Mandate - OPEC...OFID © 2006 2 • Promote Cooperation between OPEC Member States and other Developing Countries • Strengthen South-South Solidarity • Help particularly poorer

OFID © 2006 2

• Promote Cooperation between OPEC Member States and other Developing Countries

• Strengthen South-South Solidarity

• Help particularly poorer, lower income countries in pursuit of sustainable social and economic advancement

Mandate

OFID © 2006 3

• Engaged in 119 countries worldwide.• OFID does not work in member countries. Its

resources go to assisting non-member countries.

• OFID financing is untied; beneficiaries are free to source material (skills, imports and technology) where they wish.

• OFID respects the priorities of its beneficiary countries.

• OFID has no ideology; we go everywhere; cooperation needs-based.

Main Features

• Public Sector Lending Operations

• Private Sector Facility

• Grants Program

OFID © 2006 4

Means and Channels

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OFID Facts & Figures

2.2Average number of grants extended monthly

25.8Average number of grants extended annually

3.0Average number of loans extended monthly

35.7Average number of loans extended annually

OFID © 2006 6

Sustainable development is:“development that meets the needs of the present, without compromising the ability of future generations to meet their own needs.”

Dr. Brundtland’s definition of Sustainable Development

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1. Eradicate extreme poverty and hunger2. Achieve universal primary education 3. Promote gender equality and empower women4. Reduce child mortality5. Improve maternal health6. Combat HIV/AIDS, malaria and other diseases7. Ensure environmental sustainability8. Develop a global partnership for development

Millennium Development Goals

OFID © 2006 8

“It was very natural for the major oil and gas producers to invest heavily in their NOCs first, and it is equally natural for them to now ask these same NOCs to share their experience and competencies so as to raise the overall capabilities of their nations.”

National Oil Companies (NOCs)

New "Flying Camel", ARAMCO airplane arrives in Dhahran, 1952.

9

Project Financing, 4981, 61%

Program Financing,315, 4%

Balance of Payments,724, 9%

HIPC Initiative,214, 3%

Public Sector, 6284, 78%

IFAD, 861, 11%

Private Sector,472, 6%

Grants Operations, 360, 4%

IMF Trust Fund,111, 1%

PRG Trust,50, 1%

(in US$ million as of June 2006)

Total commitments : US$ 8.09 billionOFID © 2006 10

OFID’s Cumulative Activities

Transportation, 1,295, 26%

Energy, 946, 19%

Multisectoral, 299, 6%

Agriculture & Agro-Industry, 747, 15%

Education, 598, 12%

Water Supply & Sewerage, 448, 9%

Industry, 100, 2%

National Development Banks, 199, 4%

Health, 349, 7%

Total Commitments: US$ 4.98 billion

By Economic Sector (in US$ million)

Project Loan Commitments

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PUBLIC SECTORPUBLIC SECTOR

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Energy Projects Financing by Sub-sectorPUBLIC SECTORPUBLIC SECTOR

Others11%

Gas Distribution5%

Power Distribution

5%Exploration

6%

Oil Imports10%

Rural Electrification

12%

Power Plants51%

Financing by Country Grouping

Low Income

Countries75%

Middle Income

Countries25%

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

1976 1981 1986 1991 1996 2001 2006

Year

Cum

ulat

ive

Cos

t of P

roje

cts

[US

$ M

illion

].

OFID © 2006 13

Total Cost of Co-financed Energy ProjectsPUBLIC SECTORPUBLIC SECTOR

Total Cost: US$ 14.5 billion

KFAED, 4%

ADB, 4%

IADB, 4%

IBRD/IDA, 19%

OFID, 7%

SFD, 3%Beneficiaries,

39%

Other, 20%

OFID © 2006 14

“30 Years of Partnership & Cooperation”

Address: The OPEC Fund for International Development (OFID)

Parkring 8

A-1010 Vienna

Austria

Telephone: +43 (1) 515 64-0

Fax: +43 (1) 513 9238

Email: [email protected]

Website: www.ofid.org

OFID © 2006 15