OFID
OPEC Fund is a development finance institution created to foster social and economic progress in the developing world.
Business Model:
Revenue: $108.2k
Employees: 11-50
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Detailed OFID Information
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Financial Info
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Raised Last:
$0
Raised Total:$0
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Description
OPEC Fund for International Development (OFID) is the development finance institution established by the Member States of OPEC in 1976 as a channel of aid to the developing countries. OFID works in cooperation with developing country partners and the international donor community to stimulate economic growth and alleviate poverty in all disadvantaged regions of the world. It does this by providing financing to build essential infrastructure, strengthen social services delivery, and promote productivity, competitiveness, and trade. 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.
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| Announced Date | Company | Transaction | Money Raised |
|---|---|---|---|
| 1/2020 | Xac Bank | Debt Financing | 0 |
| 1/2022 | SeA Bank | Post-IPO Debt | 0 |
| 1/2018 | Energy 4 Impact | Grant | 1M |
| 1/2021 | Africa Finance Corporation | Debt Financing | 50M |
| 4/2021 | ACWA Power | Debt Financing | 0 |
| 1/2022 | SeA Bank | Post-IPO Debt | 0 |
| 4/2021 | ACWA Power | Debt Financing | 0 |
| 1/2021 | Africa Finance Corporation | Debt Financing | 0 |
| 1/2020 | Xac Bank | Debt Financing | 0 |
| 1/2018 | Energy 4 Impact | Grant | 0 |
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