[QODLink]
Counting the Cost

The oil cartel's secret aid fund

Why has OPEC kept its 40-year-old development fund under wraps?

Last updated: 06 Jul 2014 10:31
Email Article
Print Article
Share article
Send Feedback

The OPEC Fund for International Development (OFID) is a multilateral, finance development institution established in 1976. The institution focuses on projects that provide basic needs all over the world, such as food, energy, clean water, sanitation, healthcare, and education.

These projects took place in 134 countries: 53 of them in Africa, while other projects reached Asia, Latin America, and the Caribbean. So why has so little been heard of the oil cartel's 40-year-old development fund?

We talk to OFID’s director general Suleiman Al-Herbish.

Watch each week at the following times GMT: Friday: 2230; Saturday: 0930; Sunday: 0330; Monday: 1630.  Click here  for more  Counting the Cost .   

Follow Kamahl Santamaria  @KamahlAJE  and business editor Abid Ali  @abidoliverali .

164

Email Article
Print Article
Share article
Send Feedback
Topics in this article
People
Organisation
Featured on Al Jazeera
Your chance to be an investigative journalist in Al Jazeeraís new interactive game.
An innovative rehabilitation programme offers Danish fighters in Syria an escape route and help without prosecution.
Street tension between radical Muslims and Holland's hard right rises, as Islamic State anxiety grows.
Take an immersive look at the challenges facing the war-torn country as US troops begin their withdrawal.
Featured
Private citizens take initiative to help 'irregular' migrants, accusing governments of excessive focus on security.
Indonesia's cassava plantations are being killed by mealybugs, and thousands of wasps have been released to stop them.
Violence in Ain al-Arab has prompted many Kurdish Syrians to flee to Turkey, but others are returning to battle ISIL.
Unelected representatives quietly iron out logistics of massive TPP and TTIP deals among US, Europe, and Asia-Pacific.
Led by students concerned for their future with 'nothing to lose', it remains to be seen who will blink first.
join our mailing list