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OPEC Fund for International Development


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Syllabus of the Subject: OPEC Fund for International Development

  1. Introduction to the Fund for International Development of the Organisation of Petroleum Exporting Countries (OPEC)
  2. Funds to boost South-South solidarity and developing economies promotion

Sample: OPEC Fund for International Development (OFID)
OPEC Fund for International Development (Course Master Doctorate)

Arab Development Funds

Description: OPEC Fund for International Development.

Financial institution: OPEC Fund for International Development (OFID).

  1. Creation of the OPEC Fund for International Development: 1976 by the Organisation of the Petroleum Exporting Countries (OPEC)
  2. Resources: voluntary contributions
  3. The main objectives of the OPEC Fund for International Development are to support the developing economies and boosting the South-South solidarity
  4. Financing for social services (Education, healthcare), infrastructure, foreign trade, and productivity
  5. The OPEC Fund for International Development has financed projects in 134 countries
  6. Low-interest loans
  7. Private sector financing
  8. Technical assistance
  9. The OPEC Fund for International Development (OFID) is a Muslim fund of the Islamic Civilisation

The OPEC Fund for International Development member countries are:

  1. Africa: Algeria, Gabon, Libya, and Nigeria
  2. Middle East and Asia: Indonesia, the Islamic Republic of Iran, Iraq, Kuwait, Qatar, Saudi Arabia, and the United Arab Emirates
  3. America: Ecuador and Venezuela

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Arab Development Funds 

  1. Arab Bank for Economic Development in Africa (BADEA)
  2. Arab Fund for Economic and Social Development
  3. Arab Monetary Fund
  4. Arab Trade Financing Programme (ATFP)
  5. Arab Gulf Programme for United Nations Development Organisations (AGFUND)
  6. Islamic Development Bank (IsDB)
  7. Abu Dhabi Fund for Development
  8. Kuwait Fund for Arab Economic Development
  9. Saudi Fund for Development


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