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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
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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 .

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