OPEC Fund for International Development

Sub-subject: The OPEC Fund for International Development (OFID). Syllabus:

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

Sample of the Sub-subject: OPEC Fund for International Development (OFID):

Sub-Subject Description: OPEC Fund for International Development

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

1. Created in 1976 by the Organization of the Petroleum Exporting Countries (OPEC)
2. Resources: voluntary contributions
3. The main objectives of the OPEC Fund OFID 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. OPEC Fund for International Development has financed projects in 134 countries.
6. Low-interest loans
7. Financing of private sector
8. Technical assistance
9. OPEC Fund for International Development (OFID) is a Muslim fund of the Islamic Civilization

Member countries of the OPEC Fund for International Development:

1. Africa: Algeria, Gabon, Libya, and Nigeria
2. The 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