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.
LoL, these guys are a joke, always saying the locals helped us, when in reality it is the locals that tried to kill them in the first place. Every time they are faced with resistance in SSC, they play the Puntland card, get out of here with that BS.
Freaking cowards, do you even know how they got los qoray, when elders asked P/land forces to let them negation with terrorist holding German citizens, When puntland forces pulled back, then like roaches they came in. But now they have to deal with locals that resent them, which is bigger threat to their life's then Puntland forces.
So you're telling me Pland is happily watching from the sideline instead of sending in troops ? i think this is more to do with the Warsangali punishing Faroole it is well known that they don't like him one bit
Sucks to be a SNM militiaman, because they are constantly asking them risk their life's for useless cause, which they will lose in the end, unless they truly convince the locals other wise.
your being darood clanist really suck as you're sucking, and you will soon have a prove that whoever hates us will soon be wiped off the earth and loose everything. Let tell you THAT THOSE WHO ARE CLAIMING A LAND IN SOMALILAND WILL GET GRAVEYARDS INSTEAD, IDIOT!!!
We know everything the period.
Are you the real Sahra?
Dhugtame
Kkkkkkkkkkkkk
Hoodo,
What is wrong with you? Just checking if I'm addressing the right person. I don't know if you are aware of my problems, I have a forty some years-old man called Keyse calling me dad and trying to sue me for child support. On the other hand, a guy called Roble is scaring me to death and basically stopping in courting Sahra, well this is the real Sahra I felt in love with.
Mr. Tellmetruth-Puntlander, how come you cannot even disguise your venom against Somaliland? Somaliland is for all Somalilanders – east and west
So the most trained darood militiamen got beaten by few security guards, Not a good day to be darood
We will conduct a poll when garowe and bosaso are destroyed to the ground
Call it Buqland or Majeertenia as it was always called before Siad Barre's regime, these people do not learn from their past mistakes and miscalculations. They just do what the rest of their fellow Somalia Italians do. They keep repeating the same mistake over and over again. They are like a woman in labor that always promises abstinence, yet after delivery she goes back in bed with her husband and begins the same circle all over again.
Abdisalaan Mohamed Hassan is reer El Buh (Ceergabo district) why would he go to eastern Sanaag in the first place? isn't gardaro? Badhan, Dhahar Las-qoray, Ceelayo regions all the way to Bosaso is General Ilko-jiir territory. Abdisalan was lucky if he didn't end up in Las Qorey tuna factory. looooooooooooooooool. heeladu waa heelo Las Qoray.
God I love you sister Amirah Istal-Somali, Well done as usual kkkkkkkkkk.
Thanks God the real Sahra is back. Was a guy impersonating you or was that you all along?
LOOOOL Sahro sis muxuu kan kaa rabaana, wiilku waaba nacas loool
This guy is a traitor, he's lucky he wasn't stab in the head. Abdisalaan Mohamed Hassan has broken every law of Puntland he perfectly knows Puntland will not tolerate the Isaaq expansion into hart darood? so why bring rear Issaq militia into Puntland territories?