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nnualReport

2009

The OPEC Fund for International Development(OFID) is the intergovernmental development

finance institution established in 1976 by the MemberStates of the Organization of the Petroleum Export-ing Countries. OFID was conceived at the Conferenceof the Sovereigns and Heads of State of OPEC MemberCountries, which was held in Algiers,Algeria, in March1975. A Solemn Declaration of the Conference “reaf-firmed the natural solidarity which unites OPECcountries with other developing countries in theirstruggle to overcome underdevelopment,” and calledfor measures to strengthen cooperation betweenthese countries.

The aims● To promote cooperation between OPEC MemberCountries and other developing countries as anexpression of South-South solidarity● To help particularly the poorer, low-income coun-tries in pursuit of their social and economic advance-ment

The means● By extending concessionary financial assistance inthe form of loans for development projects and pro-grams and for balance of payments support, as well astrade financing● By participating in the financing of private sectoractivities located in developing countries● By providing grants in support of technical assis-tance, food aid, research and similar activities, andhumanitarian emergency relief

● By contributing to the resources of other develop-ment institutions whose work benefits developingcountries● By serving OPEC Member Countries as an agent inthe international financial arena whenever collectiveaction is deemed appropriate

OFID resourcesOFID’s resources consist of voluntary contributionsmade by OPEC Member Countries and the accumu-lated reserves derived from its various operations. Atthe close of the year 2009, contributions pledged byOPEC Member Countries totalled $3,435 million, outof which $2,463 million was direct contributions toOFID. The Reserve Account stood at $3,149 million.

The beneficiariesAll developing countries, with the exception of OPECMember Countries, are in principle eligible for OFIDassistance. The least developed countries, however,are accorded higher priority and have consequentlyattracted the greater share of OFID’s resources. Sofar, 122 countries in Africa, Asia, Latin America, theCaribbean, the Middle East and Europe have benefitedfrom OFID’s financial assistance. OFID has also coop-erated, over the years, with hundreds of multilateral,bilateral, national, non-governmental and other organi-zations worldwide, joining resources and efforts toassist developing countries. ●

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OFID commitments as of December 31, 2009 (in millions of dollars)

724.2 BOP support* (185 loans)

333.4 Program financing* (44 loans)

269.8 HIPC Initiative* (37 loans)

482.8 Trade finance facility(40 operations)

1,155.8 Private sector financing(142 operations)

475.8 Grant operations(1,159 operations)

861.1 IFAD

110.7 IMF Trust Fund

50.0 PRGF Trust

7,218.0 Project financing* (989 loans)

* Public sector operations

THE OPEC FUND FOR INTERNATIONAL

DEVELOPMENT

Annual Report 2009

3

Letter of Transmittalto the Ministerial Council

March 16, 2010

Dear Mr. Chairman:

I have the honor to present to the Ministerial Council (the Council), OFID’s Annual Reportfor the year ending December 31, 2009. The Report is being submitted to the Council forits consideration pursuant to paragraph (iv) of Section 5.02 of Article 5 of the Articles ofAgreement Establishing the OPEC Fund for International Development (OFID).

The Report contains a general appraisal of OFID’s activities, an analysis of its operations in2009 and a description of its loans and grants during the year. A separate section outlinesthe various features of the Private Sector Facility and describes progress to date. Anexplanation is also given of the Trade Finance Facility. Statistical tables and appendicesgive a detailed breakdown of cumulative lending for project and program financing and bal-ance of payments support, as well as debt relief extended within the framework of theHeavily Indebted Poor Countries Initiative. Furthermore, the grants provided by OFIDsince inception are listed, covering the areas of technical assistance, research and similaractivities, and humanitarian emergency relief, as well as those extended as donations to theresources of other development institutions. In conclusion, the Report includes statisticalinformation on the HIV/AIDS Special Account, the Special Grant Account for Palestineand the Food Aid Special Grant Account. Also included is a statement on contributionsto OFID by Member States until the end of 2009.

Yours sincerely

Jamal Nasser LootahChairman of the Governing Board

Chairman of the Ministerial CouncilThe OPEC Fund for International Development

4

Algeria HE Mr. Karim Djoudi

Gabon HE Mr. Paul Toungui

Indonesia HE Dr. Sri Mulyani Indrawati (Mrs)

Iran, IR of HE Dr. Seyed Shamseddin Hosseini1 (Chairman)

Iraq HE Mr. Baqir Jabor Al-Zubaidy

Kuwait HE Mr. Mustafa Al-Shimali

GSP Libyan AJ HE Dr.Abd-al-Hafid Mohmud Al-Zulaytini2

Nigeria HE Dr. Mansur Muhtar3

Qatar HE Mr.Yousef Hussain Kamal

Saudi Arabia HE Dr. Ibrahim Al-Assaf

United Arab Emirates HE Mr. Obaid H.Al-Tayer

Venezuela, BR of HE Dr. Jorge Giordani4

* As of December 31, 2009

1 Succeeded HE Dr. Manouchehr Mottaki 2 Succeeded HE Mr. Mohammed Ali Elhuwej3 Succeeded HE Dr. Shamsuddeen Usman4 Succeeded HE Mr. Haiman El Troudi Douwara

At the 30th Session of the Ministerial Council (from left to right): HE Mr.Abdallah Salem El-Badri, OPEC Secretary-General;HE Mr. Jamal Nasser Lootah, Governing Board Chairman; HE Dr. Seyed Shamseddin Hosseini; Ministerial Council Chairman;Mr. Suleiman J. Al-Herbish, Director-General; and HE Dr. Kanayo F. Nwanze, President of IFAD. Photo: OFID/Rana Wintersteiner

Ministerial Council*

5

* As of December 31, 2009

1 Succeeded HE Mr. Mohammad Khazaee2 Succeeded HE Mr. Stephen O. Oronsaye, and Mr. Muniru Abiodun Alao3 Succeeded Dr. Behrouz Alishiri4 Succeeded Mr. Mohammed Baker Al-Harery5 Succeeded Mr. Nasser K.Al Suwaidi

The 126th session of the Governing Board was held at OFID’s Headquarters on March 11, 2009.Photo: OFID/Rana Wintersteiner

Governing Board*

Representatives Alternates

Algeria Mr. Mohamed Benmeradi Mr.Abdelmalek Zoubeidi

Gabon – HE Mr. Gustave Bongo

Indonesia Dr.Anny Ratnawati (Mrs) Mr. Mudjo Suwarno

Iran, IR of Dr. Behrouz Alishiri1 Mr. Saman Ghasemi3

Iraq Mr.Azez J. Hassan Mr. Dhiyaa Hassan Jameel4

Kuwait Mr.Abdul Wahab Ahmed Al-Bader Mr. Fawzi Yousef Al-Hunaif

GSP Libyan AJ Mr. Elboueshi M. Ellafi Mr. Mustafa Keshada

Nigeria HE Dr. Ochi Chinoyerem Achinivu2 Mr. Muniru Abiodun Alao

Qatar – Mr. Ismail Omar Al-Daffa

Saudi Arabia HE Dr. Hamad S.Al-Bazai HE Mr.Ahmed M.Al-Ghannam

United Arab Emirates HE Mr. Jamal Nasser Lootah (Chairman) Mr. Mohamed Abdulbaki Mohamed5

Venezuela, BR of HE Mr.Ali Rodríguez Araque Mr.Alejandro Andrade Cedeño

6

Contents

Letter of transmittal. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Ministerial Council . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Governing Board . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreword . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . The world economy in 2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Summary of cumulative operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Part One – OFID in 20091. Year in brief . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. Public Sector Lending . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. Private Sector Operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. Trade Finance Facility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. Grant Operations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. Heavily Indebted Poor Countries Initiative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. Cooperation with other organizations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Part Two – Public Sector Lending Operations in 20091. Africa. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. Asia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. Latin America and the Caribbean . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. Europe. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Part Three – Private Sector Operations in 20091. Africa. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. Asia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. Latin America and the Caribbean . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Part Four – Grant Operations in 20091. Technical Assistance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. Research and Similar Activities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. Emergency Assistance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. HIV/AIDS Special Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. Special Grant Account for Palestine . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. Projects financed under the Second Account of the CFC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Text Boxes1. Nigeria’s First Lady visits Austria and OFID . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. Boosting healthcare in Kenya – OFID co-finances expansion of Kenyatta National Hospital . . . . . . . . . . . . . . . 3. An end to isolation for Bolivia’s indigenous poor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. Venezuela hosts South-South Summit between Latin America and Africa . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. To walk and work again – OFID grant supports rehabilitation center in Vietnam . . . . . . . . . . . . . . . . . . . . . . . .

Figures1. World output 2001–2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. Total world oil demand/OPEC yearly average basket price 2001–2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. Price index for non-fuel primary commodities – annual average 2001–2009 . . . . . . . . . . . . . . . . . . . . . . . .

3458

1019

2223242730333839

4041546265

68697173

74758186889092

1850606678

101316

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Charts1. Sectoral distribution of Public Sector project loans as of December 31, 2009. . . . . . . . . . . . . . . . . . . . . . . 2. Sectoral distribution of Public Sector project loans in 2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. Distribution of Private Sector financing approved in 2009. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. Sectoral distribution of Grants in 2009. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Tables1. Total commitments and disbursements as of December 31, 2009. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. Commitments and disbursements in 2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. Public Sector project loans approved in 2009. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. Private Sector financing approved in 2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. Trade financing approved in 2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. Grants approved in 2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. Public Sector projects co-financed with other external donors in 2009. . . . . . . . . . . . . . . . . . . . . . . . . . . .

AppendicesI. Public Sector project lending – cumulative approvals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . II. BOP support loans – cumulative approvals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . III. Program loans – cumulative approvals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . IV. HIPC Initiative debt relief operations – cumulative approvals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . V. Public Sector Lending to the Least Developed Countries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . VI. Technical Assistance Grants – cumulative approvals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . VII. Grants for Research and Similar Activities – cumulative approvals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . VIII. Emergency Assistance Grants – cumulative approvals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . IX. Special grant accounts – cumulative approvals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X. Grants for subscriptions to the Common Fund for Commodities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . XI. Grants drawn from the Second Account of the Common Fund for Commodities . . . . . . . . . . . . . . . . . . . XII. Statement of contributions to OFID by OPEC Member Countries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . XIII. Publications issued by OFID . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . XIV. Missions, meetings and conferences attended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Abbreviations and Acronyms . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

● Unless otherwise stated “dollars” ($) refers to United States dollars.● “Billion” means a thousand million.● Minor discrepancies between constituent figures and totals are due to rounding.● Maps are for illustration purposes only and are not to be taken as accurate representations of borders.

This publication is also available in Arabic, French and Spanish and as a CD-ROM in all four languages,as well as in PDF format on the OFID website at www.ofid.org.

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8

One year after the onset of the financial crisis,2009 saw the world economy experience its

deepest downturn in the post-World War II era.OFID Member Countries and Partner Countries alikewere hit hard by the recession, which has had pro-found social implications, including a reversal of thehard-won gains towards achievement of the UnitedNations Millennium Development Goals. Risingunemployment, combined with continuing high foodprices in many countries, pushed tens of millions intopoverty and hunger, raising the number of chronicallyundernourished people above the one billion markfor the first time.

The immediate task of OFID has been to help miti-gate the impact of the crisis, especially on the LowIncome Countries (LICs), most of which are in Africa.Despite weaker financial linkages with the rest of theworld, the Africa region was badly affected by theinternational economic downturn, which sharplyreduced global export demand, commodity prices andgovernment revenues, as well as private capitalinflows, workers’ remittances and aid flows. The

global credit crunch and dramatic pullback of privatecapital to the South created an extraordinarily largeand acute demand for external financing for develop-ment, particularly on concessional terms.

This Annual Report summarizes OFID’s continuedefforts during the year 2009 to help the world’s poor-est countries and their peoples weather the eco-nomic, financial and food crises. One of OFID’s firstresponses was to ensure that the LICs had rapidaccess to adequate financing for development. As amatter of principle, OFID’s assistance is untied andalso unrelated to the economic performance of itsMember Countries. It is thus not influenced by theaverage spot price of the OPEC reference basket orby the value of Member Country petroleum exports.This modus operandi means that OFID can provide apredictable flow of aid and disburse low-cost fundsquickly and effectively – 2009 was no exception tothis rule.

Time was of the essence in cushioning the impact ofthe emergency on poor households and people. Inresponse to the acute shortages in financing fordevelopment, OFID posted a record level of commit-ments and disbursements in 2009, pushing cumulativecommitments and disbursements to $11.7 billion and$7 billion, respectively, as of December 31, 2009. Thisdevelopment assistance was delivered through publicand private sector loans and grants in a wide range ofsectors, seeking coverage of social safety nets andpromoting export expansion and long-term foodsecurity through food aid and agricultural and ruraldevelopment.

Operations included support for essential energyinfrastructure projects, which would otherwise havebeen delayed due to a lack of funding. Alleviatingenergy poverty is a priority for OFID, which has ded-icated almost one-fifth of its cumulative public sectorlending to enhancing access to clean and affordableenergy for millions of energy poor. Over the last twoyears, in response to pledges made by Member Coun-tries in the Riyadh Declaration of the Third OPECSummit, OFID has stepped up its efforts in the energysector. The institution has consequently assumed acatalytic role in the global Energy for the Poor Initiative,which was kept at the fore during 2009. In Rome,Italy, May 2009, the Initiative received the endorse-ment of the Group of Eight (G-8) Energy Ministersand several other countries, including the European

Foreword of the Director-General

Out of the crisis: OFID’s bold development emergency response

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Union Commissioner and OFID Member States,Alge-ria, Indonesia, Libya, Nigeria and Saudi Arabia. Simi-larly, leaders of the Group of Twenty (G-20), gatheringfor their Summit in Pittsburgh, USA, September 2009,also pledged to increase and more closely harmonizefinancial support for the Energy for the Poor Initiativeon a voluntary basis.

In order to avoid dramatic declines in economic activ-ity among vulnerable groups in the South in 2009,OFID redoubled its efforts to encourage growth andemployment creation in the private sector under itsdedicated Private Sector Facility. Operations includedactive participation in the Microfinance EnhancementFacility, and the Africa sub-fund of the Bank Capitaliza-tion Fund, a global private-equity fund which aims atinvesting in viable commercial banks.

To help address the acute shortage and high price offunds for trade finance in the South, OFID took partin many trade finance syndicates in 2009, substantiallyincreasing commitments under the institution’s TradeFinance Facility (TFF), with particular emphasis onAfrica. Approvals for directly-funded operationstotalled $359 million, compared to $44.5 million in2008, while guarantees were issued for a maximumrevolving amount of $480 million, a four-fold increaseover the previous year. Among TFF activities was sup-port to the Global Trade Liquidity Program, an initiativeaimed at extending trade finance to both importersand exporters in developing countries through globaland regional banks.

Other important activities included the provision ofgrants for research, technical assistance and emer-gency humanitarian aid. On October 16,World FoodDay, OFID pledged $500,000 to the World Food Pro-gram (WFP) in support of the agency’s emergencyfood assistance program in LICs. The grant was sup-plementary to the $1.5 million OFID had donated toWFP in 2008 to help address that year’s food crisis,and complementary to OFID’s broader efforts toenhance agricultural production and food security inthe South through support to agriculture and agro-industry.

OFID would not have been able to carry out thesedaunting and multiple tasks during the year withoutthe staunch backing of its Member Countries.Despite the – in some cases severe – adverse effectsof the global downturn on their economies, these

countries continued to reinforce financial coopera-tion between themselves and other developing coun-tries through OFID, driven by a shared sense ofSouth-South solidarity.

As we enter 2010, there are signs that the globaleconomy is stabilizing, led by the Asian economies.Nonetheless, the recovery remains tentative anduneven, and the upturn is vulnerable to new shocks.The global economic and financial crisis is likely tohave far-reaching repercussions for developing coun-tries. In addition, therefore, to the short- andmedium-term measures alluded to above, OFID willcontinue to collaborate with all relevant partners indevelopment on strategic interventions that couldhelp address the long-term implications of the devel-opment emergency and assist client countries inmeeting their changing financing needs and prioritiesthrough front-loading, flexible and fast-disbursinginstruments.

Suleiman J.Al-HerbishDirector-General

Vienna,Austria, December 31, 2009

World economic activity contracted to –0.8% in2009, compared with a positive growth of 3%

in 2008 – its deepest downturn in the post-WorldWar II era. Output shrank to –3.2% in the advancedeconomies, and slowed markedly to 2% in emergingand developing economies. The volume of world tradecontracted sharply by 12.3%, in tandem with the col-lapse in global demand in the first half of 2009.Whereas there are signs of a tentative recovery led bythe advanced Asian economies, its strength and paceremain highly uncertain.

Advanced EconomiesActivity in the advanced economies contracted to–3.2%, as financial firms came under severe stress,credit dried up, household wealth shrank and globaldemand dropped sharply. Inflation eased to 0.1%,

reflecting developments in commodity prices andweak demand. Unemployment rose to 8.2%.

Among the major industrial countries, the UnitedStates (US) economy contracted to –2.5% in 2009,reflecting the impact of the financial crisis on financialinstitutions, households and consumption. The reces-sion in Japan deepened, with output contracting fur-ther, to –5.3%, an outcome mainly of a collapse inexports and business investment, together with risingunemployment and falling wages. Shrinking household

income and private domestic demand also con-tributed.

Similarly, average growth in the European Union (EU)1

contracted to –4%, with output in the 13 membercountries of the Euro Zone2 shrinking to –3.9%. Out-side the Euro Zone, growth in the United Kingdom con-tracted to –4.8%, as the end of the boom in real estateand financial activity resulted in steep falls in equityand housing prices, as well as the disappearance ofexaggerated profits in the financial sector.

The recession in the three Baltic States3 deepened.Aggregate growth contracted sharply to –17.4%,

10

The world economy in 2009

World output 2001–2009

Emerging & developingeconomies

World

Advanced economies

2001 2002 2003 2004 2005 2006 2007 2008 2009

8

6

4

2

0

-2

-4

Annual percentage

change

Source: IMF,World Economic Outlook Update, January 2010

Figure 1

1 The 27 EU member countries are:Austria, Belgium, Bulgaria, Cyprus,Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hun-gary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands,Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the UnitedKingdom.

2 The 13 EU member countries of the Euro-zone are Austria, Belgium, Fin-land, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands,Portugal, Slovenia and Spain.

3 Estonia, Latvia and Lithuania.

11

mainly as a result of the heavy fallout of the globalfinancial crisis on the economic outlook. Output inCentral Europe4 also turned negative, to –0.7%. InSouthern and South Eastern Europe5, growth contractedto –7.5%, as countries were hit hard by the reversal oftrade and capital inflows.

Lower commodity prices, diminished householdwealth and weak export demand in the US and Asiaweighed heavily on activity in Canada, Australia and New Zealand. In the Newly Industrialized AsianEconomies6 output growth contracted by 1.2%, reflect-ing a collapse in high-tech and other manufacturedexports as well as curbs in production and inventories,together with a sharp reversal of private capitalinflows and subdued domestic demand.

Developing and Emerging Market EconomiesGrowth in developing and emerging marketeconomies cooled off drastically to 2.1% in 2009, from6% in the previous year, reflecting the spillovers of theglobal crisis on financing conditions, private capitalflows and global import demand. Aggregate growth inthe Commonwealth of Independent States (CIS) con-tracted to –7.5%, while output in Africa weakened to1.9%. In Developing Asia, activity moderated to 6.5%,and in Latin America and the Caribbean output con-tracted to –2.3%. The pace of growth in the MiddleEast slackened off to 2.2%.

Emerging EuropeAmong the countries in Emerging Europe, theeconomies of the CIS7 experienced a deep recessionin 2009. Economic activity contracted sharply to–7.5%, as economies were hit hard by steep declinesin capital inflows. External demand slumped, as didcommodity prices – notably energy – and there werelarge job losses. The Russian Federation also sufferedfrom the drop in commodity prices, as well as thereversal of private capital inflows and a fall in fixedinvestment, causing economic growth to contractsteeply to –9%. Economies elsewhere in the CIS werehurt equally badly by the drop in capital inflows, com-modity prices, remittances and export expansion. InTurkey, falling domestic demand compounded theeffects of the global downturn. Output growth con-tracted to –6.5%, with inflation easing to 6.2%.

AfricaDespite weaker financial links with the rest of theworld than many other regions, Africa was hit hard by

the global economic downturn. Regional outputdropped to 1.9%, as the impact of a collapse in globaltrade, pressure on capital inflows, weaker commodityprices and curbed workers’ remittances spread toboth commodity and manufacturing exporters. Infla-tion eased to 9%, from 10.3% in the previous year,reflecting the deep downturn in activity and sharpdecline in food and fuel prices.

Average output growth in the Maghreb8 deceleratedto 3.2%, as economies in the sub-region were highlyexposed to the slowdown in the EU – their main part-ner for trade and remittances. Economic output inMorocco slowed to 5%, and growth in Tunisia droppedto 3%, largely reflecting the deteriorating externalenvironment.

Growth in Sub-Saharan Africa decelerated to 1.6%,withinflation easing to 10.5%. This picture, however, masksa diverse performance among countries and sub-regions. Output growth in the Horn of Africa9 slowedto 5.4%. Growth also decelerated in the Great Lakes10,to 4.3%, and in Southern Africa11, to 0%. In West andCentral Africa12, growth contracted to 2.6%, from 5.3%in 2008. In South Africa – the largest economy in thesub-region – capital outflows forced sharp correctionsin asset prices and real activity. Output growth con-tracted to –2.2%, while inflation eased to 7.2%.

Developing AsiaAggregate output growth in Developing Asia13 moder-ated to 6.5%, from 7.9% in the previous year, reflectingthe impact on the region of tighter financing condi-tions, capital outflows and waning export demand.Inflation eased to 3%, from 7.5% in 2008, on the backof flattening commodity prices.

China’s performance remained relatively robust at8.7%. Inflation was subdued, driven mainly by a strong

4 The Czech Republic, Hungary, Poland and the Slovak Republic.5 Bulgaria, Romania and Malta. Also includes EU accession country Croatia.6 Korea,Taiwan, Hong Kong SAR and Singapore.7 The 12 nations of the CIS region include Russia, Ukraine, Kazakhstan,

Belarus,Turkmenistan and the CIS-7 (Armenia,Azerbaijan, Georgia, theKyrgyz Republic, Moldova,Tajikistan and Uzbekistan).

8 Morocco,Tunisia, Mauritania, and OFID Member Countries Algeria and theSP Libyan AJ.

9 Ethiopia and Sudan.10 Congo, DR; Kenya,Tanzania and Uganda.11 Angola and Zimbabwe.12 Ghana, Nigeria and countries of the CFA Franc zone (Benin, Burkina

Faso, Chad, Central African Republic, Cameroon, Congo, Côte d’Ivoire,Equatorial Guinea, Gabon, Guinea Bissau, Mali, Niger, Senegal and Togo).

13 The term “Developing Asia “refers to the economies of China, India, theASEAN-5, and Other Developing Asia, but excludes those of NewlyIndustrialized Asian Economies (NIEs).

12

increase in domestic demand stemming from robustmonetary and fiscal stimuli. In India, output deceler-ated to 5.6%, reflecting the impact of a tightening ofexternal financing on investment, exports and domes-tic demand. The government announced supportivemeasures in response, including funds and guaranteesfor small- and medium-sized enterprise exportfinance.

Performance in the ASEAN-514 economies was mixed.Aggregate output slowed to 1.3%, reflecting the damp-ening effects of weakening global demand, particularlyon exports and workers’ remittances. In Malaysia andThailand, growth contracted to –3.5% and –3%, respec-tively, an outcome largely of their high dependence onadvanced manufacturing exports. In the Philippines,where domestic demand was dampened by decliningremittances, growth dropped to zero. In contrast,growth in Vietnam remained positive at 4.6%, owinglargely to the relatively lower share of advanced man-ufacturing in the economy.

In other developing Asian economies15, GDP growthdecelerated to 3.3%. Despite an overall difficult exter-nal environment, output growth in Pakistan remainedstable at 2%. Similarly, output growth was held at 5.4%in Bangladesh, owing in part to its relatively low expo-sure to trade and capital flows.

The Middle EastAggregate output growth in the Middle East deceler-ated to 2.2%, with inflation easing to 8.3%. Economieswere hit particularly hard by the sharp decline in oilprices and a drying up of workers’ remittances andprivate capital inflows. Governments in the regionresponded with a range of fiscal and monetary mea-sures, including a boost to public investments andreductions in policy interest rates, together with taxcuts. Unemployment continued to be a major con-cern, especially among the youth, with rates remaininghigh in many countries on the back of a rapidly grow-ing labor force.

Average growth in the Mashreq16 slowed to 4.5%.Output growth in Egypt decelerated to 4.7%, due inpart to a reversal of capital inflows, as well as a con-traction of tourism receipts and workers’ remit-tances. Growth in the Syrian Arab Republic and Jordanalso declined, to 3%. In contrast, output in Lebanonwas sustained at 7%, assisted by strong activity,notably in tourism and financial services, after secu-rity conditions improved following the end of the mil-itary conflict.

Latin AmericaAggregate output growth in Latin America and theCaribbean (LAC) shrank to –2.3% in 2009, down fromthe 4.2% growth rate posted in 2008. The contractionwas due to tighter external financing conditions, lowerworkers’ remittances and tourism earnings, togetherwith weakening import demand and commodityprices, and their combined impact on regional invest-ment, export revenues and consumption. Inflationarypressures eased to 6.1%, from 7.9% in the previousyear, due mainly to continued weakness in economicactivity and large output gaps.

Growth in South America, encompassing members ofMercosur17 the Andean region18, and Mexico contractedto –2.7%, compared to a 4.2% growth rate in 2008,while inflation eased to 6.3%. Net-commodityexporters witnessed terms-of-trade losses, withenergy-intensive economies suffering noticeabledrops in export revenues. In Brazil, output shrank to–0.4%, compared to a 5.1% growth rate in 2008.Growth in Argentina, Chile and Colombia also con-tracted, to –2.5%, –1.7% and –0.7%, respectively, whileoutput in Uruguay decelerated to 0.6%. Likewise,growth in Mexico contracted sharply to –6.8%, an out-come mainly of a steep drop in trade flows, due inpart to the country’s high degree of trade integration,along with its reliance on manufactured exports anddependence on the US economy.

Economic performance in Central America19 and theCaribbean20 was also severely affected by spilloversfrom the downturn, especially the decline in workersremittances, tourism earnings, external demand andcommodity prices. Growth in Central America andthe Caribbean contracted to –0.7%, and –0.5%,respectively.

OFID Member StatesThe global financial crisis and subsequent sharpdecline in world oil demand and prices combined totake a toll on the overall performance of OFID Mem-ber Countries in 2009. Many governments responded

14 The ASEAN-5 comprises Indonesia,Thailand, the Philippines, Malaysia andVietnam.

15 Other developing Asia comprises Afghanistan, Bhutan, Brunei Darussalam,Cambodia, Fiji, Kiribati, Lao PDR, Maldives, Myanmar, Nepal, Papua NewGuinea, Samoa, Solomon Islands, Sri Lanka,Timor-Leste,Tonga and Vanu-atu.

16 Egypt, Syrian Arab Republic, Jordan and Lebanon.17 Argentina, Brazil, Paraguay and Uruguay, as well as Bolivia and Chile (asso-

ciate members).18 Colombia, Ecuador, Peru and Venezuela.19 Costa Rica, El-Salvador, Guatemala, Honduras, Nicaragua and Panama.20 Antigua and Barbuda, the Bahamas, Barbados, Belize, Dominica, Dominican

Republic, Grenada, Guyana, Haiti, Jamaica, Netherlands Antilles, St. Kittsand Nevis, St. Lucia, St.Vincent and the Grenadines, Suriname, and Trinidadand Tobago.

by adopting strong counter-cyclical spending to helpthe banking system and non-oil GDP. The latter con-tinued to grow as a result of long-standing efforts tocreate a conducive environment for private-sectorgrowth and investment, while diversifying the econ-omy away from hydrocarbons through macro-eco-nomic and structural reform and strengthening of thelegal, judiciary and regulatory frameworks. Part of thisspending has spilled over to the non-oil producingnon-OFID countries, providing important support tothese economies.

OPEC21 crude oil production was brought back to28.724 million barrels per day (mb/d) in 2009, from31.206 mb/d in 2008, following a series of productioncuts to stabilize oil prices in tandem with dampeningworld oil demand, which dropped to 84.33 mb/d, from85.71 mb/d in the previous year.

Oil prices started to decline from the second half of2008 and into 2009, stabilizing in the range of $70–80per barrel in the latter part of that year. The dropreflected the dramatic fall in world demand of twomillion barrels per day. It is the first time since the

early 1980s that oil demand has declined in two suc-cessive years (Source: OPEC Secretariat).

The value of OPEC Member Countries petroleumexports dropped to $588,033 billion in 2009, from$986,751 billion in 2008, in line with the decline in theaverage spot price of the OPEC reference basket ofselected crudes. This fell in 2009 to $61.06 per barrel,from $94.65 per barrel in the previous year. Afterreaching a low of $41.41 per barrel in February 2009,the average spot price of the OPEC reference basketstarted to rebound in March 2009 on expectations ofa global recovery, to reach $74.01 by December 2009– within the target range of $70–80 a barrel.

Growth in Algeria was sustained at 2.4%, down slightlyfrom the 3% posted in 2008, as the decline in oilexport revenues was offset by strong agricultural pro-duction. Inflation edged up slightly to 5.7%, from 4.4%in 2008, mainly as a result of an increase in food prices,while the unemployment rate stood at 10.2% of thelabor force. Although the surplus on the currentaccount narrowed substantially, from an exceptionallevel in the previous year, the foreign exchangereserves reached $147 billion by year-end represent-ing nearly three years of imports. Despite the deteri-orating conditions in the oil market, the financial posi-tion and public spending remained strong, allowing forfurther headway towards economic reforms aimed at

13

21 OPEC’s 13 Member Countries are Algeria,Angola, Ecuador, Indonesia, IranIR, Iraq, Kuwait, GSP Libyan AJ, Nigeria, Qatar, Saudi Arabia, the UnitedArab Emirates and Venezuela.

Total world oil demand (mb/d)OPEC yearly average basket price (in dollars per barrel)

2001 2002 2003 2004 2005 2006 2007 2008 2009*

100

80

60

40

20

Source: OPEC Secretariat, Data Services Department * 4Q09 Estimated

Figure 2

14

improving the business environment through infra-structure development, the strengthening of bankcapital and the setting up of a national investment fundand 48 fully capitalized local investment funds.

Economic output in Gabon dropped to 3.5% in 2009,from 4.2% in 2008, reflecting the impact of the globaleconomic downturn on the country’s three mainindustries – oil, timber and manganese. Inflationedged up to 3.5%, from 3% in the previous year, andthe current account surplus narrowed noticeably to1.3% of GDP, from 16.1% in 2008. Continued head-way was made during the year towards improving thebusiness climate for non-hydrocarbon private sectorgrowth and employment creation. Activities includedestablishment of a National Diversification Commission,accelerated spending on infrastructure, and measuresto deepen financial intermediation and bring externaldebt to sustainable levels.

Growth in Indonesia decelerated but was sustained at4.5%, compared with 6.1% in the previous year, as theimpact of weak external conditions and the ensuingsharp decline in investments and exports was offset bysteady domestic consumption and the relatively lowshare of advanced manufacturing in the economy.Inflation eased to 2.8%, from 11.0% in 2008, in linewith falling commodity prices. The banking sectorrecovered, aided by strong capital positions and sup-portive policy measures, and the Jakarta CompositeIndex had gained 90.2% as of December 31, 2009. Thecurrent account continued to show a slight surplusequivalent to 1.9% of GDP.

The pace of growth in the Islamic Republic of Iranslackened off to 2%, from 2.5% in 2008, reflecting thefall-off in the hydrocarbon sector. Inflation eased to15.8%, from 25.6% in 2008, and the current accountsurplus narrowed to 3% of GDP, from 6.7% in the pre-vious year, in tandem with the drop in commodityprices and revenues. The decline in oil revenuesunderscored the continued need for further progresstowards the economic reforms envisaged in thefourth Five-Year Development Plan (2005/06–2009/10)and the Twenty Year Vision, including privatization, tradeand financial reform, and a reduction in regional dis-parities.

Output growth in Iraq fell to 4.8%, from 9.5% in 2008,largely reflecting the drop in oil production and rev-enues. Inflation eased to –2.3%, from 2.7% in the pre-vious year, in line with the decline in internationalcommodity prices. The balance on the currentaccount shifted into a deficit equivalent to 26.4% of

GDP, from a surplus of 13.3% of GDP in 2008. Mean-while, efforts continued towards national reconstruc-tion and the implementation of key macro-economicand structural reforms, including the adoption of anaction plan to modernize public financial manage-ment, together with further strengthening of thebanking system.

