The OPEC Fund for International Development, a multilateral development finance institution headquartered in Vienna, Austria, expanded its new commitments to $1.7 billion across 55 projects globally in 2023, providing funding to address climate change and energy transition, support social and economic resilience and boost sustainable growth.
The organisation was established 48 years ago and the 2023 results represent a record in new commitments.
OPEC Fund Director-General Abdulhamid Alkhalifa, said, “In 2023, the OPEC Fund increased its impact through the delivery of development support in a challenging global environment.
