Public sector operations are co-financed with the governments of recipient countries and frequently with other donors, including regional development banks, UN agencies and the bilateral and multilateral development agencies of OPEC Member Countries. This is in keeping with the Global Partnership for Effective Development Cooperation and the four shared principles of development: ownership of development priorities by developing countries; a focus on results; inclusive partnerships; and transparency and accountability. To encourage sustainability, OFID’s public sector operations also focus on capacity building and institution strengthening.
- What we offer
- Public Sector Lending
Public Sector Lending
Commitments by Focus Area
Total commitments: US$ 15,223.29m
- Water & Sanitation
Also included under the umbrella of public sector operations is OFID’s contribution to debt relief via the Heavily Indebted Poor Countries (HIPC) initiative. OFID has supported the initiative since its inception in 1996, utilizing several mechanisms to provide its relevant share of debt relief to 25 eligible partner countries. These include loans worth $274m that were made available to ease the debt burden of these countries, together with debt restructuring operations.