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Facts & Figures
The OPEC Fund was established by OPEC member countries in 1976.
The OPEC Fund’s cumulative commitments to sustainable development amount to more than US$25 billion. *
The OPEC Fund has approved almost 4,000 projects across Public (1,612); Private and Trade Finance (500) sectors, as well as Grants (1,889). *
The OPEC Fund has dedicated US$1 billion to fund COVID-19 impact and recovery efforts in developing countries.
Funding under the OPEC Fund's private sector and trade financing windows has benefited more than 500,000 MSMEs.
The OPEC Fund bestows an Annual Award for Development to recognize the achievements of organizations and/or individuals working towards poverty reduction and sustainable development. Introduced in 2006, the award includes US$100,000 in prize funds.**
*As of Dec 16, 2020
**Prize funds were divided equally when two recipient organizations were awarded in 2014.