The OPEC Fund for International Development (OFID)

    The OPEC Fund for International Development (OPID), based in Vienna-Austria, is a multilateral development finance institution which seeks to promote cooperation between its member states and development countries as an expression of the South-South solidarity. It does this mainly by providing financial resources to assist the latter group of countries in their economic and social advancement.

    By the end of June 2007, the level of cumulative development assistance extended by OFID stood approximately at US$9.0 billion. The development assistance involves financial support to the public and private sector operations, grants, balance of payment support loans, as well as, HIPC initiative debt relief delivery.

Web site : www.opecfund.org/