OFIDOPEC Fund for International Development
OFIDOther Financial Institutions Department (est. 2001; Central Bank of Nigeria)
OFIDOptical Frequency Interval Divider
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References in periodicals archive ?
Abdulhamid Alkhalifa, the Director-General of the OFID, signed the loan agreement with Dr.
Elected at OFID's June 2018 Ministerial Council meeting, Al-Khalifa replaces Suleiman Al-Herbish, who served three terms as OFID director general between 2003 and 2018.
The meeting also discussed OFID 's new strategy for financial sustainability.
The funding was approved at the 166th session of OFID's Governing Board at the organisation's Vienna headquarters.
OFID's financial assistance will help fund a 250 MW gas-fired combined-cycle cogeneration power plant with annual production of up to 2,000 GW hours and will be Armenia's first greenfield project-financed power plant.
During the meeting in Vienna on Thursday, Qaribabadi maintained that the Islamic Republic of Iran, as one of the key Member States of the OFID, has always supported the organization, its objectives and activities, and is ready to develop cooperation during al-Khalifa's term as the OFID chief.
He said that support to development operations in the energy sector lies at the heart of OFID's strategic plan to 2025, a Wam news agency report said.
HE highlighted OFID's pivotal role in strengthening cooperation between member countries and developing countries, and assisting low-income countries in their quest for economic growth.
Dominguez, in turn, said OFID can help fund projects to help rebuild the devastated city of Marawi in Mindanao and participate in the development of New Clark City in Pampanga, where an alternative international airport is being built and a new government center will rise.
Under the agreements, he said, the money coming from the OFID will be apportioned into $30 million of loan as additional funding for the construction of Lebukhali Bridge over the Payra River and $30 million to be used to meet an extra cost of SASEC Road Connectivity Project.
The OFID loan will finance a second phase of the Social Development Fund (SFD) lending program.