OPEC Fund Quarterly - 2025 Q1

EVENTS

Successful member country mission to Indonesia

Indonesia mission

Vice President, Strategy signs Memorandum of Understanding with national Agency for International Development T he OPEC Fund and its member country Indonesia seek to enhance cooperation. A delegation led by Vice President, Strategy Musab Alomar visited Jakarta for a series of high-level meetings in late February 2025.

Indonesian AID is the country’s international development fund, established in 2019. CEO Tormarbulang Lumbantobing, who also serves as Indonesia’s alternate governor to the OPEC Fund, said after the signing: “The collaboration with the OPEC Fund will further enhance our role in development.” The partnership will cover areas such as climate action, food security, renewable energy, health and technical capacity building. The OPEC Fund and Indonesian AID will join forces particularly in least developed countries and Small Island Developing States. The OPEC Fund delegation also met with Indonesia’s Governor Suminto as well as senior representatives from government, private sector and partner institutions. The mission was part of the OPEC Fund’s strategic focus on member country engagement. Indonesia is a founding member of the OPEC Fund and has played an important role in the institution since inception.

Deepening host country relations

The mission culminated in the signing of a Memorandum of Understanding with the Indonesian Agency for International Development (Indonesian AID) that provides the basis for increased collaboration in key development areas. VP Alomar said: “Further strengthening our already close ties will deliver impactful solutions.”

O PEC Fund President Abdulhamid Alkhalifa was among the

Reception at the Wiener Rathaus

guests of honor at a lunch hosted by the Mayor of Vienna, Michael Ludwig, for the heads of international organizations based in Austria’s capital. Other guests at the Vienna City Hall in late February included Ghada Waly, Director- General of the United Nations Office at Vienna, Rafael Mariano Grossi, Director General of the International Atomic Energy Agency and Gerd Müller, Director General of the United Nations Industrial Development Organization. A few days later the new federal government of Austria took up its work opposite the Rathaus in the heart of Vienna’s old town. President Alkhalifa conveyed the OPEC Fund’s best wishes and the desire to further deepen relations in letters to the new Chancellor Christian Stocker and the Minister of Foreign Affairs Beate Meinl- Reisinger.

“Further strengthening

our close ties will deliver impactful solutions.”

Musab Alomar, Vice President, Strategy, OPEC Fund

Musab Alomar, OPEC Fund V i ce Pres i dent, Strategy with HE Anggito Abimanyu, Vice Minister of Finance of Indonesia; Tormarbulang Lumbantobing CEO, Indonesian AID (right)

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Photos: OPEC Fund/Luiz Loures

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