OPEC Fund for International Development

OPEC Fund for International Development


  • Project-Specific Cofinancing $1.3 billion
  • Contributions Committed to Trust Funds $3 million


  • Project-Specific Cofinancing $500,000

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 the following countries: 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.


Sovereign Cofinancing. In 2023, the OPEC Fund committed $500,000 in technical assistance to strengthen the capacity of Thailand to integrate its new bio-circular-green economy model into national development strategies.

Trust Funds. The first cofinancing through the Project Preparation and Implementation Support Trust Fund (PPISTF) was committed in 2023 to support transforming vocational education and training in Azerbaijan and modernizing the power supply system in Kathmandu, Nepal. The PPISTF was established by ADB and OPEC Fund in 2022 to support project preparation, including improved design and procurement readiness, in eligible countries.

Knowledge. In December 2023, at a side event to the UNFCCC Climate Change Conference (COP28), ADB, together with partners, announced the Nature Solutions Finance Hub to proactively scale up the flow of public and private finance into conserving nature and biodiversity loss in Asia and the Pacific. OPEC Fund Director General Abdulhamid Alkhalifa talked about proactive, innovative finance collaboration to protect nature.

Active Trust Funds

Active trust funds are those a) with ongoing projects; or b) with no active projects but have remaining funds.


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21 Jun 2022

ADB and the OPEC Fund Launch Trust Fund to Improve Project Readiness in Developing Countries

The OPEC Fund–ADB Project Preparation and Implementation Support Trust Fund, a single-donor trust fund managed by ADB to support improved project preparation, design, and procurement readiness in its developing member countries, was launched today in Vienna, Austria.

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15 Oct 2021

ADB, PNG Sign $325 Million Loan to Better Connect Remote Communities to Markets and Services

ADB and the Government of Papua New Guinea (PNG) signed a $325 million loan to help fund tranche 2 of the Sustainable Highlands Highway Investment Program, a key transport development connecting some of PNG’s most remote rural communities and farmers to services and market opportunities.


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    Resiliency through Integrated Water Management

    Through the partnership of ADB, the OPEC Fund for International Development, the Government of Australia, and the Nordic Development Fund, Cambodia was able to pursue integrated water resources management.

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    Rebuilding the Road to the Border

    Trade and tourism are booming in western Tajikistan after the rehabilitation of a road that leads to the border with Uzbekistan. A collaboration between ADB and the OPEC Fund for International Development, the new road links to a cross-country highway that serves as conduit for trade goods.

    Project Map