The OPEC Fund for International Development (OPEC Fund) is a multilateral institution dedicated to supporting the achievement of the Sustainable Development Goals through the provision of financing, technical assistance and knowledge sharing.
The OPEC Fund is the only globally mandated development institution that provides financing from member countries to non-member countries exclusively.
The organization was established in 1976 with a distinct purpose: to drive development, strengthen communities and empower people in low- and middle-income countries around the world.
Their work is people-centered, focusing on financing projects that meet essential needs, such as food, energy, infrastructure, employment (particularly relating to MSMEs), clean water and sanitation, healthcare and education.
To date, the OPEC Fund has committed more than US$30 billion to development projects in over 125 countries with an estimated total project cost of more than US$200 billion.
The OPEC Fund is rated AA+/Outlook Stable by Fitch and S&P Global Ratings.
Their vision is a world where sustainable development is a reality for all.