OPEC Fund for International Development
| Abbreviation | OPEC Fund |
|---|---|
| Formation | 28 January 1976 |
| Founder | Member countries of OPEC |
| Type | Intergovernmental organization |
| Legal status | Permanent observer at the United Nations |
| Headquarters | Parkring 8, Vienna, Austria |
Region served | Worldwide; operations in over 125 developing countries |
| Members | 12 member countries |
Official language | English |
President and Chief Executive Officer | Abdulhamid Alkhalifa (  Saudi Arabia; since 2018) |
Main organ | Ministerial Council Governing Board |
| Affiliations | Arab Coordination Group |
| Website | opecfund |
Formerly called | OPEC Special Fund (1976–1980) |
membership. Replace with num_members.purpose. It should be removed.The OPEC Fund for International Development (OPEC Fund) is an intergovernmental development finance institution established in 1976 by the member states of the 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 poverty. OPEC Fund's headquarters are located in Vienna, Austria. The current president and chief executive officer is Dr. Abdulhamid Alkhalifa of Saudi Arabia, who assumed office on November 1, 2018.