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GOVERNING BOARD While the OPEC Fund has now billion in support of development operations across the


globe, the new strategy focuses firmly on the partnerships that make its work possible and the people it aims to empower


hasnow approved more than US$25 The OPEC Fund's new strategy


focuses firmly on the partnerships that make its work possible and the people it aims to empower.


sector oper


sector operations. C -financed with eight other lenders, this project with a total cost of US$647 million represents one of the largest foreign direct investments in the country’s history. The plant is expected to increase Nepal’s electricity supply by one-third and provide clean, reliable power to nine million residents.


. Co-financed with eight Dr Alkhalifa also notes the OPEC Fund’s work


in Niger, where the organization is working with partners including the African Development Bank to finance a project with a total cost of US$196 million to improve food security for


more than 1.4 million people by constructing and All 2019 OPEC Fund approvals are documented


e than 1.4 million people by constructing and rehabilitating rural infrastructure.


in the Annual Report, and the corresponding development operations are set to make a significant difference to the lives of people in many underserved communities all over the world. Addressing the organization’s internal


operations, Dr Alkhalifa writes: “...progress is underlined by our strong balance sheet, driven by continued healthy growth in operational assets


and prudent risk management. All this, of course, means more resources to focus on what we do best: supporting essential development projects across the world.” “We look forward to further successes – and to making an even bigger development impact – during 2020 and beyond,” he concludes.


and prudent risk manag


See the OPEC Fund’s 2019 highlights below and view the digital version of the Annual Report in four languages here: https://opecfund.org/publications


New framework agreement signed with the World Bank Middle East and North Africa (MENA) to strengthen collaboration and enhance development effectiveness across common beneficiary countries.


First private sector partnership with the Asian Infrastructure Investment Bank (AIIB) for on- lending to finance infrastructure operations in Egypt.


Latin America and the Caribbean region to receive new development finance of:


US$122m .


The OPEC Fund and the Eastern and Southern African Trade and Development Bank (TDB) sign agreement to deepen partnership for private sector development.


The OPEC Fund launches its new website to showcase its development work and impact in a clearer and more effective way. See opecfund.org


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