Growth in Kuwait contracted to –1.2%, from 6.4% in2008, reflecting both the reduction in oil output andweaker activity in the non-oil sector, particularlyfinance and construction. Lower domestic demand,import prices, and rents helped reduce inflation to6%, from 10.5% in the previous year, while the currentaccount surplus narrowed to 19.2% of GDP, from44.7% in 2008, primarily due to lower oil export rev-enues. Continued progress was made towards eco-nomic diversification away from oil – in part throughincreased privatization and financial sector liberaliza-tion – in line with the objectives of the 2009–2014Strategic Plan. Further headway was also madetowards monetary and fiscal reform with the intro-duction of a draft monetary council and value addedtax within the framework of the Gulf CooperationCouncil.

Activity in the Great Socialist People’s Libyan ArabJamahiriya slackened off slightly to 3%, from 3.4% in2008, reflecting mainly the reduction in oil output.Inflation eased to 2% from 10.4% in the previous year,while the surplus on the current account narrowedto 10%, from 36.6% in 2008, primarily as a result oflower commodity prices and oil export revenues.Continued progress was made to encourage privatesector growth and create viable employment oppor-tunities through economic liberalization and otherstructural reforms, including bank privatization,improvement of the regulatory framework, andregional integration within the context of the ArabMaghreb Union.

Economic output in Nigeria slowed to 3.4%, from 6%in 2008, as declines in both hydro-carbon and non-hydro-carbon production, a drop in external anddomestic financing, and constraints on public spendingweighed heavily on consumption and investment.Inflation edged up slightly to 12.4%, from 11.6% in2008, while the current account surplus narrowed to6.9%, from 20.4% in 2008, owing largely to the loss inoil revenues. In August 2009, as part of the develop-ment of a broader financial stability framework, theCentral Bank intervened to restore liquidity in fivebanks which had come under pressure – largely as aresult of the depreciation of the naira following the

15

decline in oil prices. Progress also continued towardsimplementing broad-based structural reforms aimedat promoting economic growth and diversification, inline with the targets set out in Vision 2020 and theNational Economic Empowerment and DevelopmentStrategy.

The pace of economic growth in Qatar slowed fromthe 16.4% recorded in 2008 but remained brisk at 9%– among the highest in the world – driven both by arapid expansion of Liquefied Natural Gas (LNG) andrelated industries, and investments aimed at economicdiversification. Inflation dropped to –4.3%, from 15%in the previous year, reflecting a weakening of interna-tional commodity prices and the completion of newproperty projects. The current account continued toshow a healthy surplus of 10.8% of GDP, assisted byLNG export revenue growth. Further headway wasmade towards improving the business environmentwith the implementation of a series of structuralreforms aimed at economic diversification, liberaliza-tion, privatization and regional integration.

Output in the Kingdom of Saudi Arabia is estimated at0.15% in 2009, compared to a 4.4% growth rate in2008, as continuously robust non-oil GDP growth,supported by an expansionary fiscal stance, was off-set by a marked decline in oil production. Inflationeased to 4.4%, from 9.9% in 2008, and the currentaccount surplus narrowed to 5.5% of GDP. Thebanking system remained well-capitalized, under-pinned by prudent macro-economic policies andstructural reforms aimed at strengthening the finan-cial regulatory and supervisory frameworks. Effortsalso continued to enhance the climate for growthand employment creation in the non-oil private sec-tor through judicial reform and liberalization of thetrade regime. Stock markets posted solid returnsduring the year, with the Tadawul All Share Index gain-ing 27.5% through 2009.

Of all OFID Member Countries, the United Arab Emi-rates was most affected by the fallout from the globalcrisis. Output contracted by 0.6%, compared to a7.4% growth rate in 2008, reflecting slower expansionin both the oil and non-oil sectors – especiallytourism and construction – and the correction inasset prices in the wake of the real estate and creditboom, particularly in Dubai. Inflation dropped to 1%,from 11.5% in the previous year, as demand pressureson rents and real estate prices eased following thecompletion of new housing units, and as global com-modity and food prices declined. The current accountposition shifted from a surplus of 8.8% of GDP into a

deficit equivalent to 2.7% of GDP, reflecting primarilythe reduction in oil exports revenues. Further head-way was made towards implementation of structuralreforms aimed at regional integration and economicdiversification as envisaged in the Economic Vision2030, as well as towards financial and fiscal reform,with the strengthening of banking supervision and theestablishment of a Federal Council to Coordinate FiscalPolicy in January 2009. Despite the challenging marketconditions that prevailed throughout the year, theDubai Financial Market (DFM) General Index had gained10.2% as of December 31, 2009, owing largely to itsdiversified investment base.

Output growth in the Bolivarian Republic of Venezuelacontracted to –1.8%, compared to a 4.8% growth ratein the previous year, reflecting the combined impactof reduced oil production, and exports, and a slowdown of activity in the non-oil sector. Inflation easedto 27.4%, from 30.4% in 2008, owing largely to a mod-eration in food prices, while the current account posi-tion continued to register a small surplus equivalentto 1.8% of GDP. In order to safeguard the soundnessof the banking system, the Banco Central de Venezuela-BCV intervened in November to restore liquidity infour private banks which had come under pressure.Equity markets rebounded strongly during the year,with the Venezuela Stock Market Index gaining 57% asof December 31, 2009. Meanwhile, efforts continuedto help reduce poverty in Central America and theCaribbean with the provision of concessional financ-ing in conjunction with a coordinated energy policyunder Venezuela’s Petro-Caribe Initiative.

Financial and Foreign Exchange MarketsUnderpinned by strong policy support, global financialmarket conditions gradually recovered from a highlystressed beginning in 2009, with money and capitalmarkets resuming their normal functions.

Short-term interest rates in both advanced and emergingmarkets remained at an ultra-low level throughout2009, as major central banks adopted an extremelyaccommodative monetary policy stance in anunprecedented and concerted effort to combat theglobal downturn.

Long-term interest rates remained stable across curren-cies but also declined, reflecting changes in investors’perceptions of macro-economic prospects, with fewsigns that the projected sharp increases in fiscaldeficits in a number of countries pushed up the long-term real costs of government borrowing. In emerg-

ing markets, corporate and sovereign deals wereover-subscribed and re-financing risks fell sharplyafter mid-year, although to a lesser extent in emerg-ing Europe and the CIS.

In foreign exchange markets, depreciation of the US dol-lar contributed to the gradual improvement of finan-cial markets conditions in 2009. The euro, pound ster-ling and emerging market currencies appreciated dur-ing the year.

Equity markets rallied in many advanced and emergingmarkets, including the US, the Euro Zone and Japan,posting strong gains as share prices bounced back fromtheir early March lows on expectations of recovery. Asof December 31, 2009, the Dow Jones Industrial Averagehad gained 18.82%, the FTSE (an index of Euro Zoneshare prices) had increased by 22.07%, and Japan’sNikkei had risen by 19.0%. In developing and emergingmarkets stocks also rallied, with the MSCI EmergingMarket Index gaining 74% as of year end, 2009.

International TradeWorld trade in goods and services contracted to aconsiderable –12.3% in 2009, compared to a 2.8%growth rate in 2008. Global industrial output alsoslackened, and in the advanced economies there was anotable contraction in export and import demandgrowth, by 13.6% and 13.7%, respectively. Similarly,

exports and imports in emerging and developingeconomies contracted by 7.2% and 9.5%, respectively.

The price index of non-fuel primary commoditiesdropped by 20.3% in 2009, from 7.5% in 2008, with theprice index of internationally traded food declining14.9%, from 23.4% in the previous year. Prices foragricultural raw materials dropped by 20.7% in 2009,and metal prices fell by 30.5%, in line with weakeningglobal industrial production.

The terms of trade for goods and services worsened to–6.3% in 2009, from 4.1% in 2008 for emerging marketand developing country economies, but improved to2% for the advanced economies, from –1.8% in theprevious year. Differences persisted among countriesand regions, depending on their commodity exports,exchange rates and import dependency.

External Payments and DebtIn tandem with the contraction of world economicgrowth, net private capital inflows to emerging anddeveloping economies dropped sharply, shifting frominflows totalling $129.5 billion in 2008 to outflowstotalling $52.5 billion in 2009. Net private directinvestments to the South shrank to $279 billion, from$425 billion in 2008, and net private portfolio outflowsworsened to $99.8 billion in 2009, from $85.4 billionin the previous year. Similarly, workers’ remittances

16

Price index for non-fuel primary commoditiesAnnual average 2001–2009 (in dollars)

(2005 = 100)

2001 2002 2003 2004 2005 2006 2007 2008 2009

170

150

130

110

90

70

Source: IMF Research Department

Figure 3

17

retreated to $317 billion in 2009, down from $338 bil-lion in 2008, reflecting both the impact of the eco-nomic recession in high-income countries from whichremittances originate and lower growth in emergingand developing recipient countries.

External debt remained a major constraint, especiallyfor low-income and least developed countries in 2009.Taken as a percentage of GDP, the total external debtand debt service payments of the emerging and devel-oping economies rose to 26% and 3.7%, respectively in2009, from 24.2% and 2.9% in 2008.

Global current account imbalances narrowed appre-ciably during the downturn. The current accountdeficit of the advanced economies and countries inCentral and Eastern Europe narrowed to 0.7% and3.1% of GDP, respectively. In developing and emergingmarket economies, current account positions alsodeteriorated markedly.

Global Economic ProspectsGlobal activity is forecast to expand by 3.9% in 2010,led by the advanced Asian economies, with inflationremaining subdued in most economies. However, therecovery remains tentative in many places and isexpected to be sluggish. Stabilization is likely to beuneven, and the upturn is still vulnerable to newshocks. Credit is tight, and private sector spending hasnot fully recovered.

Advanced economies are projected to expand slowlythrough much of 2010, with output growth rising by2.1%, reflecting continued high unemployment ratesand public debt, impaired financial systems and weakhousehold balance sheets. The recovery is being feltfirst by advanced economies in Asia, where output isforecast to expand by 3.6%. In the US, output is fore-cast to expand by 2.7%, as confidence rebounds andconsumption rises on the back of gradually diminish-ing employment losses, as well as firmer asset prices.In Europe, growth is forecast to recover to 1%, drivenby policy support and recovering confidence andtrade, although a prolonged period of significant joblosses is expected to weigh on activity well into 2010.

In emerging and developing economies, economicexpansion is forecast to reach 6% in 2010, led byChina, India and a number of other emerging Asianeconomies. Economies in Africa and the Middle Eastare also expected to post solid growth of 4.3% and4.5%, respectively, assisted by the normalization ofglobal trade and the rebound of commodity prices.Similarly, growth in Latin America is forecast to

bounce back to 3.7%. In Central and Eastern Europeand the CIS, growth is expected to recover to 2% and3.8%, respectively.

The principal downside risk is that the global recoverycould stall if private demand does not pick up andreplace the policy stimulus and inventory re-stockingthat have been the key drivers of growth. In manyeconomies, household consumption continues to belimited by weakened financial systems and housingmarkets, rising unemployment and low-incomegrowth, while continued credit losses could dampenthe pace of recovery in business investment. Withvery low inflation in some countries, a negative shockcould change investor sentiment and push sucheconomies into deflationary territory from which it isdifficult to exit.

18

OFID welcomed in September, Nigeria’s First Lady,HE Hajia Turai Umaru Yar’Adua, wife of Nigerian

President HE Mr. Umaru Musa Yar’Adua. She was pay-ing a courtesy call on the institution to meet withDirector-General Suleiman J.Al-Herbish and represen-tatives of the Nigerian staff at OFID. Madam Turai wasin Austria essentially to represent Nigeria at the 53rdGeneral Conference of the International Atomic EnergyAgency (IAEA). It was her first official visit to Austriawhere she also met with high-level Austrian govern-ment officials and heads of other international institu-tions based in the country.

In talks with Mr. Al-Herbish, HE Hajia Turai explainedher engagement with humanitarian causes, especiallyin the battles against cancer and HIV/AIDS. Mr. Al-Herbish, in turn, informed the First Lady about OFID’scontinuing contributions to the global campaignagainst HIV/AIDS, touching on the institution’s SpecialGrant Account for HIV/AIDS operations. Mr.Al-Herbishtook the opportunity to discuss with the First Ladyand her entourage the aims and record as well as thecontinuing operations of OFID. He mentioned OFIDgrants toward poverty alleviation and to poorer coun-tries that are not OPEC Member States.

Hajia Turai told Mr. Al-Herbish that cancer kills moreNigerians than do HIV/AIDS and malaria. She blamedthe situation on a lack of necessary equipment andfacilities for diagnosis, physiotherapy and palliativetreatment of the disease in Nigeria. She told theDirector-General that, as a result of the growing num-ber of cancer patients in Nigeria and other Africancountries, her non-governmental organization, Womenand Youth Empowerment Foundation (WAYEF), decided to

establish an International CancerCenter in Abuja (ICCA), in collabora-tion with the MD Anderson Can-cer Center of Houston, Texas,USA. Madam Turai disclosed thatthe Abuja center, when fully oper-ational, would provide cancertreatment and services to Nigeriaand 13 other West African coun-tries, before expanding andextending its services to theentire African continent. The cen-

ter would be the first of its kind and, indeed, the bestin West Africa and would serve as the flagship ofhealthcare delivery in Nigeria and other countries.

Hajia Turai is a philanthropist and humanitarian; whichpartly explains her interest in OFID and the work ofOFID to lift peoples out of poverty. The First Lady hasworked tirelessly to be of genuine assistance to peo-ple in great need across Africa and elsewhere, oftendevoting her own personal resources to paying healthand education bills for people in need in the whole ofAfrica. The same applies to the clinical bills of manyunderprivileged patients. She has tried to ease thepain of various children born with some forms ofdeformity. She has given hundreds of tricycles andother working materials to the disabled. And she isequally committed to issues of peace, good gover-nance and exemplary leadership as well as advance-ment in the cause of the less privileged.

In her engagement at the IAEA, Hajia Turai spoke ofNigeria’s ability to deliver electricity to its citizens byexploring the country’s atomic energy potential. Withsenior IAEA staff, she discussed the Agency’s Programof Action against Cancer Therapy (PACT) on behalf ofher Cancer Center in Abuja. Hajia Turai also held pri-vate meetings with the First Ladies of Austria and Slo-vakia to promote mutual relations between Nigeriaand the two countries. ●

Nigeria’s First Lady visitsAustria and OFID

Attends General Conference of IAEA and calls on OFID Director-General

Phot

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FID

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19

As of December 31, 2009, the level of cumulativedevelopment assistance extended by OFID stood

at $11,682 million. This amount was distributedthrough a variety of financing mechanisms:

1. Public Sector lendingA total of 1,256 loans worth $8,595.5 million had beenapproved. The loans fell into the following categories:

Project: 989 loans worth $7,218 million

BOP Support: 185 loans amounting to $724.2 million

Program: 44 loans valued at $333.4 million

HIPC Initiative: 37 loans totaling $269.8 million

PRGF Trust: 1 loan for $50 million

Disbursement of loansBy the end of 2009, and in the Public Sector, a total of780 loans had been fully disbursed, some 306 wereunder disbursement, and a further 41 remained pending

and still to become effective. An additional 49 loans hadbeen canceled subsequent to original commitments.Total loan disbursements amounted to $5,123.1 million.

Regional distributionGeographically, Public Sector loans approved throughDecember 31, 2009 were distributed as follows:**

Africa: 716 loans, valued at $4,288.8 million, providedto 47 countries

Asia: 329 loans, worth $2,933.4 million, extended to30 countries

Latin America and the Caribbean: 193 loans, totaling$1,193.5 million, provided to 22 countries

Europe: 17 loans, amounting to $130 million, given totwo countries

Categories of recipient countriesBy the end of 2009, the world’s Least DevelopedCountries had received $4,376.8 million or 51.2% of

Summary of Cumulative Operations

Table 1

Total commitments and disbursements as of December 31, 2009(in millions of dollars)

Commitments Disbursements1. Public Sector Operations

– Project Financing 7,218.025 3,808.002– Balance of Payments Support 724.230 713.930– Program Financing 333.396 311.811– HIPC Initiative 269.830 239.330– PRGF Trust 50.000 50.000

Subtotal 8,595.481 5,123.073

2.Trade Finance Operations 482.800* 227.822

3. Private Sector Operations 1,155.750 508.572

4. Grant Operations– Technical Assistance 133.907 119.384– Emergency Relief Aid 62.417 61.526– Research and Similar Activities 13.382 11.734– HIV/AIDS Special Account 64.350 46.726– Food Aid Special Grant Account 20.000 20.000– Special Account for Palestine 78.175 63.105– Special Contribution to IFAD 20.000 20.000– Common Fund for Commodities 83.560 36.455

Subtotal 475.791 378.930

5. IFAD 861.100 732.000

6. IMF Trust Fund 110.700 110.700Total 11,681.621 7,081.097* Excluding $619 million in risk-sharing guarantees.

** Excluding the PRGF Trust, which is a multi-regional facility.

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OFID’s total Public Sector lending commitments, whileother developing countries had benefited from loansworth $4,168.7 million, or 48.8% of the total.

Categories of loansRegional apportionment of public sector loans accord-ing to type was as follows:*

Project loans: $3,445 million to Africa; $2,693.2 millionto Asia; $950 million to Latin America and theCaribbean; and $129.8 million to Europe.

BOP support loans: $430.5 million to Africa; $175.8 mil-lion to Asia; and $118.0 million to Latin America andthe Caribbean.

Program loans: $194.7 million to Africa; $64.5 million toAsia; and $74.2 million to Latin America and theCaribbean.

HIPC Initiative: $218.6 million to Africa; and $51.2 mil-lion to Latin America and the Caribbean.

Sectoral distribution of project loans to the public sectorThe breakdown of project loans by economic sectorwas as follows:Transportation: $2,289.3 million, or 31.7%

Energy: $1,346.2 million, or 18.6%

Agriculture and agro-industry: $1,128 million, or 15.6%

Education: $677.7 million, or 9.4%

Water supply and sewerage: $569.6 million, or 7.9%

Multisectoral and other: $517.2 million, or 7.2%

Health: $404.5 million, or 5.6%

National development banks: $174.7 million, or 2.4%

Industry: $92.7 million, or 1.3%

Telecommunications: $18.1 million, or 0.3%

(See Appendix I for full details.)

PRGF TrustIn 1994,OFID entered into an agreement with the IMFto contribute to the Enhanced Structural AdjustmentFacility (ESAF) Trust, which was established in Decem-ber 1987, and subsequently extended and enlarged inFebruary 1994, to provide loans on concessionalterms to qualifying, low-income IMF developing coun-tries. The ESAF was replaced in October 1999 by the

Poverty Reduction and Growth Facility (PRGF). The aimof this facility is to bring about substantive changes inthe way countries’ programs are formulated and, inparticular, to arrive at policies that are more clearlyfocused on growth and poverty reduction. OFIDcommitted $50 million to the Trust and has paid outthe full amount. The IMF repaid the loan in full in Sep-tember 2006.

2. Private Sector FacilityThrough its Private Sector window and by the end of2009, OFID had approved financing worth a total of$1,255.8 million in 142 operations in support of pri-vate sector entities in Africa, Asia, the Middle East,Latin America, the Caribbean and Europe. As well assupport to the financial sector in the form of lines ofcredit to financial intermediaries, the Facility has alsoprovided funding directly to projects in a diversity ofother sectors. These include agro-industry, infrastruc-ture, manufacturing, mining, telecommunications, tex-tiles and tourism, as well as social areas such as health-care and housing.

3.Trade Finance FacilityWithin the framework of the Trade Finance Facility,40 operations worth a total of $482.8 million hadbeen approved in loans and lines of credit by Decem-ber 31, 2009. An additional $619.2 million had beenapproved in risk-sharing guarantees. In all, 20 coun-tries have benefited from OFID trade financing.

4. GrantsBy December 31, 2009, OFID had approved a total of1,159 grants worth $457.8 million. Of this amount,$133.9 million was extended as technical assistance,often in cooperation with United Nations agenciesand a number of other international developmentorganizations; $62.4 million was made available in sup-port of emergency relief operations; $13.4 millionsponsored research and similar activities; $64.4 mil-lion was given to finance projects within the frame-work of the HIV/AIDS Special Account; $78.2 millionwas approved from the Special Grant Account forPalestine; $20 million was given to the Food Aid Spe-cial Grant Account; and $20 million went to IFAD.

Common Fund for CommoditiesThe Common Fund for Commodities (CFC) is anintergovernmental institution dedicated to enhancingthe socio-economic development of commodity pro-ducers in the developing countries. OFID was instru-mental in the Fund’s establishment, extending a grantof $37.2 million to cover the subscriptions of 35 leastdeveloped countries to the directly contributed capi-tal of the CFC and an additional $46.4 million to helpfinance operations under the institution’s SecondAccount. By the end of 2009, grants totaling

* Excluding the PRGF Trust, which is a multi-regional facility.

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Chart 1

Sectoral distribution of Public Sector project loans as of December 31, 2009(in millions of dollars)

$23.8 million had been drawn from the resources allo-cated to the Second Account in support of commodi-ties projects in 30 countries in Africa, 12 in Asia andsix in Latin America and the Caribbean.

IFADEstablished in 1977, IFAD is a specialized agency of theUnited Nations mandated to mobilize concessionalresources for agricultural development in the poorerregions of the world. It provides funding for projectsto introduce or expand food production systems andworks to strengthen related policies and institutions inaccordance with national priorities and strategies.

OFID played a significant role in the establishment ofIFAD, channeling $861.1 million in contributions fromOPEC Member Countries towards the agency’s initialcapital ($435.5 million) and first replenishment($425.6 million). Of this pledged total, $731.9 millionhad been paid-in by the end of 2009.

Since IFAD’s creation, OPEC Member States havemaintained their firm support for the agency, con-tributing to additional replenishments of its resources.In 1986, $184.0 million was pledged for the secondreplenishment, followed by $124.4 million towards thethird replenishment in 1989. OPEC Member Coun-tries also contributed to the fourth and fifth replen-ishments: they pledged $39.3 million to the fourth andcommitted $51.1 million to the fifth. For the sixth

replenishment (2003), $33.9 million was pledged, whilethe seventh replenishment (2005) received pledges of$57.1 million and the eighth replenishment (2008)received $87.9 million.

IMF Trust FundAlso through OFID, resources amounting to$110.7 million were transferred by a number of OFIDMember States to the IMF-administered Trust Fund,established in May 1976. Representing profits accru-ing to seven of these countries from the sale of goldheld on their behalf by the IMF, these resources wereallocated to provide concessional balance of pay-ments support to eligible low-income IMF membercountries.

1,128.03 Agriculture & agro-industry

677.74 Education

1,346.15 Energy

404.53 Health

92.72 Industry

517.17 Multisectoral

174.65 National development banks

18.14 Telecommunications

2,289.32 Transportation

569.58 Water supply & sewerage

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P A R T O N E

OFID in 2009

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In 2009, OFID approved development financing inthe total amount of $1,382.5 million, an increase of

almost 70% over 2008. The bulk of this went to thePublic Sector, including $664.7 million in project lend-ing, $9.3 million for a commodity imports programand $18.5 million in debt relief under the HIPC Initia-tive. Financing worth $286.5 million was approved for16 Private Sector operations, while investments total-ing $364.0 million were committed under the TradeFinance Facility. In the area of grant aid, OFIDextended 137 grants valued at $39.5 million, of which$6.8 million went to finance technical assistanceschemes; $12.7 million was committed from the Spe-cial Grant Account for Palestine; $15.0 million sup-ported projects within the framework of theHIV/AIDS Special Account; $2.0 million helped fundresearch and similar activities; and $3.1 million wasextended to provide emergency humanitarian aid. Inaddition, $4.25 million was drawn down from the CFCSecond Account to help finance commodities projectsin 22 countries. Total disbursements for the yearreached $699.4 million, compared to $484.0 million in2008.

1.Year in Brief

Commitments and disbursements in 2009(in millions of dollars)

Commitments Disbursements1. Public Sector Operations

– Project financing 664.687 362.419– Program financing 9.300 9.300– HIPC Initiative financing 18.500 15.400

Subtotal 692.487 387.119

2.Trade Finance Operations 364.000* 151.066

3. Private Sector Operations 286.500 122.569

4. Grant Operations– Technical assistance 6.750 4.911– Emergency aid 3.050 5.384– Research and similar activities 1.955 1.429– HIV/AIDS Special Account 15.000 8.105– Special Grant Account for Palestine 12.700 14.527– Common Fund for Commodities – 4.250

Subtotal 39.455 38.606

Total 1,382.442 699.359

Table 2

* Excluding $480 million in risk-sharing guarantees.Phot

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Project LendingProject loans approved in 2009 numbered 42 andamounted to $664.7 million. Four of them weredrawn from the Blend Facility. The loans wereextended to finance operations in 38 developing coun-tries, and helped support projects in the sectors oftransportation, energy, agriculture, water supply andsewerage, health and education, as well as operationsof a multi-sectoral nature. Continuing an establishedtrend, transportation attracted the bulk of commit-ments at 45%, followed by energy at 23%. The remain-der was divided as follows: multi-sectoral (8%), watersupply and sewerage (7%), agriculture (7%), education(6%) and health (4%).

Seventeen countries secured loans worth a total of$302.7 million for transportation projects in 2009.The financing will support activities in sub-sectorsranging from roads and airports to railways and urbantransport systems.

The majority of projects involve national transportcorridors, which serve as important links for bothdomestic and regional integration. The concernedcountries are: Benin ($11 million), Cambodia ($7 mil-lion), Ethiopia ($15 million), Honduras ($25 million),Kenya ($10 million), Madagascar ($10 million), Philip-

pines ($30 million), Senegal ($4.7 million) and Tajik-istan ($13 million).

For Burundi ($8 million), Jamaica ($10 million),Morocco ($30 million) and Paraguay ($29 million) thefocus is on the construction or rehabilitation of roadsthat will improve the connectivity of rural communi-ties to market places, jobs and social services.Botswana, meanwhile, will utilize its loan of $40 millionfor an integrated project that focuses on rural, urbanand semi-urban roads.

The airports subsector attracted two loans in 2009,both with the stated aim of enhancing the tourismsector. The Gambia secured $8 million to help expandBanjul International Airport; and Nepal took $15 mil-lion to upgrade Bhairahawa Airport and improvetourist flow to the Lumbini UNESCO World HeritageSite.

One loan was approved for the railways subsector:Turkey secured $37 million towards the constructionof a 254 km-long, double-track high speed linebetween Sincan and Eskisehir-Inonu.

In the energy sector, seven loans totaling $154.1 mil-lion were approved in 2009. Azerbaijan ($30 million),

2. Public Sector Lending

Chart 2

Sectoral distribution of Public Sector project loans in 2009(in percent)

7 Agriculture & agro-industry

6 Education

23 Energy

4 Health

8 Multi-sectoral

45 Transportation

7 Water supply and sewerage

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the Dominican Republic ($30 million), Haiti ($15 mil-lion) Mozambique, ($8 million), Pakistan ($31.1 mil-lion) and Rwanda ($10 million) plan variously toimprove electricity generation, transmission and distri-bution; while for Tunisia ($30 million), the objective isthe construction of a natural gas pipeline.

Loans for multisectoral projects numbered four andwent to Bolivia ($10 million), Tanzania ($12 million),Mali ($8 million) and Egypt ($25 million). Both Boliviaand Tanzania plan to carry out a large number of small-scale, demand-driven community development pro-jects; while Mali will undertake an integrated initiativeto boost agricultural production and increase accessto clean water. The loan to Egypt will support themicro-financing activities of the country’s Social Fundfor Development.

Resources valued at $45.5 million were committed forwater supply and sewerage projects. China willutilize its loan of $10.5 million to construct pumpingstations, wells and irrigation systems in the BostenLake basin; Cuba will invest $17 million in a scheme tooverhaul the public water supply network in Las TunasCity; Pakistan ($6 million) plans to promote the har-vesting of rainwater; and Tanzania ($12 million) willimplement a project to upgrade water supply and san-itation facilities in the Same, Mwanga and Korogwe dis-tricts.

The agriculture sector attracted a total of $43.8 mil-lion in financing for four projects. Bosnia and Herze-govina took $6 million to help upgrade farming infra-structure; and Senegal secured $9.1 million to developand promote entry to profitable value chains. Mean-while, Sri Lanka received $16 million and Uzbekistan$12.73 million for irrigation schemes.

Three countries – Congo DR ($5 million), Malawi($11 million) and Uganda ($22.95 million) – receivedfinancing towards education initiatives. Congo DR’sloan will be used for primary schools rehabilitation;Malawi’s credit will go towards the construction ofteacher training colleges; while in Uganda the focuswill be on vocational training.

Health projects numbered three in 2009. Cameroonreceived $8.6 million to purchase medical equipment,furniture and medicines for the newly-completedSangmelima District Hospital; China obtained $10 mil-lion to construct three multi-story hospitals inLanzhou, the capital of Gansu province; and Zambiasecured $6 million to expand the country’s only spe-cialist cancer hospital in Lusaka.

Loading vegetables and bags onto a public bus in the Mountain Province region of the Philippines. Loans to the transportation sector accounted for 45 percent of all public sector project lending in 2009.Photo: Robert Harding Picture Library Ltd/Alamy

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Public Sector project loans approved in 2009 – geographical and sectoral distribution (in millions of dollars)

Agriculture Waterand agro- Multi- Transpor- supply and

Country/region industry Education Energy Health sectoral tation sewerage Total

Benin 11.000 11.000Botswana 40.000 40.000Burundi 8.000 8.000Cameroon 8.607 8.607Congo, DR 5.000 5.000Egypt 25.000 25.000Ethiopia 15.000 15.000Gambia 8.000 8.000Kenya 10.000 10.000Madagascar 10.000 10.000Malawi 11.000 11.000Mali 8.000 8.000Morocco 30.000 30.000Mozambique 8.000 8.000Rwanda 10.000 10.000Senegal 9.100 4.700 13.800Tanzania 12.000 12.000 24.000Tunisia 30.000 30.000Uganda 22.950 22.950Zambia 6.000 6.000Africa 9.100 38.950 48.000 14.607 45.000 136.700 12.000 304.357

Azerbaijan 30.000 30.000Cambodia 7.000 7.000China 10.000 10.500 20.500Nepal 15.000 15.000Pakistan 31.100 6.000 37.100Philippines 30.000 30.000Sri Lanka 16.000 16.000Tajikistan 13.000 13.000Turkey 37.000 37.000Uzbekistan 12.730 12.730Asia 28.730 – 61.100 10.000 – 102.000 16.500 218.330

Bolivia 10.000 10.000Cuba 17.000 17.000Dominican Republic 30.000 30.000Haiti 15.000 15.000Honduras 25.000 25.000Jamaica 10.000 10.000Paraguay 29.000 29.000Latin America & Caribbean – – 45.000 – 10.000 64.000 17.000 136.000

Bosnia & Herzegovina 6.000 6.000Europe 6.000 – – – – – – 6.000

Total 43.830 38.950 154.100 24.607 55.000 302.700 45.500 664.687(percentage) 6.6 5.9 23.2 3.7 8.3 45.5 6.8 100.0

Table 3

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Avibrant private sector is widely recognized as anessential component of economic transformation

and a major contributor towards poverty alleviation.With the right policy framework in place, a successfulprivate sector can help increase employment andexports or import substitution and generally con-tribute to improving overall living standards.

OFID’s Private Sector Facility (PSF) provides an addi-tional means through which the institution fulfills itscore mission of assisting developing countries in theireconomic and social development. The goals of thePSF are to encourage the growth of productive privateenterprise and to boost the development of local cap-ital markets.

The PSF was created in response to changing eco-nomic and social policies in OFID’s traditional coun-tries of operation. Private sector financing is seen asa natural adaptation, enabling the institution to con-tinue serving as wide a range of countries as possible,while remaining relevant and responsive to the con-tinually changing global environment.

In principle, all developing countries are eligible forprivate sector financing. As a pre-condition for mak-ing investments, OFID normally requires the conclu-sion of an Agreement for the Encouragement and Pro-tection of Investment (AEPI) with the country con-cerned. Recognized as a gesture of trust and confi-dence, the Agreement accords OFID the same privi-leges as those normally given to international devel-opment institutions in which the country holds mem-bership. As of 31 December 2009, AEPI’s had beenconcluded with 65 countries; 61 agreements hadentered into force.

In terms of project eligibility, an applicant for privatesector financing would normally be incorporated in acountry where the AEPI has entered into force, bemajority privately owned and commercially viable.State owned enterprises may also be eligible if theyare commercially managed as autonomous enter-prises, and provided they act as a channel of supportfor local private enterprise. In addition, public-privatepartnership projects have been supported when oper-ated on private enterprise principles. Projects are

3. Private Sector Operations

Through its dedicated Private Sector Facility, OFID seeks to encourage the growth of productive private enterprise in developingcountries, like this mining company in Zambia.Photo: Lumwana Mining Company

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required to have a high developmental value, thuscomplementing OFID’s mandate.

Recognizing the importance of micro, small andmedium-sized enterprises for job creation and eco-nomic growth and the consequent impact on povertyalleviation, the PSF provides financing to a range offinancial intermediaries. Such organizations are betterplaced to meet the specific needs of small businesses.

In the financial sector, projects supported haveincluded commercial banks, development finance insti-tutions, regional and national development banks, leas-ing companies, microfinance organizations and housingfinance companies. In the non-financial sector, pro-jects that introduce new technologies or techniquesto partner countries are an important priority. Start-up and expansion projects have also been financed.Sectors supported include agro-industry, energy, infra-structure, manufacturing, mining, telecommunications,textiles, tourism and transport, as well as social sec-tors such as healthcare and housing.

