Together we drive development, strengthen communities and empower people.
Vienna, Austria
Joined March 2011
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Less than two weeks until COP31!
What is the OPEC Fund bringing to the global climate discussions in Antalya, Türkiye?
Explore our priorities and follow the latest news, announcements and developments throughout @turkiyecop31, all in one place: opecfund.org/COP31
For a local business owner along Egypt's Gulf of Suez, frequent power cuts once meant struggling to keep fish fresh and prevent losses. For a renewable energy worker, the project has brought the security of a stable job for the first time.
These are some of the ways the OPEC Fund-supported Gulf of Suez Wind Power Plant is making a difference in people's lives, helping improve electricity reliability, create jobs and strengthen local livelihoods.
Want to know more about how climate investments are changing lives? Follow our participation at COP31 to discover how the OPEC Fund's work is making an impact on communities around the world.
Today marks the National Day of our host country Austria.
Vienna has been home to the OPEC Fund since 1976. As we mark five decades in the Austrian capital, we are grateful for the strong and longstanding relationship with our host country.
Best wishes from the OPEC Fund on the occasion of Austrian National Day!
Der OPEC Fund gratuliert der österreichischen Bevölkerung herzlich zum Nationalfeiertag!
Seit 1976 hat der OPEC Fund seinen Sitz in Wien. Wir blicken mit Dankbarkeit auf 50 Jahre in Österreich zurück und schätzen die langjährige, gute Beziehung zu unserem Gastgeberland.
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What does effective development financing look like in practice?
The OPEC Fund's Development Effectiveness Report takes a closer look at the results behind our work, from strategic priorities and global partnerships to the impact of our financing.
Published in our 50th anniversary year, the report also reflects on five decades of global development progress and introduces the OPEC Fund Results Framework, highlighting how we measure our effectiveness and contribution to sustainable development.
Explore the report: bit.ly/OPECFundDER25
Bridging Asia and Europe through a landmark railway project.
The OPEC Fund is joining an international effort to close a critical missing link in rail connectivity between two continents, with a US$250 million loan for the Istanbul North Rail Crossing in Türkiye.
The project will deliver a new 127 km railway line bypassing the Istanbul Metropolitan Area, providing a high-capacity crossing over the Bosphorus and strengthening trade links between Europe, Asia and the Middle East.
A historic milestone for the OPEC Fund: Our US$250 million loan forms part of an approved financing package of up to US$500 million, the largest in our institution’s history to date.
“Türkiye has been an important partner of the OPEC Fund for nearly five decades and our cooperation continues to grow in scale and ambition. This record financing marks a new milestone in our partnership and reflects our shared commitment to infrastructure that strengthens connectivity, competitiveness and sustainable growth,” said our President Dr. Abdulhamid Alkhalifa.
The US$8.3 billion project brings together an international group of financing partners led and administered by the @WorldBankGroup, including @ADB_HQ, @AIIB_Official, @isdb_group, @EBRD and @EIB, alongside the Government of Türkiye.
More info: bit.ly/4i5C50B
The OPEC Fund for International Development retweeted
Last week at #WBGMeetings, @IFADPresident met with Abdulhamid Alkhalifa, President of the @TheOPECFund .
They explored new opportunities to deepen cooperation, with a shared focus on food security and building the resilience of rural communities.
Water security is essential to economic growth, public health and food security. But how do we turn growing investment needs into action?
At the high-level roundtable “From Bangkok to Abu Dhabi: Translating Country Compacts to Investments,” held during the @IMFNews & @WorldBankGroup Annual Meetings, our Vice President, Public Sector Operations, Shaimaa Al-Sheiby highlighted the need to move beyond individual projects toward large-scale, country-led water investment programs.
Co-convened by the Ministry of Foreign Affairs of our member country, the UAE @mofauae, and the World Bank Group, in partnership with Children's Investment Fund Foundation @CIFFchild, the event brought together governments, development institutions and private sector partners ahead of the 2026 UN Water Conference in Abu Dhabi.
