The OPEC Fund for International Development (OFID) is the development finance institution established by the Member States of OPEC in 1976 as a channel of aid to the developing countries. OFID works in cooperation with developing country partners and the international donor community to stimulate economic growth and alleviate poverty in all disadvantaged regions of the world. It does this by providing financing to build essential infrastructure, strengthen social services delivery and promote productivity, competitiveness, and trade. OFID’s work is people-centered, focusing on projects that meet basic needs – such as food, energy, clean water and sanitation, healthcare, and education – with the aim of encouraging self-reliance and inspiring hope for the future. OFID provides assistance through means of loans, grants, and technical assistance. 

The first loan from OFID to Maldives was in 1977 for balance of payments support. Since then, the OFID has assisted the country with financing in the areas of transport, fisheries, ports development, water supply and sewerage, education, and environment .

OFID in the Maldives