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.
Alle kuwa goitaanka doonaya caqli yaraa xataa suudaan miyaad rajo ka raadisay.
War Nidaam qabiil ku saleeysan dadka dowlad ha ooga dhigin.
Sxb Somalia 4.5 system la yidhaahdo ayay ku dhisnayad
kaas qabiil muu ahayn miiyaa
Somaliland was an independent entity before it united with Somalia. The unity was legally incompelete. Now the problem with Somaliland's recognition is tied to the internalional laws. There is a dire need a to convince as many countries as possible to achieve this goal.
Isu sheega Nidaam Qabiil ku salaysan idinkaa dhaqme'e. U fiirso magaca aad webkan ku soo gashay wax kaleba iska daayo.
Waar kuwan in badan baa wadnuhu istaagi doonaa marka Somaliland ictiraafkeeda lagu dhawaaqo!! Alxaasid maayifilax. Alxasad akala quluubuhum.
hes not even real Sudanese, hes bantu lol
Abdi, you are an ignorant. Is this your contribution to the debate? You must the pride of your family.
Darood, af-ingiriisiga ma taqaanid, ninkani isagaa Somaliland iyo Somalia ka hadlay..Wuxuu yidhi Somaliland nabad baa ka jirta oo dadkii rajo siisay, ee maxaa Somalia ku dhacay. Kolay ma oga in adigoo kale Somalia ka buuxaan. Iska daa meeshanuu rajo ka raadino, ee bal dantaada ka tali..
Daarood: Waxaan la yaaba markaad Somaliland wax ka sheegtid waayo maanta kuuma taalaa taasi, waxa kuu yaala inaad meydka dhulka wadhan ka hadashid, waxa kuu taala inaad 20 sanno oo dagaal ku jirtiin soo afjartid, waxa kuu taala inaad sidan Xayawaanimada ee xataa caruurta u leyneysiin iska deysiin, ma garanayo damiirka ku siinaya inaad ka hadashid meel maanta lagu tilmaamayo " The Best Sucess Story Africa has it" bal dib isugu noqo markaad wax post gareyneyso kana fikir in badan hadii kale Websiteyadaa Puntgland kaga hadal kuwaasi ayaa wax kaa dhageysaniye.
You don't need to reply to darood, look at his name, he has no right to talk about unity or nationalism. Hepocrite/munafiiq.
LasAnood was save city before so Somalidiid army came and now those who are creating this problem are elements from hargaisa ruling party to find ways to delay their election. SSC people are Somlies and they do not want to be part of Somalidiid so the sooner you leave Las Anood the Sooner it be save.
ali that is day dream. we have a say duul maa guuro daad baa guuraa. it is you dulbahante not many who are against somaliland one leg in putland for the sake of money and selfishness.
Runta waxay tahay inay qabyaalada ugu raja badantahay. waayo somaalida isma rabto anymore. wa in taas ay girtaan reer konfurta markas ayay qorsho sida ay dagalka u joojiyaan heli doonan. Ila inta ay isku dayayan inay dad 20 sano is gowracayay oo is nacay inay hadana weli khasbaan inay hal dowlad wada xukunto nabadgelyo ma imanayso.
i reconise somaliland, we have oil in puntland farming and rivers in the south and red sea and the indian ocean with raxanwayn darood and hawiye as major population…you having an UN seat is like djibouti having an UN seat…WHO CARES
Somaliland free from somalia 100% for ever is what we need we need one somaliland.
one love to somaliland.
one love by somalilanders
and peace and love to somalia.