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.
May Allah guide Somaliland-Republic to Full independence, Sustained peace and development.
Caano Geel iyo Cafimaad for the people of Somaliland-Republic.
Why are these men dressed like women
Looool Kaboon you’re so stupid ! Really Man please won’t Ever leave Sland press :0
Shame, if you have nothing to say, shut up. They are dressed islamically…….
Hodan
LOOOOOOOOOOOOOOOOOOOOOOOOOL they are wearing traditional arab clothing that has nothing to do with islam. Get education.
Kaboon, Hornid, Jaarso, Cabdiwali, ComeAgain and the like are Amhara who do frequently visit SomalilandPress for the sole purpose of widening the rift between Somali people. They are not Somali therefore do not address them as one of our own. Any Somali or a Muslim for that matter can not be confounded or confused by the traditional Arabian Gulf dress. If you push anyone of these Abyssinian savages to a corner, you will see them insult Islam and Muslims everywhere.
Let us not engage them.
darood are creating hate between somalis, Ethiopians don't need to
What two countries? You know someone is stringing you on when they utter the name of a country that does not exist in reality and they say we are seeking recognition in the same breath. Are you a country or are you still seeking recognition? Which one is it? You can not have it both ways.
Also, whenever you folks pay a visit to your relatives in UAE and talk to some Arab Sheikh about livestock trading business, youl come up with glowing titles such as his excellency, honourary and bilateral relations.; bilateral relations happen between two equeal entities.
Can we come down to earth and for once and live in the real world instead writing fiction everyday?
Worry about your messed up muqdisho man.
Hadkha you are drinking vodka
There is a distinction between:
Sovereignty & Recognition.
Somaliland-Republic is Sovereign and that is undisputed by international community as it is happy to enter into binding contracts with the Government of Somaliland, We have a fixed population, Government exerts influence in Majority of our sovereign territory. There is no international dispute of Somaliland's historical sovereignty nor it's reclamation of it's territorial De-Jure Sovereignty.
Recognition is a totally different ball game. Somaliland entered into a Union with another STATE in 1960 and since 1991 to 24-Aug-2012 the other state(Somalia-federation) has been a failed state with a transitional government. The government of Somalia-federation was neither responsible nor accountable to anyone. 2-United states share a "Recognition" under the banner of a unitary state since Somaliland-republic unilaterally dissolved the Union it was always inevitable to discuss the dissolution with their former partners. The reason being the 2-states shared wealth, properties, international dept, foreign properties, state assets suspended in foreign accounts, etc. There was simply nobody who was in a position for 22years of transition that could be reasoned with or for that matter no Government that could be taken to international courts. 24-Aug-2012 Finally transitioned ended and we were the architects that made it possible for the transition to end so as to maneuver you into a more favorable position… in addition we secured a pre-condition of a 2-state dialogue process which is non-negotiable.
There was a time our Recognition would have ment we loose out a lot, the 22year delay means:
– We get our share of the Union foreign held assets and properties along a 50/50 divide.
– There is now a government that can borrow $Billions in aid t pay off the compensations owed to Somalilanders who lost their loved ones and properties at the hand of the Union-government.
– The end of transition has created a greater opportunity for Somaliland-republic to launch a multi-phased dissolution package as compared to an empty recognition if it happened during the TFG era.
I'm not sure whether you're being sarcastic or real, either way you sound a mediocre stand-up comedian.
If you're confused as to why Somaliland is claiming a country status and in the same time asking for an international recognition,
Well, before May 18, 1991, Somaliland was under the umbrella of Somalia, then the whole country had tumbled down to ground zero, now not only Somaliland is seeking a new status, Somalia is also actively campaigning for a new Somalia. The USA just has recognized Somalia as a government…
We're awaiting when the USA invites Mr. Silanyo to Washington so he can put his power-point presentation on the screen as well.
One more thing, Allemagan, we're going to advice President Silanyo to have a clean shave before he arrives at Washington ..President Mohamoud looks like a homeless person with a suit and tie in the picture on the article pertains to Somalia..
I seriously do not understand, and i am not joking about this, why does Somalia still wants us. We dont want to be part of their country yet they soooooooooooooo badly want us. It is for me really weird. If I were the president of Somaliland I would make sure that we get our recognition back. If they dont want to give us our recognition we really should get it with the hard way.
