OPEC Fund: A Record Year for Development and Sustainability
The OPEC Fund for International Development has had an unprecedented year as the institution stepped up its global development assistance efforts, committing a record-breaking US$1.7 billion to 55 projects worldwide. These funds, designed to address the challenges of climate change, support the energy transition, and strengthen social and economic resilience, mark a turning point in the Vienna-based Fund's efforts to promote sustainable growth worldwide.
The Director General of the OPEC Fund, Dr. Abdulhamid Alkhalifa, emphasized the increasing importance of the Fund at a time of global uncertainty. "In a year characterized by global challenges, the OPEC Fund has expanded its capacity to meet the growing needs of our partner countries," said Alkhalifa. The expansion of the lending program in various sectors and the mobilization of…
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