04 | THE ORGANIZATION – OUR GOVERNANCE
OUR GOVERNANCE
The OPEC Fund’s governance ensures proper implementation of rules and procedures, accounting data and business processes. These business processes are the basis for the OPEC Fund’s efficient operation, foster- ing a strong risk management culture and providing management and the Governing Board with objective analyses of the Fund’s activities. The institution’s founding charter is the Agreement Establishing the OPEC Fund. It outlines the authorities and responsibilities of the Ministerial Council, the Governing Board and the President.
Ministerial Council
Country
Representatives
The OPEC Fund's supreme authority is the Ministerial Council, composed of finance ministers of the member countries. The Council issues policy guidelines, ap- proves the replenishment of the OPEC Fund's resources, authorizes the administration of special funds and takes major policy decisions. The Ministerial Council holds one annual session and elects one of its members to serve as the chair of the Council for a period of one year.
Algeria
HE Laaziz Djamel Faid
Ecuador
HE Juan Carlos Vega Malo
Gabon
HE Nicole Jeanine Lydie Roboty Mbou
Indonesia HE Sri Mulyani Indrawati
Iran
HE Dr. Seyed Ehsan Khandouzi
Iraq
HE Taif Sami Mohammed
Kuwait
HE Fahad Al-Jarallah
Libya
HE Dr. Khalid Al-Mabrouk Abdalla Al-Mabrouk
Nigeria
HE Adebayo Olawale Edun
Saudi Arabia HE Mohammed Al-Jadaan (chair)
United Arab Emirates
HH Sheikh Maktoum Bin Mohammed Al Maktoum HE Mohammed Bin Hadi Al Hussaini
Venezuela HE Dr. Delcy Eloína Rodríguez Gómez
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