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DEVELOPMENT NEWS


EVOLVOLUTION FA


OF A T


he OPEC Fund for International Development has refreshed


its branding. An evolved logo and new ways


of communicating bring the organization’s 45-year legacy into sharper focus and introduce clearer, more engaging messaging. We will be sharing more stories


and testimonials about how we help drive development, strengthen communities and empower people. We will shine an even brighter light on our people and partners, share our development knowledge more widely and contribute regularly to the debate on best practice. Given the current challenges the world faces, collaboration is more important


22 F A


than ever before. We now abbreviate our name to the OPEC Fund (instead of OFID) and our new logo (downloadable from opecfund.org) represents sustainability and our proactive approach to meeting partner needs in a changing development landscape. Good examples of this agility are the loans we have approved via a fast-track process to help developing countries mitigate, contain and recover from the effects of the COVID-19 pandemic. In recent weeks alone, the OPEC Fund has approved US$235 million in public and private sector lending to support COVID-19 responses across the globe. Under the organization’s Private Sector and


Our refreshed branding is reflective of our renewed energy – we are determined to make an even bigger development impact...


BRAND AND


Trade Finance Facility, US$60 million was also approved to support SMEs in Asia and Latin America, and to strengthen agricultural supply in hard- hit African countries (also see more approvals on pages 42-45). The logo’s dark blue color


represents continuation, while the lighter blue alludes to our shared heritage with OPEC member countries. The yellow color conveys optimism about the future. These colors also identify us with the Sustainable Development Goals. Thank you to our partners


everywhere. We look forward to continued teamwork toward a world where sustainable development is a reality for all.


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