The OPEC Fund announced some US$720 million in new financing to support development efforts across Africa, Asia, Latin America and the Caribbean, and saw the signing of US$362 million in new loan agreements
VIENNA, Austria, June 18, 2025/APO Group/ --
- Announcement of over US$1 billion new financing: OPEC Fund signs US$362 million new loan agreements during the Forum and announces approval of US$720 million in new financing in the second Quarter
- A Country Partnership Framework agreement with Rwanda earmarks US$300 million financing in the next three years
- At the high-level Mauritania roundtable hosted by the OPEC Fund, the Arab Coordination Group (ACG) announced a pledge of US$2 billion financing over the next 5 years to support Mauritania’s development priorities.

OPEC Fund President Abdulhamid Alkhalifa
The fourth OPEC Fund Development Forum (https://OPECFund.org) concluded today with a strong slate of new commitments, loan agreements and strategic partnerships to advance inclusive transition and sustainable development. The Forum brought together more than 700 global leaders, including government representatives, development institutions and private sector stakeholders, under the theme “A Transition That Empowers Our Tomorrow”.
The OPEC Fund announced some US$720 million in new financing to support development efforts across Africa, Asia, Latin America and the Caribbean, and saw the signing of US$362 million in new loan agreements. A new Trade Finance Initiative is set to secure vital supplies and help close trade-related liquidity gaps in partner countries.
OPEC Fund President Abdulhamid Alkhalifa said: “The OPEC Fund Development Forum reflects our conviction that partnerships must deliver results. Today we achieved tangible progress – with new signings, new partnerships and new approaches to help our partner countries turn ambition into action. Whether in energy, infrastructure, agriculture or finance, we are responding with solutions that make a difference.”
As part of its Small Island Developing States (SIDS) initiative, the OPEC Fund signed cooperation agreements with Grenada, and the Solomon Islands, expanding support for climate resilience and sustainable infrastructure.
Deepening Country Partnerships for Long-term Impact
New country-level agreements and cooperation frameworks include:
- A US$212 million loan agreement with Oman to finance the Khasab-Daba-Lima Road Project (Sultan Faisal bin Turki Road), improving local and regional connectivity, as well as a Country Partnership Framework (CPF) to strengthen cooperation over the next five years.
- A US$25 million loan agreement with Cameroon to strengthen the Rice Value Chain Development Project, supporting smallholder farmers and strengthening food security in vulnerable regions, in collaboration with the Islamic Development Bank (IsDB), Arab Bank for Economic Development in Africa (BADEA) and the Kuwait Fund.
- A CPF with Rwanda to allocate up to US$300 million in financing for 2025 – 2028, supporting the country’s development priorities, including quality infrastructure, improved essential basic services and the promotion of entrepreneurship and the private sector.
- Other country partnership agreements included: Azerbaijan to support infrastructure, energy transition and sustainable development; Botswana to support infrastructure, renewable energy, innovation and digital transformation, as well as private sector export-led growth over the next three years; Grenada to build resilience through sustainable development initiatives; Kyrgyz Republic to increase cooperation in transport, water supply and sanitation, energy, agriculture and banking sectors; and Solomon Islands to expand engagement and increase cooperation including in the private sector.
Scaling up Private Sector Support
The OPEC Fund continues to prioritize private sector-led growth with targeted financing to financial institutions across Africa:
- In Côte d’Ivoire, a €30 million loan agreement with Coris Bank International Côte d’Ivoire and a €35 million loan agreement with NSIA Banque will facilitate access to finance for small and medium-sized enterprises (SMEs).
- A US$40 million loan agreement with the East African Development Bank (EADB) will boost economic investments across Kenya, Uganda, Tanzania and Rwanda, strengthening regional integration and inclusive growth.
New Trade Finance Initiative
- At the Forum the OPEC Fund also announced a new Trade Finance Initiative to boost trade resilience in partner countries by facilitating access to essential imports, closing liquidity gaps and strengthening resilience to external shocks in vulnerable economies.
Advancing global cooperation
The Forum also featured new agreements to deepen multilateral cooperation:
- A new cooperation agreement with the Central American Bank for Economic Integration (CABEI) will strengthen collaboration in infrastructure, energy and human development projects across the Latin America and Caribbean region.
