Established in 1976 by the member-states of the Organization of the Petroleum Exporting Countries (OPEC), the OPEC Fund for International Development (OPEC Fund) is a development funding agency prioritizing support to projects in the following countries: Armenia, Azerbaijan, Bangladesh, Bhutan, Cambodia, India, Kazakhstan, the Kyrgyz Republic, the Lao People’s Democratic Republic, Maldives, Mongolia, Nepal, Papua New Guinea, the Philippines, Samoa, Solomon Islands, Sri Lanka, Tajikistan, Tonga, Turkmenistan, and Uzbekistan. The priority of OPEC Fund’s Corporate Plan 2016–2025 is the energy–water–food nexus, underpinned by transportation as the enabling sector. It also prioritizes projects advancing agriculture, education, health, and water supply and sanitation.
In 2022, OPEC Fund and ADB established the Project Preparation and Implementation Support Trust Fund (PPISTF), administered by ADB. The PPISTF supports project preparation, including improved design and procurement readiness, in eligible countries. It provides technical assistance grants for project preparation to both nonsovereign and sovereign operations. OPEC Fund committed $3 million in initial financing for the PPISTF.
Active Trust Funds
Trust funds with ongoing projects or no active projects but with remaining funds are considered active
News
The OPEC Fund–ADB Project Preparation and Implementation Support Trust Fund, a single-donor trust fund managed by ADB to support improved project preparation, design, and procurement readiness in its developing member countries, was launched today in Vienna, Austria.
ADB and the Government of Papua New Guinea (PNG) signed a $325 million loan to help fund tranche 2 of the Sustainable Highlands Highway Investment Program, a key transport development connecting some of PNG’s most remote rural communities and farmers to services and market opportunities.
Stories
Through the partnership of ADB, the OPEC Fund for International Development, the Government of Australia, and the Nordic Development Fund, Cambodia was able to pursue integrated water resources management.
Trade and tourism are booming in western Tajikistan after the rehabilitation of a road that leads to the border with Uzbekistan. A collaboration between ADB and the OPEC Fund for International Development, the new road links to a cross-country highway that serves as conduit for trade goods.
- The ADB-OPEC Fund Partnership
- ADB Helps Bangladesh on Road to Recovery from COVID-19
- Lao PDR: Setting Vientiane on the Road to Sustainable Transport
- Farmers in Nepal Reap the Benefits of Rehabilitated Farmers-Managed Irrigation Systems
- Tajikistan: Rebuilding the Road to the Border
- Community Collaboration for Upgrading Irrigation
- Emergency Rehabilitation after Floods and Cyclone
- Nourishing the Fields of Nepal
- Clean Water Brings Hygiene and Happiness in Nepal's Small Towns
- Results Reality Virtual Exhibit Trailer
Project Map
