About Us

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 a globally mandated development institution that provides financing from member countries to non-member countries exclusively.

The organization was established in 1976 to drive development, strengthen communities and empower people in low- and middle-income countries to build shared prosperity.

Our work is people-centered, focusing on financing projects that meet essential needs, such as food, energy, infrastructure, employment, clean water and sanitation, healthcare and education.

To date, the OPEC Fund has committed more than US$32 billion to development projects in over 125 countries with an estimated total project cost of more than US$240 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.

Find out more in our Annual Report.

Our Origins

The OPEC Fund was conceived at the Conference of Sovereigns and Heads of State of OPEC Member Countries held in Algiers in 1975. The member countries founded the institution in 1976 to express solidarity with other developing countries and to support their efforts to overcome socio-economic challenges.

Evolution

Originally created as a temporary channel for development assistance, the OPEC Fund became a permanent institution in 1980. The institution expanded its operations to include private sector financing in 1998 and trade financing in 2006 to enhance development impact and diversify its instruments.

Today

The OPEC Fund is governed by its 12 member countries, which provide strategic oversight and capital support through the Ministerial Council and the Governing Board. The OPEC Fund is an active issuer in international capital markets, having raised more than US$3 billion for SDG-aligned development finance since launching its inaugural SDG-bond in 2023.

The OPEC Fund supports partner countries by financing essential infrastructure, strengthening human and institutional capacity and advancing inclusive economic and social development.

In 2024, the OPEC Fund committed US$2.3 billion across 70 projects, with a strong focus on food security, the energy transition, water and sanitation, transport connectivity and MSME development.