The OPEC Fund for International Development (the OPEC Fund) has signed an agreement with the International Renewable Energy Agency (IRENA) to join the Energy Transition Accelerator Financing (ETAF) platform. The OPEC Fund plans to support the platform with up to $250 million financing until 2030 to finance renewable energy solutions in its partner countries. IRENA […]
OPEC development fund raises $1 bln with first ever bond – EQ Mag
The OPEC Fund for International Development, a development institution established by the Organization of the Petroleum Exporting Countries nearly 50 years ago, has raised $1 billion by selling its first ever bond. With the money earmarked for food security, healthcare, infrastructure, education, employment and renewable energy projects, the three-year bond which will pay investors an […]
AIIB, OPEC Fund Advance Partnership for Global Infrastructure Funding – EQ Mag Pro
The Asian Infrastructure Investment Bank (AIIB) and the OPEC Fund for International Development (the OPEC Fund) have signed a Memorandum of Understanding (MOU) to expand their operational and strategic cooperation to finance global public and private sector projects, promoting sustainable, resilient and high-standard infrastructure development. “We look forward to further strengthening our collaboration with OPEC […]