OPEC Fund for International Development
Established in 1976 by the member-states of the Organization of the Petroleum Exporting Countries (OPEC), the OPEC Fund for International Development (OPEC Fund) is a development funding agency prioritizing support to projects in Armenia, Azerbaijan, Bangladesh, Bhutan, Cambodia, India, Kazakhstan, the Kyrgyz Republic, the Lao People’s Democratic Republic, Maldives, Mongolia, Nepal, Papua New Guinea, the Philippines, Samoa, Solomon Islands, Sri Lanka, Tajikistan, Tonga, Turkmenistan, and Uzbekistan. The priority of OPEC Fund’s Corporate Plan 2016–2025 is the energy–water–food nexus, underpinned by transportation as the enabling sector. It also prioritizes projects advancing agriculture, education, health, and water supply and sanitation. ADB’s Trade Finance Program (TFP) signed a risk distribution agreement with the OPEC Fund in 2012.
At a Glance
Cumulative Project-Specific Cofinancing
$1.2 billion
2020 Project-Specific Cofinancing
- $120 million
In 2020, the OPEC Fund contributed to two sovereign projects—the COVID-19 active response and expenditure support programs in Bangladesh and Pakistan. On nonsovereign cofinancing, ADB’s TFP and the OPEC Fund have supported 2,323 trade transactions together valued at over $2.8 billion.
1 January 2014–31 December 2020 Cofinanced Project
| Country | Project | Cofinancing Amount ($ million) | Type of cofinancinga |
|---|---|---|---|
| Bangladesh | Third Urban Governance and Infrastructure Improvement (Sector) | 40 | L |
| COVID-19 Active Response and Expenditure Support Program | 70 | L | |
| Lao People's Democratic Republic | Second Northern Greater Mekong Subregion Transport Network Improvement—Additional Financing | 9 | L |
| Vientiane Sustainable Urban Transport | 15 | L | |
| Nepal | Community-Managed Irrigated Agriculture Sector – Additional Financing | 30 | L |
| Kathmandu Valley Wastewater Management | 16 | L | |
| Third Small Towns Water Supply and Sanitation Sector | 20 | L | |
| Pakistan | COVID-19 Active Response and Expenditure Support Program | 50 | L |
| Tajikistan | Central Asia Regional Economic Cooperation Corridors 2, 5, and 6 (Dushanbe–Kurgonteppa) Road | 12 | L |
| Central Asia Regional Economic Cooperation Corridors 2, 3, and 5 (Obigarm-Nurobod) Road | 40 | L |
a L for loan, OPEC is Organization of Petroleum Exporting Countries