File photo of the logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen at OPEC's headquarters in Vienna, Austria June 19, 2018. REUTERS/Leonhard Foeger/File Photo
DOHA: The State of Qatar has participated in the 39th meeting of Ministerial Council of the OPEC Fund for International Development (OFID), held recently in the Austrian capital, Vienna.
The Qatari delegation to the meeting was headed by Qatar’s Ambassador to Austria Sheikh Ali bin Jassim Al-Thani.
Qatar, one of the largest contributors to OFID, affirmed its commitment to continue supporting the Fund’s activities and thereby enhance its role in the service of development in all countries of the world, especially the less developed.
The OPEC Fund for International Development (OFID) is an intergovernmental 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.
At its meeting in Vienna, the Ministerial Council, which comprises the finance ministers of Opec member States, reviewed the OFID’s lending policies as well as its role in achieving sustainable development, eradicating poverty and reducing the spread of epidemics in developing countries.
The meeting also appointed a new Director-General to the fund.
