OPEC Fund President visits Maldives to reinforce development cooperation across the islands with new Country Partnership Framework

July 25, 2025: The OPEC Fund for International Development (the OPEC Fund) is strengthening its long-standing cooperation with the Maldives with a new Country Partnership Framework (CPF). The agreement will be signed during a visit by OPEC Fund President Abdulhamid Alkhalifa from July 26–29 and marks a new phase of collaboration, with US$150 million in new financing earmarked for the next three years.

OPEC Fund President Abdulhamid Alkhalifa said: 

“Our partnership with the Maldives has delivered clean water, safer harbors and vital infrastructure that makes a real difference in people’s daily lives. This visit is an opportunity to deepen our engagement, explore new opportunities and continue working together to improve living conditions and expand opportunities across the islands.”

During the visit President Alkhalifa will meet the President of the Maldives, Mohamed Muizzu, Minister of Finance, Moosa Zameer, and Minister of Construction and Infrastructure, Abdulla Muththalib to discuss ongoing and future collaboration in key sectors such as water & sanitation, transport and tourism.

The OPEC Fund President will also attend the inauguration of the new international passenger terminal at Velana International Airport in Malé, a US$1 billion flagship infrastructure project co-financed by the OPEC Fund alongside multilateral development partners to strengthen the country’s tourism and transport capacity.

In addition, the delegation will visit OPEC Fund-financed development projects on the outer islands Dharavandhoo, Kudarikilu and Kendhoo. These water supply, sanitation and waste management projects are improving access to essential services for more than 125,000 Maldivians across over 60 islands.

The OPEC Fund has supported the Maldives since 1977, committing over US$450 million across public and private sector operations and trade finance to date. The partnership has contributed to the delivery of key national development priorities, including climate resilience, clean water, energy, food security and infrastructure.

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$29 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. Our vision is a world where sustainable development is a reality for all.