An official statement said that the fund, since its inception, has allocated more than $24 billion from its own resources to more than 4,000 projects in more than 125 countries around the world, with a total value of about $190 billion.
He added that last year, the OPEC Fund allocated $1.6 billion through 48 projects to increase economic resilience, support growth, and promote development. The financing of the OPEC Fund secures basic supplies, supports infrastructure development, and enhances economic flexibility.
He stated that the OPEC Fund addresses long-term challenges and is a key player in achieving the goals of sustainable development, pointing out that last year the OPEC Fund launched an action plan for food security worth $1 billion in response to the disruption of the global supply chain.
Dr. Akinwumi Adesina, President of the African Development Bank Group, Dr. Mohamed Al-Jasser, President of the Islamic Development Bank Group, and Remy Rio, CEO of the French Development Agency, participated in the opening of the forum.
It is noteworthy that the OPEC Fund works in cooperation with partners from developing countries and the international development community to stimulate economic growth and social progress in low- and middle-income countries around the world.
It is known that the OPEC Fund was established in 1976 with the aim of accelerating development, strengthening societies and empowering people by financing projects that meet basic needs such as food, energy and infrastructure.
Click here to watch an interview with the Egyptian Minister of International Cooperation
PROMOTED
The Vietnam Economic and Social Forum of the National Assembly, the National Assembly's annual program that began in 2021, was successfully held on September 18, 2022. This year's Socio-Economic Forum has the theme "Strengthening macroeconomic foundations, promoting recovery and sustainable development". On this occasion, WAJ invited Vietnam National Assembly Television to interview some economic experts in order to gain more perspectives on solutions for the Vietnamese economy.
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EMAGAZIN: THE MEKONG RIVER - THE CRADLE OF VIETNAM'S DRAGON
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The work "Hanoi Old Quarter" by painter Bui Xuan Phai
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Assoc.Prof.Nguyen Thi Hoe, whose ultimate desire/final wish is to serve society as much as possible
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Minister Luong Tam Quang: Solidarity - Nobility - Humanity - Together to protect a peaceful life, for peace for all mankind
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Mr. Ho Huy - CEO of Mai Linh Group - the top taxi and transportation operator in Vietnam
The two Kings Philippe and Van der Bellen havedifferent backgrounds, one is of royal origin, and the other is a child of a refugee family (once of noble origin) but now, in the eyes of the European public, both of them are giving off a sense of courtesy, virtue and erudition.
WAJ
With the attendance of many international figures, the 80th anniversary of the end of World War II was celebrated at the United Nations headquarters.
Journalist Usama Soliman
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