THE OPEC FUND TIMELINE
2021 • Name reverts to the OPEC Fund for International Development • US$20 million loan benefits a water, sanitation and hygiene (WASH) project in Sierra Leone’s capital Freetown
2024 • First sustainability-linked loans signed • First loan syndication with member country financial institution arranged, from Commercial Bank of Dubai, UAE to Banco Continental, Paraguay • A €50 million loan supports a trade finance facility for the commodities broker Sucden for procurement and export of traceable cocoa beans
• The OPEC Fund announces a US$1 billion pledge in support of the Riyadh Global Drought Resilience Partnership • The OPEC Fund expands its
2023 • The OPEC Fund debuts on London Stock Exchange with inaugural US$1 billion SDG bond • US$48 million loan signed for Khizi-Absheron wind power plant in Azerbaijan • A €20 million loan in Albania and a US$20 million loan in Botswana support micro, small and medium- sized enterprises, as our first private sector loans to financial institutions in those countries
Headquarters to include the newly renovated Palais Colloredo-Mannsfeld
• A US$18 million loan helps finance Egypt’s largest private sector solar power project Kom Ombo • Inaugural credit rating of AA+, with Stable Outlook from Fitch Ratings • Palais Colloredo-Mannsfeld purchased to expand Headquarters in Vienna
2022 • Climate Action Plan adopted, calling for 40 percent of new annual financing to climate- relevant projects by 2030 • Food Security Action Plan adopted • First OPEC Fund Development Forum in Vienna • Staff headcount reaches 200
2025 • Green-Blue Connect Initiative launched at COP30, endowed with US$3 billion • The OPEC Fund pledges up to US$2 billion for Mission 300 initiative, connecting 300 million people to electricity in Sub-Saharan Africa by 2030 • Small Island Developing States (SIDS) initiative recognized at International Conference on Financing for Development
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