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MINISTERIAL COUNCIL


40TH ANNUAL SESSION OF OFID’S MINISTERIAL COUNCIL


OFID launches new strategy, sets sights on sustainable growth and maximum development impact


OFID’s highest policy-making body, the Ministerial Council, held its 40th Annual Session in Vienna, Austria, and approved the general principles of OFID’s new Strategic Framework. The new strategy affirms OFID’s commitment to providing support to developing countries – especially low-income countries – in an increasingly complex and challenging development landscape.


At the Ministerial Council meeting, OFID Director- General Dr Abdulhamid Alkhalifa said: “OFID’s vision is to be a relevant, agile and efficient development finance institution that can deliver maximum development impact to its partner countries, while becoming self-sustainable in financing its operations.”


OFID will embark on a journey to diversify its financial resources and to implement a coherent and consistent


set of actions aimed at creating greater efficiency and equipping the organization with more innovative and responsive operational and financial instruments. For more information, see pages 4 to 7.


In keeping with previous years, a highlight of the Ministerial Council’s public session was the presentation of the OFID Annual Award for Development. The 2019 Award was bestowed on Vida Duti – Country Director of the IRC International Water and Sanitation Centre in Ghana – in recognition of her remarkable work and engagement in ensuring sustainable water, sanitation and hygiene (WASH) services for the population of Ghana. See pages 38 to 39 for more information.


The Ministerial Council comprises the finance ministers and other high-level representatives of OFID member countries. It meets once a year.


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