The OPEC Fund for International Development

Our vision is a world where sustainable development is a reality for all. To date, we have committed more than US$24 billion in development financing and have supported over 4000 projects in 125 countries. Discover how we drive development, strengthen communities and empower people: opecfund.org

On today’s #LDCsDay, the spotlight is on the Least Developed Countries (#LDCs) ➡️ home to around 40% of the world's low-income population. The #OPECFund is committed to the development of LDCs and will continue working towards achieving the #SDGs in #LDCs through leveraging partnerships, addressing the climate crisis and mobilizing private capital. Check out the #OPECFundQuarterly to read all about Least Developed Countries #LDC, Landlocked Developing Countries #LLDC and Small Island Developing States #SIDS: bit.ly/OFQ2401

Our Vice President Private Sector, Tareq Alnassar, shares his insights on the #privatesector’s role as an engine of #growth, #jobcreation and #innovation. Mr. Alnassar also reflects on the first 25 years of the #OPECFund's private sector operations. Read the whole interview in the latest edition of the #OPECFundQuarterly: bit.ly/46mgNUA #OPECFundPrivateSector25

Addressing global #foodsecurity and protecting the most vulnerable and affected populations has always been a priority for the #OPECFund. In 2022, we launched a US$1 billion Food Security Action Plan (FSAP) to support our partner countries. The FSAP is designed to meet immediate, medium- and long-term needs in the following main areas: ▪️ Sustainable #foodsystems that can withstand negative impacts on value chains ▪️ Agricultural commodity supply chains ▪️ Sustainable production and consumption Read about the OPEC Fund’s commitment to #ZeroHunger in our Development Effectiveness Report #OPECFundDER2023: bit.ly/4faGoE7 #SDG2

#FlashbackFriday: In June, we marked a significant milestone: in the presence of local and international guests, we inaugurated our expanded HQ in the renovated Palais Colloredo-Mannsfeld on #Vienna’s historic #WienerRingstraße. After a comprehensive renovation and redesign, the renewed Palais now offers state-of-the-art workplaces for over 80 employees. Preserving invaluable heritage while meeting sustainability challenges like #energyefficiency were guiding principles in the renovation. Our President Dr. Abdulhamid Alkhalifa told the guests that this represents "our deep connection with the City of Vienna and our host country #Austria." For more information: bit.ly/3KXMMRt #OPECFundInAustria

#Infrastructure projects play a pivotal role in driving meaningful #development, increasing opportunities and transforming lives. Accelerating infrastructure development is key to achieving a number of #SDGs, unlocking the potential for sustainable growth and prosperity. At the #OPECFundDevForum, the panel discussion “Accelerating Smart and Sustainable Infrastructure” explored the challenges and opportunities in this sector. Key topics included enhancing resilience to #climatechange, financing strategies and regulatory reforms to boost #privatesector involvement. Watch the full panel featuring #Pakistan’s Secretary of Economic Affairs, HE Dr. Kazim Niaz; Africa Finance Corporation's Samaila Zubairu; Asian Development Bank (ADB)'s Ramesh Subramaniam and EBRD’s Heike Harmgart: bit.ly/4d546jk #DrivingResilienceAndEquity #GlobalGoals

Anticipating #electricity demand to double by 2030, #Uzbekistan has launched a raft of reforms to upgrade and decarbonize its #energy industry and to create a more attractive environment for #privatesector investment. We are supporting 1 GW #renewableenergy generation in the Central Asian country through two separate US$20 million loans signed in March 2023 for the construction of two #windpower plants. The loans provided to ACWA Power will support the construction and operation of the 500 MW Dzhankeldy #windfarm and the 500 MW Bash wind power plant in the southern #Bukhara region. The new facilities will boost renewable energy generation capacity, reduce #greenhousegas emissions and diversify the country’s energy mix. Read more in the #OPECFund’s 2023 Annual Report #OPECFundAR2023: bit.ly/3SgiRb3

Growth engine, job machine, value creator – is the #privatesector really the economic jack of all trades? In the newest issue of the #OPECFundQuarterly, we examine what the private sector can do in #development. Discover the insights and impacts of the #OPECFund’s engagement in this sector: bit.ly/3W8HUhj

We are excited to present the newest edition of our #OPECFundQuarterly magazine, which is dedicated to the 25th anniversary of the #OPECFund’s engagement in the #privatesector. Read it here: bit.ly/OFQ04Q2

#FlashbackFriday: Honored to share a message from HE Dr. Rania A. Al-Mashat, #Egypt’s Minister of Planning, Economic Development & International Cooperation, on the occasion of the 25th anniversary of the #OPECFund’s engagement in the #privatesector. We are grateful for, and proud of our long-standing #partnership with Egypt, which dates back to 1976. #OPECFundPrivateSector25 #SDG17 #GlobalGoals Ministry of International Cooperation