Established in 1976, the OPEC Fund for International Development is the only global development institution that provides financing from its 12 member countries exclusively to non-member countries to reduce global poverty and foster sustainability.


To date, the OPEC Fund has contributed to over 4,000 development projects in more than 125 partner countries for a total value of some US$190 billion.


The OPEC Fund combines support for long-term challenges such as the delivery of the SDGs in low and middle income countries with short-term emergencies such as, most recently, the COVID-19 pandemic. The Fund aims to meet these challenges by adapting quickly to remain relevant and


by aligning more closely with global goals in order to re- spond to partner countries’ and clients’ development needs.


The Fund responded to the global health crisis with the launch of a US$1 billion program and the introduction of fast-track procedures, which have allowed for the full utili- zation of the facility by the close of 2021 (see also pp 17).


In addressing global concerns, the OPEC Fund works with governments, the private sector and the international devel- opment community to boost economic resilience, stimulate economic growth and promote social progress around the world. The Fund offers loans, trade finance, grants and equity to its development partners.


OUR VISION


A world where sustainable development is a reality for all.


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