Private sector instruments include lines of credit tofinancial institutions, direct project loans, equity andquasi-equity investments and guarantees. OFID is ableto offer long-term loans in US dollars, euros and incertain cases local currency. Interest can be at eitherfixed or variable rates depending on the project’srequirements. Loan tenors typically range from five to

10 years but may be extended where circumstanceswarrant.

The PSF also invests in equity for the establishment ofnew businesses and the expansion of existing ones.Several new financial institutions, including commercialbanks, leasing companies and housing finance agencies,have been supported, the main objective being theintroduction of new products and added capacity inlocal capital markets. OFID is always a minority share-holder, usually holding between five to 25 percent ofequity. Investments are normally held for a period offive to seven years. Exit arrangements are generally apre-condition for investment.

Cumulatively since inception, PSF approvals amount to$1,155.8 million for 142 projects in 46 countries. In2009, as part of a response to the global financial cri-sis, OFID supported a number of collaborative initia-tives and also exercised flexibility in responding toclients experiencing liquidity difficulties. Totalapprovals in 2009 amounted to $286.5 million, distrib-uted equally between the financial and non-financialsectors.

Non-financial sector approvals included loans for aport in Ghana, telecommunications projects in Ghanaand Rwanda, an iron ore project in Mauritania, apower plant in Jordan, a cement factory in Syria and anairline in Yemen.

Chart 3

Distribution of Private Sector financing approved in 2009(in percent)

14 Commercial Banks

10 Fund

14 Development Finance

12 Microfinance

14 Infrastructure

12 Industry

16 Telecommunications

8 Transportation

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Financial sector approvals included lines of credit toBlue Financial Services of Mauritius, Byblos Bank Africaof Sudan, the West African Development Bank, Ard-shininvest Bank of Armenia, Banco Bisa of Bolivia, theDevelopment Bank of Jamaica and Corporación Inter-americana para el Financiamiento de Infraestructura(CIFI). In addition, OFID approved $30 million for theBank Recapitalization Fund and $20 million for theMicrofinance Enhancement Facility. Both the Fund andthe Facility formed part of OFID’s response to theglobal financial crisis, in collaboration with otherdevelopment finance institutions.

Private sector financing guidelines and eligibility crite-ria are available for downloading from OFID’s websiteat www.ofid.org or upon request from the institution’sheadquarters in Vienna,Austria.

Applications for financing may be submitted by post,fax or email to:

OPEC Fund for International Development (OFID)Parkring 8, 1010 Vienna,AustriaTel. (43-1) 515 64-0Fax (43-1) 513 92 38Email: administrator@ofid.org

Private Sector financing approved in 2009 – geographical distribution(in millions of dollars)

Country/Region Recipient Type of finance AmountAfrica Regional West African Development Bank Line of credit 29.50Ghana Meridian Port Services Ltd. Loan 20.00Ghana Zain Communication (Ghana) Limited Loan 20.00Mauritania Société Nationale Industrielle et Minière Loan 15.00Rwanda TIGO Rwanda Loan 25.00SS Africa Regional Blue Financial Services Ltd. Line of credit 15.00Sub-Saharan Africa Africa Bank Capitalization Fund Equity 30.00Sudan Byblos Bank Africa Line of credit 5.00Africa 159.50

Armenia Ardshininvest Bank Line of credit 10.00Jordan Qatrana Electric Power Company Loan 20.00Syria Al Badia Cement Loan 20.00Yemen Felix Airways Loan 22.00Asia 72.00

Bolivia Banco Bisa Line of credit 10.00Jamaica Development Bank of Jamaica Line of credit 10.00LAC Regional Corporación Interamericana para el

Financiamiento de Infraestructura (CIFI) Line of credit 15.00Latin America & the Caribbean 35.00

Global Microfinance Enhancement Facility Equity 20.00Total 286.50

Table 4

Historically, OFID has supported mainly publicsector projects and programs aimed at develop-

ing infrastructure and social services. In the last fewyears, however, the institution has expanded thescope of its operations in order to increase both thedevelopmental impact and relevance to partner coun-tries. As trade promotes economic growth and devel-opment in a number of ways and helps integrate localeconomies into the global economy, OFID launchedin 2006 a new financing window, the Trade FinanceFacility (TFF).

Within the context of the TFF, OFID provides supportfor the flow of goods within and between countriesthrough a variety of instruments, including fundedoperations (loans and lines of credit) and unfundedoperations (guarantees). Loans are extended directlyto clients in partner countries to finance the trade of a

wide range of commodities. Lines of credit to financialintermediaries are provided for working capital, pre-and post-shipment or import finance and are aimed atsupporting small and medium-sized enterprises(SMEs). Guarantees are issued to development financeinstitutions and/or commercial banks to increase theirtrade finance exposure for the benefit of local smallbusinesses. OFID plans to expand its activities toother demands of the market as and when required.

Trade and trade financing in 2009The year 2009 presented a diverse situation. Due tothe global financial crisis, commodity prices and vol-umes in the earlier part of the year continued toexperience a slump. Prices recovered later in the year,however, mainly as a result of accelerated demand inAsia. Overall, world trade volumes declined in 2009for the first time since 1982.

In 2009, OFID’s Trade Finance Facility received a considerable injection of resources, leading to an eight-fold increase in fundedoperations and a four-fold increase in guarantees.Photo: PICT

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4.Trade Finance Facility

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Financing continued to be scarce, as commercial bankswithdrew from trade finance and had less appetite forrisk. During the latter part of 2009, liquidity condi-tions eased, as government stimulus packages began totake affect.

Pricing for trade finance increased strongly, particu-larly in the first half of 2009, due to a liquidity crunchand the perception of higher risk. SMEs suffered most.Lead arrangers of syndicated facilities recommendedsubstantially higher pricing in order to obtain sufficientsubscriptions.

OFID strategy and performance in 2009OFID’s strategy during 2009 and beyond is to expandits trade finance activities for funded and unfundedtransactions for the benefit of its partner countries.The involvement of OFID in trade finance will have apositive impact in helping partner countries alleviatetheir difficulties in accessing credit in days of creditdisruption. As such, OFID, together with its partners,will play a countercyclical role.

OFID seeks to expand its strategic partnership networkof leading commercial banks and development financeinstitutions to help deploy the resources of the TFFmore efficiently, while increasing OFID’s visibility in themarket and balancing its risk portfolio. As a result, thegeographical scope of TFF operations will increase, aswill the product range. This networking strategy shouldalso benefit OFID’s public and private sector operations.

In 2009, the TFF received a considerable injection ofresources that enabled the facility to further expandthe scope of its operations and respond to the higherdemands of the market. Transaction volumes grewsubstantially across all instrument types. Regardingunfunded operations, two major portfolio-based risk-sharing programs with leading commercial banks wereapproved giving OFID exposure to guarantees in over30 countries. In addition, one unfunded transaction inthe field of supply of inputs to the agricultural sectorwas approved. This is perceived as particularly com-plementary to OFID’s funding of investments in agri-culture for increased crop intensity and general pro-ductivity.

For funded operations, OFID joined in a number oftransactions with the International Islamic TradeFinance Corporation. The institution also participatedin a number of prestigious syndicated facilities, such asthe Ghana Cocoa Board and Afreximbank. Addition-ally, several lines of credit were structured with severalregional development finance institutions and com-mercial banks.

Also approved was a contribution to the Global TradeLiquidity Pool, which was a collaborative response tothe financial crisis. This program was initiated by the

IFC and works through global and regional banks toextend trade finance to importers and exporters indeveloping countries.

For 2009, total approvals for funded operationsamounted to $359 million, a significant increase overthe $44.5 million approved in 2008. In the form ofguarantees, risk-sharing agreements were concludedwith a number of institutions for a maximum revolvingamount of $480 million. This compares veryfavourably to the previous year when total guaranteesamounted to $104.5 million.

Highlights of the year

Unfunded risk-sharing with Standard Chartered Bank

In October, OFID signed an agreement for a $500 million risk-sharing program with StandardChartered Bank. Under the agreement, OFID willguarantee letters of credit issued by banks indeveloping countries to support trade transac-tions of local corporations. Due to the short-termnature of the transactions, the risk-sharing pro-gram will generate substantial incremental trade.

Participation in Ghana Cocoa Board

OFID joined as lead arranger in the GhanaCocoa Board’s 2009 Receivables-Backed TradeFinance Facility, the largest structured soft com-modity syndicated deal in Africa. The GhanaCocoa Board continues to be regarded interna-tionally as one of the world’s premier cocoaorganizations.

Participation in African Export Import Bank

OFID participated in two major syndicated loansfor the Pan-African Supranational African ExportImport Bank. The funds from both loans will beused to support trade financing and for workingcapital purposes.

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Trade financing approved in 2009 – geographical distribution(in millions of dollars)

Country/Region Recipient Type of finance AmountAfrica Regional African Export-Import Bank Line of credit 15.00Africa Regional African Export-Import Bank Second line of credit 10.00Benin Ministry of Economy and Finance Loan 2.00Burkina Faso Société Burkinabé des Fibres Textiles Syndicated murabaha

financing 15.00Egypt Egyptian General Petroleum Corporation Islamic financing facility 25.00Egypt Egyptian General Petroleum Corporation Islamic financing facility 25.00Ghana Ghana Cocoa Board Loan 25.00Morocco Société Anonyme Marocaine de Syndicated murabaha

l’industrie du Raffinage financing 25.00Senegal Ministry of Economy and Finance Loan 5.00Sub-Saharan Africa Eastern & Southern Africa Trade &

Development Bank Line of credit 20.00Sudan Byblos Bank Africa Murabaha 5.00Zambia Ministry of Finance & National Planning Short-term import

credit financing 15.00Africa 187.00

Azerbaijan Amrahbank Line of credit 2.00Bangladesh Ministry of Power, Energy and

Mineral Resources Loan 25.00Asia 27.00

LAC Regional TOF Cayman SPV Line of credit 25.00Regional Latin America Banco Latinoamericano de Comerico

Exterior S.A. Line of credit 25.00Latin America & the Caribbean 50.00

Global Global Trade Liquidity Pool Funded risk-sharing scheme 100.00

Total 364.00

Country/Region Recipient Type of finance AmountGhana, Mozambique, Agriculture Smallholder Proposition/Tanzania & Uganda Risk Participation with Standard Bank Guarantee 50.00Sub-Saharan Africa Standard Bank Guarantee 150.00Africa 200.00

Africa & Asia Regional Export Trading Group (ETG) Guarantee 30.00

Global Standard Chartered Bank (SCB) Guarantee 250.00Total 480.00

Table 5

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The OFID grant program provides support to awide range of development schemes and activities

that fall outside the scope of its lending operations.OFID grants are extended in the form of technicalassistance, including support to micro and small-scaleenterprises and deserving social causes; as sponsor-ship for research and studies; and, when occasiondemands, as humanitarian aid or emergency relief. Inaddition to its regular grant activities, OFID has threespecial grant accounts: the HIV/AIDS Account sup-ports prevention and care activities in affected devel-oping countries, and the Palestine Account sponsorsrelief and reconstruction efforts in the West Bank andGaza. The Food Aid Special Account was set up in2003 to help combat the hunger crisis in Africa.

In 2009, OFID approved 137 grants worth a total of$39.5 million. Of these, 19 were extended for techni-cal assistance, 23 supported research and similar activ-ities, and 11 helped finance emergency aid operations.Five initiatives were sponsored from the HIV/AIDSSpecial Account, while 79 projects were supportedunder the Special Account for Palestine. Separately,and in addition, five grants totaling $4.3 million weredrawn from the $46.4 million allocated to the SecondAccount of the CFC

In the area of technical assistance, resourcesamounting to $6.8 million were allocated to a varietyof worthy causes. Health-related projects include aGuinea Worm eradication campaign; support to theRed Cross Special Fund for the Disabled; and assis-tance to the King Hussein Cancer Center in Jordan.Women are the focus of two initiatives: the first to helpempower disadvantaged women in six Arab countries;the other to expand a women’s vocational training cen-ter in Peru. Financing was also given to multi-purposecommunity development schemes in Nepal andNicaragua; a water supply and sanitation project inHaiti; and a refugee program in Mauritania. A total of10 grants were approved to the CGIAR to supportactivities at eight of its agricultural research centers.

Research activities supported by OFID drew grantstotaling $2.0 million in 2009. A large part of this wasused to help sponsor development conferences andmeetings organized by bodies such as the Arab Centerfor the Studies of Arid Zones and Dry Lands, the ArabForum for Environment and Development, the ArabThought Foundation, the Comprehensive Nuclear-Test-BanTreaty Organization, the Lindau Foundation, the Interna-tional Association for Energy Economics, and the IslamicAcademy of Sciences. Funding was also given to help

5. Grant Operations

In September, OFID responded to a spate of flash floods in Africa with a $1 million emergency grant to help affected communities in Burkina Faso, Chad, Mauritania, Niger and Senegal.Photo: Moustapha Diallo/IFRC

finance a Professional Development Program for Sciencesand Mathematics Educators organized by the ColomboPlan. Other grants supported an education programin a remote region of Tajikistan; the production of aseries of scientific Arabic TV programs; assistance topastoral farmers in Ethiopia; and the construction of aschool and hostel for homeless children in Tanzania.Also receiving support were a community develop-ment project in Egypt; efforts to strengthen traditionalmedicine in Tibet; a capacity-building scheme forwomen in Senegal; and an UNRoD outreach programin Palestine. Grants were also given to disseminatecopies of a report on climate change and to translatean Islamic art website from German to English. Inaddition, through sponsorship of the Vienna Marathon,assistance was given to help fund the work of twoAustrian NGOs in LDCs. Funding for the OFIDAnnual Award 2009 and the OFID Scholarship Award2009 was also drawn from the Research Account.

Emergency assistance totaling $3.0 million was dis-tributed to Bangladesh ($300,000), India ($300,000)and the Philippines ($250,000), to provide relief totyphoon/cyclone survivors; to Burkina Faso($200,000), Chad ($200,000), Indonesia ($200,000),Mauritania ($200,000), Niger ($200,000) and Senegal($200,000) following flash floods; and to the WFP($500,000) for food aid to low-income countries.

In 2009, $15 million was committed from theHIV/AIDS Special Account to co-finance regionalor global partnership initiatives with internationalorganizations such as the ILO, UNESCO,WHO, IDLOand the International AIDS Vaccine Initiative.

A total of 79 grants worth $12.7 million wereapproved from the Special Grant Account forPalestine. Of this sum, $3 million went to developirrigation and water supply systems in the West Bank;$2.5 million went to bolster reconstruction opera-tions in Gaza; $1.5 million was given to renovateschools and youth clubs in Jerusalem; and $3.5 millionwas divided among some 25 Palestinian NGOs toallow them to maintain vitally important services inboth the West Bank and Gaza. In addition, $1.2 millionwas extended to support an UNRWA-sponsoredscholarship fund for talented Palestinians.

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Chart 4

Sectoral distribution of Grants in 2009(in percent)

5 Agriculture

8 Education

14 Emergency

1 Energy & Environment

46 Health

18 Social

8 Water Supply & Sewerage

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Grants approved in 2009(in thousands of dollars)

I.Technical Assistance CommitmentsAustrian Red Cross: Community Development Project in Rukum District, Nepal 450.0Carter Center: Guinea Worm Eradication Program 500.0Center of Arab Women for Training and Research: Poverty Alleviation among Rural Women in the

Arab Region 500.0CGIAR/CIAT: Empowerment of Poor Farmers through Legume-based Integrated Soil Fertility

Management in Lake Victoria Basin 100.0CGIAR/CIAT: Strengthen Security on Drought through Biofortified Rice and Beans 150.0CGIAR/CIMMYT: Stress Tolerant Quality Protein Maize (QPM) for Central and

South America – Phase II 150.0CGIAR/CIP: Decision Support Systems to Sustainable Potato Management in the Andes 100.0CGIAR/ICARDA: Enhancement of Market Access through Small Scale Farmers Union 150.0CGIAR/ICARDA: Sustainable Development of Depressions in Pastoral Ecosystems 150.0CGIAR/ICRISAT: Groundnut Research to Enhance Food and Nutritional Security in Asia 100.0CGIAR/ILRI: Livestock Intensification – Impacts on Livelihood in Dairy Value Chain 100.0CGIAR/IWMI: Sustainable Management of Groundwater in Central Asia – Phase III 100.0CGIAR/WORLDFISH CENTER: Strengthening Livelihoods and Incomes of Rural Households

through Integrated Agriculture and Aquaculture 100.0FPSC: Development of Condoray Training Center for Women in Cañete, Peru 300.0HILFSWERK: Rural Development Project in the Coastal Zones of Lake Managua, Nicaragua 400.0ICRC/SFD: Physical Rehabilitation Projects in Eastern Africa 2009-2011 800.0King Hussein Cancer Foundation: Sustaining Excellence in Cancer Care in Jordan

and the Middle East 600.0Pan American Development Foundation: Rural Water and Sanitation in Haiti 1,000.0UNHCR: Return and Reintegration of Mauritanian Refugees 1,000.0Subtotal 6,750.0

II. Research and Similar Activities AFED: 2nd Annual Conference on The Impact of Climate Change on Arab Countries 100.0Aga Khan Foundation: Education Improvement Program in Tajikistan’s Remote Mountainous Areas 100.0Arab Center for the Studies of Arid Zones and Dry Lands:Workshop on the Safe Use of

Treated Wastewater in Arab Agriculture 10.0Arab Thought Foundation: FIKR 8 Kuwait 100.0Austrian Doctors for Disabled:Women Victims of Violence in Burundi 50.0Bartolina Sisa Confederation: OFID Award 2009 100.0Bibliotheca Alexandrina : Production of a Series of TV Programs in Arabic covering Scientific Topics 200.0Center for World Food Studies: Improving Pastoral System Drought Resilience in Afar State, Ethiopia 150.0Colombo Plan: Professional Development Program for Sciences and Mathematics Educators 50.0FOSTER: Secondary School in Tanzania 100.0Friends of Environment and Development Association: Rehabilitation of the Historical

Gamalia District in Cairo 100.0IAS: 17th IAS Conference 45.0International Association for Energy Economics: 2009 IAEE Conferences in San Francisco and Vienna 30.0International Press Institute: IPI Business Journalist Forum 2009 50.0Lindau Foundation: 59th Meeting of Nobel Laureates in Chemistry 100.0Nyma e.V: Strengthening Traditional Tibet Medicine 100.0OFID Scholarship 2009 100.0OXFAM: Kiosk Project – Senegal 100.0CTBTO 2009 Technical Meetings 100.0SEPP/PROF. SINGER: NIPCC Report – Nature, Not Human Activity, Rules the Climate 5.0Society for Austro-Arab Relations:To Assist Ongoing Operations 50.0University of Vienna:Translation of Virtual Museum of Islamic Art 15.0UNROD: Claim Intake Activities of Damages Caused by the Separation Wall in Palestine 200.0Subtotal 1,955.0

Table 6

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III. Emergency CommitmentsBangladesh 300.0Burkina Faso 200.0Chad 200.0India 300.0Indonesia 200.0Indonesia 500.0Mauritania 200.0Multi-regional Aid to Fight World Hunger 500.0Niger 200.0Philippines 250.0Senegal 200.0Subtotal 3,050.00

IV. HIV/AIDS Special Account International AIDS Vaccine Initiative: Joint AIDS Vaccine Research and Development Program 3,500.0 IDLO: Joint Program on Legal Reform to More Effectively Manage HIV/AIDS 2,000.0 ILO:Application of HIV/AIDS Workplace Policies in Latin America & Sub-Saharan Africa 2,500.0 UNESCO: Partnership for Comprehensive Education Sector Responses to HIV/AIDS in

East & Southern Africa 3,500.0 WHO: Prevention of Transfusion-transmitted HIV/AIDS and Hepatitis in Priority Countries 3,500.0 Subtotal 15,000.0

V. Special Grant Account for Palestine Agricultural Green Valley Association 50.0 Al-Amal Orphan Society 50.0 Alawda Benevolent Society 50.0 Al-Burij Society for Community Rehabilitation 50.0 Al-Fukhary Rural Development Association 50.0 Al-Kheimah Cultural Center 100.0 Al-Mortaqa Foundation for Women 50.0 Al Quds Open University 50.0 Arab Medical Union 50.0 Arab Society for Orphans 100.0 Arrabah Municipality 100.0 Assalama Charitable Society 50.0 Baitona for Community development 50.0 Balsam Rehabilitation Society 50.0 Bisan Center for Research and Development 100.0 Bunian Association for Training & Evaluation and Community Studies 50.0 Burqin Ladies Center Society 100.0 Center for Development and Labor Studies 50.0 Culture and Free Thought Association 50.0 Deir El-Balah Rehabilitation Society 50.0 Dar Al-Tifel Al-Arabi Institute 100.0 Development of Palestinian Farmers Association 50.0 El-Wafa Charitable Society 50.0 El-Amal Rehabilitation Society 50.0 El-Nourain Society for Rehabilitation of the Disabled 50.0 El-Rashid Charity Organization 50.0 The Edward Said National Conservatory of Music 150.0 The Four Homes of Mercy 100.0 Gaza Culture & Development Group 50.0

Table 6

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V. Special Grant Account for Palestine (cont.) CommitmentsGaza Community Mental Health Programme 50.0 Good Shepherd Swedish School 100.0 Gulf Educational Association 50.0 Gulf Educational Organization 50.0 Hajar Center 50.0 Hope Organization 50.0 Human Appeal 50.0 Humaness Succor Association 50.0 INJAZ Palestine 50.0 Improve the Livelihood of Palestinians in Jerusalem 1,500.0 Islamic Association Rafah 50.0 Islamic Society in Jabalia Nasra City 50.0 Jerusalem Center for Social and Economic Rights 100.0 Jenin Charitable Society 100.0 Juzoor Foundation for Health and Social Development 100.0 Khuza’a Permaculture Center Association 50.0 Local Association for Social Services 50.0 Ma’an Development Center 50.0 Mohamed Ali Muhtaseb Hospital 100.0 National Charitable Society / Deheishah Medical Centre 100.0 National Council for Development 100.0 National Society for Rehabilitation 50.0 Palestinian Agency for Development and Culture 50.0 Palestinian Association for Development and Reconstruction 50.0 Palestinian Association for Rehabilitation of Disabled 50.0 Palestinian Commission for Refugees Rights Protection 50.0 Palestinian Child Support Society 50.0 Palestinian Corporation for University Students 50.0 Palestinian Development Forum 50.0 Patient’s Friends Benevolent Society 50.0 Patients Friends Society Al Ahli Hospital Hebron 100.0 Palestine Save the Children Foundation 50.0 Palestinian Welfare House 50.0 Emergency Aid for Gaza Strip – Phase II: Palestinian Center for Youth Work 50.0 Society Voice Foundation 50.0 St. John of Jerusalem Eye Hospital Group 100.0 Student Friends Association 50.0 Tayba Development Corporation 50.0 Thalassemia Patient’s Friends Society 200.0 Union of Agricultural Work Committees 50.0 University College of Applied Sciences 50.0 Union of Charitable Societies 50.0 Union of Health Care Committees 50.0 Union of Health Work Committees 50.0 UNDP: Development of Irrigation Systems and Water Resources in the West Bank 2,000.0 UNRWA: Scholarship Fund for Talented Palestinians 1,200.0 UNRWA: Micro Enterprises for Palestine (PALFUND) 3,000.0 World Assembly of Muslim Youth 50.0 YMCA: East Jerusalem YMCA Vocational Training Center 150.0 Young Women’s Christian Association 150.0 Subtotal 12,700.0 Total 39,455.0

Table 6

Substantive progress has been made towardsreducing the external debt burden of the world’s

poorest countries since September 1996, when theHeavily Indebted Poor Countries (HIPC) Initiative waslaunched. The HIPC Initiative aims at reducing theexternal debt and debt service burdens of Low-Income countries (LICs) to sustainable levels througha strategy of burden sharing among creditors. The Ini-tiative was complemented in 2005 by the MultilateralDebt Relief Initiative, which aims at forgiving 100% ofeligible debt owed to the World Bank, the Interna-

tional Monetary Fund and the African DevelopmentBank by all countries reaching the completion pointunder the HIPC Initiative.

Over the past 12 months, the need for long-term debtsustainability has increased in urgency, with the globalfinancial and economic crisis forcing a marked increasein the borrowing of many countries of the South. Theimpact of the meltdown has been most devastating forHIPC countries, where external and domestic demandhave either collapsed or slowed, stifling growth. Thesame countries have also had to contend with a slumpin commodity prices and reduced worker’s remit-tances, as well as deteriorating external financing con-ditions, due to the exodus of private capital inflows.Scarce financial reserves, painfully built up over manyyears, have been rapidly eroded, in some cases revers-ing hard-won gains towards debt sustainability and thepoverty reduction and related UN Millennium Devel-opment Goals (MDGs).

OFID has supported the HIPC Initiative since itsinception, providing additional debt relief on a voluntarybasis, even as the Initiative was broadened in 1999 toprovide deeper and more rapid relief to a wider groupof countries. As of December 31, 2009, OFID hadprovided $269.8 million under the HIPC Initiative for37 loans benefiting 26 LICs, of which $239.3 millionhas been fully disbursed.

OFID’s staunch backing of the HIPC Initiative hashelped improve debt service ratios and mobilizescarce resources for development in participatingcountries, allowing for an increase in poverty-reducingexpenditures in sectors ranging from health and edu-cation to energy and rural infrastructure.

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6. Heavily Indebted Poor Countries Initiative

Through its support to the HIPC Initiative, OFID is helping LDCs address basic needs such as the use of modern fuelsinstead of fuelwood or biomass for domestic energy.Photo: Mark Edwards/Still Pictures

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To optimize the impact of its contribution to inter-national development, the OPEC Fund remains

highly conscious of the benefits to be gained from col-laborating closely with like-minded institutions. In par-ticular, these include the bilateral and multilateraldevelopment agencies of OPEC Member States, thespecialized agencies of the United Nations System,regional development banks and a host of others.Such cooperation allows for a pooling of financialresources, manpower and skills and helps avoid waste-ful duplication of effort, in turn, strengthening thedelivery of development aid.

In the course of 2009, OFID upheld its long-estab-lished tradition of cooperation by co-financing 33 Pub-lic Sector projects in collaboration with other exter-nal donors. These included OPEC aid agencies – theAbu Dhabi Fund, the Arab Fund, BADEA, IsDB, theKuwait Fund and the Saudi Fund – as well as a numberof other partners, namely AfDB, Agence Francaise deDeveloppement, AsDB, BOAD,AusAID, ECOWAS Bankfor Investment and Development, EIB, IAEA, IBRD,IDA, IDB, IFAD, Japanese International CooperationAgency and the World Bank. A total of $536 millionwas contributed by OFID to these co-sponsored pro-jects whose combined cost amounted to $6,807 mil-lion. (The sectoral breakdown of cofinanced projectsis illustrated in Table 7 below.) A further nine projects,costing a total of $202.4 million, were financed in con-junction with the governments of the recipient coun-tries and sponsored by OFID to the value of $128 mil-lion.

In the sphere of Private Sector financing, OFID collab-orates extensively with international and local co-financing partners. This mode of working forms thebasis for knowledge sharing during all phases of the

project, reduces risk and greatly increases the institu-tion’s outreach. For projects approved in 2009, co-financing partners included the IFC, IsDB, the ICD andStandard Bank.

Within the context of the Trade Finance Facility, OFIDis actively pursuing cooperation with other develop-ment finance institutions and commercial banks. In2009, co-financing partners included, among others,EBRD and IFC, as well as the African Export ImportBank, the International Islamic Trade Finance Corpora-tion and Standard Chartered Bank.

The majority of grant-financed operations alsoreceived support from external sources including,among others, the Abu Dhabi Environment Agency,AGFUND,Austrian Red Cross, Bill and Melinda GatesFoundation, Carter Center, European Commission,ICBA, IDLO, ILO, International AIDS Vaccine Initiative,Pan American Development Foundation, Oxfam Inter-national, UNESCO, UNRWA, USAID,WFP and WHO.

Further details on co-financiers of OFID operations in2009 can be found in Parts Two and Four of thisAnnual Report.

7. Cooperation with Other Organizations

Public Sector projects co-financed with other external donors in 2009(in millions of dollars)

OFID Total costSector loans of projectsAgriculture and agro-industry 43.83 316.36Education 38.95 71.50Energy 124.10 3,104.42Health 16.00 92.46Mutli-Sector 8.00 208.53Transportation 282.70 2,877.14Water supply and sewerage 22.50 137.06Total 536.08 6,807.47

Table 7

P A R T T W O

Public Sector Lending Operations in 2009*

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Benin

Sector: TransportationProject: Kandi–Segbana–Nigeria Border RoadAmount: $11 millionTerms**: Interest rate of 1.25% per annum; 20-yearmaturity, including a 5-year grace periodApproved: December 19, 2009Executing agency: Ministry in charge of Land andAir Transport and Public WorksCo-financiers: BADEA, IsDB, Kuwait Fund, SaudiFund, Government of BeninLoan administrator: BADEATotal cost: $76.38 million

The road transportation sector plays a key role inBenin, not only for meeting internal needs, but also forthe transit of goods to and from neighboring coun-

tries. This project aims at improving access to thenorthern part of the country, an area with significantagricultural potential. This will be done by upgrading a118 km-long earth road that links the town of Kandito the Nigerian border via the village of Segbana,where poverty levels are among the highest in thecountry. As the present road is in poor condition andbecomes easily flooded, the provision of a paved, all-weather stretch will facilitate the transport of inputsand agricultural goods and improve the population’saccess to social services.

Botswana

Sector: TransportationProject: Integrated TransportAmount: $40 million***Terms:18-year maturity, including a 4-year grace period

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* All public sector lending operations in 2009 concerned development project financing, except one program loan to the Central African Republic for commodity imports.

** There is a service charge on all OFID loans of 1% per annum on amounts withdrawn and outstanding.

*** This loan is drawn from the Blend Facility.

Zambia 6.000

Uganda 22.950

Tunisia 30.000

Tanzania 12.000 12.000

Senegal 9.100 4.700

Rwanda 10.000

Mozambique 8.000

Morocco 30.000

Mali 8.000

Malawi 11.000

Madagascar 10.000

Kenya 10.000

Gambia 8.000

Ethiopia 15.000

Egypt 25.000

Congo, DR 5.000

Cameroon 8.607

Burundi 8.000

Botswana 40.000

Benin 11.000

Public Sector project loans approved in 2009 – geographical and sectoral distribution (in millions of dollars)

Water supply and sewerage

Agriculture and agro-industryEducation

EnergyHealthMulti-sectoralTransportation

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Approved: October 9, 2009Executing agency: Ministry of Works and TransportCo-financiers: World Bank, Government of BotswanaLoan administrator: OFIDTotal cost: $331.7 million

Roads represent the predominant mode of transportin landlocked Botswana; however, only around6,000 km of the 19,000 km network is paved. In orderto increase the efficiency of the transport sector, thisproject will carry out works in the capital Gaboroneand the Southern District. A pilot scheme will reha-bilitate and upgrade around 827 km of rural and semi-urban roads in the Southern District, while inGaborone intersections will be widened, a multi-levelintersection built and road markings and signsinstalled. The project also contains a pre-investmentand capacity-building component that will introducestrategic planning and transport integration methods,as well as knowledge strengthening and sharing.

Burundi

Sector: TransportationProject: Ntamba–Ndora RoadAmount: $8 millionTerms: Interest rate of 1% per annum; 20-yearmaturity, including a 5-year grace periodApproved: December 19, 2009Executing agency: Ministry of Public Works andEquipmentCo-financiers: BADEA, Government of BurundiLoan administrator: BADEATotal cost: $17.07 million

Burundi is a landlocked country located far away fromseaports and is emerging from a long period of politi-cal instability that led to the destruction and neglect ofimportant infrastructure, particularly roads. This pro-ject will construct a 14.5 km-long paved stretch ofroad through the Bubanza and Cibitole Provinces inthe northwest, which experience some of the highestpoverty levels in the country. Also planned is thebuilding of two bridges and the installation of drainagefacilities. The improved road will bring a host of ben-efits to the beneficiary population, including enhancedaccess to basic services and helping end isolation, aswell as facilitating the return of refugees and internallydisplaced people. The project is also expected to givenew impetus to developing agriculture in the area.

Cameroon

Sector: HealthProject: Sangmelima District Hospital Phase IIAmount: $8.6 million

Terms: Interest rate of 1.75% per annum; 20-yearmaturity, including a 5-year grace periodApproved: March 11, 2009Executing agency: Ministry of Public HealthCo-financier: Government of CameroonLoan administrator: OFIDTotal cost: $9.562 million

In 2004, OFID and Cameroon signed a $6.7 millionloan agreement for Phase I of a project to construct a100-bed referral hospital in Sangmelima town. Thefacility is now nearing completion. Phase II will pur-chase medical equipment and furniture and provide aninitial stock of essential drugs for the hospital’s firstyear of operation. It will also include a training com-ponent for medical, para-medical and technical staffthat will cover areas such as health resources manage-ment, healthcare delivery and the dissemination ofhealth-related information to local communities. Alsoenvisaged is the construction of housing for physicians.

