OPEC Fund for International Development

Established in 1976 by the member-states of the Organization of the Petroleum Exporting Countries (OPEC), the OPEC Fund for International Development (OPEC Fund) is a development funding agency prioritizing support to projects in Armenia, Azerbaijan, Bangladesh, Bhutan, Cambodia, India, Kazakhstan, the Kyrgyz Republic, the Lao People’s Democratic Republic, Maldives, Mongolia, Nepal, Papua New Guinea, the Philippines, Samoa, Solomon Islands, Sri Lanka, Tajikistan, Tonga, Turkmenistan, and Uzbekistan. The priority of OPEC Fund’s Corporate Plan 2016–2025 is the energy–water–food nexus, underpinned by transportation as the enabling sector. It also prioritizes projects advancing agriculture, education, health, and water supply and sanitation. ADB’s Trade Finance Program (TFP) signed a risk distribution agreement with the OPEC Fund in 2012.

At a Glance

Cumulative Project-Specific Cofinancing

$1.2 billion

  

2020 Project-Specific Cofinancing

  • $120 million

In 2020, the OPEC Fund contributed to two sovereign projects—the COVID-19 active response and expenditure support programs in Bangladesh and Pakistan. On nonsovereign cofinancing, ADB’s TFP and the OPEC Fund have supported 2,323 trade transactions together valued at over $2.8 billion.

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