Of the $1,498.72m approved during 2018: $386m was for energy; $296.1m for transport; $242.2m for financial operations; $173.4m for agriculture; $166.5m for water and sanitation; $140.5m for health; $55m for industry; $32.8m for multisectoral operations; $3.4m for education; and $3m for emergency relief operations.


While OFID’s public sector lending remains central to the organization’s work, providing private sector lending, trade finance support, and grants and technical assistance remains vital to increase OFID’s developmental impact. During 2018, $731.7m was approved for OFID public sector operations,


As in previous years, the organization worked hard to support the United Nations Sustainable Development Goals (SDGs) – the global agreement on how to focus development – through financing essential infra- structure, strengthening social services and promoting productivity, competitiveness and trade in all developing regions.


$746m was approved for the organiza- tion’s private sector and trade finance borrowers, and $21m for grant opera- tions. All these financial mechanisms are important in helping to balance OFID’s commitment to alleviating poverty with the organization’s need to secure its own financial stability.


It goes without saying that OFID is grateful for the support and guidance it receives from Member Countries Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates and Venezuela – as are, no doubt, the hundreds of thousands of people who benefit from the organization’s work each year.


Abdulhamid Alkhalifa Director-General, OFID


11


Photo: OFID/Abdullah Alipour Jeddi


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