Congo, DR

Sector: EducationProject: Rehabilitation of Primary SchoolsAmount: $5 millionTerms: Interest rate of 1% per annum; 20-yearmaturity, including a 5-year grace periodApproved: March 11, 2009Executing agency: Ministry of Primary, Secondaryand Vocational Education, through its SchoolInfrastructure DirectorateCo-financiers: BADEA, Government of DR CongoLoan administrator: BADEATotal cost: $12 million

Years of civil conflict and inadequate investment inthe education sector have taken their toll on theeducation system of DR Congo. Enrolment ratesare low, and there is a lack of qualified teachers. Asoutlined in its national recovery plan, Government isseeking to achieve universal primary education andplans to rehabilitate 5,200 primary schools that havefallen into disrepair. Within this framework, the pro-ject will rehabilitate 16 primary schools located inthe Kinshasa, Bandundu, Equateur, Maniema andOrientale Provinces, where poverty levels are high.The refurbished schools will be fully supplied withequipment, furniture and basic educational materials.It is anticipated that an estimated total of 12,100children will be enrolled each year at the schools.

Egypt

Sector: Multi-sectoralProject: Social Fund for Development

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Amount: $25 millionTerms: Interest rate of 3.2% per annum; 20-yearmaturity, including a 5-year grace periodApproved: June 17, 2009Executing agency: Social Fund for Development(SFD)Co-financiers: Abu Dhabi Fund,AfDB,Arab Fund,IFAD, IsDB, Japan International Cooperation Agency,Kuwait Fund, Saudi Fund,World Bank, Government ofEgyptLoan administrator: OFIDTotal cost: $1.6 billion

SFD programs have made significant inroads inreducing poverty, boosting self-employment oppor-tunities and enhancing incomes in Egypt. Some of theprimary goals of the present project are to improvelivelihoods for some 14,000 families, help empowerwomen, increase access to financing in rural areas,and help existing businesses grow and diversify theiractivities. One half of OFID’s loan will be allocatedto providing financing, technical assistance and train-ing to micro- and small enterprises (MSEs) through aSmall Enterprise Development Organization. Theremaining $12.5 million will go to NGOs and micro-

finance institutions for on-lending to target groups,such as low-income families, entrepreneurs, smallfarmers and unemployed youth, as well as victims ofnatural disasters.

Ethiopia

Sector: TransportationProject: Nekemte–Bedelle RoadAmount: $15 millionTerms: Interest rate of 1% per annum; 20-yearmaturity, including a 5-year grace periodApproved: June 17, 2009Executing agency: Ethiopian Roads AuthorityCo-financiers: BADEA, Kuwait Fund, Governmentof EthiopiaLoan administrator: BADEATotal cost: $56 million

Ethiopia’s 42,429 km-long road network representsthe country’s primary mode of transport. Road den-sity, however, is one of the lowest in Africa, and themajority of the network is unpaved and in poor con-dition. As a result, vast parts of the country remainisolated. OFID’s co-financing will be used to asphalt

A $25 million loan to Egypt’s Social Fund for Development will be used to help small farmers and other micro-entrepreneurs grow and diversify their activities.Photo: Robert Harding Picture Library Ltd/Alamy

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the 96 km-long Nekemte–Bedelle Road, which wasconstructed more than two decades ago. The stretchis of particular importance as it reduces travel time forvehicles coming from the North and the capital AddisAbaba to the Southwest of the country and neighbor-ing Sudan. On completion, the improved road willease access to social services and improve food secu-rity through the facilitated transport of inputs andproduce.

Gambia,The

Sector: TransportationProject: Banjul Airport Rehabilitation Phase IIAmount: $8 millionTerms: Interest rate of 1% per annum;20-year maturity, including a 5-year grace periodApproved: March 11, 2009Executing agency: Gambian Civil AviationAuthorityCo-financiers: Kuwait Fund, Saudi Fund,Government of The GambiaLoan administrator: Kuwait FundTotal cost: $34.895 million

Banjul International Airport is The Gambia’s only air-port and plays a vital role in the tourism sector, whichis an important revenue generator. Passenger andfreight travel have soared over the years, and infra-structure is in urgent need of rehabilitation. Phase Icarried out repair and construction works, althoughmore is necessary to meet present and future travelneeds. Phase II will increase the airport’s concrete taxiareas to accommodate additional aircraft. Two newcorridors that link to the expanded taxiway will alsobe built. In addition, the project will construct a newfire and rescue station, rehabilitate arrival and depar-ture terminals, and upgrade a control tower. Finally,lighting will be installed in the taxi area and corridorsto improve safety.

Kenya

Sector: TransportationProject: Dundori–Olkalou–Njabini Road(supplementary loan)Amount: $10 millionTerms: Interest rate of 1.5% per annum;20-year maturity, including a 5-year grace periodApproved: December 19, 2009Executing agency: Ministry of RoadsCo-financier: Government of KenyaLoan administrator: BADEATotal cost: $23.79 million

In 2006, OFID approved a $10 million loan to upgradethe 100 km-long earth-surfaced Dundori–Olkalou–Njabini Road. Although more than three-quarters ofthe construction works have been completed, costoverruns have occurred as a result of escalatingprices for construction materials and fuel. The pre-sent loan will help cover this gap and enable the pro-ject to achieve its original goals; namely, to help boosttourism and provide another link to Nairobi’s inter-national airport and the port city of Mombasa. Thiswill, in turn, help facilitate the export of local produceand offer better job prospects and improved accessto social services for the area’s 500,000-strong popu-lation.

Madagascar

Sector: TransportationProject: Bekoratsaka–Boriziny (RN6) RoadRehabilitationAmount: $10 millionTerms: Interest rate of 1% per annum; 20-yearmaturity, including a 5-year grace periodApproved: March 11, 2009Executing agency: Directorate of Roads under theaegis of the Ministry of Public WorksCo-financiers: Kuwait Fund, Government ofMadagascarLoan administrator: Kuwait FundTotal cost: $23.6 million

Madagascar’s road network, most of which is unpaved,is in poor condition as a result of inadequate mainte-nance and cyclone damage. One of the country’s mostcrucial links is the RN6, which connects NorthernMadagascar with the rest of the country. A portion ofthe RN6, the 94.7 km-long Bekoratsaka–BorizinyRoad, passes through areas endowed with enormousagricultural potential. The heavily-travelled earth roadhas degraded considerably, however, and is impassableduring the rainy season. The project will upgrade theroad to a bituminous, all-weather surface. Additionally,three provisional bridges will be replaced with perma-nent ones. On completion, the improved road willfacilitate the transport of outputs and livestock tomarkets, thereby boosting food security and house-hold incomes.

Malawi

Sector: EducationProject: Teacher Training CollegesAmount: $11 millionTerms: Interest rate of 1% per annum; 20-yearmaturity, including a 5-year grace periodApproved: October 9, 2009

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Executing agency: Ministry of Education, Scienceand TechnologyCo-financiers: BADEA, Saudi Fund, Government ofMalawiLoan administrator: BADEATotal cost: $34 million

Malawi’s education sector is facing a severe lack ofhuman resources, as reflected in the country’s lowenrollment and high dropout rates at primary schoollevel. This project will help address these shortfalls byconstructing three teacher training colleges: one inLivingstonia in the Rumphi District in the North;another in Mchinji in central Malawi; and one in theShire Valley District of Chikwawa in the South. Eachwill be appropriately equipped and furnished and havethe capacity to accommodate 1,000 trainees. Hostelsand housing units for students and instructors will alsobe built at each facility. On completion, the availabilityof more and better-trained teachers will help improvethe overall quality of education, and, in turn, reducedropout and repetition rates.

Mali

Sector: Multi-sectoralProject: Taoussa DamAmount: $8 million

Terms: Interest rate of 1% per annum;20-year maturity, including a 5-year grace periodApproved: June 17, 2009Executing agency: Taoussa Development AuthorityCo-financiers: Abu Dhabi Fund, BADEA, BOAD,ECOWAS Bank for Investment and Development,IsDB, Kuwait Fund, Saudi Fund,World Bank,Government of MaliLoan administrator: IsDBTotal cost: $208.53 million

Severe drought, coupled with rapid populationgrowth and increased urbanization, has jeopardizedfood security in Mali. In order to boost agriculturalproduction and provide a safe supply of potablewater, the project will build a dam in Taoussa, in theNorth of the country. The project area extends fromthe Central Delta region to the Niger border and ispopulated by around one million people, 70% ofwhom live under extremely impoverished circum-stances. Works will include construction of a damand reservoir with a storage capacity of more than1,460 km3. A 130-km paved access road linking thedam to the city of Gao will also be built. In addition,approximately 3,500 ha of cultivatable land will bedeveloped and schemes undertaken to help preventenvironmental degradation.

As well as providing water for irrigation purposes, the Taoussa Dam will guarantee a steady supply of clean water for around one million people in drought-stricken northern Mali.Photo:Andia/Alamy

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Morocco

Sector: TransportationProject: Rural Roads Rehabilitation andConstruction Phase IIAmount: $30 millionTerms: Interest rate of 3.4% per annum; 20-yearmaturity, including a 5-year grace periodApproved: December 19, 2009Executing agency: Caisse de Financement RoutierCo-financiers: AfDB, EIB, Kuwait Fund, JapaneseInternational Cooperation Agency, IBRD, EU,Governments of Italy and MoroccoLoan administrator: Arab FundTotal cost: $770.4 million

Many isolated rural households in Morocco lack adecent road connection to even the closest village,impeding access to jobs, marketplaces and socialservices. Roads in these areas are generally in sub-standard condition and inadequately maintained, and inturn become easily flooded during the rainy season,thereby cutting off villages for long periods of time.This project, the second phase of a larger programthat covers the entire country, will focus on the mostimpoverished rural villages in the Northeastern,Northwestern and Central regions of Morocco. Some554 sub-projects have been identified and entail therehabilitation and/or upgrading of 7,233 km of roadswith an all-weather surface. At least 800,000 peoplein the project area are expected to benefit from theprovision of reliable, year-round travel.

Mozambique

Sector: EnergyProject: Energy Development and Access ProgramAmount: $8 millionTerms: Interest rate of 1% per annum; 20-yearmaturity, including a 5-year grace periodApproved: June 17, 2009Executing agency: Ministry of EnergyCo-financiers: AfDB,World Bank, Government ofMozambiqueLoan administrator: OFIDTotal cost: $230 million

Although Mozambique’s total power-generatingcapacity is, in principle, adequate to meet its needs, ashortage of transmission lines and an insufficient dis-tribution network largely restrict electrical power tourban and peri-urban areas. This project aims at pro-viding underserved areas with an affordable, reliablesource of electricity. A pilot scheme in the capitalMaputo will test a lower voltage network for poten-tial use in other areas. The primary distribution net-

work will be rehabilitated and substations in Matolaand Chimoi upgraded. The distribution network inperi-urban sites at Matola, Nampula, Chimoi,Tete andPemba will be extended and customer connectionsadded. Another component will support the imple-mentation and/or scaling up of small- and medium-sized investments in renewable energy sources.Institution-strengthening and capacity-building mea-sures will also be carried out.

Rwanda

Sector: EnergyProject: Electricity Access Scale-upAmount: $10 millionTerms: Interest rate of 1% per annum; 20-yearmaturity, including a 5-year grace periodApproved: June 17, 2009Executing agency: Electrogaz, the Rwanda NationalEnergy and Water UtilityCo-financiers: IDA, Government of RwandaLoan administrator: OFIDTotal cost: $80 million

Only around 6% of urban households and 1% of ruralhomes in Rwanda have access to electricity from thegrid. This project will co-finance a grid intensificationprogram, focusing initially on the larger cities such asKigali, Kibuye and Ruhengeri. Support to Electrogazwill be provided to procure hardware, equipment andvehicles needed to improve maintenance services.Also planned is the extension of the existing nationalgrid to link previously-unconnected areas. A “GreenConnection” will offer less-expensive energy alterna-tives to low-income households. Additionally, inex-pensive “energy boards” will be made available to thepoorest households to reduce the need for internalwiring and enable families living in dwellings ineligibleto receive connections (such as thatched-roofhouses) to qualify for electrical power.

Senegal

1.Sector: TransportationProject: Linguère–Boulal Road (supplementary loan)Amount: $4.7 millionTerms: Interest rate of 1.5% per annum; 20-yearmaturity, including a 5-year grace periodApproved: June 17, 2009Executing agency: Autonomous Agency for RoadActivitiesCo-financiers: BADEA, Government of SenegalLoan administrator: BADEATotal cost: $16 million

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In 2003, OFID signed a $6.5 million loan agreementwith Senegal to reconstruct the gravel-surfaced,120 km-long Linguère–Boulal Road in NorthwesternSenegal. Meanwhile, a gap in financing has developeddue to a combination of the devalued dollar, anincrease in construction prices and modifications thatwere made to the original road design. With the firstphase of the project now well advanced, this supple-mentary loan will help finance the cost of the remain-ing works. The road is being reconstructed on an ele-vated embankment that is less prone to flooding, anddrainage ditches and culverts will be installed.

2.

Sector: AgricultureProject: Agricultural Value Chains SupportAmount: $9.1 millionTerms: Interest rate of 1.5% per annum; 20-yearmaturity, including a 5-year grace periodApproved: March 11, 2009Executing agency: PIU, under the aegis of theMinistry of AgricultureCo-financiers: IFAD, Government of Senegal,beneficiariesLoan administrator: IFADTotal cost: $30.9 million

Agriculture in Senegal is organized primarily intosmall, family-run farms that face a number of con-

straints, such as erratic rainfall, declining soil fertilityand poor access to inputs. This project aims atimproving the livelihoods and incomes of smallholderfarmers in the Kaolack, Diourbel and Fatick regions inthe Groundnut Basin area. This will be achieved byfacilitating their entry into new, profitable value chains,such as crop diversification and poultry-raising.OFID’s loan will co-finance a rural infrastructureimprovement component that will develop or rehabil-itate irrigation schemes owned or managed by pro-ducers’ organizations. It will also help finance the con-struction of community-level infrastructure to removeconstraints to value chain development/strengthening.Other works include rehabilitation of feeder roadsand the construction of dikes, small dams and reser-voirs.

Tanzania

1.Sector: Multi-sectoralProject: Poverty Reduction Phase IIAmount: $12 millionTerms: Interest rate of 1% per annum; 20-yearmaturity, including a 5-year grace periodApproved: October 9, 2009Executing agency: Tanzania Social Action Fund(TASAF)Co-financiers: Government of Tanzania, beneficiaries

Many remote villages in Morocco experience long periods of isolation during the rainy season because of the poor state of the roadnetwork.To address this, an OFID-sponsored project will upgrade over 7,000 km of the country's rural roads to all-weather standard,thus promoting socio-economic integration.Photo: Realimage/Alamy

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Loan administrator: OFIDTotal cost: $14.25 million

Phase II is the continuation of a nearly-completedproject which OFID co-financed with a $10 millionloan. Phase I supported the activities of TASAF, anautonomous government agency that implementssmall-scale, demand-driven, community developmentprojects among the rural poor in the Lindi andMtwara regions of Southeastern Tanzania. Phase II, incooperation with local communities, will carry out anadditional number of sub-projects in the sameregions. These will target areas such as agriculture,particularly animal husbandry; the provision of safedrinking water; and, health, through the constructionof 14 clinics and staff housing. Other sub-projects willbuild classrooms and student/teacher accommoda-tion. In addition, rural roads will be rehabilitated,along with foot bridges, culverts, irrigation schemesand small markets.

2.

Sector: Water Supply and SewerageProject: Same Water SupplyAmount: $12 millionTerms: Interest rate of 1% per annum; 20-yearmaturity, including a 5-year grace periodApproved: December 19, 2009Executing agency: Ministry of Water and IrrigationCo-financiers: BADEA, Government of TanzaniaLoan administrator: BADEATotal cost: $35.76 million

This loan will co-finance a project that aims at provid-ing improved water supplies and sanitation facilitiesfor people living in the Same, Mwanga and Korogwedistricts. This will be accomplished by building a wateruptake at the Nyumba ya Mungu Dam, together witha 400 km-long water distribution network. Alsoplanned are pumping stations and a water treatmentplant capable of processing 900 m3/hour, together with10 reservoirs. Water storage tanks in each district willalso be provided. On completion, the project will pro-vide the population with a steady supply of safe drink-ing water, thus reducing the risk of waterborne dis-eases. It will also generate a surplus for storage andfor use in smallholder subsistence agriculture.

Tunisia

Sector: EnergyProject: Natural Gas Distribution DevelopmentPhase II

Amount: $30 million*Terms: 17-year maturity, including a 3-year grace periodApproved: March 11, 2009Executing agency: Tunisian Electricity and GasCompanyCo-financier: Government of TunisiaLoan administrator: OFIDTotal cost: $35.54 million

In 2006, OFID extended a $20 million loan to Tunisiato co-finance construction of a natural gas pipeline inthe Southeast. The project is currently facing short-falls in financing, owing to substantial increases in theprice of construction materials and transport. Costoverruns also occurred after it was decided to provideextra connections, necessitating the lengthening of theentire pipeline from the originally-planned 211 km to250 km. The enhancements will boost the network’sdelivery capacity from 300 million m3 to 700 mil-lion m3 of fuel per year. The pipeline will pass throughthe industrial city of Gabes and continue southeast toZarzis city, and subsequently loop back to Jerba Island.

Uganda

Sector: EducationProject: Vocational EducationAmount: $22.95 millionTerms: Interest rate of 1% per annum;20-year maturity, including a 5-year grace periodApproved: December 19, 2009Executing agency: Ministry of Education and SportsCo-financier: Government of UgandaLoan administrator: OFIDTotal cost: $25.5 million

The demand for skilled manpower by the industry,agriculture and commerce sectors has far exceededthe number of graduates from Ugandan technical andvocational institutions. To close this gap, Governmentis seeking to expand access to specialized training.This project will thus construct nine technical institu-tions in districts where such facilities currently do notexist. Each school will contain workshops, libraries,dormitories and sports facilities, and be fully furnishedand equipped with teaching materials, supplies, toolsand other items. Housing will also be built for staff.Curricula offered will be formulated according to theskills’ requirements of the local communities/districts.Capacity-building and institution-strengthening mea-sures will also be carried out.

* This loan is drawn from the Blend Facility

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Zambia

Sector: HealthProject: Cancer Diseases Hospital Phase IIAmount: $6 millionTerms: Interest rate of 1.5% per annum; 20-yearmaturity, including a 5-year grace periodApproved: March 11, 2009Executing agency: Ministry of HealthCo-financiers: IAEA, Government of ZambiaLoan administrator: OFIDTotal cost: $9.55 million

In 2002, OFID extended a $5.6 million loan to financeconstruction of the Zambia Cancer Diseases Hospital(CDH) on the premises of the University TeachingHospital in the capital Lusaka. Completed in 2006,the CDH has been so successful that it is now strug-gling to accommodate the surge in caseloads. PhaseII will build additional infrastructure, including six in-patient wards, new treatment wards and patient hos-tels. Addition radiotherapy and other medical equip-ment will also be purchased. Another component willprovide training for an extra 40 specialists to meetthe present and forecasted patient loads. On com-pletion, the enhanced facility will be able to continueproviding quality and affordable cancer care to thepopulation.

Expansion works on a natural gas pipeline in Tunisia will more than double the network’s capacity from 300 million m3 to700 million m3 of fuel per year.Photo: Jim Parkin/Shutterstock

Although many African countries have madeprogress towards attaining the Millennium

Development Goals, the overall health profile acrossthe continent remains disappointing, as reflected inthe World Health Statistics 2009 Report published bythe World Health Organization. The Africa region hasthe highest maternal/child mortality and the largestnumber of HIV/AIDS cases in the world. Preventablediseases remain a leading cause of death, and malariaand tuberculosis continue to take a high toll on thepopulation. On average, only two physicians and11 nursing and midwifery personnel are available per10,000 people, and in remote, rural areas, individualsmay have to travel several hours to the nearest healthpost.

As long as healthcare coverage remains out of reachfor so many, there is little chance of health indicatorson the continent improving. Fortunately, develop-ment organizations, governments and NGOs, as well

as a host of private donors, are working vigorously toturn the situation around. Among them OFID, whichin recent years has stepped up the delivery of con-cessional funding to bolster the health sector in someof Africa’s neediest countries.

For instance, to cite only a few examples, in 2002OFID provided financing to Zambia to cover themajority of the costs to build a Cancer DiseaseHospital in Lusaka. The hospital, which was com-pleted in early 2006, has since grown so much instature that the Zambian Government requested asecond OFID loan to build additional wards, as well ashostels for low-income patients requiring long-termtreatment. OFID was also the primary financier of aproject to provide a 100-bed hospital in Sangmelimatown, Cameroon, where the institution is also co-funding Phase II which covers the purchase of medicalequipment, furniture and drugs. Outrights grants,meanwhile, amounting to tens of millions of dollars,

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Boosting healthcare in Kenya

OFID co-finances expansion of Kenyatta National Hospital

Photo: OFID/Syahrul Luddin

have been extended to provide HIV/AIDS prevention,treatment and support; to enhance rehabilitation ser-vices; to help fund vaccination campaigns; and toupgrade medical training facilities in various parts ofthe continent.

In February 2009, OFID and the Republic of Kenyasigned a $8 million loan agreement to help constructa Pediatric Center and a Burns Management Center atthe Kenyatta National Hospital (KNH) in Nairobi.Kenyans are proud of the KNH – and for good reason.When established in 1901, the KNH had a modest 40-bed capacity. Today, it boasts 1,800 beds, 50 wards,22 out-patient clinics, 24 operating theaters, 16 ofwhich are equipped to carry out specialized proce-dures, and an Accident and Emergency Department.Occupying a 45.7 hectare site, the KNH is the leadingreferral and teaching hospital in Kenya, and the secondlargest hospital in Africa. The complex also houses theCollege of Health Sciences (University of Nairobi); theKenya Medical Training College and the Kenya MedicalResearch Institute and National Laboratory Service(Ministry of Health). On average, the hospital treatsover 80,000 in-patients and more than 500,000 out-patients each year.

Since Kenya declared independence in 1963, Nairobi’spopulation has mushroomed from around 300,000 to

some three million people. The capital is now themost heavily-populated city in East Africa, and theKNH is grappling with the challenge to keep pace withthe growing demand for comprehensive medical care.This is becoming an even greater challenge as moreand more Kenyans flock to the KNH, because theirlocal hospital is unable to offer the same standard oftreatment. This influx has caused wards to becomeextremely congested and patients must contend withlong waiting times. Dr. Jotham N. Micheni, CEO of thehospital, explains the problem: “Now that we [KNH]are taking on the burden of primary, secondary andtertiary care, a considerable strain has been placed onour operating budget. In actuality, we should only betaking in-patients that are sent on referral; but ofcourse we cannot turn these people away.”

In Kenya, as in much of the developing world, themajority of individuals requiring medical treatmentcannot afford to pay for their care. According to theWorld Bank, an estimated 16.7 million out of thecountry’s 35.5 million-strong population are classifiedas poor, the majority of them living in rural areas.

Patient care at the KNH is highly subsidized by theKenyan Ministry of Health, meaning than low-incomepatients can receive high-quality services at little orno expense. The hospital’s operational costs are also

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Nairobi’s Kenyatta National Hospital is undergoing a second expansion phase to help accommodate the rapidly growing demand onits services.With co-financing from OFID, new centers are being built for pediatric care and burns management.Photo: OFID/Syahrul Luddin

partially offset by funds received from fee-payingpatients, as well as revenue generated from a privatewing that offers single and VIP rooms and other spe-cialized services. The KNH also relies on develop-ment financing: “Since so many patients are unable topay for their care, we don’t have the capacity to growusing our own funds. This calls for us to think beyondgovernment funding and engage in discussions withpartners, such as OFID, and develop mutually benefi-cial relationships,” says Dr. Micheni.

The KNH undertook its first expansion operation in2005, after it became clear that some areas requiredupgrading and equipment needed to be replaced. TheSpanish Government offered to co-finance a projectto establish and equip an Accident and Emergency

Department at the KNH. The additional space forcritical care helped ease the congestion in the otherwards and improved overall patient care.

More upgrading was needed on other wards, how-ever, as patient loads continued to climb. In 2007,therefore, the Kenyan Government approached OFIDand its sister institutions BADEA and the Saudi Fundto co-finance the construction of new facilities tohouse expanded centers for pediatrics and burnsmanagement. In December 2008, OFID’s GoverningBoard approved a concessional $8 million loan tohelp meet this aim, and in February 2009, the loanagreement was signed. Proceeds will be used to helpfinance civil works and the procurement of equip-ment and furniture for both centers.

KNH has the only specialized burns management cen-ter in Kenya. It was put to the test in early 2009,when a supermarket caught fire in downtown Nairobiand spread to adjacent buildings. Only a few dayslater an oil tanker exploded in Sachangwan in theMolo District, which resulted in numerous severeburn injuries. Scores of the wounded were subse-quently airlifted to the KNH to receive treatment.

Managing burns patients is a resource-intensive spe-cialty. Victims of burn trauma are generally admittedto an intensive care unit and require an extensivehospital stay. Round-the-clock care from specializedstaff is also needed; bedding and dressings must bechanged constantly, and the patient must receive infu-sions for fluid replacement, antibiotics and pain man-agement. An ultra-sterile environment must be main-tained as burn patients are highly susceptible to infec-tion. In many cases, multiple reconstructive surgeriesare necessary, as well as rehabilitation, particularly inthe case of limb amputation. It is thus clear why adedicated burns center increases patients’ chance ofsurvival and improves their recovery time signifi-cantly.

According to a pediatric trauma study conducted atthe KNH (East and Central African Journal of Surgery,Vol. 10, Number 2 – December 2005), burnsaccounted for almost 35 percent of the cases admit-ted to the hospital, the majority of them in childrenunder five years of age. It was with this in mind thatKNH’s Board of Directors decided to replace thepresent 18-bed burns management center, which hasbecome seriously overtaxed, with a new one thatoffers a full range of treatment protocol. “We wantedto make sure that both the Burns and PediatricCenters were accorded high priority, as one of ourkey aims is to strengthen the delivery of our special-ized services,” says Dr. Micheni.

KNH’s burns management center is the only specialized unit in the country and, with just 18 beds, is seriously overtaxed.The new 44-bed center will offer state-of-the-art care, givingpatients a better chance of a full recovery.Photo: OFID/Syahrul Luddin

OFID’s co-funding will be used to construct a four-story building – each floor having an area of 1,156 m2

– to serve as the new Burns Management Center. Thefacility will contain two gender-separate wards, eachwith 15 beds, as well as a 14-bed pediatric ward. Inaddition, an eight-bed Intensive Care Unit and HighDependency Unit (ICU/HDU) will be built and fittedout with the necessary monitoring equipment. Alsoplanned is an emergency center with a resuscitationroom and two operating theaters, as well as an out-patient clinic. Physiotherapy services will also be onoffer, as will hydrotherapy treatment, which facilitateshealing and is instrumental in preventing infection, theleading cause of morbidity and mortality among burnpatients.

Also planned is the construction of a second four-story building, the same size as the burns center, toreplace the existing pediatric unit. The present facil-ity is too small to accommodate the current patientload of some 300 cases per day, and is difficult toaccess during times of emergency. It is also inacces-sible to ambulances, which causes wards to becomevery congested, as available space must be utilized forboth routine and emergency cases. And, as the pre-sent facility lacks an operating theater, pediatric surg-eries are only allocated one day per week at KNH’smain theater. As a result, in-patient wards at the cen-ter have become even more overcrowded with pre-operative patients.

The new building will contain an ICU/HDU, twooperating theaters, an emergency wing with resusci-tation room, 24-bed wards, consultation rooms and aneonatal unit with 20 incubators. The PediatricCenter will also offer teaching and training facilitiesfor medical students from the University of Nairobiand the Kenya Medical Training Center.

With the tendering process already underway, con-struction works are slated for late 2010, with the aimto reach full completion by 2012. Once the new facil-ities are up and running, space will be freed up fromthe old centers to help alleviate overcrowding inother wards.

Says Dr.Micheni:“We are working hard to put togethera new vision and strategy for the Kenyatta NationalHospital, and we will continue to contribute to achiev-ing the MDGs; we have very good maternity care anda well-equipped neonatal unit, as well as one of themost comprehensive centers in terms of HIV/AIDStreatment and care. But no matter what decisions aremade, whether it be administrative or surgical, we willalways make them in the best interests of the patients.Indeed, our charter is to put the patient first.” ●

Waiting times are long in KNH’s existing pediatric facility, whichstruggles with a daily caseload of some 300 children. The new,four-story center will house dedicated operating theatres and anintensive care unit as well as a neonatal ward.Photo: OFID/Syahrul Luddin

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Azerbaijan

Sector: EnergyProject: Janub Power PlantAmount: $30 million (€20 million)*Terms: 15-year maturity, including a 2-year graceperiodApproved: December 19, 2009Executing agency: AzerEnergyCo-financiers: Abu Dhabi Fund, IsDB, Governmentof AzerbaijanLoan administrator: IsDBTotal cost: €637.35 million

The Shirvan gas power plant is situated approximately120 km southeast of Azerbaijan’s capital Baku. Built in1968, the facility is in very poor condition and oper-ates at a very low level of efficiency. As a result, thepopulation experiences frequent and long interrup-tions in service. In order to meet the country’s grow-ing needs for a reliable, affordable source of electricalpower, the project will replace the Shirvan facility witha new power plant in the city of Janub. The new gas-fired plant will be designed to generate 780 MW ofelectricity using highly-efficient combined cycle tech-

nology. Once commissioned, the new plant willreduce the consumption of natural gas substantiallyand also generate considerable savings in operationaland maintenance costs.

Cambodia

Sector: TransportationProject: Road Asset ManagementAmount: $7 millionTerms: Interest rate of 1.25% per annum;20-year maturity, including a 5-year grace periodApproved: March 11, 2009Executing agency: Ministry of Public Works andTransportCo-financiers: AsDB,AusAID, IDA, Government ofCambodiaLoan administrator: AsDBTotal cost: $65.35 million

Years of civil strife have led to the widespread andsevere deterioration of Cambodia’s road infrastruc-ture, the principle mode of transport for goods andpeople. A significant percentage of the network isclassified as being in poor condition, and highways that

2.Asia

* This loan is drawn from the Blend Facility

China 10.000 10.500

Public Sector project loans approved in 2009 – geographical and sectoral distribution (in millions of dollars)

Uzbekistan 12.730

Azerbaijan 30.000

Turkey 37.000

Tajikistan 13.000

Pakistan 31.100 6.000

Nepal 15.000

Philippines 30.000

Cambodia 7.000

Sri Lanka 16.000

Water supply and sewerage

Agriculture and agro-industry

EnergyHealthTransportation

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were recently rehabilitated are experiencing unex-pected failures and defects. The project will thereforerehabilitate and upgrade some 950 km of national andprovincial roads. In addition, capacity-building andinstitution-strengthening measures will be carried outto enable the Ministry of Public Works and Transportto manage the country’s road assets more effectively.On completion, the newly-renovated roads will pro-vide the population with swifter, less expensive traveland help open up access to income-generating oppor-tunities, markets and social services.

China

1.Sector: Water Supply and SewerageProject: Bosten Lake Basin RehabilitationAmount: $10.5 millionTerms: Interest rate of 3.3% per annum;20-year maturity, including a 5-year grace periodApproved: March 11, 2009Executing agency: Bayangol Prefectural LeadingGroup for Foreign Loan ProjectsCo-financiers: Kuwait Fund, Government of ChinaLoan administrator: Kuwait FundTotal cost: $101.3 million

Bosten Lake, the largest freshwater lake in China, issituated in the Xinjiang Uyghur Autonomous Region inthe Northwest, one of the country’s biggest reed-pro-ducing areas. Reeds are important to the country asthey are used in the production of paper and have theability to absorb salts and degrade pollutants found inwastewater. The improper use of irrigation water inthe region, however, is causing rising salinity levels. Theproject will therefore construct around 204 waterwells and an equal number of pumping stations in theYanqi Basin and install irrigation systems across some16,700 ha. Drainage systems will also be repaired andnew ones built and a reed wetland recovery programcarried out. In addition, the project will construct andequip an eco-environment monitoring and researchcenter together with four monitoring stations in theYanqi Basin.

2.

Sector: HealthProject: Gansu HealthcareAmount: $10 millionTerms: Interest rate of 3.3% per annum;20-year maturity, including a 5-year grace periodApproved: October 9, 2009

A major rehabilitation project in the area around China’s Bosten Lake will expand the amount of irrigated land and increase the availability of fresh water.Photo:TAO Images Limited/Alamy

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Executing agency: Coordination Group of theGansu Healthcare ProjectCo-financiers: Saudi Fund, Government of ChinaLoan administrator: Saudi FundTotal cost: $82.91 million

In order to alleviate chronic healthcare shortages andimprove health indicators in Gansu Province, this pro-ject will construct three multi-story hospitals in theprovince’s capital Lanzhou, which is home to around3.31 million people. The facilities will comprise aProvincial Traditional Chinese Medicine Hospital; aGansu Province Tumor Hospital; and, a GansuProvincial Maternal and Childcare Hospital. Together,the three facilities will contain approximately3,000 beds, nearly doubling the present count andincreasing patient capacity by 1.07 million. The con-struction of 27 modern operating rooms will allow foraround 30,000 operations annually. By making health-care services available locally, the project will do muchto improve the overall health of the population, whichpreviously had to seek medical care in neighboringprovinces.