- The OPEC Fund and the Islamic Organization for Food Security (IOFS) formalized a cooperation agreement to coordinate efforts on climate-resilient agriculture and sustainable food systems.
- A cooperation agreement with the International Anti-Corruption Academy (IACA) will support training programs to promote institutional transparency and anti-corruption capacity building in partner countries.
Ahead of the Forum, the OPEC Fund hosted the Annual Meeting of the Heads of Institutions of the Arab Coordination Group (ACG). Delegates participated in a high-level roundtable with the President of Mauritania, Mohamed Ould Ghazouani to strengthen development collaboration and mobilize investment flows to Mauritania. The roundtable resulted in an ACG joint pledge of US$2 billion financing over the next five years. This will be directed to vital sectors, including energy, water, transportation and digital infrastructure to stimulate economic growth. A dedicated Arab Donors Roundtable on the Sahel addressed strategies to mobilize greater support for the region’s urgent challenges. It was organized by the Permanent Interstate Committee for Drought Control in the Sahel (CLISS) and sponsored by the OPEC Fund’s partner institution, the Arab Bank for Economic Development in Africa (BADEA).
Distributed by APO Group on behalf of OPEC Fund.
For those of us in diaspora, we get our daily news about Somaliland from Somaliland media.
The problem we are facing nowadays is that rearly do we get an impartial news.
They are either for or againest the current government, these not a true media but a hired guns or a clan leaning which do not help Somaliland causes. we need a true media reports who can be as neutral as possible and pass on the fact on the ground not what they heard from the government or opposition parties.
For example, the current crisis we hear from the government point of view is why they are right and will not accept the server and why they kicked out the interpeace guy from the Country, and then we here the opposition side saying why it is wrong not to use the server and to remove the guy from the country.
We need an impartial news media to Inform us the truth and we can make our correct decision.
What you guys are doing now is to open many doors for Somaliland enemies to take an advantage of current crisis and attack Somaliland from every corner.
Somaliland news Media, please give us the fact and be true patriotic to your country.
Long live Somaliland and it's people.
Lets research who is writting all these article for Somalilandpress. This website is design by someone who is not measuring what cost or value the news they post is affecting the country. I advise the the owners of this web to revisit what was your vision when you start this website. Which I am thinking your orignal goal of this website was to deliver honest news to the people of somaliland and other people who would like fellow somaliland news. please take full ownership your website and the more you do the more we can trust you. Somaliland is in the urge of recognition and some of the news that i read from this website quetion me who are the owners? what is their goal?,
That is my thought.
Mr. Oday
I for one have found this website SomalilandPress to be unbiase when it comes to coverage of Somaliland news and current issue. So why don't we support sites like Somalilandpress rather than judging all the Somaliland media outlets the same. SomalilandPress is the only Somaliland website that has in Google it's headquarter office "Hargeisa,Somaliland". Also as we know there are so many websites that are being operated by the enemies of Somaliland that put false news/image of Somaliland in Google News. SomalilandPress is doing very in putting out a positive image of Somaliland to the world. Let us give credit when credit is due.
Thank you
Loyal visitor of SomalilandPress
Ahmed Warsame
Washington DC, USA
Pro. ali mazrui once said: Africa's future depends its dispora but i doubt whether somalilander's based abroad are objective enough because i see many who are complaining meadia outlets rather this regime whom eroded our image of abroad to the lowest level.
In my opinion, there is different between just news and news that have personal idea in it. It is the reader is responsibility to search and look for the correct news. Forexample, people see things differenly and that is oky. Two reporters who are reporting same news at the same time can be different when they are sending that same news. They may use different headers, grammers and news may have something to do with them personally instead of everyone else.
An example of this is like one reporter who is based in Somaliland but he only reports the bad news about the Government of Somaliland. One day another reporter sat with him and he asked him, brother don’t you have anything that is good to report about Mr. Riyale and Udub. XITAA IRBAD DUNLAGAIYANA HANOQOTEE. His answer was that he is no friend of Mr. Riyale and went on telling something that happened between him and Mr.Riyale
He was honest man but he lost his readers becuase they found out it was personal attact rather than attack that need Somaliland to be better. My views are general and has not dirrected any Somali own websites.