The OPEC fund for
international development
  • Who We Are
    • At a Glance
    • Facts & Figures
    • Member Countries
    • The Organization
    • Partners
    • FAQs
  • What we offer
    • Overview
    • Public Sector Lending
    • Private Sector & Trade Finance
    • Grants
    • Special Initiatives
  • Focus Areas
    • Overview
    • Agriculture
    • Education
    • Energy
    • Financial
    • Health
    • Multisectoral
    • Transportation
    • Water & Sanitation
  • Operations
    • Procurement Notices
    • Search Operations
    • World Map
    • Countries A-Z
  • Investor Relations
    • Overview
    • Credit Fundamentals
    • Funding
    • Operations
    • Governance
    • Contact IR Team
  • Events
    • Development Forum 2025
    • Knowledge Series
    • SIDS Summit
    • Past Events
  • News
  • Contact Us
  • Media Center
  • Publications
The OPEC Fund
for International
Development
  1. Media Center
  2. Press releases
  3. 2023
  4. OPEC Fund supports Morocco earthquake relief efforts with US$500,000 grant
September 15, 2023
Search

OPEC Fund supports Morocco earthquake relief efforts with US$500,000 grant

September 15, 2023: The OPEC Fund for International Development (the OPEC Fund) approved a US$500,000 grant to support immediate and medium-term humanitarian relief efforts in response to the devastating earthquake that struck Morocco on September 8, 2023. The earthquake, with a magnitude of 6.8, has inflicted severe damage and claimed thousands of lives, making it the largest earthquake to hit Morocco in more than 100 years.

The OPEC Fund’s emergency aid will address critical needs including the provision of food, safe water and shelter, as well as protection and prevention measures as part of the overall relief operation. The grant will be channeled through the International Federation of Red Cross and Red Crescent Societies (IFRC) and will provide vital assistance to the Moroccan Red Crescent Society (MRCS).

OPEC Fund Director-General Dr. Abdulhamid Alkhalifa said:

“We stand in solidarity with the people of Morocco, who have endured devastating losses as a result of this massive earthquake. In collaboration with the international community, we hope our  immediate assistance can meet the urgent needs of those affected and help their recovery."

The grant is intended to assist the most vulnerable segments of the population such as families, children, people with disabilities and the elderly. The OPEC Fund’s commitment to providing humanitarian aid aligns with its long-standing partnership with IFRC, dating back to 1997. To date, the OPEC Fund has extended nearly US$32 million in grants to IFRC for more than 85 humanitarian and emergency response initiatives. 

About the OPEC Fund 

The OPEC Fund for International Development (the OPEC Fund) is the only globally mandated development institution that provides financing from member countries to non-member countries exclusively. The organization works in cooperation with developing country partners and the international development community to stimulate economic growth and social progress in low- and middle-income countries around the world. The OPEC Fund was established in 1976 with a distinct purpose: to drive development, strengthen communities and empower people. Our 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$24 billion to development projects in over 125 countries with an estimated total project cost of US$190 billion. The OPEC Fund is rated AA+/Outlook Stable by Fitch and AA, Outlook Positive by S&P. Our vision is a world where sustainable development is a reality for all.

Share this
Scroll top
September 15, 2023

Search

Scroll top
Who We Are
  • At a Glance
  • Facts & Figures
  • Member Countries
  • The Organization
  • Partners
  • FAQs
What we offer
  • Overview
  • Public Sector Lending
  • Private Sector & Trade Finance
  • Grants
  • Special Initiatives
Operations
  • Procurement Notices
  • Search Operations
  • World Map
  • Countries A-Z
Investor Relations
  • Overview
  • Credit Fundamentals
  • Funding
  • Operations
  • Governance
  • Contact IR Team
Events
  • Development Forum 2025
  • Knowledge Series
  • SIDS Summit
  • Past Events
Procurement
  • Overview
  • Bidding
  • Supplier registration
  • Contact Procurement
Compliance Accountability & Integrity
  • Business Partner Code of Conduct
  • Personal Data Protection
  • Business Integrity Due Diligence
Administrative Tribunal
  • About the Tribunal
  • Judges
  • Executive Secretary
  • Contact the Tribunal
News
Career Opportunities
  • Overview
  • Vacancies
  • Young Professional Development Program
  • Internships
The OPEC Fund
for International
Development
Parkring 8
1010 Vienna
Austria
  • Copyright 2024 by the OPEC Fund
  • Fraud Alert
  • Personal Data Protection Disclaimer
  • Terms of use
  • Contact
  • Webmail

We use Cookies. Read our Terms