03 | THE OPEC FUND – GOVERNANCE
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, fostering 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 Director-General.
MINISTERIAL COUNCIL
COMPOSITION AS OF DECEMBER 31, 2022
Country
Representatives
Algeria
HE Brahim Djamel Kassali
The OPEC Fund’s supreme authority is the Ministerial Council, composed of finance ministers of the member countries. The Council issues policy guidelines, approves the replenishment
Ecuador
HE Pablo Arosemena Marriott
Gabon
HE Nicole Jeanine Lydie Roboty Mbou
Indonesia
HE Sri Mulyani Indrawati
of the OPEC Fund’s resources, authorizes the administration of
Iran
HE Dr. Seyed Ehsan Khandouzi
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.
Iraq
HE Taif Sami Mohammed
Kuwait
HE Abdulwahab M. Al‐Rasheed
Libya
HE Dr. Khalid Al-Mabrouk Abdalla Al-Mabrouk (chair)
Nigeria
HE Zainab Shamsuna Ahmed
Saudi Arabia
HE Mohammed Al-Jadaan
United Arab Emirates
HH Sheikh Maktoum Bin Mohammed Al Maktoum
HE Mohammed Bin Hadi Al Hussaini
Venezuela
HE Dr. Delcy Eloina Rodriguez Gomez
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