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OPEC Fund For International Development
The OPEC Fund for International Development (OPEC Fund) is the intergovernmental development finance institution established in 1976 by the Member States of the OPEC, Organization of the Petroleum Exporting Countries (OPEC). The OPEC Fund was conceived at the Conference of the Sovereigns and Heads of State of OPEC Member Countries, which was held in Algiers, Algeria, in March 1975. A Solemn Declaration of the Conference "reaffirmed the natural solidarity which unites OPEC countries with other developing countries in their struggle to overcome underdevelopment", and called for measures to strengthen cooperation between these countries. The OPEC Fund's objective is to reinforce financial cooperation between OPEC Member Countries and other developing countries, by providing financial support to the latter for their socioeconomic development. The institution's central mission is to foster South-South Partnership with fellow developing countries worldwide with the aim of eradicating pov ...
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OPEC
The Organization of the Petroleum Exporting Countries (OPEC, ) is an intergovernmental organization An intergovernmental organization (IGO) or international organization is an organization composed primarily of sovereign states (referred to as ''member states''), or of other intergovernmental organizations. IGOs are established by a treaty that ... of countries. Founded on 14 September 1960 in Baghdad Baghdad (; ar, بَغْدَاد ) is the capital of Iraq Iraq ( ar, ٱلْعِرَاق, '; ku, عێراق '), officially the Republic of Iraq ( ar, جُمْهُورِيَّة ٱلْعِرَاق '; ku, کۆماری عێراق '), is a ... by the first five members (Iran Iran ( fa, ایران ), also called Persia and officially the Islamic Republic of Iran ( fa, جمهوری اسلامی ایران ), is a country in Western Asia. It is bordered to the northwest by Armenia and Azerbaijan, to the north ..., Iraq Iraq ( ar, ٱلْعِرَاق, ...
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Indonesia
Indonesia ( ), officially the Republic of Indonesia ( id, Republik Indonesia, links=yes ), is a country in Southeast Asia and Oceania between the Indian Ocean, Indian and Pacific Ocean, Pacific oceans. It consists of more than List of islands of Indonesia, seventeen thousand islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Guinea. Indonesia is the world's largest island country and the List of countries and dependencies by area, 14th-largest country by land area, at . With more than 270 million people, Indonesia is the world's List of countries and dependencies by population, fourth-most populous country and the most populous Islam by country, Muslim-majority country. Java, the world's List of islands by population, most populous island, is home to more than half of the country's population. The sovereign state is a President of Indonesia, presidential, Republic, constitutional republic with an elected People's Consultative Assembly, legislature. It has ...
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