• OPEC Fund for International Development (OFID)

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  • Contributions and pledges over time (US$ millions)

     

    Click on Direct, IFFIm, AMC or Matching Fund in the above key to toggle their data on the graph, click again to show the data
     

    Notes:
    Direct Contributions (including Matching Fund)
    Received contributions: non-US$ contributions for 2000-2016 and Q1-Q2 2017are expressed in US$ equivalents using the exchange rates on the dates of receipt.  For 2014, 2015, 2016 and Q1-Q2 2017, where contributions were hedged to mitigate currency risk exposure, these have been expressed using the rates applicable to the hedge agreement.

    Future contributions: non-US$ Direct Contribution and Matching Fund pledges for Q3-Q4 2017 and years 2018 and beyond are expressed in US$ equivalents using the applicable 'forecast rates' from Bloomberg as at 30 June 2017 or using the rates applicable to any hedge agreement in place.

    IFFIm contributions
    Received contributions: non-US$ contributions for 2000-2016 are expressed in US$ equivalents as confirmed by the IBRD (World Bank).

    Future contributions: non-US$ contributions are expressed in US$ equivalents as follows:

    • Where the contribution agreement has been signed: contributions are expressed in US$ equivalents using the exchange rates at the time of signing the respective donor grant agreements
    • Where the contribution agreement has not yet been signed: non-US$ pledges for years 2017 and beyond are expressed in US$ equivalents using the applicable 'forecast rates' from Bloomberg as at 30 June 2017
    • These contributions have not been reduced by a notional 3% provision to allow for any potential reduction arising from the High Level Financing Condition of the IFFIm Finance Framework Agreement.

     

  • Funding history

    The OPEC Fund for International Development (OFID) is the development finance institution established by the Member States of OPEC in 1976 as a collective channel of aid to the developing countries.

    OFID’s work is people-centered, focusing on projects that meet basic needs - such as food, energy, clean water and sanitation, healthcare and education – with the aim of encouraging self-reliance and inspiring hope for the future. OFID is also an active partner in the global fight against HIV/AIDS and since June 2001 has channelled nearly USD 90 million through a special grant program to help promote awareness, prevention, treatment, testing and counselling, as well as vaccine development.

    In December 2012, the OFID became a new donor of Gavi and committed USD 1.1 million for 2013 through direct funding to support programmes in the Republic of Yemen.

    Contributions and pledges in total:

    • Direct funding (2013): USD 1.1 million.
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