OPEC Fund and Maldives sign new Country Partnership Framework to advance climate resilience and sustainable development

January 20, 2026: The OPEC Fund for International Development (the OPEC Fund) and the Government of the Maldives have signed a new Country Partnership Framework (CPF) to deepen cooperation and support the island nation’s long-term development priorities. The signing took place today at the OPEC Fund Headquarters in Vienna during an official visit by Moosa Zameer, Minister of Finance and Planning of the Maldives.

The agreement establishes a strategic platform for collaboration and aligns the OPEC Fund’s support with the Maldives’ national objectives, including climate resilience, sustainable infrastructure, renewable energy and fiscal stability.

OPEC Fund President Abdulhamid Alkhalifa said: 

“The Maldives is an important and long-standing partner of the OPEC Fund. Today’s signing renews our shared commitment to sustainable development and climate resilience at a moment when Small Island Developing States are facing growing external and environmental pressures. We are proud to be the leading international lender in the Maldives’ water and sanitation sector and we look forward to expanding this cooperation with support to high-impact investments that improve lives.”

Since the start of its engagement with the Maldives in 1977, the OPEC Fund has provided more than US$440 million in development finance through public sector loans, private sector operations, trade finance and grants to the country. The cooperation spans sectors and areas such as transport, water and sanitation, fisheries, health, education and trade finance.

During the visit, the delegation also discussed macroeconomic developments, climate financing needs and opportunities for strengthened collaboration. The OPEC Fund reaffirmed its commitment to supporting Small Island Developing States (SIDS) through its dedicated SIDS Initiative and Green-Blue Connect program, which promotes integrated climate-adaptation and resilience solutions.

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$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 AA+, Outlook Stable by S&P. Our vision is a world where sustainable development is a reality for all.