Well that's how the art of the game should work. If the transitional Federal caretaker Govt of HSM
refuses to accept a 2way statehood solutions based on the dysfunction of the union of july 1 1960,
"Somali Republic", under the international demarcation boundaries of the pre-union, then obviously
the de jure Somaliland would be obliged to play hard ball like Djibouti.
Cheers.
.
Nobody cares what you do with your territory. But thinking that we will keep silent, and give you recognition and respect. While you try to walk off with a large chunk of land that does not belong to you is insane and unrealistic.So negotiate on genuine basis or stop talking nonsense and except there is recognition coming
Tell-me-what you want, tell me what you need that is a Bashment ridim from days long gone
I personally want o become the Emir of Nugaal.
Please address me as the "His Royal Emir Buuxiye"
Good news.Looking forward to further deeper contacts and bilateral trade relations on
all fronts facilitating mutual benefits for both nations.
Cheers.
One town in UAE (Dubai) held meaningless meeting no different to the many they conduct with Farole, Galmudug and Sahlu Sunna to discuss piracy, Somali issues, refugees and diraac trade as always.
There is nothing new here and this "news" is nothing new at all, just google the website and you will see countless stories about these endless lies over the two decades.
Nothing has changed. They said French firm was coming, where are they? They said Germans would building power stations, where are they? They said the Chinese will take over Berbera and install pipelines where are they?
This is no different and tomorrow the separatists will ask the same question, where is DP?
DP would rather invest in Kismayo or Mogadishu than an oven like Berbera that is maintained and only exclusive to one sub-clan.
It's not even viable business when its next to Doraleh and Djibouti port…and Bosaaso….Las Qoreey…
Buuxiye,
One of the major stumbling blocks of reconstituting Somalia as a state is the existence of regional war-lords who declare clan enclaves as an independent states. Somaliland (sic.) is a perfect example of such anomaly as separation of northern Somalia is driven by some sectors of one clan.
The British Protectorate of Somaliland was one of 24 territories that could not become viable countries. The British granted independence to Somaliland for the sole purpose that it will reunite with Italian Somaliland. Can we realistically expect for the triangle between Burao, Hargeisa and Berbera to become a viable country. Even if that little triangle was allowed to secede no one doubts that it will not survive without massive foreign aid and a constant handouts from the international community.
No region has the right to unilaterally declare independence from an official union without going through the legal channels. Somaliland can not hold fair and free municipal elections. How can we believe or trust that it conductd a region-wide referendum without cooking the books. It is wrong for those who want to divide Somalia into enclaves along tribal ines to force their choice on those who do not want to be part of their misguided project.
Cont ….
Also you claim that some cities in northern Somalia were bombed and some people were massacred and rightly so. But the burning question is who was responsible for those atrocities that you listed here. You cannot hold everyone from southern Somalia responsible for the actions of one mad dictator as you cannot blame all Syrians for the actions of Bashar Al-Asad today.
We are all from one area of Somaliland or the land of the Somalis. Whether that happens to be in the south or north of Somalia does not matter. The fact that certain white men colonized one region or another of our country is irrelevant. At the end of the day, while the whole world is still stealing our fish our children go hungry and we are here we are squabbling like naked savages.
Unity is strength. Separatism and division weakens our society. Let us all move forward and live in the present as one people.
Your weak appeal for unity is too little too late..Somaliland has been functioning effectively over 21 yrs.
We have unwavering unity in Somaliland and that should be enough for us…If you chose to bury head in the sand like an ostrich, so be it..
Allemagan aka Kayse bro changing names and colors won't save your dark sickness and hatred for
Somaliland and what it stands for. Keep moaning bcos there's nothing else you could harm
this great nation and Country.
Cheers.
Buuxiye,
You know that there is no two countries and Somali people is one community. You can entertain yourself about your imaginary 2-state solution which only exists in your mind. Cutting and pasting of the same few lines ad nauseum will not create a situation that does not have any bearing on reality but if that may help you sleep better in the night, so be it
Saying that I will give you a plus on this one comment because it is the first time you talked about possible reconciliation of Somali people. Normally you heap insults on your fellow Somali brothern and sisters as you defend the Kikuyo and Abyssinians who do frequently visit this forum only for the sole purpose of keeping Somalia weak and divided.
