Vienna: The OPEC Fund for International Development (the OPEC Fund) has announced the approval of more than US$1 billion in new development financing during the 193rd meeting of its Governing Board and throughout the third quarter of 2025. In a significant step to bolster its development mandate, the institution also issued its first-ever Euro-denominated benchmark bond, successfully raising pound 500 million on international capital markets.

According to BERNAMA News Agency, OPEC Fund President Abdulhamid Alkhalifa emphasized that the new approvals, along with the inaugural Euro benchmark bond, clearly demonstrate the OPEC Fund's commitment to delivering more for its partner countries. He noted the organization's focus on deepening support for resilience, inclusive growth, and climate action while setting the stage for long-term opportunities. As the OPEC Fund approaches its 50th anniversary in 2026, these milestones underscore its capacity to innovate, expand, and drive transformational impact for the future.