Nepal

Sector: TransportationProject: Lumbini Connectivity and InfrastructureImprovementAmount: $15 millionTerms: Interest rate of 1% per annum;20-year maturity, including a 5-year grace periodApproved: June 17, 2009Executing agency: Ministry of Tourism and CivilAviationCo-financiers: AsDB, Government of NepalLoan administrator: AsDBTotal cost: $46.5 million

As most villages in the mountainous regions of land-locked Nepal are inaccessible by roads, the develop-ment of domestic and international airports is crucialto the growth of trade and tourism in the country.This project will upgrade Bhairahawa Airport to inter-national standards in order to improve tourist flow tothe Lumbini Heritage Site, a prominent UNESCOWorld Heritage Site located in the foothills of theHimalayas about 22 km from the airport. Works willentail the construction of a new runway and interna-tional terminal building, as well as a control tower.Modern communication and navigational equipmentwill also be installed. Also planned is the improvementof tourism infrastructure at the Lumbini Heritage Site,which should encourage an increased length of stayamong tourists.

Pakistan

1.Sector: EnergyProject: Neelum Jhelum Hydropower PlantAmount: $31.1 millionTerms: Interest rate of 1.75% per annum;20-year maturity, including a 5-year grace periodApproved: June 17, 2009Executing agency: Water and Power DevelopmentAuthorityCo-financiers: Abu Dhabi Fund, IsDB, Kuwait Fund,Saudi Fund, Government of PakistanLoan administrator: IsDBTotal cost: $1,646.32 million

Electricity consumption in Pakistan has risen consider-ably over the past five years. However, transmissionand distribution losses are high, leading to widespreadblackouts, and only 60% of the population is connectedto the national grid. In order to meet present andfuture demands, this project will construct a 969 MWhydropower plant in Muzaffarad District, which is situ-ated on the banks of the Jhelum and Neelum rivers inthe North. Activities will include construction of atunnel, a diversion and concrete gravity dam, and allrelated hydraulic and electro-mechanical works. Uponcompletion, the population will reap numerous bene-fits from the provision of a reliable and efficient sourceof power, which will also help encourage the develop-ment of local industries, thus improving the area’ssocio-economic development.

2.

Sector: Water Supply and SewerageProject: Promotion of Rain Water Harvesting in theEarthquake Affected AreasAmount: $6 millionTerms: Interest rate of 1.75% per annum;20-year maturity, including a 5-year grace periodApproved: March 11, 2009Executing agency: Earthquake Reconstruction andRehabilitation AuthorityCo-financiers: Government of Pakistan, beneficiariesLoan administrator: OFIDTotal cost: $7 million

The devastating earthquake that struck Pakistan inOctober 2005 wrought heavy damage on watersources in the Earthquake Affected Areas of the North-West Frontier Province (NWFP) and Azad JammuKashmir (AJK). The increased water requirements for

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reconstruction activities have depleted water sourceseven further, resulting in severe water scarcity.Government is thus promoting rainwater harvesting asthe most viable means of collecting water. The projectwill support this goal by providing 11,000 rainwaterharvesting units in 50 selected Union Councils in theNWFP and AJK. Additionally, 50 community waterponds will be built with a combined yield of 19.7 milliongallons of water annually. These catchment systems willprovide safe water to approximately 213,000 people.

Philippines

Sector: TransportationProject: Road Sector Institutional Development andInvestment Program

Amount: $30 millionTerms: Interest rate of 3.2% per annum;20-year maturity, including a 5-year grace periodApproved: October 9, 2009Executing agency: Department of Public Worksand Highways (DPWH)Co-financiers: AsDB, Government of the PhilippinesLoan administrator: AsDBTotal cost: $130 million

The road network is the dominant mode of transportin the Philippines; only around 20% of the 205,500 kmnetwork, however, is paved. This project represents thefirst phase of a government program to improveapproximately 1,840 km of national roads. Works will

A rainwater harvesting project in Pakistan’s North-West Frontier Province will benefit over 200,000 people who are still affected by the severe water shortages caused by the 2005 earthquake.Photo: imagebroker/Alamy

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include rehabilitation and reconstruction of some356 km of 10 such roads in three regions: Luzon Visayasand Mindaneo. Periodic maintenance will also be car-ried out to insure the improved stretches are kept inoptimal condition, and capacity building will be intro-duced at the DPWH. The enhanced network will helpcontribute to poverty reduction by lowering transportcosts and providing cheaper, more efficient travel.

Sri Lanka

Sector: AgricultureProject: Kalu Ganga DevelopmentAmount: $16 millionTerms: Interest rate of 3.2% per annum;20-year maturity, including a 5-year grace periodApproved: December 19, 2009Executing agency: Mahaweli Authority of Sri Lanka,under the Ministry of Agriculture Development andAgrarian ServicesCo-financiers: Kuwait Fund, Saudi Fund,Government of Sri LankaLoan administrator: OFIDTotal cost: $166.58 million

The irrigation sub-sector in Sri Lanka faces a numberof constraints, such as outdated equipment and lowproductivity. This project will construct a reservoirand irrigation infrastructure in Kalu Ganga, which islocated in the dry zone in central Sri Lanka. A maindam and two saddle dams will be built, and irrigationschemes installed to develop 2,070 ha of new land. Aresettlement scheme is also planned for approxi-mately 797 families. Some 16 km of new roads will bebuilt to replace roads that will be affected by the newreservoir. In addition to improving the population’saccess to irrigation and drinking water, the project willhelp reduce poverty as a result of the anticipated risein household incomes from increased yields.

Tajikistan

Sector: TransportationProject: Kulyab–Kalaikhum RoadAmount: $13 millionTerms: Interest rate of 1.25% per annum;20-year maturity, including a 5-year grace periodApproved: October 9, 2009Executing agency: Ministry of Transport andCommunicationsCo-financiers: Abu Dhabi Fund, IsDB, Kuwait Fund,Saudi Fund, Government of Tajikistan

Loan administrator: IsDBTotal cost: $92.9 million

Although much of Tajikistan’s 26,000 km-long road net-work is paved, the majority has exceeded its life spanand is severely deteriorated. This project will con-struct a 39 km highway from Shurabad to Shagon toreplace an existing stretch that becomes easily blockedby heavy snowfall and avalanches, cutting off access forat least two months of the year. The area also becomesimpassable in the warmer months due to frequentlandslides caused by snowmelt and rainfall. In additionto building the new all-weather road, preventativemeasures will be carried out to reduce erosion,improve the stability of slopes, protect against rock fallsand curb flooding by installing drainage works. Ninebridges will also be built. Road maintenance equipmentwill be procured to help insure year-round travel.

Turkey

Sector: TransportationProject: Ankara–Istanbul Railway UpgradingAmount: $37 million (€25 million)*Terms: 18-year maturity, including a 4-year grace periodApproved: October 9, 2009Executing agency: General Directorate of RailwaysCo-financiers: EIB, Governments of Spain and TurkeyLoan administrator: OFIDTotal cost: €654.96 million

The Istanbul–Ankara corridor is one of Turkey’s mostimportant economic zones, with a total population ofsome 32 million people. Some 12 million journeys aremade each year along the corridor, overtaxing bothroad and rail lines. This project, the first phase of abroader initiative, will construct a double-track,254 km-long high speed railway line between Sincanand Eskisehir-Inonu. Other works will build culverts,underpasses, crossings, bridges, viaducts and a 471 m-long tunnel. Four substations will be remodeled andoverhead lines installed, as will signaling and telecom-munications equipment. Rolling stock will also be pro-cured, as well as high-precision control and mainte-nance equipment. Once commissioned, the new rail-way line will offer passengers a less expensive, swiftermode of transport.

Uzbekistan

Sector: AgricultureProject: Rehabilitation of Irrigation Network andDrainage System in Djizzak and Sirdarya Regions

* This loan is drawn from the Blend Facility

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Amount: $12.73 millionTerms: Interest rate of 1.5% per annum;20-year maturity, including a 5-year grace periodApproved: March 11, 2009Executing agency: Ministry of Agriculture andWater ResourcesCo-financiers: IsDB, Kuwait Fund, Government ofUzbekistan,Loan administrator: IsDBTotal cost: $93.23 million

The Djizzak and Sirdarya regions in the Southeast ofUzbekistan are populated by around 1.7 million peo-ple, of which 1.2 million rely on agriculture for theirlivelihoods. Some 432,000 ha in the area are culti-vated using irrigated agriculture. Inadequate mainte-nance, however, has reduced the efficiency of the irri-gation network, resulting in saline conditions that havereduced soil fertility. Agricultural production has sub-sequently declined by almost one-third. The projectwill construct a pumping station and intake canal inDjizzak, and rebuild a 68.3 km-long drainage collector.In Sirdarya, extensive reconstruction works will becarried out on canals and drainage structures. Other

activities include providing farmers with inputs andtechnical training. Additionally, training will be offeredto farmers’ organizations and institutional supportextended to Water User Associations.

Harvesting grain in Southeastern Uzbekistan, where two-thirds of the rural population relies on agriculture for a living.An OFID-sponsored project will help boost yields by repairing and expanding the irrigation network.Photo: dbimages/Alamy

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For the indigenous farmers of Bolivia, life has justtaken a huge turn for the better. Previously iso-

lated from urban centers and with little means toimprove their earning power, these largely subsistencecommunities have been stuck in a poverty trap fordecades. Today, thanks to an intensive rural investmentproject co-financed by OFID and the World Bank,their future has never looked brighter.

Accounting for the majority of the country’s popula-tion, Bolivia’s indigenous peoples are predominantlyrural and over time have become increasingly mar-ginalized from mainstream society. While poverty inthe country as a whole decreased in the first fewyears of the new millennium, the gap between urbanand rural growth has widened, creating even deeperdisparities and perpetuating a vicious circle ofpoverty.

Government’s response to this situation was to launcha medium-term extreme poverty eradication pro-gram, with the combined aims of tackling inequalitiesand strengthening the social protection framework,while promoting traditional farming, which has longbeen the primary source of income among indigenouscommunities.

Conceived under the umbrella of this program, theOFID co-financed Participatory Rural Investment Projectfocused on a range of activities that would improverural infrastructure and build local capacities, with aview to increasing agricultural productivity andenhancing income-generating opportunities in the tar-geted areas.

OFID’s components kicked off in early 2006 and werecompleted in under three years. The project wasimplemented by the National Productive and SocialInvestment Fund (FPS) of Bolivia, an autonomous gov-ernment agency set up in November 2000. FPS spe-cializes in small-scale, community-level projects thattake a participatory approach to development. A keycomponent of its activities is the provision of inte-grated technical assistance and capacity building tolocal governments and communities.

The project targeted 57 municipalities scatteredacross Bolivia. The main focus areas were the con-struction of reservoirs and irrigation schemes to helpboost agricultural production, together with accessroads and bridges to provide better links to markets.Also built were micro-hydroelectric schemes and pro-duce storage facilities. In all, a total of 72 sub-projectswere successfully implemented.

The new infrastructure has already made a hugeimpact. With increased yields and improved marketingchannels, many small-scale farmers are slowly movingaway from the subsistence lifestyle that has dominatedfor generations. And with the money made from sell-ing their excess produce, they are able to buy basichousehold necessities and enjoy a far better quality oflife. Most importantly, the indigenous communities areno longer so isolated from the rest of society, as thenew investments provide enhanced access to healthand other social services, as well as to schools andjobs. In a wider context, the economic integration ofrural areas and development of the agriculture sectorcan only bode well for Bolivia’s future economicgrowth.

Much of the project’s success can be attributed to itsparticipatory nature, whereby local governments andcommunities were encouraged to play an active role inidentifying and implementing the projects, includingtheir financial management. Such an approach ensureda tailored response to the individual needs and prior-ities of each community, and increased the skills setand knowledge of the peasants as well as the capacityof local governments to take a lead role in the socialand economic development of their constituencies. Itis this sense of ownership that will help make theinvestments sustainable.

Indeed, capacity-building was a core component ofeach and every sub-project. FPS worked closely withall stakeholders: with local governments to engagethem in every step of the project cycle; and with thefarmers themselves to transfer knowledge about mat-ters such as the sustainable management of land andwater resources. Among the latter group, women

An end to isolation for Bolivia’s

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received particularly strong attention because of thecentral role they play as heads of household. InBolivia, as in other Latin American countries, womenare very influential, not just within the family, but asadvocates and decision-makers in the wider commu-nity. Harnessing this influence is, therefore, crucial.

Also contributing to the overall success of the projectwas the high level of professionalism and capacitydemonstrated by FPS in its role as executing agency.OFID is so pleased with this partnership that a follow-up project is already in the pipeline. The new project,which was approved in June 2009, will carry out an

estimated 200 demand-driven, community-based, sub-projects in 35 municipalities in the impoverisheddepartments of Cochabamba, Potosi and Pando. Theproject will be implemented within the context ofBolivia’s Plan Vida, an eight-year strategy to tackleextreme poverty. Drawing on the achievements of itsforerunner, expectations are high that the project willtransform yet more lives among the indigenous peo-ples of Bolivia. ●

Through a series of small-scale projects involving the construction of reservoirs, irrigation networks and other vital rural infrastructure,Bolivia’s peasant farmers are reaping better harvests and enjoying an improved quality of life.Photos:Alberto Conti/IFAD

BoliviaSector: Multi-sectoralProject: Extreme Poverty Eradication Program PlanVidaAmount: $10 millionTerms: Interest rate of 1.75% per annum; 20-yearmaturity, including a 5-year grace periodApproved: June 17, 2009Executing agency: National Social and ProductiveFund of Bolivia, under the coordination of theMinistry of Development PlanningCo-financiers: Government of Bolivia, beneficiariesLoan administrator: OFIDTotal cost: $11.5 million

Bolivia’s Plan Vida is being implemented between2009 and 2017 in seven phases covering different

geographical regions. The OFID-sponsored projectwill be carried out in 35 municipalities in theCochabamba Potosi and Pando municipalities, wherepoverty is most severe. Its aim is to improve theaccessibility and delivery of social and economic ser-vices and undertake capacity-building among commu-nities and local stakeholders. An estimated200 demand-driven, community-based, sub-projectsare envisaged. These will include, among others, theupgrading, rehabilitation and/or construction ofaccess roads, bridges, irrigation schemes and storagefacilities for crops. On completion, the project isexpected to benefit some 380,000 people living infood-deficit areas.

Cuba

Sector: Water Supply and SewerageProject: Las Tunas Province Water Supply SystemRehabilitationAmount: $17 millionTerms: Interest rate of 3.3% per annum; 20-yearmaturity, including a 5-year grace periodApproved: October 9, 2009Executing agency: National Institute of HydraulicResources of CubaCo-financier: Government of CubaLoan administrator: OFIDTotal cost: $45.72 million

As a result of an aging and under-maintained watersupply network, households in Cuba’s Las TunasProvince have access to drinking water for, at best,four hours per day. This project will rehabilitate thenetwork in Las Tunas City, the Puerto Padre-Delicias-Chapara region, and the municipality of Manati. Workswill include replacement of approximately 575 km ofpipes and the rehabilitation of wells, purification equip-ment and reservoirs. Pumping stations will berepaired and fitted with submersible water pumps. Sixwater tanks will also be constructed, and around75,000 water meters purchased for new householdconnections. Maintenance equipment will also be pro-cured. On completion, the revamped system will ben-efit at least 200,000 people through the provision of aconstant supply of safe drinking water.

Dominican Republic

Sector: EnergyProject: Electricity Distribution RehabilitationAmount: $30 millionTerms: Interest rate of 3.5% per annum; 20-yearmaturity, including a 5-year grace periodApproved: March 11, 2009Executing agency: Unit for Rural and SuburbanElectrification

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3. Latin America and the Caribbean

Public Sector project loans approved in 2009 –geographical and sectoral distribution (in millions of dollars)

Bolivia 10.000

Paraguay 29.000

Cuba 17.000Dominican Republic 30.000

Haiti 15.000Jamaica 10.000

Honduras 25.000

Water supply and sewerageEnergyMulti-sectoralTransportation

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Co-financiers: IBRD, IDB, Government of theDominican RepublicLoan administrator: IDBTotal cost: $152.1 million

Although the coverage of electrical services in theDominican Republic is relatively high, the delivery ofelectricity is unreliable owing to frequent power out-ages. This project seeks to address these shortfalls bycarrying out works in the Santiago,Cristóbal and SantaDomingo provinces, benefiting an estimated790,000 people. Activities will include the rehabilita-tion and upgrading of distribution networks; the instal-lation of meters; and the replacement of obsoleteequipment. A community outreach component is alsoenvisaged to establish trust and define clear rulesbetween communities and the electricity distributioncompanies. Funds will be provided for seminars andmeetings with local leaders, communities and institu-tions on a wide range of issues ranging from fraudreduction (relating to illegal electrical connections)and safety, to legal rights and energy conservation.

Haiti

Sector: EnergyProject: Péligre Hydroelectric Plant RehabilitationProgramAmount: $15 millionTerms: Interest rate of 1.25% per annum; 20-yearmaturity, including a 5-year grace periodApproved: March 11, 2009Executing agency: Ministry of Public Works,Transportation and Communications, through theElectricité d’HaitiCo-financiers: IDB, Government of Haiti

Loan administrator: IDBTotal cost: $40 million

Haiti’s Péligre Dam was built in 1956 to control thewaters of the Artibonite Valley and in 1971 was mod-ified to generate hydropower. Three 18 MW genera-tors were subsequently installed to supply electricityto the capital Port-au-Prince. The hydroelectric planthas now reached the end of its useful life, and one ofits units is non-functioning. As a result, average annualelectricity consumption has been reduced by approxi-mately one-half. This project will help address the sit-uation by rehabilitating the Péligre plant to bring allthree generators to full working capacity. The trans-mission system to Port-au-Prince will also be repaired.On completion, the project will improve living condi-tions among the beneficiary population, particularlyimpoverished families who will no longer need todivert household funds to purchase fuelwood andother types of energy.

Honduras

Sector: TransportationProject: Rehabilitation of the Agricultural Corridor RoadAmount: $25 millionTerms: Interest rate of 3.2% per annum;20-year maturity, including a 5-year grace periodApproved: June 17, 2009Executing agency: Secretariat of Public Works,Transport and HousingCo-financiers: IDB, Government of HondurasLoan administrator: IDBTotal cost: $77 million

An electricity project in the Dominican Republic will upgrade distribution systems and other obsolete equipment to improve the availability and regularity of power supplies.Photo: zdspics/Alamy

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Honduras’ Agricultural Corridor Road spans 232 kmfrom Telica in the North-central region to PuertoCastilla on the Atlantic Coast. The stretch links someof the most important agricultural production areas ofthe country; namely the Agalta and Guayape Valleyswith the Aguan Valley. The corridor is composed offour sections, two of which are already being rehabili-tated. OFID’s co-financing will support renovation ofthe two remaining portions: the 130 km Gualco–Bonito Oriental and the 50 km Bonito Oriental–Puerto Castilla. Bridges and drainage systems will alsobe repaired. In addition, the project will support atwo-year program, involving local micro-enterprisesowned by indigenous tribes, who will receive trainingin community-based road maintenance. At least1.2 million people are expected to benefit from theproject.

Jamaica

Sector: TransportationProject: Eastern Jamaica Rural Roads RehabilitationAmount: $10 millionTerms: Interest rate of 3.5% per annum;20-year maturity, including a 5-year grace periodApproved: December 19, 2009Executing agency: National Works AgencyCo-financiers: IDB, Government of JamaicaLoan administrator: IDBTotal cost: $30 million

This project aims to insure the durability and reliabil-ity of the rural road network in Jamaica’s Easternparishes of St. Mary, Portland, St. Andrew andSt.Thomas in order to help foster the development ofimportant revenue-generating sectors in the area,especially agriculture and tourism. The parishes, whichare situated in mountainous areas that receive heavyrainfall throughout the year, experience frequent land-slides that render many areas impassable. This situa-

tion will be addressed through the rehabilitation of15 rural road sections and 150 retaining walls, cover-ing a total of some 406 km. The improved roads andstabilized slopes will benefit over 100 farming com-munities comprising some 845,000 people, makingtravel safer and more efficient.

Paraguay

Sector: TransportationProject: National Rural Roads Program Stage IIPhase IIAmount: $29 millionTerms: Interest rate of 3.2% per annum;20-year maturity, including a 5-year grace periodApproved: June 17, 2009Executing agency: Ministry of Public Works andCommunicationsCo-financiers: IDB, Japan International CooperationAgency Bank, Government of ParaguayLoan administrator: IDBTotal cost: $170 million

Landlocked Paraguay relies heavily on its road networkto facilitate the transport of goods, especially agricul-tural products which make up the bulk of exports. Outof the country’s 60,100 km of roads, however, only afraction is paved. The project will rehabilitate approxi-mately 2,100 km of rural roads in the departments ofAlto Paraná and Itaipú. Also planned is the replace-ment of bridges and the implementation of mainte-nance plans for up to 4,800 km of previously-rehabili-tated roads, including corrective maintenance ofaround 3,000 km of roads that are reaching the end oftheir operational lifetime. Approximately 500 urbanstretches that link to communities in the project areawill receive a gravel surface. Institutional strengtheningof the country’s Rural Road Directorate and local gov-ernments will also take place.

An OFID-sponsored project in Paraguay will pave over 2,000 km of rural roads to support the transport of agricultural productswhich are a key export commodity.Photo: brianlatino/Alamy

Bosnia and HerzegovinaSector: AgricultureProject: Rural Livelihoods DevelopmentAmount: $6 millionTerms: Interest rate of 3.5% per annum; 20-yearmaturity, including a 5-year grace periodApproved: June 17, 2009Executing agency: Ministry of Agriculture,WaterManagement and Forestry

Co-financiers: IFAD, beneficiaries, participatingfinancial institutions, Government of Bosnia andHerzegovinaLoan administrator: IFADTotal cost: $25.65 million

This project replicates the activities of two earlierrural development projects in Bosnia andHerzegovina that were co-financed by OFID andIFAD and aimed at reviving the agriculture sector.Envisaged activities will place a strong emphasis onlocal government and private sector involvement andexpand support to producers’ associations, savingsand credit organizations and SMEs. Infrastructure willbe improved though the construction/rehabilitationof feeder roads, rural water supplies, electricity con-nections, rural markets, village-level cold storage facil-ities and drying sheds. Investments in these areas willbe demand-driven, based on requests from communi-ties, producers’ associations and other entities.Technical advice and business development serviceswill also be provided.

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The revival of Bosnia and Herzegovina’s ailing agriculture sector is the focus of a multifaceted project that encompasses activitiesranging from infrastructure improvement to rural credit schemes.Photo: Clive Shirley/Panos Pictures

Bosnia & Herzegovina 6.000

Public Sector project loans approved in 2009 –geographical and sectoral distribution (in millions of dollars)

Agriculture and agro-industry

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More than 60 African and South American (ASA)countries met in summit, September 24 and 25,

2009, on the Venezuelan island of Margarita in theCaribbean to discuss global power structures and,among other issues, cooperation in energy, finance,trade, regional security, agriculture and mining anddevelopment prospects. It was the second such sum-mit in three years aimed at helping foster closer col-laboration between the two regions. The earlier ASAsummit was in Abuja, Nigeria, in 2006.

A key objective of OFID, as spelled out in its mandate,is the advancement of South-South solidarity.

The assembled leaders in Margarita called for newlinks between the continents, including joint military,banking and mining efforts. Host leader PresidentHugo Chávez Frias of Venezuela suggested a unifiedmining company, an oil company, and a bank, as his col-leagues highlighted their own country resourceswhich they could individually contribute. The leadersalso supported a Special Fund to help strengthen thecapacity of developing countries to confront climate-related hardships.

Apart from President Chávez, other prominent lead-ers at the summit included President Luiz Inácio Lulada Silva of Brazil; President Cristina Fernández ofArgentina; Ecuadorean President Rafael Correa;Chilean President Michele Bachelet; AbdelazizBouteflika of Algeria; Robert Mugabe of Zimbabwe;Evo Morales of Bolivia; and Muammar El-Gaddafi ofLibya, who currently chairs the African Union.

A Declaration produced at the summit touched on awide variety of global issues. It urged reform at theUN Security Council; it proposed wider cooperationin education, technology, mining, agriculture andenergy; and argued against piracy, nuclear weapons andillegal arms trade. A chapter expressed renewed com-mitment to collaboration in the fight against povertyand asserted ASA desire for genuine development.The 95-point, 30-page Declaration also mentioned aneed to solve, in a peaceful way, any problem or dis-

pute that could endanger regional or global security. Aclause in the Declaration discussed culture, statingthat the leaders took note that the chewing of cocaleaves was a cultural tradition of the Bolivian people,and this should be respected by the international com-munity.

The Declaration, furthermore, reasserted the commit-ment of ASA leaders to intensify efforts to eradicatepoverty and hunger in the context of the MillenniumDevelopment Goals (MDGs). The Director-General ofthe Food and Agriculture Organisation of the UnitedNations (FAO), Jacques Diouf, who attended the sum-mit, remarked that for the first time in history, morethan one billion people in the world faced hunger.

Along with the Margarita Declaration, a number ofcountries signed bilateral agreements to boost orestablish trade and finance. Venezuela signed a mem-orandum of understanding with Sierra Leone to cre-ate a joint mining company. Venezuela will sign similaragreements with Mali, Mauritania, Niger and Namibiain the near future. Several other leaders spoke infavor of regional cooperation in the areas of food andagriculture.

On the sidelines of the summit, the presidents ofseven South American countries – Argentina, Bolivia,Brazil, Ecuador, Paraguay, Uruguay and Venezuela –signed a “foundation document” for a Bank of the Southor Banco del Sur, which is proposed to be endowedwith a total $20 billion as start-up capital.

Some key statements by the leaders at the summitwere widely disseminated:

• Colonel Gaddafi told his colleagues that,“for Africancountries, it is closer to visit our brothers in SouthAmerica; we share the same interests of liberationand revolutionary ideals.”

• Argentine President Fernández was quoted as sayingthat the growing cooperation between Africa andSouth America could give rise to a new model of

Venezuela hosts South-South Summit betweenLatin America and Africa

Leaders seek to advance closer cooperation

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collaboration that would include the transfer oftechnology and generate jobs.

• Brazil’s Lula da Silva said: “We have to construct anew alliance, discover opportunities and help our-selves mutually.”

• Ecuador’s Correa added that, for the first time ever,there were sufficient resources in the world to solvethe problem of hunger.

• President Chávez additionally underscored thepotential of the two regions which, together, holdone-quarter of the planet’s oil reserves. ThePresident told the summit that the 21st Century

“will not be a bi-polar or uni-polar world.” It will,instead,“be multi-polar.”

At the close of the summit,Venezuela offered facilitiesto house an ASA Summit Secretariat on MargaritaIsland. The leaders agreed to a follow-up mechanism,to be based on sector-related working groups. Thehigh-level groups will work out proposals to be pre-sented to an assembly of foreign ministers. The thirdASA summit will be in 2011 in Libya. ●

September’s South-South Summit in Venezuela attracted leaders from across Latin America and Africa for talks on a host of important global issues. A key resolution of the resulting Margarita Declaration urged renewed commitment to fighting poverty and hunger.Photos: 2009/MICHU/Embassy of Venezuela

P A R T T H R E E

Private Sector Operations in 2009*

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Djibouti

Recipient: Doraleh Container TerminalType of Instrument: LoanSector: InfrastructureAmount: $15 millionSigned: January 19, 2009

This project involves the construction of a new con-tainer terminal in Doraleh, near Djibouti Port, under a30-year concession agreement between theGovernment of Djibouti and Doraleh ContainerTerminal (DCT). To be implemented under a build,operate and transfer scheme, the project entails thereclamation of land together with the financing, design,construction, management, operation and maintenanceof Doraleh Port. A consortium of banks, includingDubai Islamic Bank, Standard Chartered Bank and WestLB, were mandated by Dubai Port World to arrange asenior debt facility for the construction of the terminal.The consortium invited the IsDB to become a memberand OFID is also participating. On completion, the pro-ject should contribute significantly to Djibouti’s eco-nomic development and will be an important source offoreign currency earnings for the country.

Ghana

1.Recipient: Meridian Port ServicesType of Instrument: LoanSector: InfrastructureAmount: $20 millionSigned: September 29, 2009

Meridian Port Services Ltd (MPS) was created for thesole purpose of managing a concession to develop astate-of-the-art container terminal at Ghana’s TemaPort as part of the port's vision of becoming a centreof excellence and the port of choice in West Africa.The concession agreement grants MPS the exclusiveright to stevedore any vessel carrying more than 50containers and to conduct all shore handling for aperiod of 20 years. Once operational, the new termi-nal will stimulate trade, which is the cornerstone ofGhana’s economic development, and help position thecountry as a regional hub for international trade andinvestment.

2.

Recipient: Zain CommunicationsType of Instrument: LoanSector: TelecommunicationsAmount: $15 millionSigned: June 25, 2009

In 2009, Zain Communications (Ghana) Limitedlaunched commercial services in Ghana with the intro-duction of a 3.5G network,which is rapidly being rolledout across the country.The network offers high-speedInternet access and, for the first time in Ghana, thepossibility to make video-calls and use multimedia con-tent. By enhancing competition, lowering tariffs and

improving the overall quality of cellular services, thisproject will improve the availability of reliable andaffordable communications for domestic and businessconsumers. It will also make available high quality jobs,while creating employment opportunities in adjacentsectors, such as network construction and mainte-nance and mobile supplier/distribution.

1.Africa

* Includes only those operations for which an agreement was signed in 2009.

A new ultra high-speed Internet network in Ghana will greatly improve communications’ possibilities, especially in the commercial sector, which is expected to enjoy increased competitiveness.Photo:Andy Aitchison/Corbis

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Mauritius

Recipient: Blue Financial ServicesType of Instrument: LoanSector: FinancialAmount: $15 millionSigned: May 8, 2009Founded in 2001, Blue Financial Services (BFS) is afinancial services organization with operations (sub-sidiaries) in 12 Sub-Saharan Africa countries. BFS spe-cializes in the provision of financial products to low-income segments of the African economy. Productsinclude personal loans, education loans, micro-enter-prise and SME loans, home improvement loans andmicro-insurance products. OFID’s credit line will formpart of BFS’s funding expansion program that is beingfinanced alongside lines of credit from other develop-ment finance institutions including the IFC, FMO, theOverseas Private Investment Corporation andStandard Chartered Bank. Given the operationalfocus of BFS, the lending undertaken will assist in theexpansion of private sector development and employ-ment generation, as well as general economic growthacross Sub-Saharan Africa.

Tunisia

Recipient: TIFERTType of Instrument: LoanSector: IndustryAmount: $30 millionSigned: August 12, 2009

Tunisia holds one of the largest shares of total worldphosphate rock mineral reserves and is one of thelargest producers of raw phosphate. Tunisian-IndianFertilizers S.A. (TIFERT) is a joint venture betweenTunisian partners involved in the production of phos-phate and phosphoric acid and Indian companiesengaged in the production and sale of fertilizers usingphosphoric acid as an input.The project concerns theconstruction of a new phosphoric acid productionfacility, which will use local phosphate rock as its mainraw material. Once operational, the facility will helpboost production of phosphoric acid and create fur-ther value-added for the mining industry. It will alsogenerate significant employment in a region wherethere are few industries and help consolidate thecountry’s economic decentralization program.

Loading freight wagons at a phosphate mine in Tunisia, which has one of the world’s largest reserves of phosphate rock. Theconstruction of a new phosphoric acid production plant is expected to create further value-added for the country’s mining industry.Photo: mediacolor's/Alamy

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Azerbaijan

1.Recipient: AzerigazbankType of Instrument: Line of CreditSector: FinancialAmount: $5 millionSigned: April 1, 2009

The purpose of the line of credit to Azerigazbank isto assist the bank in the development of its termlending program to small and medium-sized busi-nesses. Financing for small businesses is in relativelyscarce supply and the credit line will enable the bankto meet its clients’ longer-term financing needs.Azerigazbank is seeking to expand, offer new prod-ucts and make a larger contribution to the develop-ment of Azerbaijan.

2.

Recipient: Access BankType of Instrument: Line of CreditSector: FinancialAmount: $5 millionSigned: March 12, 2009

The microfinance sector is of major importance tosustaining the livelihoods of the urban and rural poorin Azerbaijan.As such, it is considered to hold consid-erable promise in terms of employment creation andpoverty reduction. Access Bank (formerly theMicrofinance Bank of Azerbaijan) was created inOctober 2002. Its principal business activity is smalland micro-lending to individuals and legal entities.OFID’s financing will help strengthen the SME sector,which is the biggest source of domestic employmentoutside of the public sector, providing a livelihood forover three-quarters of the country’s workforce.

