The OPEC Fund for International Development – OFID
The OPEC Fund for International Development – OFID is a other that is part of the pulse of the water sector. Here we bring together everything it publishes on Smart Water Magazine: its news, its blogs and the events it takes part in.
OPEC Fund approves close to US$1.2 billion new development funding
The OPEC Fund for International Development (the OPEC Fund) is significantly stepping up its development support with nearly US$1.2 billion in new funding since June. The latest projects approved by the Governing Board, which met for its 189th session today, support smallholder farmers and businesses, promote the construction of resilient infrastructure, provide clean water & sanitation […]
OPEC Fund approves over US$300 million in new financing and delivers on its Climate Action Plan
The OPEC Fund for International Development (the OPEC Fund) has approved more than US$300 million in new financing in the first quarter of 2023, reflecting the institution’s commitment to fulfilling its Climate Action Plan. Three out of the four projects approved by the OPEC Fund’s Governing Board directly support climate finance. Director-General Dr. Abdulhamid Alkhalifa said: […]
OPEC signs US$15 million loan to boost water supply and expand sanitation systems in Dowa, Malawi
The OPEC Fund for International Development has signed a US$15 million loan agreement with the government of Malawi to boost water supply and expand sanitation systems in Dowa Town and surrounding areas to improve health and living conditions for around 100,000 people. The OPEC Fund is also providing a US$350,000 grant to co-finance a technical […]
The OPEC Fund supports Cuba’s water and sanitation sector with US$25m loan
The Director-General of the OPEC Fund for International Development (the OPEC Fund) Dr Abdulhamid Alkhalifa has signed a US$25 million loan agreement in support of a water and sanitation project in Havana, Cuba. The newly-signed loan is the seventh OPEC Fund co-financed development operation to support Cuba’s water and sanitation sector. The loan will finance […]
The OPEC Fund contributes to US$453m package in support of major hydro-electric plant in Nepal
The OPEC Fund for International Development (the OPEC Fund) is contributing more than US$13 million to a $453 million financing package that will support the construction of a landmark hydroelectric plant in central Nepal. IFC, a member of the World Bank Group, is the lead arranger of the debt package, which includes eight other lenders, […]
The OPEC Fund supports Rwanda’s water and sanitation infrastructure with US$20m loan
The Director-General of the OPEC Fund for International Development (the OPEC Fund) Dr Abdulhamid Alkhalifa has signed a US$20 million loan agreement to support water and sanitation infrastructure in Rwanda. The loan will contribute to financing the Rwanda Sustainable Water Supply and Sanitation Programme (Phase II) in partnership with the African Development Bank and the […]
OFID supports Cuba’s water infrastructure via US$25m loan
OFID – the OPEC Fund for International Development – has signed a US$25 million loan agreement to co-finance improved water and sanitation infrastructure in Cuba. The loan was signed by Vice-President of the Council of Ministers of the Republic of Cuba, Ricardo Cabrisas Ruiz, and OFID Director-General, Dr Abdulhamid Alkhalifa, at OFID’s Vienna headquarters. The […]