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.
mashaallah excellent sing we're on our way recovering the nightmare this nation has been on let's keep going and not look back that's the only option for us for the first time I feel good about the direction this nation is heading.
This is good news and like always everyone can't be winners on the first round but we have to strive for a goal in which the whole society becomes winners in various rounds and stages otherwise things will just go back to the same.
I know not everyone is a winner baby…but that's okay. We have to look at the overall picture. One winner takes two runners up with him and it continues until the whole society is at peace with it self. No doubt it has long way to go but what Mogadishu achieved only in months is remarkable and up is the only way from here.
This is a good start for a city that knew nothing but warlords and guns for 21 years. I definitely want a water front block in Mogadishu. Our current home is in Karaan, it's not far from the beach but it is time to upgrade and up size.
Where is this area they currently building? Lido?
Nevertheless Mogadishu is a prime location, the property of all properties…
Abgaal city where everyone else is a refugee!
16 Districts with 15 controlled by Abgaal and 1 by reer xamar. There is no place for anyone else, Abgaal will not allow this city to fall back into the hands of Darood who owned 75% of that city!
Unless Abgaal give back stolen properties then it will never become the Capital it once was. 1-Clan city will at best remain a shanty town with 2million refugees.
What a fool person,mogadishu live population over 2.5 million.so,you Think everyone is Abgaal.i wonder how your little brain workers you need MRI scan.
let alone Darood son do you know how much Isaak actually own and live in mogadishu ?!
We xamaar is surrounded by hawiye but thats cool son mogadishu is and will always be cosmopolitan !
I must reclaim my family house in hawl' !
Buuxiye thinks the Somali capital is like the villages in the north where every village is settled by certain clan. You can't blame him, he grew up in a village surrounded by like minded people. They eat each others over clans.
I will continue to expose them and tell nothing but the truth.
Mogadishu has more than 50,000 Isaaq population forget Daroods, Hawiye, Rahaweins, other Dir, Bantus, reer Hamar, Barawanis, etc.
Not everything is like your Garadaag village dude. First step out and you will see a new world.
Meanwhile, keep begging sheikh Isaxaaq grave to bring you recognition, burn more foox and cuud.
lool Buuxiye last I checked Mogadishu was the capital of Somalia, mahaa isbadaley, Caadi iska dig.
What a liar.
15 districts are not controlled by Abgaal.
The 5 "H" Districts are majority Habar Gidir: Hamar Weyne, Hamar Jab Jab, Hodan, Heliwaa, Howlwadaag
The district of Dayniile is majority Murusade.
Abgaal are only majority in Karaan, Medina, Abdiaziz, Shangaani and Shibis district.
The other 5 districts are mixed with everyone to the point where you can't determine who are the majority.
Xamar is the most diverse clan city in Somalia. Rahanweyne, Bantu, Dir, Hawiye and Madhiban/Tumaal are the largest in Xamar.
good news! if there is peace anywhere, there is business and economy growth.
Most of those IDP's are farmers that not only failed their harvest but had to also deal with SNA and Shabaab on top of that fighting on their lands. Once security is back they will hopefully go back to cultivated their lands with some investment from the government in infrastructure/seeds/tools to feed Somalia once again Insha'Allah.
Fool me once Shame on YOU, Fool me twice shame on ME.
NON Hawiye were chased once out of Moqadishu and they are still waiting for their REVENGE after Abdullahi Yusuf allowed Ethiopians into Moqadishu.
CHASE-DAROOD to Dadaab Part-II… coming soon
I was wondering where in hell is Kaboon?
Well i think i found him !
Damn the somali women accent is so typical of somali :p
I've seen Mogadishu in videos and pictures and I have to say Mogadihsu is in an ideal place for a capital, near the beach. It is a place where tourist are likely to flood in, very beautiful. It's a shame for it to be in a state of destruction for more than two decades.
Too bad we have put all our eggs there thou in 1960. I Know all my uncles, especially the ones who graduated from British universities all invested much in Mogadishu, wonder if any of our properties and lands are still there or maybe they have been turned into a military ground.
Mogadishu is undoubtedly can be a beautiful city but it's residents don't have the courage of utilizing it's potentials..
Are you blaming the innocent residents? or the individuals that misused power to spread Nepotism (such as Siad barre's regime and Somaliland conspirators)?… Blaming innocent civilians is something that is very hard to accept.
Mogadishu almuqadis (place of worship in Arabic ), Mogadiscio(Vetican Worship in Latin),
good news.
Cheers.
Mogadishu is a Persian name and the city was founded by the Persians, it means mouth of the shark, since its right on the beach. Arabs arrived in Mogadishu in the 9th century while the Italians came yesterday, the Persians predate 2nd century while the Greeks even traded with Mogadishu about that era.
By the time of the Moroccan traveller Ibn Battuta's appearance on the Somali coast in 1331, the city was at the zenith of its prosperity. He described Mogadishu as "an exceedingly large city" with many rich merchants, which was famous for its high quality fabric that it exported to Egypt, among other places.[17][18] He added that the city was ruled by a Somali Sultan originally from Berbera in northern Somalia who spoke both Somali (referred to by Battuta as Mogadishan, the Benadir dialect of Somali) and Arabic with equal fluency.
Mogadishu has undergone more property boom in 8 months than the entire north did in 21 years, that is a fact. The highest property was recently purchased for $20m in Mogadishu while in Hargeisa the highest property costs mere $90,000 (city center right next to City center tower and Bubba building between ex-reer-Ugaadh building (now under Daryeel construction)).
If you have connections it can be more than 50% less than that in fact my uncle just paid $20k right next to Goolis restaurant opposite Caraale (hilib geel restaurant).
No comparison between a village with no infrastructure/town planning to nation's capital, beach front, ideal weather, ex Italian experimentation (Mussolini's so called modernism (read Modernism and Fascism. The Sense of a Beginning under Mussolini and Hitler))….where he took the best Italian designers to Eritrea (Asmara) and Mogadishu.
well at least we did not kill own peoples , thats something the south has to live with , own people somalis how will perseave other tribes if they kill own people . the killings made us more somali , with more hounor and ihsan
have always persued a new capital for somalia in the hafun pennsular with a trible cap at 400,000 of each trible with security in the pennisular being excellent to maintain , its a vibale and optimistic approch , that signals a new change in somali democrate allance
there will alsways be conflict in moqadisho because it is to far south from and has a iranian name,
so i think that moving the capital to the hafun which has history with the azd trible of oman and yamin,
would be a good place to start and going and writing in the somali arabic script again , whats this roman aplhabeta thing , said barre is not a somali , as he killed somalis , he killed the somali inside him , do arabs like iranians nope so new name new city in the hafun is best with new intentions , eg
bismillah , this new city on the hafun pennsular opened for all tribles somali for trade