OPEC Fund for International Development

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

OPEC Fund for International Development (OFID)

The Subject “OPEC Fund for International Development (OFID)” belongs to the following Online Programs taught by EENI Global Business School:

Course: Islam & Business.

Masters: International Business, Foreign Trade.

Doctorate: Islamic Business, World Trade, Ethics, Religion & Business.

Languages: ( Fonds OPEP pour le développement international Fondo OPEP para el desarrollo internacional Fundo OPEP para o Desenvolvimento).

Arab Development Funds.

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 Organization 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 Civilization

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 Emirates
3. America: Ecuador and Venezuela

Arab Development Funds.

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

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