News

The Electrification Financing Initiative, ElectriFI opens its doors on 15 April and interested parties can submit their project proposals through www.electrifi.org until 6 May. ElectriFI is an innovative mechanism to unlock, accelerate and leverage investments providing access to affordable, reliable, sustainable and modern energy.

OUR COMMITMENT TO PROMOTE GENDER PARITY FOR ENERGY ACCESS

The energy sector contributes significantly to the key pillars of sustainable development – social, economic and environmental. And as a sector still on the way to achieving its goals, the challenges and issues faced by the sector has had negative consequences on women’s lives and livelihoods.  We do know for a fact that, at a gender-disaggregated level, the effects of the region’s energy challenges are borne more by women.

Vienna, Austria, February 22, 2016. The OPEC Fund for International Development (OFID) has signed new public sector loan and grant agreements totaling over US$60m to help boost socio-economic development in nine partner countries. The agreements were signed by OFID Director-General Suleiman J Al-Herbish and high-ranking officials of the beneficiary countries, including HE Amara M. Konneh, Minister, Ministry of Finance and Development Planning of Liberia, HE Mubin Mirzaev, Deputy Minister of Finance of Uzbekistan and Mr.