Dr Alkhalifa met with representatives of the Black Sea Trade and Development Bank, including Secretary General Aristotelis Spiliotis and President Dmitry Pankin, to discuss further development cooperation.


“The relationship with the OPEC Fund is very important,” said Maldives’ Minister of Finance, Ibrahim Ameer, as the country focuses on diversifying its economy. Briefing the Fund’s delegation, Ameer said the Maldives is concentrating efforts on developing agriculture, fisheries and social housing – 20,000 houses are planned in the next five years.


Dr Alkhalifa (formerly of the World Bank) met with Philippe Le Houérou, Chief Executive Officer of the International Finance Corporation (IFC). The two discussed innovative ways to work together more effectively in support of private sector development. The IFC is a sister organization of the World Bank and a member of the World Bank Group. It is the largest global development institution focused on the private sector in developing countries.


Pictured are Dr Alkhalifa and Yemen’s Minister of Planning and Cooperation who discussed how to best improve development cooperation. Since 2015, the OPEC Fund has provided six emergency assistance grants to support Yemen, particularly in relation to food security.


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