Good news
UAE is the epicenter of business trought asia , africa and the middleast.
The former president of BP Mr Tony (biggest oil company ) remenber the oil split in Louisiana offshore is also the close friends with UK prime minister and lord allen .
Mr tony was in Dubai this week with somaliland Minister of Water, Energy and Water Hon Hussein Abdi Duale .
The relations between Somaliland and UAE based on cooperation , military , fight to extremisms is welcome.
Already Britain and US are working the states solutions.
Are you emarti no you are a somal citizen with no citizenship in a arab country. Why do you hate the western world they give out citizenships then these animals.
Since when does wearing a man dress make you a mu s lim? So a c h r i st i a n bishop who also wears a man dress is mu s lim now? Really? In that case maybe 50 year old men should be m ar ry ing 9 year old's cause you know thats Is l a m i c too!
@comeAgain
it's okay for you, for 90 years old christian tourist to sleep around with your 9 years old black short sister.which of the two appeals to you.my guess is the 90 years old tourist,my choice is 50 years old muslim marrying my 9 years old sister.which is cool now.good for nothing creature
Sorry what did you say because i didnt understand your point. I mean seriously you are joking right? Do we Somalilanders want to take garowe or bossaso. Somaliland had and have a territory before we joined Somalia (Italian collognized Somaliland). We dont want your land and you must stop wanting our land. If you want our land than we definitely want also land from Somalia. We can play that little game too. Negotiations of what exactly? Talk about peace and understanding but don’t talk about land because that will never happen or it will happen and will get also land from Somali. Talk about when and not about the recognition or we will get out recognition one way or the other. And i really have a great Idea that the Americans want like it. But that will come if brotherhood and love that we have for all the Somalis that we wanted to join (it was our idea by the way after we got betrayed). Believe me if Somalia now divorce Somalilanf withiut problems gues which country will fight to protect and be on the side of Somalia everytime. Us Somalilanders. Why after all thatyou did to us, because you are Muslim too. And we share allot of history, not always good but we are still connected. And we are neighbours so we need to help eachother. But if we dont get our recognition from you guys (soon we will know because you guys have finally getting your act together with the new president) we make sure that we do after this talk. I will make sure.
But let first give our officials a chance to ‘talk’.
Oeps mistakes in there I see, sorry about my English. It is my fourth language :S , But you get the picture, we want peacefull resolution or else face the outcome of your choices.
Somalilanders and South Somalians pls come to sense and stop bugging the world. Respect the rights of your people and start working hard for a free democratic republics based on justice and equality with out foreigning interventions.
Like peaceful brothers : Somaliland Republic and Federal Somalia. Other wise…………………..
Amazing how Zoomalian have only learnt how to repaet European racially motivated discriminatory and insane logic to deny the rights of SL people. If they were developed beyond the the Mugga or the Boowe era, it would have made sense. However, they don't do justice to stupidity with their insane hatred. It is as though they have learnt nothing, but bad manners during their times in Europe and America.
Zoomalia problems were due to a lack of development at social and economic level and nothing to do with abuse of military Aid since the majority of them could not eve use the weapons in a professional manner. That is why they had to hire white Zimbabwean to do the killings of civilians much more efficiently when they could not do it themselves.
So for a Zoomali, everything he/she touches just fails. Everything he/she says just stinks.
If such ppl can't even get the respect of other Somalis who understand their Boowe and Mugga languages, imagine what is in store for them regarding those they continue to run to for Aid and recognition.
They there to get new diraac for Hirsi Gaab's marwoo and they trying to lie to us as if we dont have relatives in Dubai who know the truth including those receiving them. See as an Isaaq, I have insight information anaaga isku camiirna and it reaches us but we entertain reer Hamar with lies just to see their reactions. We build our own Burj Khalifa with lies thats why we are disaster after 20 years of lies, khat, Siad Bare scare tactics and grieving.
This photos are to divert attention from the reality; from Zeila, Ahemed Dagah, Borama, Sool, Sanaag…the hawala tribal enclave needs every lie to keep the few remaining die hard tribalest loyal and jumping in limbo.
These are there culture clothing and there some uncle toms who are defending arabs in this website yes that's hodon and ayanle.
No need to do business with arab countries.
hereby i would like to submit my deeply congratulations to, mr mustafa MMJ