- Who we are
- Facts & Figures
Facts & Figures
OFID was established by OPEC member countries in 1976.
OFID’s cumulative commitments to sustainable development amount to more than US$24.5 billion. *
Funding under OFID’s private sector and trade financing windows has benefited more than 500,000 MSMEs.
OFID has approved almost 4,000 projects across Public (1,588); Private and Trade Finance (485) sectors, as well as Grants (1,877). *
OFID bestows an Annual Award for Development to recognize the achievements of organizations and/or individuals working towards poverty reduction and sustainable development. Introduced in 2006, the award includes US$100,000 in prize funds.**
*As of Aug 31, 2019
**Prize funds were divided equally when two recipient organizations were awarded in 2014.