2.Asia

Like this seamstress, over three-quarters of the Azeri workforce earn a living within the SME sector. By helping to make more resources available for micro-financing in Azerbaijan, OFID’s lines of credit will contribute towards employment generation and poverty reduction.Photo:Access Bank

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Recipient: Airport International GroupType of Instrument: LoanSector: InfrastructureAmount: $15 millionSigned: January 19, 2010

The Government of Jordan has entered into a rehabil-itation, expansion and operation agreement with thespecial purpose project company Airport InternationalGroup (AIG) to undertake a phased expansion ofQueen Alia International Airport in Amman.The pro-ceeds of the financing will be used primarily for capi-tal expenditures to expand capacity and improve thequality of service at the airport. The project isexpected to contribute strongly to the overall eco-nomic development of Jordan, including employmentgeneration, increased foreign exchange earningsthrough additional tourism, and the further develop-ment of export markets.

Yemen

1.Recipient: Mukalla Iron and SteelType of Instrument: LoanSector: IndustryAmount: $16 millionSigned: June 23, 2009

Mukalla Iron & Steel (MISC) has been established tobuild and operate an integrated billets casting androlling mill unit for the manufacturing of finished steelre-bars and structures primarily used in the construc-tion of buildings for all purposes and the developmentof infrastructure facilities. The creation of MISC isimportant on several levels: it will ensure that a com-petitive market for steel products exists in Yemen; itwill generate over 680 direct jobs; and the availabilityof locally produced steel will reduce market depen-dency on imports of rolled steel products.

2.

Recipient: Aden SugarType of Instrument: LoanSector: IndustryAmount: $20 millionSigned: March 31, 2009

This loan to Aden Sugar will support the constructionof a sugar refinery plant in Yemen’s Aden Free Zone.The main objectives of the plant are to supply localmarkets with better quality sugar at affordable pricesand to export to neighboring Djibouti, Ethiopia,Eritrea and Somalia. The company will import rawsugar from abroad and produce refined white sugar.Developmentally, the project is considered to be alandmark investment project for the country.

A Royal Jordanian aircraft undergoing maintenance at Queen Alia International Airport.With the help of an OFID private sector loan, theairport is due to launch a rehabilitation and expansion program that will boost tourism and enable further development of export markets.Photo: Bill Lyons / Alamy

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Regional

Recipient: CIFIType of Instrument: Line of CreditSector: FinancialAmount: $15 millionSigned: August 25, 2009

Corporación Interamericana para el Financiamiento deInfraestructura, Sociedad Anónima (CIFI) was establishedin 2001 as a non-banking financial institution with theaim of providing financing to small and medium-sizedinfrastructure projects across Latin America and theCaribbean (LAC). CIFI’s vision is to become the lead-ing provider of such financing. The LAC regionrequires large injections of funds to achieve universalcoverage in water services, sanitation and electricityas well as substantial investment in urban transport,ports and airports.With OFID’s line of credit, CIFI willplay an important role in arranging and providingfinance to such projects.

Jamaica

Recipient: Development Bank of JamaicaType of Instrument: Line of CreditSector: FinancialAmount: $10 millionSigned: November 27, 2009

The Development Bank of Jamaica is dedicated tofacilitating investment in order to stimulate sustainablenational economic growth and development. Therationale for providing the line of credit is to helpdevelop business opportunities for the promotion ofsmall and medium-sized enterprises in Jamaica. Thecredit line will also allow the Bank to increase its lend-ing to approved financial intermediaries for on-lendingto local clients, thereby contributing to the develop-ment of local capital markets and advancing overalleconomic development.

3. Latin America and the Caribbean

The Peruvian Central Railway is one of many projects to benefit from financing provided by CIFI, a specialist financial institution witha unique focus on the small- and medium-sized infrastructure sector. A line of credit from OFID will allow CIFI to expand its activities.Photo: CIFI

P A R T F O U R

Grant Operations in 2009

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Austrian Red Cross (ARC)

Sector: SocialPurpose: To support a community developmentproject in NepalAmount: $450,000Approved: December 19, 2009Total cost: $525,000Co-financier: ARCImplementing agencies: ARC, Nepal Red CrossSociety, beneficiary communitiesGrant administrator: OFID

Since 1983, the ARC has been working in cooperationwith the Nepalese Red Cross Society to help reducepoverty in some of Nepal’s poorest areas. The presentscheme will continue this work by conducting adiverse range of activities in nine villages in the RukumDistrict. Actions will include the provision of healthand hygiene classes; the construction of sanitationfacilities; and, the rehabilitation of water supply sys-tems. Others will encompass the non-formal educa-tion sector, such as adult literacy classes and classesfor out-of-school children, as well as legal rightscourses. A community development program willinvolve self-help activities, including skills developmentand entrepreneur training. Capacity building and insti-tution strengthening is also planned among the localRed Cross and community organizations.

Carter Center

Sector: HealthPurpose: To co-finance a Guinea Worm eradicationinitiativeAmount: $500,000Approved: December 19, 2009Total cost: $80 millionCo-financiers: Bill and Melinda Gates Foundation,United Kingdom Department for InternationalDevelopment, Carter CenterImplementing agencies: Carter Center, Ministriesof Health in beneficiary countriesGrant administrator: OFID

This grant will help support an ongoing Guinea WormDisease (GWD) eradication program in six endemiccountries: Ethiopia, Ghana, Mali, Niger, Nigeria andSudan. GWD is a painful, debilitating disease which ispreventable if the right tools and information are pro-vided. The current program, which is in its final phase,aims at achieving full eradication of GWD by the endof 2012. Activities will involve the development andmaintenance of the surveillance, reporting andresponse capacities of national agencies in endemic

countries. This will be achieved through the provisionof technical and financial assistance, together withcapacity-building activities. The Carter Center isimplementing the program in cooperation with theWorld Health Organization.

Center of Arab Women for Training andResearch (CAWTAR)

Sector: SocialPurpose: To help alleviate poverty among women inthe Arab regionAmount: $500,000Approved: December 19, 2009Total cost: $877,000Co-financier: AGFUNDImplementing agency: CAWTARGrant administrator: OFID

This grant will support a project that aims at helpingimprove socio-economic conditions among womenin six Arab countries; namely,Algeria, Egypt, Maurita-nia, Jordan, Sudan and Yemen. The main thrust of theinitiative will be capacity-building among NGOs andgovernmental institutions which target the needs ofdisadvantaged women. Other components will seekto empower rural women by facilitating their accessto information relating to their rights and the ser-vices available to them. Activities also include con-ducting research and creating a database; provision oftraining courses; awareness schemes; and, the devel-opment of an appropriate management and monitor-ing system.

Consultative Group on InternationalAgricultural Research

Sector: AgriculturePurpose: To support agricultural researchAmount: $1.2 million (in four grants of $150,000and six grants of $100,000)Approved: June 17, 2009Grant administrator: OFID

These grants will help finance agricultural research ateight CGIAR-sponsored centers, whose commonobjective is to increase food production in developingcountries through research, training and technicalassistance to national and regional programs. Specifi-cally, the grants will support research projects at CIAT(International Center for Tropical Agriculture), CIM-MYT (International Maize and Wheat ImprovementCenter), CIP (International Potato Center), ICARDA(International Center for Research in the Dry Areas),ICRISAT (International Crops Research for the Semi-

1.Technical Assistance

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Arid Tropics), ILRI (International Livestock ResearchInstitute), IWMI (International Water ManagementInstitute) and the World Fish Center.

Foundation for the Social Promotion ofCulture (FPSC)

Sector: EducationPurpose:To expand a vocational training center in PeruAmount: $300,000Approved: March 11, 2009Total cost: $601,500Co-financier: FPSCImplementing agencies: FPSC, Condoray NGOGrant administrator: OFID

This grant will support an initiative of the FPSC and itsnational Peruvian implementing partner, the NGO Con-doray. Both organizations have cooperated in develop-ment projects aimed at improving the socio-economicconditions of low-income women in Cañete Province inPeru. In 2005, Condoray established a Center for Busi-ness Training for Women to provide vocational trainingin areas such as food processing; handicrafts and tex-tiles; and, baking and pastry-making. OFID’s grant willco-finance expansion of the Center through the addi-tion of classrooms and workshops, as well as the pur-chase of new equipment and furniture, with the view toaccommodate around 270 extra women.

Hilfswerk Austria International

Sector: AgriculturePurpose: To support a rural development scheme inNicaraguaAmount: $400,000

Approved: June 17, 2009Total cost: $1.876 millionCo-financiers: EC,Austrian Development AgencyImplementing agencies: Hilfswerk Austria Interna-tional/ Hilfswerk Austria, Nicaragua, Centro AgronómicoTropical de Investigación y EnseñanzaGrant administrator: OFID

This grant will support a rural development scheme inthe coastal zones of Lake Managua, Nicaragua. Theproject aims to improve the living conditions of farm-ing communities in the districts of Matere and Man-agua, where a large-scale depletion of naturalresources and soil degradation are having a deleteri-ous effect on the environment. To help curb this situ-ation, the project will reforest 300 ha of degraded for-est area; carry out capacity building among farmers innatural disaster mitigation measures; and constructwells. Works will be conducted in cooperation withthe Hilfswerk branch in Nicaragua and the TropicalAgricultural Research Center based in Costa Rica.

International Committee of the RedCross Special Fund for the Disabled

Sector: HealthPurpose: To support physical rehabilitation programAmount: $800,000Approved: October 9, 2009Total cost: $4.06 millionCo-financiers: Government of Austria, USAID(through its War Victims Fund)Implementing agencies: ICRC Special Fund forthe Disabled (ICRC/SFD), national rehabilitationcenters covered by the programGrant administrator: OFID

A grassroots community development project in Nepal will offer wide-ranging social and capacity-building support to help combat poverty in one of the country’s most underprivileged areas.Photo: Nepal Red Cross Society

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This grant will help support ICRC/SFD operations in15 SFD collaborative national centers in Eastern Africa(Ethiopia, Kenya, Madagascar, Malawi, Somalia,Tanzania,Zambia, Zimbabwe), as well as the SFD regional officein Addis Ababa, Ethiopia. The SFD will provide centerswith the equipment, tools and materials needed toenable them to fit amputees and other disabled indi-viduals with prostheses and orthoses. Specialists inthe regional office will help insure that an ample num-ber of devices are produced at each center and willtrain local counterparts to comply with internationallyrecognized standards in the production process. SFDwill continue to reimburse transport and accommo-dation costs as well as treatment fees for selectedlow-income individuals. At least 3,000 disabled peoplein the selected countries are expected to benefit fromthe scheme.

King Hussein Cancer Foundation

Sector: HealthPurpose: To help finance upgrading of radiologyequipmentAmount: $600,000Approved: October 9, 2009Total cost: $19.4 millionCo-financiers: King Hussein Cancer Foundation(KHCF)Implementing agencies: King Hussein CancerCenter (KHCC)Grant administrator: OFID

This grant will help finance the upgrading of radiologyequipment at the KHCC in Jordan. The KHCC, whichis the only specialized cancer center in the MiddleEast, is equipped to treat both adults and children. Thefacility needs to modernize its Interventional Radio-logy Suite through the acquisition of new equipmentthat would enable physicians to perform radiologicalprocedures with greater accuracy and in a timelier,more cost-effective manner. Project activities willinclude the construction/modification of the existingradiology building to accommodate the new equip-ment. Specialized imaging machines will be procuredthat will enable radiologists to carry out interventions,such as the insertion of catheters and stents, as well asbiopsies, without the need for invasive surgery.

Pan American Development Foundation(PADF)

Sector: Water Supply and SanitationPurpose: To improve access to water and sanitationservices in HaitiAmount: $1 million

Approved: June 17, 2009Total cost: $11.2 millionCo-financiers: PADF, Government of HaitiImplementing agencies: PADF, Ministry of Health,Ministry of InfrastructureGrant administrator: OFID

This grant will help fund a project aimed at improvingwater supply and sanitation services in Haiti. Follow-ing a review of the existing water supply and sanitationsector and the identification of areas for priorityattention, the project will construct/rehabilitate watersupply stations, household water connections andsmall-scale chlorination units. Also envisaged is theprovision of technical assistance and the developmentof pilot projects for alternative household technolo-gies to be proposed by participating households andcommunities. Capacity-building measures will also beimplemented among municipalities, community-basedorganizations and water management associations.

United Nations High Commissioner forRefugees

Sector: SocialPurpose: To help reintegrate Mauritanian refugeesAmount: $1 millionApproved: October 9, 2009Total cost: $8.98 millionCo-financiers: EC, Governments of Japan, Spain andthe United StatesImplementing agencies: UNHCR, Government ofMauritania’s Agency for the Reintegration ofReturneesGrant administrator: OFID

This grant will support an initiative of the UNHCR tofacilitate the safe return of Mauritanian refugees fromSenegal and Mali. UNHCR will provide returnees withsupport services and insure that they receive accessto basic social services such as education and health.Information and counseling about HIV/AIDS will alsobe provided, and around 3,000 families will receiveshelter construction kits. The total number of benefi-ciaries is estimated at 28,000 people, of which 25,000are returning from Senegal and 3,000 from Mali.

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Vo Thi Thu Thuan from Vietnam is a fit, healthy23 year-old, who excels in the sports of discus,

shot put and javelin. She also teaches embroidery andcraft classes. Thuan is just one example of someonewho, thanks to the work of the International Com-mittee of the Red Cross Special Fund for the Disabled(ICRC/SFD), lives a full and active life, despite signifi-cant physical challenges.

After losing her leg in a traffic accident when she was12 years-old,Thuan was fitted with a prosthetic limb.Now, thanks to ICRC/SFD support, she has overcomeher disability. So much so, that after embarking on atireless training programme at the Thong Nhat Sta-dium, Ho Chi Minh City, Thuan has won several goldand bronze medals in successive ASEAN Para Games,most recently in Malaysia in 2009. She is now prepar-ing for the London Paralympics in 2012, among othermajor events.

In June 2007, OFID provided a grant of $500,000 tothe ICRC/SFD, effectively giving thousands more likeThuan the chance to live a normal life, despite thechallenges they face. Operating from central hubs inEthiopia, Nicaragua and Vietnam, the ICRC/SFD aimsto increase access to – as well as the quality of – reha-bilitation services across low-income countries. It isthought that 80 percent of people with disabilities livein such countries, where the government and localinstitutions often don’t have the means to meet theirrehabilitation needs.

OFID’s grant supported the SFD’s Ho Chi Minh Reha-bilitation Center for the Disabled in Vietnam1, whichprovides support to 18 centers in four countries – 10across Vietnam, three in Bangladesh, three in Laos andtwo in India. The latter three countries continue toexperience ongoing challenges to development, andalthough Vietnam has been one of the shining stars interms of poverty reduction and economic growthduring the last decade or so, such rapid development

sometimes masks underlying problems. “It’s a typicalcase of a forgotten humanitarian situation,” says Pro-fessor Claude Le Coultre, Chairwoman of the Inter-national Federation of Red Cross/SFD Board. One ofOFID’s major strengths, she explains, is that it doesn’tjust support high profile, in-the-news causes. “OFIDalso takes into consideration situations that are not inthe headlines,” she says.

Explosive challengesThe long-term consequences of Vietnam’s past warscontinue to provide enormous challenges. The South-east Asia nation is one of the most heavily bombedcountries in the world – an estimated 350,000 to800,000 tonnes of unexploded ordnance, as well asaround three million landmines, are still scatteredacross the country. These devices kill and maim manyVietnamese people each year. A report2 has esti-mated that some 39,000 people were killed by land-mines or explosive remnants of war in Vietnambetween the years of 1975 and 2000, and at least66,000 people were injured. The devices also deprivecountless families of access to land and waterresources, and the risk of mine casualties is raised byVietnam’s rapid economic growth, which increasinglybrings the population closer to affected areas.

In Vietnam, the SFD focuses on improving the situa-tion of destitute people with physical disabilities,especially amputees. The rehabilitation centers pro-duce artificial extensions for the disabled (for victimsof road traffic accidents and urban violence, as well aslandmines), and OFID’s help has enabled them toincrease the quality and quantity of equipment pro-vided. The SFD aims to provide all disabled peoplewith access to prosthesis or orthoses, free or at a lowcost. It also gives them access to equipment such aswheelchairs, walking aids and crutches, as well asrehabilitation services, even helping people to travelto the centers, and, where necessary, stay for a fewdays.

To walk and work again

OFID grant supports rehabilitation center in Vietnam

1 The ICRC’s involvement in the programme ended in March 1995, when in conformity with its mandate, it closed its delegation in Vietnam. In April, the entireprogramme was taken over by the SFD.

2 Report issued in December 2000 by the Ministry of Labor, Invalids and Social Affairs (MoLISA).

All this is no small commitment, says Professor LeCoultre: “The rehab centres have to see all thesepatients over and over again because…the prosthesisneeds to be changed or there are some adaptations todo.” In other words, anyone who is physically disabledneeds lifelong access to rehabilitation services.

Back to lifeHelping people to become more mobile represents thefirst step towards an improved quality of life. It meansthey have better access to healthcare, education andjobs and it allows them to take part in the social andcultural life of their communities. Without this, peoplewith disabilities risk becoming increasingly isolated andunable to escape poverty. “In most of these countries,poor people just have no access [to rehabilitation ser-vices],” says Professor Le Coultre. “They stay at home,lying on the floor, and I have seen them not walking atall – in a very desperate way of life.”

But then, thanks to the SFD, there’s the otherextreme. Take 77 year-old Dang Kim Chi, for instance.

In 1974, at the age of 41, Chi had a mine accident,which cost him a leg. A truck driver with 10 childrento support at the time, things looked desperate. Butafter being fitted with a prosthetic limb severalmonths later, he was able to continue working.Although Chi’s disability eventually prevented himrenewing his own driver’s licence, he was able to teachone of his sons to drive and accompanied him on hisjourneys. As a result, he could support his family wellinto his sixties. Today, more than three decades afterhis accident, he still returns every few years to the HoChi Minh Rehabilitation Center for a new prosthesis.

OFID’s grant has also provided training and technicalsupport. For example, polypropylene technology (alow cost, easy to work with material that is verydurable) has been successfully introduced and is nowconsidered a national technology in Vietnam. Similarly,on-the-job training means that the project is sustain-able, since centres are run by local people. The SFDalso provides more formal scholarships of betweenthree and four years’ duration for local people to

Despite the challenges of living with a prosthetic limb, 23 year-old Vo Thi Thu Thuan lives a full and active life.As well as teaching embroidery and craft classes, she is an outstanding athlete and hopes to represent her country at the 2012 Paralympics.Photos: ICRC/SFD

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learn how to make ortheses and prostheses. SFDexpatriate technicians make regular visits across thecenters to monitor patients, carry out financialreporting procedures and update production statis-tics.

Long-term, the SFD aims to encourage the centers itsupports to become autonomous, says Professor LeCoultre: “We try to gradually decrease the support ifwe think they can begin to run by themselves, but it’sa very long and difficult procedure.” Despite the chal-lenges involved, the SFD has made impressive progressin Vietnam since receiving OFID’s support in 2007,contributing to the production of several thousandprostheses – a large number of which have been fittedto destitute amputees, free of charge – as well as pro-viding a similarly high number of mobility aids.

“OFID’s support makes a big difference,” says Profes-sor Le Coultre, simply. Over the full course of its rela-tionship with the SFD, many thousands more people –people who would otherwise perhaps never havewalked or worked again – have been given a secondchance in life. The vast majority, like paralympianmedal winner Vo Thi Thu Thuan, or 77 year-old truckdriver and father of 10 Dang Kim Chi, have graspedthis opportunity with vigour.

“Without my artificial leg, I would never be able to ful-fil my obligations as head of a family,” says Chi. ●

A chief goal of the SFD is to restore people’s independence and enable them to support themselves and their families.Photo: ICRC/SFD

Mining accident victim Dang Kim Chi has been treated regularly at the Ho Chi Minh Rehabilitation Center for over 30 years.Photo: ICRC/SFD

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Aga Khan Foundation (AKF)

Purpose: To support an education program inTajikistanAmount: $100,000Approved: June 17, 2009Total cost: $1.95 millionCo-financiers: EC, Government of Tajikistan,Government of the Gorno Badakhshan AutonomousOblas (GBAO)Implementing agency: AKFGrant administrator: OFID

This grant will help finance a program that aims atimproving the delivery and quality of education in theGBAO, one of the poorest regions in Tajikistan. Moun-tainous and remote, the GBAO has a low potential foragriculture, thus limiting income-generating opportuni-ties. Education is therefore deemed the primary meansof ensuring a decent future for the population. The pro-gram will carry out institution-strengthening and capac-ity-building measures to make education more partici-patory, efficient and effective. It will also implementinterventions designed to empower teachers, govern-ment officials and mentors to play a stronger role in theprovision of education.

Arab Center for the Studies of AridZones and Dry Lands (ACSAD)

Purpose: To support agricultural conferenceAmount: $10,000Approved: March 11, 2009Total cost: $64,750Co-financiers: Kuwait Institute for ScientificResearch, ICBAImplementing agency: ACSADGrant administrator: OFID

This grant supported an ACSAD-sponsored confer-ence entitled The Safe Use of Treated Wastewater inArab Agriculture, which held in May in Damascus, Syria.The gathering covered topics that included: the use oftreated wastewater in agriculture and its potentialenvironmental impact; soil and water sampling meth-ods; and, standards and criteria governing the uses oftreated wastewater in agricultural settings. The eventwas attended by around 350 experts and agriculturalspecialists from the Arab region and regional agricul-tural research centers.

2. Research and Similar Activities

School children listen to foreign language lessons in Dushanbe,Tajikistan. OFID is working with the Aga Khan Foundation to make education more participatory and effective in less privileged parts of the country.Photo: jeremy sutton-hibbert/Alamy

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Arab Forum for Environment andDevelopment (AFED)

Purpose: To support conference on climate changeAmount: $100,000Approved: August 17, 2009Total cost: $515,000Co-financiers: Abu Dhabi Environment Agency,Petrofac International, Kharafi National,AcademiaManagement Solutions InternationalImplementing agency: AFEDGrant administrator: OFID

This grant sponsored the 2nd Annual Conference ofAFED which held under the theme The Impact of Cli-mate Change on Arab Countries in Beirut, Lebanon,November 19–20. The event brought togetherapproximately 500 top Arab and international dele-gates, including 30 ministers of energy and environ-ment. The conference focused on climate change andwas aimed at developing a common Arab position onthe issue for the International Conference on ClimateChange (COP 15) that convened in December inCopenhagen, Denmark. At the Session,AFED formallyannounced the launch of its Arab Green Economy Initia-tive, developed in partnership with UNEP and variousregional institutions.

Arab Thought Foundation (ATF)

Purpose: To co-sponsor the 8th General ConferenceAmount: $100,000Approved: August 18, 2009Total cost: $2.5 millionCo-financiers: Aramco,Al Babtine Group,Al MurjanTrading, Kuwait Airlines, SabicImplementing agency: ATFGrant administrator: OFID

This grant co-sponsored the 8th ATF General Confer-ence, FIKR 8, which held on December 9–10 in theState of Kuwait. The Conference bore the theme Inte-grating the Arab Economy Partners for Prosperity andbrought together over 500 Arab and foreign leaders,business people, scientists and researchers. The mainobjectives of FIKR 8 included the discussion of devel-opment challenges faced by the Arab region andstrategies to overcome them. It also sought todevelop a platform to support the exchange of ideas,promote new ideas and initiatives, and foster moreactive participation by FIKR members and partners infuture activities. The Conference also aimed tostrengthen inter-Arab cooperation and cooperationbetween the Arab region and the rest of the worldthrough knowledge and experience sharing.

Bibliotheca Alexandrina (BA)

Purpose: To help finance production of Arabic TV programsAmount: $200,000Approved: June 4, 2009Total cost: $1.3 millionCo-financier: BAImplementing agency: BAGrant administrator: OFID

This grant will help fund the production of a series ofArabic TV programs covering scientific topics. The ini-tiative is being sponsored by the BA, a major library andcultural center established in Alexandria, Egypt in 2002.The series will include 40 programs grouped into 10parts and will cover a wide range of scientific subjects,relating to biology,environmental issues, climate change,energy, physics and engineering. The programs will tar-get a large regional and local audience in the Arab-speaking world, particularly students, young scientists,researchers and educators. Also planned at a later dateis the production of an English language series and thepublication of books to accompany the programs.

Center for World Food Studies

Purpose: To co-finance a scheme to help pastoralfarmers in EthiopiaAmount: $150,000Approved: November 23, 2009Total cost: $1.7 millionCo-financiers: Center for World Food Studies,Ethiopian Institute of Agricultural Research, Govern-ment of the NetherlandsImplementing agency: Center for World FoodStudiesGrant administrator: OFID

This grant will sponsor a project of the Center forWorld Food Studies that will implement a DecisionSupport Tool (DST) to assist policy-makers in theplanning of drought-coping strategies for pastoralistsocieties in the Awash Basin of Afar State, one of thepoorest regions in Ethiopia. The DST will focus onoptimizing the allocation and management of pumpingstations and the provision of price-weather insurancecontracts. It will also assess and analyze the influenceof climate variability on rangeland production, themigratory movements of herds and interactionsamong pastoralists and sedentary farmers. The result-ing data will provide valuable information relating totrade opportunities for livestock products, which willhelp the pastoralist society in Awash achieve self-sustainable economic development.

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Colombo Plan

Purpose: To co-finance professional developmentprogramAmount: $50,000Approved: June 4, 2009Total cost: $108,000Co-financier: Malaysia Technical Cooperation Pro-gramImplementing agency: Colombo PlanGrant administrator: OFID

This grant helped support the Colombo Plan Secre-tariat’s Professional Development Program for Sciencesand Mathematics Educators which was held from July29 to August 18 in Penang, Malaysia. The Programdirectly benefitted some 30 educators from 17 coun-tries, including 10 least-developed countries. TheColombo Plan is an inter-governmental organizationthat was established in 1951 as a cooperative venturefor economic and social advancement of the people ofSouth and Southeast Asia.

Comprehensive Nuclear-Test-Ban TreatyOrganization (CTBTO)

Purpose: To help finance participation of expertsfrom developing countries at a conferenceAmount: $100,000Approved: January 30, 2009Total cost: $205,000Co-financier: CTBTOImplementing agency: CTBTOGrant administrator: OFID

Many countries lack the financial resources to enabletheir experts to participate in international scientificand technical forums that could deliver a broad bene-fit, such as implementing an early warning system fornatural disasters. OFID’s grant helped finance theparticipation of nine experts from developing coun-tries at the 2009 Technical Meetings of the CTBTO,which held in Vienna, Austria. Among other benefits,the meetings helped participants gain expertise indecision-making and policy-development processesand helped stimulate scientific innovation, researchand development.

Fransalian Organization for Social Trans-formation, Education and Renewal

Purpose: To construct a school and hostel forhomeless children in TanzaniaAmount: $100,000Approved: November 23, 2009Total cost: $250,000Co-financiers: SALESAN Switzerland, Governmentof TanzaniaImplementing agency: Fransalian Organization forSocial Transformation, Education and RenewalGrant administrator: OFID

This grant will support the construction of a sec-ondary school and hostel for homeless and impover-ished children and youth in Tabora, one of the poorestvillages in Tanzania and with a high illiteracy rate. Inaddition to offering the children a good-quality educa-tion, the scheme will insure that they are providedwith clothing, meals, medical care and shelter, as well

An OFID grant helped support a Professional Development Program for Sciences and Mathematics Educators in South and Southeast Asia. OFID has long acknowledged the importance of human capital to the development process.Photo:Asia Images Group Pte Ltd/Alamy

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as counseling services. The new school will have thecapacity to accommodate 600 pupils, and will contain10 classrooms, a library, computer room and offices.All pupils will receive tutoring assistance, school uni-forms, books and supplies.

Friends of Environment and Develop-ment Association (FEDA)

Purpose: To co-finance pilot schemeAmount: $100,000Approved: April 14, 2009Total cost: $1.35 millionCo-financiers: Egyptian-Swiss Development Fund,Cairo Governorate,Wakf AuthorityImplementing agency: FEDAGrant administrator: OFID

This grant will co-finance a pilot project of FEDA that,since 1999, has been rehabilitating and constructingimportant infrastructure in the Gamalia District inCairo, Egypt. OFID’s grant will support additionalactivities, which include the provision of vocationaland technical training courses offered through theGamalia Community Development and HandicraftsTraining centers. Also planned are programs aimed ateradicating illiteracy, particularly among youth andwomen, and the promotion of women’s rights. Otherschemes aim at raising locals’ awareness of environ-mental issues and establishing a micro-credit scheme.

International Association for Energy Eco-nomics (IAEE)

Purpose: To support participants’ attendance atconferencesAmount: $30,000Approved: April 14, 2009Implementing agency: IAEEGrant administrator: OFID

This grant provided support to participants fromdeveloping countries to attend two IAEE conferencesin 2009: the 32nd IAEE International Conference onEnergy, Economy and Environment: the Global View, whichheld in San Francisco, California, USA; and, the 10th

IAEE European Conference that held in Vienna,Austriaunder the title Energy, Policies and Technologies for Sus-tainable Development.

Islamic Academy of Sciences (IAS)

Purpose: To support scientific conferenceAmount: $45,000Approved: June 17, 2009

Total cost: $201,705Co-financier: Committee on Scientific and TechnicalCooperationImplementing agency: IASGrant administrator: OFID

This grant sponsored the 17th Annual IAS Conferencewhich held December 14 –17 in Shah Alam, SelangorMalaysia. The event was entitled Towards the KnowledgeSociety in the Islamic World: Knowledge Production, Appli-cation and Dissemination. Some 250 participants,including academics, decision-makers, scientists andresearchers attended the conference. The IAS is aninternational non-political NGO founded in 1986 inAmman, Jordan. Its membership encompasses distin-guished scientists from various scientific disciplinesdrawn from more than 30 Islamic countries.

Lindau Foundation

Purpose: To support participants’ attendance atNobel Laureate meetingsAmount: $100,000Approved: April 14, 2009Total cost: $2.65 millionCo-financiers: Governments of Germany and India,Robert Bosch Foundation, Lindau Foundation, GerdaHenkel FoundationImplementing agency: Lindau FoundationGrant administrator: OFID

This grant supported the participation of 45 young sci-entists from Arab and developing countries at the59th Meeting of Nobel Laureates in Chemistry, whichheld at Lake Constance June 28 – July 3. The programconsisted of lectures and discussions, including twopanel discussions entitled The Role and Future of Chem-istry for Renewable Energy and Global Warming and Sus-tainability. The annual Lindau Nobel Laureate meetingsprovide a globally recognized forum for the transfer ofknowledge between generations of scientists. Themeetings of Nobel Laureates in Chemistry, Physiologyor Medicine and in Physics have been held since 1951.

Nyma e.V.

Purpose: To strengthen the use of traditionalmedicine in TibetAmount: $100,000Approved: August 17, 2009Total cost: $1.5 millionCo-financiers: Miseror, Peu La, Universidad deBarcelona, Omicron Electronics GmbHImplementing agency: Nyma e.V.Grant administrator: OFID

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This grant will help finance a project of the Nyma e.V.,a non-profit NGO that aims at helping improve thewelfare of the Tibetan people. The purpose of thescheme is to strengthen Tibetan traditional medicine(TTM), which uses local plants to cure various ill-nesses. Nyma is currently running projects in severalTibetan townships including Lhundrup, Pundo,Nanangshang and Metrogonkar. Activities include bol-stering the use of TTM in healthcare settings and theeducation and training of stakeholder in using thesetreatments. Income-generation activities will be pro-moted through the construction of greenhouses forcultivating medicinal plants and herbs. Also envisagedis the purchase and installation of water pumps andTTM production equipment in several townships, aswell as the provision of specialized training.

Oxfam International

Purpose: To support capacity-building scheme forwomen in SenegalAmount: $100,000Approved: August 17, 2009Total cost: $774,351Co-financiers: Women of the World Foundation,Kingdom Foundation, Oxfam InternationalImplementing agency: Oxfam InternationalGrant administrator: OFID

Senegal is one of the poorest countries in the world,with more than half of the population living under thepoverty line. Women are the hardest hit, as they gen-erally have less access to educational and economicopportunities. Oxfam is working to improve living

conditions and food security among Senegalesewomen engaged in food processing/production. Theseobjectives are achieved by providing financial and tech-nical assistance to help beneficiaries improve the qual-ity and marketability of their produce, and by estab-lishing local sales outlets. Envisaged activities underthe present project include expansion and diversifica-tion of packaging equipment/materials; marketing andtesting of selected products; implementation ofimproved quality control measures; and capacity build-ing among beneficiaries.

Science and Environmental Policy Project

Purpose: To procure and disseminate copies of areport on climate changeAmount: $5,000Approved: January 30, 2009Grant administrator: OFID

This grant was used to procure copies of a report ofthe Non-governmental International Panel on ClimateChange published by Professor S. Fred Singer: Nature,not human activity rules the climate, for distribution toeducational and scientific institutions in developingcountries.