Drawing on five decades of experience and over US$1.9 billion in approved water and sanitation financing, Ms. Al-Sheiby highlighted the OPEC Fund's commitment of an additional US$1 billion to the Water Forward initiative by 2030, expected to benefit a further 15 million people.
“The OPEC Fund stands ready to help turn that ambition into lasting impact,” Ms. Al-Sheiby emphasized.
Improving irrigation services and strengthening agricultural resilience for more than 450,000 people in the Kyrgyz Republic.
Our President Dr. Abdulhamid Alkhalifa signed a co-financing agreement with the @WorldBankGroup for the Kyrgyz Republic National Irrigation Investment Program, supported by a US$20 million loan from the OPEC Fund.
With total committed project financing of US$172 million, the program aims to modernize aging irrigation infrastructure, improve water management and strengthen agricultural productivity in the face of growing climate challenges.
Expected to improve irrigation services across approximately 82,000 hectares, the project will help support rural livelihoods, agribusinesses and opportunities for more and better-paid jobs along agricultural value chains.
Safer roads. Stronger trade connections. Better access to essential services in Lesotho.
Our President Dr. Abdulhamid Alkhalifa signed a co-financing agreement with the @WorldBankGroup during the World Bank-IMF Annual Meetings in Bangkok, advancing cooperation on a US$120 million transport project in Lesotho.
The project, supported by a US$40 million loan from the OPEC Fund, will upgrade mountain roads, modernize the country's main international airport and improve connections to regional markets, helping communities access schools, healthcare and economic opportunities.
“Better transport connections mean better opportunities for people and businesses. For communities in Lesotho's mountainous regions, safer and more reliable roads make a real difference in reaching schools, healthcare and markets. Together with improvements to the country's main airport, this investment will strengthen connectivity, support trade and help build a more resilient economy,” said Dr. Alkhalifa.
At the @WorldBankGroup Annual Meetings, our President Dr. Abdulhamid Alkhalifa met with HE Dr. Gibril Ibrahim, Sudan’s Minister of Finance and Economic Planning @SudanFinance.
The meeting provided an opportunity to exchange views on recent developments in Sudan and discuss the country's current challenges.
The OPEC Fund's cooperation with Sudan dates back to 1976, with past support spanning agriculture, transport and energy.
Small Island Developing States face unique development challenges, from climate vulnerability to exposure to external economic shocks.
Strengthening their resilience is a priority for the OPEC Fund through our dedicated SIDS Facility.
Opportunities to reinvigorate cooperation with Samoa were discussed by our President Dr. Abdulhamid Alkhalifa and HE Mulipola Anarosa Ale Molioʻo, Deputy Prime Minister and Minister of Finance of Samoa.
Building on a partnership dating back to 1976, the OPEC Fund is committed to helping Samoa address its development priorities and strengthen resilience to future challenges.
25 project loans. Around US$150 million in financing. Five decades of development cooperation with Guinea.
Since 1976, the OPEC Fund has supported investments in transport, education, water and sanitation, and agriculture.
Building on this partnership, our President Dr. Abdulhamid Alkhalifa met with HE Ismaël Nabé @izmonabe, Minister of Planning and International Cooperation of Guinea @MpciGov.
The meeting provided an opportunity to review ongoing cooperation and explore further collaboration in infrastructure, agriculture, rural development and private sector investment, in line with Guinea's development priorities.
Up to US$500 million in development financing and up to US$3 million in grants to support Côte d’Ivoire’s development priorities.
Our President Dr. Abdulhamid Alkhalifa and Côte d’Ivoire’s Minister of Planning and Development, HE Souleymane Diarrassouba @MPD_CI, signed a new Country Partnership Strategy for 2026–2029 during the @WorldBankGroup Annual Meetings.
Aligned with the country’s National Development Plan 2026–2030, the strategy will focus on expanding access to climate-resilient infrastructure, including energy, water, transport and healthcare, while supporting agricultural development, private sector growth, access to finance and job creation.
