Create a custom practice set
Pick category, difficulty, number of questions, and time limit. Start instantly with your own quiz.
Generate QuizWhich OPEC fund provides concessional financing for development projects in energy, infrastructure, agriculture, and social sectors in developing countries, promoting economic cooperation and poverty reduction?
- OPEC Fund for International Development (OFID)
- OPEC Special Fund
- OPEC Development Program
- OPEC Technical Assistance Fund
Answer: OPEC Fund for International Development (OFID)
OFID, established in 1976, operates independently from OPEC. It provides loans, grants, and technical assistance aligned with recipient countries' development priorities. By focusing on sustainable, inclusive growth, OFID strengthens South-South cooperation and contributes to global development goals.