United Nations Register of NationalDamage Caused by the Construction ofthe Wall in the Occupied PalestinianTerritory (UNRoD)Purpose: To help finance an outreach programAmount: $200,000

A practitioner of traditional Tibetan medicine diagnoses a patient. With the support of an OFID grant, efforts are underway to intensify traditional medicine in Tibet through the use of local plants and herbs.Photo: Sherab/Alamy

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India and Bangladesh

Purpose: To assist victims of Cyclone AilaAmount: $600,000Approved: June 4, 2009Implementing agency: IFRCGrant administrator: OFID

This grant helped provide essential relief supplies andfinance emergency operations for victims of CycloneAila, which left hundreds dead and thousands of com-munities homeless in India and Bangladesh. Urgently-needed items included blankets, clothes, plastic sheets,jerry cans, hygiene parcels, oral rehydration salts,water purification tablets and tents. OFID’s grant was

divided equally between the two countries and chan-neled through the IFRC.

Indonesia

1.Purpose: To assist flood victims in JakartaAmount: $200,000Approved: March 30, 2009Implementing agency: IFRCGrant administrator: OFID

This grant helped provide essential relief supplies andfinance emergency operations for victims of massive

3. Emergency Assistance

Approved: June 4, 2009Total cost: $3.9 millionCo-financier: Governments of Belgium, Finland andthe NetherlandsImplementing agency: UNRoDGrant administrator: OFID

This grant will co-finance an outreach program ClaimIntake Activities of Damages caused by the Separation Wallin Palestine, sponsored by UNRoD. The program aimsat insuring that all individuals who have sustainedmaterial damage as a result of the separation wall inthe West Bank are duly informed of their rights andgiven the opportunity to file a legal claim. To this end,temporary offices will be set up at various places inthe West Bank and Gaza, each staffed by two claim-intake teams.

University of Vienna

Purpose: To translate a German website intoEnglishAmount: $15,000Approved: November 23, 2009Total cost: €30,000Co-financier: University of ViennaImplementing agency: University of ViennaGrant administrator: OFID

This grant was extended to the University of Vienna,Austria to sponsor the translation of the VirtualMuseum of Islamic Art website from German to Eng-

lish. This project will enable more members of thegeneral public, as well as university libraries, journal-ists, museum staff and scholars to access the website.

Vienna City Marathon (VCM)

Purpose: To sponsor two Austrian NGOsAmount: $100,000Approved: March 11, 2009Grant administrator: OFID

Under the banner Making Strides Together, OFID wasone of the main sponsors of the 2009 VCM, whichtook place on April 19. As part of its sponsorship,OFID gave grants to two prominent Austrian NGOs;namely, Doctors for the Disabled and the Society forAustro-Arab Relations, in support of their poverty-reduction activities in least-developed countries.Over 30,000 runners from over 80 countries tookpart in the marathon.

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flooding caused by a burst dam in the Indonesian cap-ital Jakarta. Around 100 people lost their lives andscores of families were left displaced by the disaster.The Palang Merah Indonesia (PMI), the Indonesian RedCross, played an active role in search and rescue activ-ities. Immediate needs included bottled water, hygienekits, blankets, medicines, plastic sheets, rubber boatsand sleeping mats. OFID’s grant supported operationsthat were undertaken by the PMI and was channelledthrough the IFRC.

2.

Purpose: To assist earthquake victimsAmount: $500,000Approved: October 10, 2009Implementing agency: IFRCGrant administrator: OFID

At the end of September, the west coast of theIndonesian island of Sumatra was struck by two earth-quakes in quick succession. The first, measuring 7.6 onthe Richter scale, struck 57 km offshore close to the

district of Padang Pariaman in the West SumatraProvince. A second quake measuring 6.8 hit an inlandarea approximately 225 km southeast of Padang City.The Indonesian Red Cross, the IFRC and othernational societies carried out needs assessments anddeployed staff and volunteers at strategic points toassist affected villages. This grant, which was chan-nelled through the IFRC, helped procure emergencysupplies and finance emergency operations.

Philippines

Purpose: To assist typhoon victimsAmount: $250,000Approved: October 10, 2009Implementing agency: IFRCGrant administrator: OFID

This grant was channelled through the IFRC andhelped procure supplies and finance emergency oper-ations for victims of Typhoon Ketsana, which causedmajor destruction across Central Luzon, including thecapital Manila. More than 2.5 million people were

An earthquake survivor on the Indonesian island of Sumatra examines what is left of her home.OFID contributed $500,000 in emergency aid to the international relief effort.Photo: IFRC

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International AIDS Vaccine Initiative (IAVI)

Sector: HealthPurpose: To co-finance an OFID/IAVI partnershipfor an effective AIDS vaccineAmount: $3.5 millionApproved: October 9, 2009Total cost: $7 millionCo-financier: USAIDImplementing agencies: IAVI, the Kenya AIDS Vac-cine Initiative (KAVI), Government of India, IndianInstitute of Science in Bangalore, International Cen-ter for Genetic Engineering and Biotechnology inNew DelhiGrant administrator: OFID

IAVI, the only global organization dedicated exclusivelyto developing an effective AIDS vaccine, sought OFID’sassistance to bolster its research and developmentprogram in Africa and India. The partnership will sup-port research to advance the development of AIDSvaccines to halt the virus before initial infection, con-trol HIV should an infection occur, slow the disease’sprogression and limit viral transmission. The initiativecontains two inter-related components, the first ofwhich will implement capacity-building measures atKAVI, IAVI’s clinical research center in Kenya. A sec-ond component will provide support to IAVI’s highest-priority research program, which has discovered twonew antibodies that are capable of neutralizing a broadarray of HIV strains.

4. HIV/AIDS Special Account

affected by the disaster. An emergency appeal waslaunched by the Philippines National Red Cross toprovide relief and early recovery support to thosemost severely affected. Some of the urgently neededitems included food, water, clothing, bedding and sani-tation, as well as medical supplies and services. Assis-tance was also requested to bolster human resourcesat evacuation centers, provide tools and shelter mate-rials, in addition to mobilizing medical teams for vacci-nating children and treating the injured.

West and Central Africa countries

Purpose: To assist victims of severe floodingAmount: $1 millionApproved: September 9, 2009Implementing agency: IFRCGrant administrator: OFID

This grant was extended to alleviate the impact ofsevere flooding that began at the onset of the rainy sea-son in June and affected at least 600,000 people in 16countries in the West and Central Africa regions. Reliefefforts were carried out in coordination with UN agen-cies, particularly UNICEF, the WFP and UNOCHA.Some of the most urgently-needed items included bed-ding materials, cooking kits, mosquito nets, tents,hygiene articles, jerry cans and buckets. Proceeds fromthe grant, which was channeled through the IFRC, were

divided equally among the National Red Cross Societiesin the hardest hit countries; namely, Burkina Faso, Chad,Mauritania, Niger and Senegal.

World Food Program (WFP)

Purpose: To provide food aidAmount: $500,000Approved: October 13, 2009Implementing agency: WFPGrant administrator: OFID

This grant was extended to assist in global efforts tobattle growing hunger across the world. The announce-ment of the grant’s approval was made on World FoodDay, 2009, which is observed every year on October 16to mark the founding in 1945 of the FAO. The 2009World Food Day theme was Achieving Food Security inTimes of Crisis. The commemoration highlighted the factthat more than one billion people across the world –one hundred million more than in 2008 – remainundernourished. Proceeds from the OFID grant wereused to support the WFP’s emergency food assistanceprogram in low-income countries.

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International Development LawOrganization (IDLO)

Sector: HealthPurpose: To co-finance an OFID/IDLO joint programAmount: $2 millionApproved: March 11, 2009Total cost: $3.98 millionCo-financier: IDLOImplementing agency: IDLOGrant administrator: OFID

The purpose of the OFID/IDLO joint program is tostrengthen national legal frameworks and improve thecapacity of legal professionals to enable them to takean active role in the fight against HIV/AIDS. This will,in turn, help safeguard the rights of HIV-affected indi-viduals, improve the enforcement of laws consistentwith public health goals and contribute to the globaldiscussion of best practices relating to law and health.The beneficiary countries are China (selectedregions), Benin, Egypt,Ghana,Guatemala,Haiti, Indone-sia, Nepal, Papua New Guinea and Senegal.

International Labor Organization (ILO)

Sector: HealthPurpose: To co-finance a joint OFID/ILO multi-regional projectAmount: $2.5 millionApproved: June 17, 2009Total cost: $5 millionCo-financier: ILOImplementing agency: ILOGrant administrator: OFID

This initiative aims at developing comprehensive pro-grams to address high-risk populations and vulnerableworkers and their families and bridge capacity gaps innational AIDS responses. The beneficiary countriesare Ethiopia, Kenya, Liberia, Senegal and Sierra Leonein Africa, and Bolivia, Guyana, Haiti, Honduras,Nicaragua and Paraguay in the Latin America andCaribbean region. The project will be implemented,under the overall coordination of the ILO/AIDS Pro-gram, by the relevant ILO field offices. In countrieswhere there are other HIV/AIDS initiatives, these

Achievements in clinical trials have raised hopes that progress is being made in identifying antibodies that could form the basis of a vaccine against the HIV virus.Photo:Vanessa Vick, courtesy of IAVI

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1.

Purpose: To aid reconstruction efforts in GazaAmount: $2.5 millionApproved: February 26, 2009Grant administrator: OFID

This grant helped bolster reconstruction operations inthe Gaza Strip, following an escalation in hostilities atthe end of 2008 that left thousands of people strug-gling to cope with shortages of electrical power, food,water and medical supplies. The Palestinian Govern-ment estimated reconstruction needs at some$2.8 billion. OFID’s grant was divided equally among50 prominent NGOs operating in Gaza, to enablethem to continue meeting basic needs, including foodpackages, water supplies, education, medical and othersocial services, as well as psycho-social interventions.

2.

Sector: SocialPurpose: To improve the livelihoods of Palestiniansliving in JerusalemAmount: $1.5 millionApproved: March 11, 2009Implementing agency: IsDBGrant administrator: OFID

This project aims at improving the livelihoods ofPalestinian citizens, with a special focus on youth.Activities include the rehabilitation and constructionof schools, as well as the renovation of two youthclubs. In addition, the Museum of Palestinian Her-itage will be provided with extra equipment and fur-nishings. A historical hall in the Old City of Jerusalemwill be restored and renovated, as will a bookstore

5. Special Grant Account for Palestine

offices will consult with the constituents and theUNAIDS co-sponsors to identify priority areas.

United Nations Educational, Scientificand Cultural Organization (UNESCO)

Sector: HealthPurpose: To co-finance an OFID/UNESCOpartnership initiativeAmount: $3.5 millionApproved: March 11, 2009Total cost: $9.5 millionCo-financier: UNESCOImplementing agency: UNESCOGrant administrator: OFID

This initiative will support 17 countries in East andSouthern Africa, regions severely affected byHIV/AIDS, to develop and implement comprehensiveeducation sector responses to the pandemic. Activi-ties will be carried out over a two-year period viaEDUCAIDS, a global partnership that was launched in2004 as a UNAIDS initiative and led by UNESCO.Activities will include developing partnerships for jointaction at regional and national levels; enhancing theevidence base, tailored for each of the beneficiarycountries; supporting intensified implementation atcountry levels; and, delivering high-quality technicalsupport. A strong educational response to the pan-

demic is vital so as to protect and support the millionsof teachers and children who have already beenaffected by HIV/AIDS.

World Health Organization (WHO)

Sector: HealthPurpose: To co-finance an OFID/WHO jointprogramAmount: $3.5 millionApproved: December 19, 2009Total cost: $7.75 millionCo-financier: WHOImplementing agency: WHOGrant administrator: OFID

This grant will support an OFID/WHO Partnership onthe Prevention of Transfusion-Transmitted HIV/AIDSand Hepatitis Infections in Priority Countries. Activi-ties will be carried out in Bangladesh, Bhutan, Nepaland Pakistan and contain the following components:assessing and developing national action plans forstrengthening blood screening systems; upgradingblood screening laboratory facilities and improvingblood screening practices; and, implementing bloodscreening quality assurance programs. The project willhave a significant impact on the prevention of transfu-sion-related diseases, as present screening programs inthe beneficiary countries are inadequate.

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that contains rare book collections. Finally, studieswill be conducted to provide a documented recordof property ownership in Jerusalem to protect Pales-tinians against the possibility of contested ownershipor confiscation of property.

3.

Sector: EducationPurpose: To support scholarship fund for highereducationAmount: $1.2 millionApproved: June 17, 2009Implementing agency: UNRWAGrant administrator: OFID

The Scholarship Fund for Talented Palestiniansinvolves the creation of a large-scale scholarshipprogram that will provide higher education oppor-tunities to Palestinian students from the West Bank,Gaza Strip and refugee camps in neighboring coun-tries. Established by UNRWA, the program aims atproviding stable institutional backing to guaranteethat Palestinian students with high academic poten-tial can access and pursue university-level educa-tion. This will be achieved by creating a privately-run endowment fund, independent of UNRWA,which will be overseen by a selected board oftrustees.

4.

Sector: Multi-sectoralPurpose: Assistance to civil society organizationsAmount: $3.5 millionApproved: October 9, 2009Implementing agencies: Beneficiary organizationsGrant administrator: Arab Fund

This grant will be distributed among 25 PalestinianNGOs that are providing vital assistance in the areasof education, health and agriculture, as well as socialand community development. These organizations areshouldering a substantial share of the financial burdenresulting from the collapse of Palestinian society in theWest Bank. The beneficiary NGOs are well-recog-nized for their extensive contributions to the hardest-hit communities in Palestine, and funds will help insurethe continuation of their services.

5.

Sector: AgriculturePurpose: To develop irrigation and water systems inthe West BankAmount: $3 millionApproved: December 19, 2009Implementing agency: UNDPGrant administrator: OFID

Distributing food parcels in the Gaza Strip. In early 2009, OFID provided desperately needed funding to some 50 Palestinian NGOs to help them maintain vital services such as nourishment, water supply, education and medical care.Photo: PARC

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1.

Project title: Small Scale Cassava Processing andVertical Integration of the Cassava Subsector inSouthern and Eastern Africa – Phase IIBeneficiary countries: Madagascar,Tanzania,ZambiaDate disbursed: July 24, 2009Amount: $1 million

Over the past 20 years, demand has grown dramati-cally in Africa for cassava, which is one of the cheapestsources of calories and has many other potential uses.Cassava production in Africa is dominated by small-scale subsistence farmers, and processing activities arecarried out almost solely by women. In Madagascar,Tanzania and Zambia, cassava remains one of the mostimportant crops. This project will focus on the dis-semination of high-yield cassava varieties, and on thedevelopment and promotion of the tuber in selectedregional markets where it could effectively competewith cereals. Enabling the development and commer-cialization of good-quality and competitive cassavaproducts will significantly improve the incomes offarmers and processors, thus alleviating poverty andhelping boost food security.

2.

Project title: Development of Export-orientedSesame Production and ProcessingBeneficiary countries: Burkina Faso and MaliDate disbursed: July 24, 2009Amount: $750,000

Sesame seed production in Burkina Faso and Mali ishighly export-oriented. However, improper post-harvest and handling techniques often result in the seedsbecoming contaminated. Other weaknesses include lowyields and the lack of technology transfer. This projectwill improve the support extended to sesame produc-tion and processing sectors in both countries by provid-ing knowledge and information services, as well as ruralcredit for producers. It will also support the develop-ment of more efficient processing methods. This, in turn,will enable the two countries to gain a reputation as areliable exporter of good-quality seeds and elevate theposition of small producers in the value chain.

3.

Project title: Increased Production of Root and TuberCrops in the Caribbean through the Introduction ofImproved Marketing and Production TechnologiesBeneficiary countries: Haiti, Jamaica,Trinidad andTobagoDate disbursed: July 24, 2009Amount: $500,000

This project will focus on developing regionalCaribbean markets for sweet potato, yams and cas-sava, where they could compete with imported cere-als. It will do this through technology transfer and theupgrading of existing processing and product devel-opment technologies. The project will also seek toalleviate current constraints along the value chain ofeach crop. Regional governments have agreed to sub-stitute up to one-quarter of all imported foodstuffswith locally-grown produce as a strategic response to

6. Projects financed under the Second Account of the CFC

This grant will support interventions necessary toincrease the efficient use of water for irrigation pur-poses in Northwestern districts of the West Bank.Works to be carried out include the upgrading ofgroundwater wells and irrigation systems, as well asthe construction of water storage facilities. A plan willalso be designed to evaluate the potential upgradingof the Al Auja Spring in the Jordan Valley. Capacity-building among Water User Associations and theMinistry of Agriculture and the Palestinian Water

Authority is also envisaged. The project is expectedto have far-reaching benefits for the population, byincreasing food security, improving health indicatorsand reducing poverty.

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the 2008 food crisis. Potentially high-yielding andcarbohydrate-rich root and tuber crops have beenidentified as playing a critical role in reaching this goal.

4.

Project title: Building Capacity in Coffee Certifica-tion and Verification for Specialty Coffee Farmers inEastern AfricaBeneficiary countries: Burundi, DR Congo,Ethiopia, Kenya, Madagascar, Malawi, Rwanda,Tanzania,Uganda, Zambia, ZimbabweDate disbursed: July 24, 2009Amount: $1 million

Eastern African coffees are widely recognized as havingunique characteristics that are in high demand withinworld specialty coffee markets. While strides have beenmade in introducing them, success remains limited. Thisproject aims to build capacity within the region for theproduction of socially acceptable, environmentallyfriendly and economically viable coffee. This is to beachieved by training farmers to meet certification andverification standards; building certification/verificationtraining capacity at national coffee institutions; andimproving the capabilities of professional certifiers/ver-

ifiers. These measures will help increase quality coffeeproduction and market access and improve significantlythe livelihoods of smallholder coffee growers.

5.

Project title: Development and Application ofPotentially Important Jute Geo-textilesBeneficiary countries: Bangladesh, IndiaDate disbursed: July 24, 2009Amount: $1 million

Since the 1980s, jute has been experiencing heavycompetition from synthetic materials, causing a dropin demand and threatening the livelihoods of millionsof jute farmers and mill workers in India andBangladesh, where production is concentrated. Iden-tifying and developing new jute products and applica-tions is therefore vital. The overall objective of thisproject is to demonstrate the effectiveness of jutegeo-textiles in soil erosion control and rural roadsconstruction. Geo-textiles can be used to control soilloss on unprotected slopes and to prevent the erosionof riverbanks and canals. In road construction, thematerial can serve as a reinforcement to increase theroad’s load-bearing capacities.

A smallholder coffee grower in Kenya harvests her crop. OFID is sponsoring CFC’s efforts in East Africa to build capacity for the production of specialty coffee brands that can be exported to world markets.Photo: Images of Africa Photobank/Alamy

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Angola 3.130 26.880 10.000 3.000 43.010

Benin 8.500 17.230 6.500 13.580 4.500 31.876 4.050 86.236

Botswana 5.760 88.790 2.000 96.550

Burkina Faso 36.520 10.000 9.700 37.900 14.750 108.870

Burundi 30.820 43.200 3.000 77.020

Cameroon 10.850 15.307 4.500 25.490 56.147

Cape Verde 7.000 12.400 6.100 3.000 4.500 15.240 8.000 56.240

Central African

Republic 4.000 3.400 8.800 16.200

Chad 21.560 9.530 8.000 26.300 2.410 67.800

Comoros 2.250 1.000 3.000 6.250

Congo, DR 10.200 5.000 5.000 5.000 7.000 32.200

Congo, Republic of 6.000 14.500 8.000 28.500

Côte d'Ivoire 17.000 20.000 23.000 6.000 66.000

Djibouti 6.700 21.000 2.500 1.900 4.950 37.050

Egypt 30.000 20.000 137.430 10.000 25.000 8.750 231.180

Equatorial Guinea 2.500 5.600 8.100

Eritrea 5.910 1.000 21.000 27.910

Ethiopia 16.000 11.000 20.000 5.000 83.300 135.300

Gambia,The 1.500 18.280 17.680 37.460

Ghana 6.000 12.900 9.700 22.550 20.000 1.500 23.670 10.100 106.420

Guinea 16.630 7.500 11.000 6.820 22.700 5.940 70.590

Guinea-Bissau 1.500 1.500

Kenya 32.850 13.700 19.200 11.200 46.570 7.000 130.520

Lesotho 1.500 5.850 6.000 13.000 26.350

Liberia 5.000 8.300 3.000 16.300

Madagascar 17.640 29.420 18.000 5.000 7.700 34.140 111.900

Malawi 11.000 20.050 47.300 10.000 88.350

Mali 40.250 19.000 6.450 17.000 3.200 42.000 5.250 133.150

Mauritania 21.300 6.700 6.500 5.000 3.500 14.300 16.000 73.300

Mauritius 2.000 8.070 4.000 14.070

Morocco 41.390 10.000 3.000 8.000 17.000 80.000 68.000 227.390

Mozambique 45.060 22.600 35.540 17.000 2.820 34.670 157.690

Namibia 6.000 6.620 12.620

Niger 1.400 11.100 4.000 35.360 26.000 7.300 85.160

Rwanda 4.000 17.350 18.000 32.000 4.000 75.350

São Tomé and

Príncipe 1.100 2.500 3.045 4.890 11.535

Senegal 29.140 17.000 8.700 10.400 19.000 19.450 8.400 112.090

Seychelles 5.700 5.650 14.500 25.850

Sierra Leone 16.600 37.510 54.110

Somalia 5.500 2.660 8.160

Sudan 119.820 25.700 10.950 156.470

Swaziland 25.000 25.000

Tanzania 4.100 7.200 32.000 10.000 11.600 22.000 59.350 17.000 163.250

Togo 21.425 4.000 25.425

Tunisia 6.000 27.900 50.000 5.000 37.000 125.900

Uganda 11.000 29.950 5.000 21.000 66.950

Zambia 3.500 16.000 20.000 11.600 15.000 39.500 4.000 109.600

Zimbabwe 6.000 6.000 12.000

Africa 588.760 407.740 492.225 212.907 57.720 221.140 101.650 4.500 1,105.631 252.750 3,445.023

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Public Sector project lending – geographical and sectoral distribution ofcumulative approvals as of December 31, 2009

(in millions of dollars)

Appendix I

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Afghanistan 6.000 3.550 9.550Armenia 19.000 10.000 29.000Azerbaijan 30.000 6.000 8.000 44.000Bangladesh 14.000 141.100 18.000 10.000 20.000 10.000 84.500 24.000 321.600Cambodia 7.800 36.000 4.000 47.800China 16.000 10.000 10.500 36.500India 40.000 25.000 114.000 25.500 7.000 8.000 22.500 10.000 252.000Jordan 16.923 5.000 25.000 15.000 7.000 68.923Korea, D.P.R. 28.200 6.000 4.740 38.940Kyrgyz Republic 5.000 4.000 3.580 4.000 16.580Lao, P.D.R. 11.810 4.000 34.420 9.000 59.230Lebanon 5.000 4.000 15.000 35.000 5.000 64.000Maldives 3.500 2.500 1.500 2.500 13.380 3.000 26.380Myanmar 38.800 13.100 2.000 3.140 38.500 8.280 103.820Nepal 26.500 6.500 22.300 10.000 8.000 45.000 13.700 132.000Pakistan 10.000 48.367 146.800 27.000 11.000 8.000 48.000 6.000 305.167Palestine 18.000 18.000Papua New Guinea 4.000 1.700 10.000 15.700Philippines 55.500 13.500 26.000 10.000 48.250 20.000 173.250Samoa 0.700 9.625 10.325Solomon Islands 1.500 3.500 5.000Sri Lanka 21.000 13.930 20.150 9.000 16.500 80.580Syria 23.000 43.200 6.200 10.000 30.000 21.000 133.400Tajikistan 2.000 10.900 10.350 30.500 53.750Thailand 7.000 58.800 65.800Turkey 22.720 9.900 141.650 10.000 184.270Turkmenistan 10.000 5.200 15.200Uzbekistan 12.730 5.000 5.000 22.000 44.730Vietnam 44.500 7.000 20.000 4.150 29.000 10.000 8.000 122.650Yemen 26.400 44.850 56.220 5.000 48.550 34.000 215.020Asia 386.883 211.297 727.925 151.200 35.000 183.500 52.500 13.640 717.540 213.680 2,693.165

Belize 9.260 12.200 21.460Bolivia 7.500 10.700 15.000 8.000 15.000 22.800 12.000 91.000Colombia 3.000 10.000 70.000 83.000Costa Rica 13.400 3.000 16.400Cuba 33.000 20.000 27.000 80.000Dominica 0.500 2.000 2.500Dominican Republic 1.935 31.000 5.000 33.000 9.000 79.935El Salvador 10.000 10.000Grenada 0.500 10.000 10.500Guatemala 36.387 4.500 1.100 5.000 30.000 9.000 85.987Guyana 8.000 3.000 11.000Haiti 14.915 5.000 15.000 7.000 3.500 8.000 12.650 66.065Honduras 5.000 17.200 5.000 10.000 68.750 10.000 115.950Jamaica 7.500 3.300 2.000 14.000 61.800 88.600Nicaragua 5.000 4.000 10.000 19.600 10.000 48.600Panama 1.800 1.800Paraguay 4.200 10.000 67.000 2.900 84.100Peru 3.000 13.000 4.000 5.000 15.000 40.000St. Kitts and Nevis 0.500 0.750 6.000 7.250St. Lucia 0.500 2.000 1.900 4.400St.Vincent and the Grenadines 0.500 1.000 1.500Latin America & the Caribbean 123.737 44.200 126.000 33.000 – 101.010 20.500 – 401.150 100.450 950.047

Albania 11.700 4.500 7.420 4.520 35.000 2.700 65.840Bosnia and Herzegovina 16.950 10.000 7.000 30.000 63.950Europe 28.650 14.500 – 7.420 – 11.520 – – 65.000 2.700 129.790

Total 1,128.030 677.737 1,346.150 404.527 92.720 517.170 174.650 18.140 2,289.321 569.580 7,218.025(percentage) 15.6 9.4 18.6 5.6 1.3 7.2 2.4 0.3 31.7 7.9 100.0

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Country/region AmountBenin 6.50Botswana 3.00Burkina Faso 27.75Burundi 6.20Cameroon 4.95Cape Verde 8.05Central African Republic 1.75Chad 2.40Comoros 3.00Congo, Republic of 4.00Djibouti 2.50Egypt 14.45Equatorial Guinea 3.50Ethiopia 4.80Gambia,The 12.15Ghana 7.80Guinea 10.85Guinea-Bissau 9.15Kenya 5.00Lesotho 5.90Madagascar 40.30Mali 38.95Mauritania 30.10Mauritius 4.00Mozambique 15.05Niger 16.75Rwanda 9.20São Tomé & Príncipe 3.85Senegal 21.90Seychelles 4.30Sierra Leone 5.35Somalia 31.05Sudan 37.45Tanzania 20.45Togo 3.50Uganda 4.55Africa 430.45

Country/region AmountAfghanistan 3.75Bangladesh 38.90India 21.80Lao, P.D.R. 2.15Maldives 4.22Myanmar 2.25Nepal 4.15Pakistan 21.45Samoa 6.35Solomon Islands 2.00Sri Lanka 17.10Tonga 1.00Turkey 40.00Yemen 10.65Asia 175.77

Antigua & Barbuda 1.00Barbados 5.00Dominica 1.50Dominican Republic 15.00El Salvador 1.75Grenada 7.35Guatemala 1.75Guyana 18.60Haiti 4.31Honduras 1.75Jamaica 24.00Nicaragua 35.00St.Vincent & the Grenadines 1.00Latin America & the Caribbean 118.01

Total 724.23

BOP support loans – cumulative approvalsas of December 31, 2009

(in millions of dollars)

Appendix II

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Country/region Purpose AmountBenin Intermediate and capital goods imports 3.050Burkina Faso Intermediate and capital goods imports 5.000Burundi Road maintenance 1.600

Petroleum products imports 6.000Cape Verde Commodity imports 1.500Central African Republic Commodity imports 9.300Comoros Commodity imports 2.000Congo, Republic of Commodity imports 13.000Guinea-Bissau Equipment and commodity imports 3.320Kenya Commodity imports 4.000Mali Commodity imports 5.500

Commodity imports 7.000Mauritania Commodity imports 6.400Niger Commodity imports 4.500

Petroleum products imports 6.500Rwanda Petroleum products imports 6.000Senegal Commodity imports 4.600Sierra Leone Commodity imports 9.500Sudan Commodity imports 10.000

Commodity imports 7.000Commodity imports 15.000Petroleum product imports 10.000

Tanzania Textile mills rehabilitation 7.000Commodity imports 11.500Petroleum products imports 7.500

Togo Phosphate plant equipment imports 3.600Commodity imports 9.300

Uganda Commodity imports 5.000Zimbabwe Manufacturing rehabilitation imports 10.000Africa 194.670

Bangladesh Rock phosphate & finished fertilizer imports 7.000Commodity imports 15.000

Lao, P.D.R. Equipment imports 5.000Heavy equipment maintenance 1.500

Myanmar Crop intensification 15.000Nepal Commodity imports 5.000Vietnam Commodity imports 6.000

Petroleum products imports 10.000Asia 64.500

Dominican Republic Commodity imports 10.000Commodity imports 10.000

Grenada Commodity imports 2.000Guyana Petroleum products imports 18.226Nicaragua Commodity imports 10.000

Commodity imports 12.000Commodity imports 12.000

Latin America & the Caribbean 74.226

Total 333.396

Program loans – cumulative approvalsas of December 31, 2009

(in millions of dollars)

Appendix III

98

Country/region Original HIPC Enhanced HIPC TotalBenin – 7.50 7.50Burkina Faso 5.50 25.00 30.50Burundi – 5.00 5.00Chad – 7.00 7.00Congo, Republic of – 7.00 7.00Côte d'Ivoire – 8.50 8.50Ethiopia – 13.10 13.10Gambia,The – 2.00 2.00Ghana – 6.00 6.00Guinea – 9.00 9.00Madagascar – 4.00 4.00Mali 4.83 10.00 14.83Mauritania – 21.00 21.00Mozambique 10.00 3.00 13.00Niger – 15.90 15.90Rwanda – 12.60 12.60Sao Tomé & Príncipe – 3.50 3.50Senegal – 6.90 6.90Sierra Leone – 5.40 5.40Tanzania – 14.00 14.00Uganda 5.90 – 5.90Zambia – 6.00 6.00Africa 26.23 192.40 218.63

Bolivia 4.10 – 4.10Guyana – 7.50 7.50Honduras – 9.60 9.60Nicaragua – 30.00 30.00Latin America 4.10 47.10 51.20

Total 30.33 239.50 269.83

HIPC Initiative debt relief operations – cumulative approvals as of December 31, 2009

(in millions of dollars)

Appendix IV

99

Other developing Type of operation LDCs countries TotalProject loans 3,486.903 3,731.122 7,218.025BOP support loans 465.680 258.550 724.230Program loans 211.570 121.826 333.396HIPC Initiative loans 212.630 57.200 269.830Total 4,376.783 4,168.698 8,545.481(Percentage of total loan commitments) (51.2) (48.8) (100.0)

Public Sector lending to the least developed countries (LDCs) –cumulative approvals as of December 31, 2009

(in millions of dollars)

Appendix V

100

AFRICAN REGIONAL CENTER FOR TECHNOLOGYStrengthening technical human resources 100.0 100.0Upgrading training facilities 80.0 80.0

Subtotal 180.0 180.0

ARAB ORGANIZATION FOR AGRICULTURAL DEVELOPMENT Avian Influenza Control Program in the Arab Region 300.0 300.0Control of Foot and Mouth Disease in the Arab Region (Phase I) 300.0 300.0Eradication of Old World Screwworm in the Middle East 750.0 608.7Increasing public awareness towards efficient water use in Arab Countries 400.0 400.0Red Palm Weevil Program in the Middle East – Phase III 350.0 350.0Regional Project for Surveillance and Control of Rift Valley Fever in the Arab Region 400.0 400.0

Subtotal 2,500.0 2,358.7

AUSTRIAN RELIEF ORGANIZATION Strengthening the Mayangnas Population in Nicaragua 200.0 197.2Securing Land Tenure and Sustainable Development in Sofala Province 250.0 200.0Rural Development in the Costal Zones of Lake Managua, Nicaragua 400.0 200.0

Subtotal 850.0 597.2

CARE INTERNATIONALAssistance to displaced people in Mozambique 100.0 100.0Rural development project in Uganda 150.0 150.0

Subtotal 250.0 250.0

CARTER CENTERGuinea worm eradication program 1,000.0 500.0Public health training in Ethiopia 200.0 200.0

Subtotal 1,200.0 700.0

CGIAR1. CIAT 1,320.0 1,132.52. CIMMYT 2,670.0 2,585.23. CIP 1,569.0 1,518.94. ICARDA 9,042.5 8,536.05. ICRISAT 1,594.0 1,544.06. IITA 660.0 660.07. ILRI 975.0 925.08. IRRI 663.0 663.09. ISNAR 300.0 100.0

10. IWMI 400.0 350.011.WARDA 685.0 685.012.World Fish Center 300.0 250.0

Subtotal 20,178.5 18,949.6

DEVELOPMENT AID FROM PEOPLE TO PEOPLETeachers’ Training Program in the Republic of Angola 150.0 149.8Children’s Town in Malambanyama, Zambia 150.0 150.0Children’s Town in Maputo, Mozambique 160.0 160.0

Subtotal 460.0 459.8

Technical Assistance Grants – cumulative approvals as of December 31, 2008

(in thousands of dollars)

