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THE OPEC FUND AT 45


Jaafar Al-Mahdi Public Sector Operations,


Asia and Pacific, Acting Director Since launching, with partners


we have supported bulk terminals with 15 million tons of annual handling capacity.


stories &trade


Private finance sector Seeing our projects implemented, fr


to reality, and knowing that people of all ages benefit, is the most rewarding bit of m I have an engineering background, and I’v not necessarily always focused on people But our Communication Department, b asking me to photograph the people (r than a machine or a building) while on mission, have helped me to see that it people that matter most. Previouslyly, I would even ask people to move out of the w before I took a photograph. Now I see that the people are the gold star before, during e.





Albania is the first European country to benefit from OPEC Fund assistance


for the construction and equipping of a new hospital in Durres in 1993.


The establishment of a Private Sector Facility in the late 1990s meant that the OPEC Fund could begin to promote socio-


economic development through financing the establishment and growth of private enterprise and encouraging the development of local capital markets.


stories Public


from paper e of all ages of my job. , and I’ve people.


ent, by


ple (rather e on


at it’s the ould e way see that and at the end of the project cycle


stories staff


sector


Since launching, we have contributed to the construction and development of 11,360 km of roads and railways.


Shaimaa Al-Sheiby Public Sector Operations, MENA, Eastern Europe & Central Asia, Acting Director


stories staff


One project stands out because it tested our ability to adapt to change and unforeseen circumstances. It was a project in Pakistan, which we (together with our partners) studied, developed and financed for a specific purpose. Unfortunately, as soon as we approved the loan, the country suffered devastating floods and an earthquake. The entire project – including the financing – had to be redesigned. Given the change in scope, the cost doubled, which made many partners hesitant. But the OPEC Fund’s management could see the long-term benefits of providing more support. Our efforts inspired co-financiers and brought everyone together to get the project going again. It really moved me to see our leadership capabilities. We’re innovative and agile. Regardless of our smaller relative size, we’ll always lead when needed.


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