OFID supports urban development project in Paraguay

OFID has signed a US$19 million loan agreement with the Republic of Paraguay in support of an urban redevelopment and modernization project in the capital Asunción.... ...
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OFID supports financing for development in sub-Saharan    Africa

The Director-General of OFID, Mr. Suleiman J. Al-Herbish, has signed a US$30 million private sector loan agreement with Ecobank Transnational Incorporated... ...
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OFID Governing Board approves new loans and grants

Meeting in its 134th Session, the Governing Board of OFID has approved new loans and grants... ...
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OFID signs Trade Finance agreement with EBID

Mr. Suleiman J. Al-Herbish, the Director-General of OFID, has signed a line of credit agreement with the ECOWAS Bank for Investment and Development (EBID). ...
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OFID signs loan agreements with nine partner countries

OFID has signed ten loan agreements with nine partner countries to co-finance projects in key development sectors; namely, energy, education, transport, health, water and agriculture. ...
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Surviving all odds: the genesis of OFID

From temporary account to multilateral development finance institution, the transformation of the OPEC Special Fund into the OPEC Fund for International Development was as unplanned as it was inevitable. ...
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New hope for Guatemala's Highlands

Thanks to the sustainable achievements of a multi-faceted rural development project, the damaging legacy of Guatemala’s prolonged civil war is a distant memory for over 9,000 of the country’s indigenous farming families...
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Micro-finance: a lifeline for Palestinians

Palestinians today are enduring one of the most difficult periods of their turbulent history. Poverty is deeper and more widespread then ever before, and only the very few enjoy the luxury of regular employment. But hope still exists, thanks to the lifeline provided by the PalFund, an OFID micro-financing scheme...
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