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OPEC Fund for International Development (OFID)

  • ​​​ OFID is an international development finance institution established by the member states of OPEC in 1976 as an international bank account. In 1980, Member States decided to turn the temporary fund into a permanent legal entity.
  • The UAE became a member of the fund by virtue of Federal Decree No. 56 of 1976.
  • The fund is based in Vienna, Austria.