The OPEC Fund for International Development (OFID) is a multilateral development finance institution established in 1976. Our 12 Member Countries are: Algeria, Ecuador, Gabon, Indonesia, the Islamic Republic of Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab Emirates, and the Bolivarian Republic of Venezuela.
We are dedicated to improving people’s lives by providing public, private, and trade sector financing, as well as grants, to support sustainable social and economic advancement across the globe.
Our efforts strengthen infrastructure and human capacity across inter-related fields such as energy, transportation, agriculture, water and sanitation, health, and education, in some 134 countries.
134 Partner Countries
While we continuously strive to build on our founding principle of South-South solidarity — particularly with low-income countries — we have recently set ourselves the goal of maximizing our development impact in an increasingly complex and challenging development landscape.
By providing affordable development finance to countries and regions that often find funds difficult to secure, we are helping solve market challenges in a market-supportive manner, while promoting cooperation with and among more vulnerable parts of our world.
Our resources are comprised of voluntary contributions made by our member countries and accumulated reserves derived from our decades of operation (i.e. loan repayments and investments).
All developing countries, with the exception of OFID or OPEC Member Countries, are in principle eligible for our assistance.