development (the OPEC Fund) has approved more than US$600 million in new development financing at the meeting of its Governing Board today and in the final quarter of 2023.

Key Points: 
  • VIENNA, Dec. 14, 2023 /PRNewswire/ -- The OPEC Fund for International Development (the OPEC Fund) has approved more than US$600 million in new development financing at the meeting of its Governing Board today and in the final quarter of 2023.
  • The 18 new projects reflect the OPEC Fund's commitment to advancing sustainable social and economic development in its partner countries.
  • OPEC Fund Director-General Abdulhamid Alkhalifa said: "In 2023 we continued to strengthen our impact and increase commitments in support of sustainable social and economic development in our partner countries all across the globe.
  • Liberia: A US$20 million loan will support the Mano River Union Road Development and Transport Facilitation Project (Liberia Section).

OPEC Fund approves over US$600 million in new financing for global development

Retrieved on: 
Thursday, December 14, 2023

VIENNA, Dec. 14, 2023 /PRNewswire/ -- The OPEC Fund for International Development (the OPEC Fund) has approved more than US$600 million in new development financing at the meeting of its Governing Board today and in the final quarter of 2023.

Key Points: 
  • VIENNA, Dec. 14, 2023 /PRNewswire/ -- The OPEC Fund for International Development (the OPEC Fund) has approved more than US$600 million in new development financing at the meeting of its Governing Board today and in the final quarter of 2023.
  • The 18 new projects reflect the OPEC Fund's commitment to advancing sustainable social and economic development in its partner countries.
  • OPEC Fund Director-General Abdulhamid Alkhalifa said: "In 2023 we continued to strengthen our impact and increase commitments in support of sustainable social and economic development in our partner countries all across the globe.
  • Liberia: A US$20 million loan will support the Mano River Union Road Development and Transport Facilitation Project (Liberia Section).

COP28: OPEC Fund to expand partnerships and launch new initiatives to strengthen climate resilience and promote global food security

Retrieved on: 
Wednesday, November 29, 2023

VIENNA, Nov. 29, 2023 /PRNewswire/ -- The OPEC Fund for International Development (the OPEC Fund) is launching new initiatives and strengthening partnerships at the UN Climate Change Conference COP28 in Dubai, United Arab Emirates.

Key Points: 
  • VIENNA, Nov. 29, 2023 /PRNewswire/ -- The OPEC Fund for International Development (the OPEC Fund) is launching new initiatives and strengthening partnerships at the UN Climate Change Conference COP28 in Dubai, United Arab Emirates.
  • During the two-week conference in Dubai the OPEC Fund will have a substantial presence at its own pavilion in the Blue Zone.
  • Aligned with its Climate Action Plan, the OPEC Fund is increasing climate adaptation, mitigation and resilience investments in energy, transport, agriculture, food, water and smart cities.
  • In 2022, the OPEC Fund launched a US$1 billion Food Security Action Plan in response to global supply chain disruption and in recognition of the impact of climate change on medium- and long-term food production.

COP28: OPEC Fund to expand partnerships and launch new initiatives to strengthen climate resilience and promote global food security

Retrieved on: 
Wednesday, November 29, 2023

VIENNA, Nov. 29, 2023 /PRNewswire/ -- The OPEC Fund for International Development (the OPEC Fund) is launching new initiatives and strengthening partnerships at the UN Climate Change Conference COP28 in Dubai, United Arab Emirates.

Key Points: 
  • VIENNA, Nov. 29, 2023 /PRNewswire/ -- The OPEC Fund for International Development (the OPEC Fund) is launching new initiatives and strengthening partnerships at the UN Climate Change Conference COP28 in Dubai, United Arab Emirates.
  • During the two-week conference in Dubai the OPEC Fund will have a substantial presence at its own pavilion in the Blue Zone.
  • Aligned with its Climate Action Plan, the OPEC Fund is increasing climate adaptation, mitigation and resilience investments in energy, transport, agriculture, food, water and smart cities.
  • In 2022, the OPEC Fund launched a US$1 billion Food Security Action Plan in response to global supply chain disruption and in recognition of the impact of climate change on medium- and long-term food production.

OPEC Fund Development Forum concludes with commitments to progress sustainable development

Retrieved on: 
Wednesday, June 21, 2023

OPEC Fund Director-General Dr. Alkhalifa said: "In its second year the OPEC Fund Development Forum again provided a platform for increased collaboration and decisive action from our partners.

Key Points: 
  • OPEC Fund Director-General Dr. Alkhalifa said: "In its second year the OPEC Fund Development Forum again provided a platform for increased collaboration and decisive action from our partners.
  • We remain firmly committed to addressing pressing global issues and to extending our resources in support of sustainable development."
  • Signings and announcements during the Development Forum included:
    The OPEC Fund signed a US$20 million loan agreement with Access Bank Botswana to extend financial support to micro, small and medium-sized enterprises in the country.
  • The OPEC Fund and the Asian Development Bank signed a co-financing agreement to support Thailand's new economic model for sustainable development.

OPEC Fund Development Forum concludes with commitments to progress sustainable development

Retrieved on: 
Wednesday, June 21, 2023

OPEC Fund Director-General Dr. Alkhalifa said: "In its second year the OPEC Fund Development Forum again provided a platform for increased collaboration and decisive action from our partners.

Key Points: 
  • OPEC Fund Director-General Dr. Alkhalifa said: "In its second year the OPEC Fund Development Forum again provided a platform for increased collaboration and decisive action from our partners.
  • We remain firmly committed to addressing pressing global issues and to extending our resources in support of sustainable development."
  • Signings and announcements during the Development Forum included:
    The OPEC Fund signed a US$20 million loan agreement with Access Bank Botswana to extend financial support to micro, small and medium-sized enterprises in the country.
  • The OPEC Fund and the Asian Development Bank signed a co-financing agreement to support Thailand's new economic model for sustainable development.

OPEC Fund Development Forum 2023: Unlocking synergies and funding opportunities for sustainable development

Retrieved on: 
Thursday, June 15, 2023

Addressing global development challenges under the over-arching theme "Driving Resilience & Equity", forum discussions will focus on opportunities to better finance sustainable development and secure transformational impact.

Key Points: 
  • Addressing global development challenges under the over-arching theme "Driving Resilience & Equity", forum discussions will focus on opportunities to better finance sustainable development and secure transformational impact.
  • With the OPEC Fund Development Forum we are demonstrating that we are committed to addressing these challenges head-on in concert with partner countries and institutions.
  • The OPEC Fund Development Forum brings together government leaders, ministers, heads of institutions, representatives from multilateral development banks, international organizations and private sector stakeholders.
  • For a full list of speakers and a detailed program, please visit the official OPEC Fund Development Forum 2023 website.

OPEC Fund Development Forum 2023: Unlocking synergies and funding opportunities for sustainable development

Retrieved on: 
Thursday, June 15, 2023

Addressing global development challenges under the over-arching theme "Driving Resilience & Equity", forum discussions will focus on opportunities to better finance sustainable development and secure transformational impact.

Key Points: 
  • Addressing global development challenges under the over-arching theme "Driving Resilience & Equity", forum discussions will focus on opportunities to better finance sustainable development and secure transformational impact.
  • With the OPEC Fund Development Forum we are demonstrating that we are committed to addressing these challenges head-on in concert with partner countries and institutions.
  • The OPEC Fund Development Forum brings together government leaders, ministers, heads of institutions, representatives from multilateral development banks, international organizations and private sector stakeholders.
  • For a full list of speakers and a detailed program, please visit the official OPEC Fund Development Forum 2023 website.