“Côte d’Ivoire is an important partner and we see significant opportunities to expand our cooperation. Our Country Partnership Strategy will focus on investments that improve infrastructure, strengthen public services and create more opportunities for people and businesses. We look forward to working with the government to turn these priorities into tangible results,” said Dr. Alkhalifa.
Learn more: bit.ly/4yvj2l7
Deepening cooperation with our member country Indonesia.
During the @WorldBankGroup Annual Meetings in Bangkok, our President Dr. Abdulhamid Alkhalifa met with HE Suahasil Nazara, Minister of Finance, for an exchange on our strategic partnership and shared development priorities.
The meeting highlighted the importance of continued collaboration between the OPEC Fund and Indonesia.
The OPEC Fund for International Development retweeted
TIF and OPEC Fund Presidents Discuss Further Cooperation
H.E. Baghdad Amreyev @anreyev, President of the Turkic Investment Fund (TIF), accompanied by Mr. Ramil Babayev @ramilbabayevTIF, General Director of TIF, held a meeting with H.E. Dr. Abdulhamid Alkhalifa, President of the OPEC Fund for International Development @TheOPECFund, on 14 October 2026, in Bangkok, Thailand, on the margins of the Annual Meetings of the International Monetary Fund (IMF) @IMFNews and the @WorldBankGroup.
The meeting followed earlier exchanges between the two Presidents in Vienna and Baku, where they considered potential joint financing and closer ties between their institutions. The discussions also covered possible joint investments in infrastructure, energy, agriculture, and other sectors, as well as financing for MSMEs in TIF Member States.
H.E. Baghdad Amreyev welcomed the progress in cooperation with the OPEC Fund, particularly the joint financing initiative involving Hamkorbank in Uzbekistan. He expressed hope that this would be the beginning of further joint operations and proposed that the investment teams of both institutions work together to identify suitable projects for 2027.
Dr. Alkhalifa welcomed the @Hamkorbank_uz initiative and expressed interest in exploring further joint financing opportunities in TIF Member States. He also acknowledged the potential for closer technical cooperation between the two institutions.
Mr. Ramil Babayev, General Director of TIF, shared his views on the possible project pipeline between TIF and OPEC Fund and ways to maintain regular working relations between the two institutions.
The TIF delegation also included Mr. Mehmet Esat Mert, Acting Chief Financial Officer, and Dr. Erhan Türbedar, Senior Advisor to the President of TIF for Economic Affairs. The President of the OPEC Fund was accompanied by Mr. Sami Ben Daamech, Senior Advisor to the President; Mr. Said Taufik Ridha, Director of the Business Development Unit for the Private Sector; and Mr. Baret Gürden, Investment Manager for the Private Sector.
Building on a landmark agreement to advance development priorities in Eswatini.
Following the recent signing of our first Country Partnership Framework with Eswatini, our President Dr. Abdulhamid Alkhalifa met with HE Neal Rijkenberg, Minister of Finance, during the @WorldBankGroup Annual Meetings in Bangkok to discuss continued development cooperation.
The framework provides for up to US$250 million in financing between 2026 and 2029, supporting priority investments in water, energy and health.
The recent high-level mission to Eswatini included engagements with His Majesty King Mswati III, the signing of the framework and visits to OPEC Fund-financed projects, highlighting the depth of our longstanding development cooperation. @EswatiniGovern1
From infrastructure and agriculture to energy, education and healthcare, the OPEC Fund has supported Benin's development priorities since 1976.
Continuing this longstanding partnership, our President Dr. Abdulhamid Alkhalifa met with HE Hugues Oscar Lokossou, Delegate Minister to the Minister of Economy and Finance, in charge of Mobilizing External Resources and Debt Management, during the @WorldBankGroup Annual Meetings.
Discussions focused on ongoing cooperation and opportunities to expand public and private sector financing in support of Benin's development priorities. @gouvbenin
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