- Investor Relations
The information contained on the following pages of the website is restricted and is not for general release, publication or distribution in or into the United States ("U.S.") or to U.S. persons except (in respect of certain of the Securities (as defined below)) to qualified institutional buyers ("QIBs") as defined in Rule 144A ("Rule 144A") under the Securities Act of 1933 (the “Securities Act”) that are also qualified purchasers (“QPs”) as defined In Section 2(A)(51) of the U.S. Investment Company Act of 1940, as amended or otherwise to persons to whom it can lawfully be distributed or any other jurisdiction where the communication of such information is restricted by law.
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In addition, certain of the Securities referred to on the following pages of the website may be in bearer form and subject to U.S. tax law requirements, and any such Securities may not be offered, sold, or delivered within the United States or its possessions or to a United States person, except in certain transactions permitted by United States tax regulations. Terms used in this paragraph have the meanings given to them by the U.S. Internal Revenue Code of 1986, as amended.
The following pages of the website are not addressed to, or intended for use by: (i) U.S. persons, persons located in the United States or residents of the United States, unless they are QIBs that are also QPs that are acquiring the Securities for their own account or the account of another QIB that is also a QP or (ii) persons in any other jurisdictions where the communication or receipt of such information is restricted in such a way that provides that such persons cannot receive it. In particular, such persons or persons acting for the benefit of any such persons are not permitted to visit the following pages of the website. None of the information contained on the pages that follow nor any copy thereof may be taken or transmitted in or into, or distributed, whether directly or indirectly, in or into, the United States, or any other jurisdiction as described above. Failure to comply with this may result in a violation of U.S. law, including the Securities Act, or the law of another jurisdiction.
The information is current only as of its date and shall not, under any circumstances, create any implication that the information contained therein is correct as of any time subsequent to the date thereof or that there has been no change in the financial condition or affairs of the OPEC Fund for International Development (“OPEC Fund”) since such date.
No action has been made or will be taken that would permit a public offering of any securities referenced on the following pages of this website in any jurisdiction in which action for that purpose is required. No offers, sales, resales or delivery of any securities described herein or distribution of any offering material relating to any such securities may be made in or from any jurisdiction except in circumstances which will result in compliance with any applicable laws and regulations.
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In response to the significant development needs of partner countries, the OPEC Fund’s loan portfolio has grown rapidly over its 47-year history. Since its inception in 1976, this growth has been funded by equity in the form of capital contributions from member countries only. In 2019 the Ministerial Council approved a new strategy - the Strategic Framework 2030 - intended to ensure the organization’s ability to continue to provide development finance support, in line with its objectives and the interests of its stakeholders.
Integral to the success of the Strategic Framework 2030 is the ability to continue to grow development impact while being financially self-sustainable for the long term. This does not preclude further capital replenishments from members, however lays the groundwork for capital markets borrowing in line with peer MDBs. As a consequence, the organization has been funding in the international capital markets since the end of 2022.
In 2023 the OPEC Fund issued US$1.2 billion through a US$1 billion debut public sustainability benchmark as well as selected private placements. In 2024 we intend to continue with our strategy of building our presence and investor base in US$ as well as issuing reverse enquiry transactions on an opportunistic basis to meet investor needs.
Global Medium Term Note Programme:
- Base Offering Memorandum
- Supplement to the Base Offering Memorandum – 21 October 2022
- Supplement to the Base Offering Memorandum – 13 January 2023
Euro-Commercial Paper Programme: