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OPEC Fund for International Development

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The OPEC Fund for International Development (OFID) is the intergovernmental development finance institution established in 1976 by the Member States of the Organization of the Petroleum Exporting Countries (OPEC). OFID was conceived at the Conference of the Sovereigns and Heads of State of OPEC Member Countries, which was held in Algiers, Algeria, in March 1975. A Solemn Declaration of the Conference "reaffirmed the natural solidarity which unites OPEC countries with other developing countries in their struggle to overcome underdevelopment", and called for measures to strengthen cooperation between these countries.

Link: OFID

Official Web-Site

 

Member countries

Full members Observers Special members
Algeria    
Gabon    
Indonesia    
Iran    
Iraq    
Kuwait    
Libya    
Nigeria    
Qatar    
Saudi Arabia    
United Arab Emirates    
Venezuela    

 

 


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