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Opec Fund pledged $1 7bn for 55 global projects in 2023

The Opec Fund for International Development expanded its new commitments to $1.7 billion across 55 projects globally in 2023, providing funding to address climate change and energy transition.

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OPEC Fund sets record with $1 7 billion commitments in 2023 amid global challenges, ET EnergyWorld

"In 2023, the OPEC Fund increased its impact through the delivery of development support in a challenging global environment," Dr. Abdulhamid Alkhalifa, the OPEC Fund s Director-General, said in a statement. The Fund, established 48 years ago and based in Vienna, has expanded its lending program in response to strong demand from partner countries and successful capital market fundraising.

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OPEC Fund for International Development: OPEC Fund delivers record results in 2023 with US$1 7 billion in development funding

OPEC Fund for International Development: OPEC Fund delivers record results in 2023 with US$1 7 billion in development funding
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OPEC Fund delivers record results in 2023 with US$1 7 billion in development funding

OPEC Fund delivers record results in 2023 with US$1 7 billion in development funding
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OPEC Fund delivers record results in 2023 with $1 7bln in development funding

OPEC Fund delivers record results in 2023 with $1 7bln in development funding
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Republic ofKyrgyz republicAbdulhamid alkhalifaAfrica europeAfrican development bank afFund for international developmentEuropean bankUnited national industrial development organizationIslamic development bank isFund climate action planArab coordination groupSustainable development goalAsian development bankInternational atomic energy agencyWorld food programmeInternational development