Appendix VI

Approved Disbursed

101

FAOPreventive Control of Desert Locust 550.0 525.5Expansion of the Food Security Program in Cambodia 250.0 244.2Global Avian Influenza Control Program 700.0 700.0Locust control campaign in Madagascar 150.0 41.8New World Screwworm eradication program in North Africa 200.0 172.9Partnership for National Food Security and Sustainable Natural Resources Management in Haiti 250.0 243.5Special Project for Food Security in North Kordofan 200.0 174.8Special Program for Food Security and Food Safety in Cambodia – Phase II 250.0 200.0Special Program for Food Security and Food Safety in Haiti – Phase II 200.0 70.0Special Program for Food Security and Food Safety in Sierra Leone – Phase II 300.0 225.0

Subtotal 3,050.0 2,597.7

FAO/IAEA Bio fertilizers for increased legume production in Bangladesh 100.0 100.0Eradication of the Tsetse fly in Zanzibar,Tanzania 250.0 250.0Management of Most Common Cancers in AFRA Countries 200.0 199.9Nuclear techniques in plant breeding and biotechnology for AFRA countries 60.0 60.0Program of Action for Cancer Therapy (PACT) 500.0 150.0Provision of Cancer Treatment Equipment for the University Hospital in Uruguay 300.0 150.0Research on soil fertility in 14 developing countries 50.0 36.9Tsetse Fly Free Zone for Poverty Reduction in Ethiopia 200.0 200.0Upgrading clinical radiotherapy services in AFRA countries 150.0 150.0

Subtotal 1,810.0 1,296.8

FOUNDATION DOLORES BEDOYA DE MOLINAWomen for Women, Health 2000 100.0 100.0Productive Activities and Literacy Program in Guatemala 116.0 116.0

Subtotal 216.0 216.0

FOUNDATION FOR THE SOCIAL PROMOTION OF CULTURE (SPAIN)Development of Condoray Training Center for Women in Canete, Peru 300.0 100.0Expansion of CEFIM Vocational Center for Women in La Paz, Bolivia 250.0 250.0Expansion of the EFAES vocational School in the suburbs of Asuncion, Paraguay 150.0 150.0Improving the Infrastructure and Quality of the Primary Education System in Mauritania 350.0 350.0Expansion of Serrania Technical School for Women in Jarabacoa, Dom. Rep. 300.0 200.0

Subtotal 1,350.0 1,050.0

IFADMarine Resources Management in the Red Sea 600.0 200.0Near East and North African Management Training in Agriculture 200.0 200.0Rwanda Refugees Rehabilitation Program 150.0 50.0

Subtotal 950.0 450.0

INTERNATIONAL CENTER FOR BIOSALINE AGRICULTUREDevelopment of Salinity-tolerant Sorghum and Pearl Millet Varieties for Saline Lands 700.0 400.0Establishment of regional center for Biosaline Agriculture 1,000.0 1,000.0Establishment of irrigation system 250.0 250.0

Approved Disbursed

Appendix VI

102

Establishment of training facilities 200.0 200.0Strengthening Human Resources for Forages Growing with Saline Water in West and Central Asia and North Africa 400.0 295.1

Subtotal 2,550.0 2,145.1

NIGER BASIN AUTHORITYUpgrading the Inter-States Hydrological Forecasting Center 150.0 150.0Pilot water supply project in the Niger River Basin 300.0 299.1

Subtotal 450.0 449.1

ORGANIZATION OF AFRICAN UNITYProtection of bio-diversity in African Countries 100.0 100.0African Summit on HIV/AIDS, tuberculosis and other related infectious diseases 200.0 200.0

Subtotal 300.0 300.0

PAHOEastern Caribbean Islands health project 65.0 65.0Prevention and Control of Cholera in Central America 250.0 148.2

Subtotal 315.0 213.2

PALESTINEAl-Injili Al-Arabi hospital 210.0 210.0Al-Ahli Hospital,Al-Khalil District 400.0 400.0Al-Khalil Polytechnic 174.0 174.0Al-Mahaba hospital in Bethlehem 300.0 0.0Al-Maqassed Hospital 500.0 500.0Arab Development Society – Dairy plant in Jericho 325.0 325.0Artificial Limbs Manufacturing Center in Bethlehem 600.0 600.0Assistance for traumatized children in the West Bank 160.0 160.0Assistance for Women to secure food and household livelihood in Jenin 150.0 148.2Augusta Victoria Hospital in Jerusalem (UNRWA) 180.0 180.0Beit Jala Rehabilitation Center 300.0 300.0Bethlehem Arab Society for Rehabilitation – Center of Excellence in Rehabilitation Medicine 500.0 497.0Bir Zeit University 250.0 250.0College of Science and Technology in Khan Yunis – Gaza Strip 250.0 250.0College of Technology for Al-Najah University 700.0 700.0Completion of the Amal Center for the Rehabilitation of Handicapped in Nablus 200.0 194.3Completion of the Red Crescent Maternity Hospital Building 150.0 150.0Construction of Medical Diagnostic Center in Surdah 400.0 0.0Day-care Clinic in Tulkarm 250.0 250.0Development of Bethlehem University 250.0 248.9Development of the Gaza Hashem Nursery School 200.0 0.0Early Childhood Education and Care for Palestinian Children 100.0 100.0El Wafa Medical Rehabilitation Hospital 200.0 200.0Equipping the Faculty of Medicine,Al-Quds University 400.0 400.0Equipping the Mechatronic and Automation Laboratory at the Palestinian Polytechnic University 120.0 120.0Establishment of a Charitable Bread Bakery in Nablus 75.0 75.0Establishment of a computer center at Al-Khalil University 200.0 200.0Health care institutions 190.0 53.9

Appendix VI

Approved Disbursed

103

* These grants have been drawn from the $6 million allocated by OFID in 1980 to the UNDP Energy Account.

Initiative for humanitarian medical and health services in Palestine 200.0 199.7Jerusalem Water Authority 250.0 250.0Medical aid for Palestinians 50.0 50.0Medical and social services complex in Nablus 400.0 400.0Medical equipment (UNRWA) 250.0 250.0Medical treatment in Austria to injured Palestinians 400.0 287.6Pediatric Nurse Training Program for Palestinians 114.0 114.0Princess Basma Center 150.0 150.0Red Crescent Maternity Hospital in Jerusalem 300.0 300.0Red Crescent Society and Patient’s Friends Society 640.0 640.0Red Crescent Society, Jenin Branch 525.0 478.8Restoration and equipping the Industrial Islamic Orphanage School 200.0 200.0Society of Handicrafts Training Workshops for Girls 330.0 330.0Special Humanitarian Program for Occupied Palestinian Territory 200.0 200.0Vocational training program (UNRWA) 5,862.4 5,658.5Women’s Health Center in Jericho 150.0 150.0Zakat Fund Committee 120.0 120.0

Subtotal 17,875.4 16,464.9

SIGHT SAVERS INTERNATIONALCommunity Ophthalmology Program in Pakistan 100.0 100.0Comprehensive Eye Care Program in the North-West Frontier Provinc, Pakistan 200.0 200.0Production of Braille textbooks for use in East Africa 200.0 200.0South West Province Eye Care Program in the Republic of Cameroon 200.0 200.0

Subtotal 700.0 700.0

TWASWind erosion and sand transport laboratory in the Sudan 100.0 100.0Associate membership schemes of centers of excellence in the south 100.0 100.0

Subtotal 200.0 200.0

UNDPCaribbean regional food plan 2,000.0 2,000.0Central American energy program 1,500.0 1,500.0Desert Locust Assistance 1,000.0 1,000.0Development of the Niger river basin 5,000.0 5,000.0Development of the Red Sea and Gulf of Aden fisheries 7,641.7 7,641.7Industrial vocational training center in Egypt 1,500.0 1,500.0International Center for Diarrhoeal Disease Research in Bangladesh 1,591.0 1,591.0Labor-intensive public works program 1,300.0 1,299.0Regional offshore prospecting in East Asia 2,000.0 2,000.0South-South Global Assets and Technology Exchange System – GATES 300.0 300.0Special program for research and training in tropical diseases 1,090.0 1,090.0UNCTAD – research and training program 650.0 650.0

Subtotal 25,572.7 25,571.7

UNDP ENERGY ACCOUNT*Assistance to the Kiribati Solar Energy Company 23.5 23.5Developing Operational Tools and Strengthening Capacity Development 250.0 100.0Djibouti geothermal exploration project 1,000.0 999.9

Appendix VI

Approved Disbursed

104

Financing Energy Services for Small-Scale End-users (FINESSE) in the Philippines 140.0 140.0Financing energy services for small-scale energy users in the SADC 185.0 153.8Formulation & incorporation of the National Renewable Energy & Energy Efficiency Policy into National Energy Policy in Honduras 100.0 50.0Geothermal exploration project in Uganda 90.0 90.0Global wind pump evaluation program in Cape Verde and Kenya 50.0 50.0International Training Course on Renewable Energy (India) 75.0 67.4International workshop on decentralized rural electrification (Morocco) 70.0 54.9Lovo mini-hydropower project in Fiji 90.0 90.0Micro hydro and wind energy-based rural electrification in Honduras 75.0 49.9Monitoring of biomass gasifier project in Africa 210.0 186.0National workshops on energy auditing in Ethiopia,Tanzania and Uganda 90.0 90.0Photovoltaic systems executive workshop in Latin America 55.0 37.5Pilot project for rural electrification in Morocco through wind energy 20.0 14.3Rangjung mini-hydropower plant, Eastern Bhutan 200.0 37.2Removing barriers to develop & create conditions for the development of renewable energy projects in Haiti 110.0 110.0Rio Ocoa hydropower development project in the Dominican Republic 435.0 79.3Rural energy development project in the Sudan 800.0 800.0Solar water heating systems in Grenada 65.0 65.0Strengthen Energy Institution Development to Scale-up Modern Energy Service Delivery for the Poor 300.0 100.0Study for a mini-hydropower station in Madagascar 175.0 175.0Study on power loss reduction in Yemen 234.0 207.0Support National Capacity Development to Improve Management of Energy through Knowledge Management Activities 200.0 75.0Supply side efficiency and energy conservation and planning in Syria 180.0 180.0Training courses on diesel-powered generators in the Pacific Islands 80.0 80.0UN meeting of experts on energy prospects and international cooperation 40.0 40.0

Subtotal 5,342.5 4,145.7UNDP Subtotal 30,915.2 29,717.4

UNESCOE-Learning for the Blind in the Arab Region 200.0 0.0Rational utilization and conservation of water resources in Burkina Faso 100.0 75.8Rational utilization and conservation of water resources in Mauritania 100.0 87.9Training program for African educational planners, managers and administrators 335.0 335.0Upgrading Science and Engineering Education in Arab Universities 150.0 150.0

Subtotal 885.0 648.7

UNFPAFamily welfare centers in Pakistan 1,500.0 1,500.0Maternal and child health program in Mozambique 100.0 100.0

Subtotal 1,600.0 1,600.0

UNFSTDDevelopment of solar energy and biogas production in Lesotho 240.0 240.0Oceanographic Institute in Yemen 261.6 261.6Sago starch hydrolysis and fermentation in Papua New Guinea 61.4 61.4Wood for energy – technology program in Honduras 305.0 305.0

Subtotal 868.0 868.0

Appendix VI

Approved Disbursed

105

UNHCRConstruction equipment and maintenance of primary schools in Eastern Sudan 200.0 200.0Fighting Micronutrient Deficiencies in Protracted Refugee Situations 500.0 350.0Ndzevane rural settlement project, Swaziland 334.0 334.0Return and Reintegration of Mauritanian Refugees 1,000.0 0.0Special program for refugees and displaced persons in Yemen 140.0 140.0Special program for Mozambican refugees in Tanzania 80.0 80.0Sustainable Re-integration of Burundian Refugees 300.0 300.0

Subtotal 2,554.0 1,404.0

UNICEFAccelerating Girls’ enrollment in primary schools in Bhutan 200.0 200.0Basic Health and Nutrition Emergency Project in the Sudan 200.0 200.0Child survival, growth and development program in the Maldives 100.0 100.0Control of Acute Respiratory Infections Program in Bolivia 100.0 90.9Community Water Supply and Sanitation in Nepal 100.0 100.0Expanded program of immunization in Nepal 150.0 150.0Expanded program of immunization in Pakistan 100.0 95.8Expanded program of immunization in Somalia 116.0 114.1Expanded program of immunization in the Comoros 100.0 100.0Expanded program of immunization in Yemen 200.0 200.0Free and Compulsory Primary Education in Kenya 200.0 199.7Health and Nutrition in Mauritania 100.0 95.3Integrated Early Childhood Care and Development in Lesotho 200.0 193.0National program of child survival in Guatemala 120.0 120.0Oral rehydration therapy programs in Burkina Faso, Haiti, Nepal and Sudan 330.0 330.0Polio Eradication Campaign in Burkina Faso 200.0 200.0Polio Eradication Campaign in Chad 200.0 200.0Polio Eradication Campaign in Niger 200.0 195.5Polio Eradication Program in Afghanistan and Pakistan 1,000.0 1,000.0Primary Health Care Program in the Maldives 100.0 97.9PROANDES Phase II – Bolivia 100.0 100.0Promotion of breast-feeding in Honduras 130.0 129.9Rural Community Water Supply and Environment Sanitation in Bhutan 100.0 99.0Rural Water Supply in Vietnam 100.0 95.8Rural water supply and sanitation program in:- Benin 1,000.0 1,000.0- Burundi 100.0 95.1- Cape Verde 500.0 500.0- Guinea 150.0 139.9Safe drinking water and sanitation for marginalized communities in Nepal 350.0 349.0Sudan,The 1,500.0 1,500.0Senegal health services project 325.0 325.0Special Project for the Survival of Children and Women in Tajikistan 200.0 192.9Strengthening Basic Health Services in Peru 200.0 198.7Universal Access to Water & Sanitation for Schools in Bhutan 300.0 299.8Water Supply and Environmental Sanitation Program in Democratic People’s Republic of Korea 250.0 250.0Water Supply and Environmental Sanitation Program in Nicaragua 100.0 100.0Water Supply and Sewerage in Tajikistan 150.0 150.0

Subtotal 9,571.0 9,507.3

Appendix VI

Approved Disbursed

106

WFPSocial Development through assistance to pre-school children in Bolivia 150.0 150.0Construction of hostels for girls in Bhutan 100.0 100.0Development of Sustainable Agro-Forestry in the Dominican Republic 150.0 102.6Social development project in rural communities in Yemen 140.0 140.0

Subtotal 540.0 492.6

WHOAfrican Program for Onchocerciasis Control 700.0 700.0Assessment of Medicine Prices in Latin America & the Caribbean (Phase III) 300.0 100.0Education and Training of Health Workers in Food Safety (Guatemala,Mozambique and Samoa) 105.0 55.0E-learning on health for the public in the Gambia and Ghana 500.0 309.9Guinea Worm Eradication Program 450.0 448.2Onchocerciasis Control Program 2,700.0 2,700.0Polio Eradication in African Countries Affected by Conflict 150.0 140.2Rehabilitation of district health facilities in the Sudan 168.0 139.9Rehabilitation of public health infrastructure in Lebanon 190.0 190.0Strengthening National Health Systems in Least Developed Countries 400.0 383.4

Subtotal 5,663.0 5,166.6

OTHERSACDESS (African Center for Development and Strategic Studies) 150.0 150.0ACORD Special Program for strengthening urban communities in Luanda,Angola 120.0 120.0ADP – Arab Development Portal 1,000.0 0.0African Fertilizer Development Center 500.0 500.0Agency for the Safety of Aerial Navigation in Africa 1,000.0 1,000.0Arab Network – Voluntary Developmental Groups Initiative for Poverty Reduction in the Arab Region 500.0 200.0Austrian Red Cross – Community Development Project in Rukum District, Nepal 450.0 0.0BASMA – Establishment of a Vocational Training and Recreation Centre for the Disabled – Tunisia 250.0 50.0Bill & Melinda Gates Foundation – The Social Development Project in Sindh, Pakistan 400.0 200.0Center for Arab Women for Training and Research – Poverty Alleviation among Urban and Rural Women in the Arab Region 500.0 0.0CEAO – Solar Energy Regional Center in Mali 5,000.0 5,000.0Chagas Disease Control Program – Bolivia 150.0 148.8Chegutu Secondary School for the Disabled – Zimbabwe 100.0 90.0Civil Aviation Training – the Maldives 50.0 50.0Establishment of health care centers in rural areas of Peru 90.0 90.0FUNDACEA – Purchase of equipment for the Simon Bolivar University 100.0 100.0GM-UNCCD – to combat desertification in West Asia 650.0 546.2Government of Lebanon: Construction of a medical center in Berkayel, Lebanon 150.0 0.0Government of Morocco:Tam Bardoute Perimeter Rehabilitation Project in Guelmim 300.0 100.0Ho Chi Minh City Rehabilitation Center for the Disabled,Vietnam 500.0 500.0IACD/OAS: School-based Telecenters in Rural Guatemala 100.0 100.0ICAO – Civil aviation school in Mogadishu, Somalia 50.0 0.0ICIPE (International Center for Insect Physiology and Ecology) 1,270.0 1,270.0ICOMP – Institutional development assistance program for Eastern and Southern Africa 50.0 50.0

Appendix VI

Approved Disbursed

107

ICRC – CAPADIFE Rehabilitation Center for the Disabled in Nicaragua 250.0 250.0ICRC/SFD Physical Rehabilitation Projects in Eastern Africa 2009 – 2011 800.0 0.0IDE Market creation for the rural poor 200.0 200.0IDEP (The African Institute for Economic Development & Planning) – Upgrading the training facilities 70.0 70.0IMO (International Maritime Organization) – Upgrading maritime training institutes and programs in Asia 100.0 100.0Institute for Natural Resources in Africa, through United Nations University 175.0 174.9Institute of Applied Science and Technology, Guyana 83.0 82.6INTERANDES – Development of Sustainable Agriculture at Lake Titicaca, Peru 50.0 20.0International Cooperation for Development: Primary Health Care Services in Yemen 200.0 200.0International Development Law Institute 359.0 356.8JOHUD – Community-based approach to increase social productivity of the poor in Jordan 150.0 150.0King Hussein Cancer Foundation 1,000.0 400.0Kyrgyzstan – Rehabilitation of the Republican Psycho-Neurological Hospital 150.0 150.0National Commission for Non-Formal Education: Literacy and Basic Integral Education for Young People and Adults in Honduras 150.0 150.0National population census in Mauritania 200.0 200.0Noor Al-Hussein Foundation – Establishment of the Jubilee School Center for Excellence in Education in Jordan 320.0 320.0OHFOM: Extension of a Surgical Unit to the District Hospital of Elavagnon,Togo 100.0 100.0OLADE (Latin American Energy Organization) 5,000.0 5,000.0OPALS (Pan African Organization to Combat AIDS) – Daycare hospital in Brazzaville, the Congo 50.0 50.0PADF (Pan American Development Foundation) Rural Water Supply & Sanitation in Haiti 1,000.0 500.0PAPFAM (Pan Arab Project for Family Health) 400.0 400.0Refinery orientation program for refinery managers (Austria) 50.0 48.0Royal Medical Services – Construction of Comprehensive Health Centre in South Shounah Municipalities 400.0 0.0Second Control Program against AIDS in Chad 150.0 128.8SELA – Technical and Economic Cooperation between Latin America,the Caribbean and Africa 150.0 146.7South Center – Working Groups on Environment and Development 50.0 50.0South Commission 100.0 100.0Training of personnel of African development finance institutions (Egypt) 224.0 224.0Training Program for Lebanese Civil Servants 115.0 115.0TWNSO – Strengthening the Capacity of Developing Countries in Science and Technology 100.0 100.0UNECA – African Development Forum 2000 200.0 199.9UNODC: Drug Abuse Preventive Education and Health Promotion in Schools in Bolivia 150.0 150.0

Subtotal 25,926.0 20,401.7Total 133,907.1 119,384.4

Appendix VI

Approved Disbursed

108

Approved Disbursed10th International Barley Genetics Symposium 50.000 30.00018th World Petroleum Congress 8.500 8.500ACDESS (African Center for Development and Strategic Studies) 100.000 100.000African Hematology Forum 20.000 0.000African Mathematical Union 10.000 10.000African Regional Center for Technology 80.000 80.000Aga Khan Foundation 150.000 50.000AGFUND (Arab Gulf Program for United Nations Development Organization) 100.000 100.000Al-Bia Wal-Tanmia: Roundtable on Public Opinion and the Environment 40.000 40.000Altaaleem Alarabi Newspaper 100.000 100.000Arab Center for Medical Literature 30.000 30.000Arab Cooperative Federation 30.000 30.000Arab Federation of Chemical Fertilizer Producers 10.000 10.000Arab Forum for Environment and Development (AFED) 200.000 160.000Arab Geologist Association – seismological seminar 5.000 0.000Arab Network of Non-Governmental Organizations 200.000 200.000Arab Organization for Agricultural Development – regional workshop 20.000 0.000Arab Organization for Translation 70.000 70.000Arab Science and Technology Foundation (ASTF) 175.000 175.000Arab Studies of Arid Zones and Dry Lands 10.000 10.000Arab Thought Foundation (ATF) 300.000 200.000Arab Urban Development Institute (AUDI) 250.000 241.240ARCA DE NOE 80.000 80.000ARCEDEM (African Regional Center for Engineering Design and Manufacturing) 75.000 75.000Asian Institute for Technology (Thailand) 45.600 45.600Asian Institute of Management (AIM) 50.000 50.000Association for the Development of Traditional African Urbanism and Architecture 40.000 38.642Association of African Universities 50.000 50.000ATCAC 50.000 49.988ATPS (African Technology Policy Studies Network) 50.000 50.000Austrian Doctors for Disabled 125.000 125.000Austrian Guinea Society 65.000 65.000Austrian Relief Organization 50.000 50.000Bangladesh Welfare Association for the Disabled 10.000 10.000Bartolina Sisa Confederation 100.000 100.000BERDO (Blind Education and Rehabilitation Development Organization) 20.000 20.000Bibliotheca Alexandrina 200.000 100.000BIDII Women Self Help Group: Introduction of Health Care Services in

the Kitui District in Kenya 80.000 80.000BioVision Alexandria Conference 2008 50.000 50.000Book in memory of Dr. Manuel Pérez-Guerrero 9.100 9.100Books for Africa 90.000 90.000Bruno Kreisky Archives Foundation 25.000 25.000Care Austria 50.000 50.000CARE International – Mini-reservoirs research study in Mali 19.000 19.000CARE International – Training program on income generating activities in Uganda 70.000 70.000Caribbean Operational Hydrology Institute 25.000 19.123Caritas-Spes Ukraine 100.000 100.000

Grants for Research and Similar activities – cumulative approvals as of December 31, 2009

(in thousands of dollars)

Appendix VII

109

CBLIT (Community-Based Libraries and Information Technology) 50.000 50.000Center for Arab Unity Studies 35.000 35.000Center for Research on the New International Economic Order 150.000 150.000Center for World Food Studies 150.000 0.000CENTROPEP (Center for OPEC Studies) 57.500 57.500Colombo Plan 130.000 116.000COPAC (Committee for Promotion of Aid to Cooperatives) 23.000 23.000CTBTO 100.000 100.000DynMed Research Group 75.000 55.000Eastern and Southern African Universities Research Program 67.000 64.455ESCWA (United Nations Economic and Social Commission for Western Asia) 125.000 123.787European Academy of Environmental Affairs 15.000 12.950Exhibition of paintings from Ecuador (Austria) 14.000 14.000FLACSO (Latin American Faculty for Social Sciences) 50.000 50.000FLAME Community School 50.000 50.000Fransalian Organization for Social Transformation, Education and Renewal 100.000 0.000Friends of Environment and Development 100.000 50.000G-77 130.000 105.000GM-UNCCD – West Asia and North Africa ministerial meeting 40.000 40.000Grameen Bank 100.000 100.000GSMRB 100.000 100.000Hagar Project 100.000 100.000Harvard University 99.000 99.000HASCO 30.000 30.000HelpAge International 39.100 39.100Humana People to People: OFID Award for Development 100.000 100.000IAEE 70.000 68.000IAS (Islamic Academy of Sciences) 296.000 276.000Ibrahim Shihata Memorial LL.M. Program 300.000 300.000ICEP (Institute for Cooperation in Development Projects) 140.000 140.000ICOMP (International Committee on the Management of Population Programs) 36.500 36.500ICPE (International Center for Public Enterprises in Developing Countries) 80.000 80.000IDEP (African Institute for Economic Development and Planning) 70.000 70.000IDLO (International Development Law Organisation) 299.000 299.000IIASA/UNIDO/IAEA workshop on long-term energy projections 100.000 0.000ILI (International Law Institute) 100.000 100.000Independent Commission on International Development Issues

(The Brandt Commission) 220.000 220.000Independent World Commission on the Oceans 50.000 50.000Institute for African Alternatives 16.500 14.979Institute for Development Studies, University of Sussex 37.875 37.875Inter Action Council (IAC) 50.000 50.000Inter-American Institute for Cooperation and Agriculture 50.000 50.000Intergovernmental Council for Communication in Africa 20.000 20.000Intergovernmental Group of Twenty-four (G-24) 200.000 184.339International Center for Diarrhoeal Disease Research in Bangladesh 30.000 30.000International Center for Economic Growth 7.000 7.000International Center for Theoretical Physics 129.550 129.550

Approved Disbursed

Appendix VII

110

International Development Conference – Global Meeting of Generations 100.000 100.000International Dryland Development Commission 40.000 40.000International Economic Association – Financing problems of developing countries 5.000 5.000International Federation for Information Processing 10.000 0.000International Institute for Advanced Studies, Caracas,Venezuela 70.000 70.000International Ocean Institute 411.000 411.000International Press Institute (IPI) 50.000 0.000International Round Table for the Advancement of Counseling 9.000 9.000International Summit Meeting of Islamic Finance 20.000 20.000IPS (Inter Press Service) 70.000 70.000Islamic Community in Austria 250.000 250.000Islamic Relief International 100.000 100.000ITC (International Trypanotolerance Centre) 70.000 69.925Johns Hopkins University – Study of the non-profit sector in developing countries 50.000 50.000Korea, Democratic People’s Republic of 37.000 36.439Layton Rahmatulla Benevolent Trust (LRBT) 200.000 199.600Lindau Foundation – 59th Meeting of Nobel Laureates in Chemistry 100.000 100.000Ljubljana Service for Technical Cooperation Support for Rehabilitation of

Disabled Persons, Ljubljana, Slovenia 45.000 44.950National Chamber Foundation 20.000 10.000National Development Fund of Mauritania 20.000 20.000National Laboratory of Public Health in Burkina Faso:Training Center 100.000 100.000Nepal – Opportunities for Women 5.000 5.000Nigeria-Niger Joint Commission for Cooperation 15.000 0.000North South Roundtable 30.000 30.000Nyma e.V. – Strengthening Traditional Tibet Medicine 100.000 50.000Office of the Historian, Havana, Cuba 100.000 100.000OFID Scholarship 300.000 212.439OPALC (Preinvestment Organization for Latin America and the Caribbean) 25.000 25.000OPEC Fund/OPEC Secretariat/UNCTAD – Second workshop on energy

and development 50.000 0.000OPEC Fund/OPEC Secretariat/UNCTAD – Workshop on energy and development 30.000 30.000OPEC Fund/OPEC Secretariat/UNIDO – Workshop on petrochemistry 30.000 22.828OXFAM 100.000 40.000Oxford Energy Seminar 37.000 32.983Pan African News Agency 10.000 10.000People in Action – The Gambia 10.000 5.000PEP-MENA Yemen Leasing Project Phase 2 50.000 50.000PROTISHRUTI 15.000 8.000Regional Arab Federation of Associations for Voluntary Family Control 23.000 23.000Regional Organization for the Protection on the Marine Environment 100.000 100.000Research and Development Forum for Science-led Development in Africa 30.000 30.000Scholarship Fund for Palestinian Women in Lebanon 100.000 100.000Science Evironmental Policy Project (Hudson University) 55.000 55.000Seminar on the financing of new and renewable sources of energy 20.000 14.197Serra Matto Organization 50.000 50.000Shelter-Afrique 15.000 15.000Societé Internationale de l’Urologie (SIU) 60.000 60.000

Appendix VII

Approved Disbursed

111

Society for Austro-Arab Relations 170.000 170.000Society of African Physicists and Mathematicians 55.000 55.000SOS Children’s Villages – Austria 100.000 100.000South Center 100.000 100.000South Commission 30.000 30.000St. John’s Ophthalmic Hospital, Jerusalem 50.000 50.000Study – Energy Taxation and Economic Growth 90.000 74.470Study – The Vanishing Greenhouse Effect 100.000 49.784Study – The World Trade Organization and the Developing Countries 100.000 86.926SWDA: Rehabilitation of Vulnerable Street Children in Addis Ababa 50.000 50.000Third World Foundation (United Kingdom) 10.000 10.000TRLC (Trans-Saharan Road Liaison Committee) 81.000 81.000TWAS (Third World Academy of Sciences):Associate Membership Scheme

at Centers of Excellence in the South 200.000 200.000TWNSO (Third World Network of Scientific Organizations) 250.000 170.000UNCTAD (United Nations Conference on Trade and Development) 30.000 30.000UNESCO (United Nations Educational, Scientific and Cultural Organization) 50.000 45.318UNICEF – Exhibition of children’s art at UN headquarters in New York 27.500 27.500UNIDO:Assistance to the Fishery Sector 100.000 86.232United Nations Economic Commission for Africa 50.000 50.000United Nations International Research and Training Institute for

the Advancement of Women 10.000 10.000University Children’s Hospital Vienna 75.000 75.000University of Science and Technology in Kumasi, Ghana 10.000 10.000University of Vienna 15.000 0.000UNROD: United Nations Register of Damage Caused by the Construction of

the Wall in the Occupied Palestine 200.000 100.000UNRWA Commemorative Photo Album 5.000 5.000UTTARAN:Advancing Sustainable Environmental Health Program in

the South West Region of Bangladesh 50.000 50.000Vienna Institute for Development 30.000 30.000West African Health Community 10.000 10.000West African Regional Remote Sensing Center 10.000 10.000WHO – handbook on human resources development 7.500 0.000Women without Borders:“Fair Share” Capacity Building for Achieving

the Millennium Development Goals 50.000 40.816World Meteorological Organization (WMO) 70.000 68.850World Parks Congress (WPC) 100.000 100.000Worldview International Foundation 40.000 40.000ZEITUNAT 100.000 50.000Total 13.382.23 11.734.49

Appendix VII

Approved Disbursed

112

Amount Amountapproved disbursed

Afghanistan 1,300.0 1,297.0Algeria 946.0 941.3Austria 200.0 200.0Bangladesh 1,700.0 1,634.9Bolivia 100.0 100.0Bosnia and Herzegovina 2,720.0 2,719.7Burkina Faso 200.0 200.0Chad 200.0 200.0China 1,000.0 1,000.0Colombia 100.0 100.0Congo, DR 100.0 100.0Cuba 300.0 297.8Djibouti 50.0 45.6Dominican Republic 100.0 100.0Ecuador 100.0 100.0El Salvador 350.0 350.0Emergency assistance to African countries 5,000.0 5,000.0Ethiopia 600.0 596.8Food Crisis in the Sahel Region 1,200.0 1,200.0Great Lakes Region of Africa 500.0 479.5Guatemala 350.0 350.0Haiti 400.0 399.5Honduras 300.0 288.7India 1,100.0 1,100.0Indonesia 2,800.0 2,799.8International Emergency Food Reserve 25,000.0 25,000.0Iran, IR 2,350.0 2,344.9Iraq, Republic of 1,200.0 1,200.0Korea, DPR 400.0 400.0Kosovo 300.0 300.0Lebanon 1,550.0 1,550.0Madagascar 150.0 0.0Maldives 150.0 150.0Mauritania 200.0 200.0Mongolia 100.0 99.9Morocco 250.0 250.0Mozambique 200.0 200.0Multi-regional Aid to Fight World Hunger 500.0 0.0Multi-regional Food Price Rice Crisis 1,500.0 1,500.0Myanmar 500.0 500.0Nicaragua 150.0 150.0Niger 200.0 200.0Pakistan 900.0 889.4Papua New Guinea 100.0 0.0Peru 200.0 200.0Philippines 700.0 700.0Rwanda 400.0 400.0Senegal 200.0 200.0Somalia 1,150.0 1,150.0Sri Lanka 200.0 200.0Sudan 800.0 794.5Tanzania (Zanzibar) 50.0 50.0Thailand 100.0 100.0Tunisia 30.5 29.4Turkey 250.0 250.0Venezuela 600.0 600.0Vietnam 120.0 120.0Yemen 200.0 197.6Total 62,416.5 61,526.3

Emergency Assistance Grants – cumulative approvals as of December 31, 2009

(in thousands of dollars)

Appendix VIII

113

Amount Amountapproved disbursed

Special Grant Account for Palestine*Abu Raya Rehabilitation Center 350.0 341.5Agricultural Green Valley Association 50.0 50.0Agricultural Guiding and Awareness Society 50.0 50.0Air & Light Agricultural Development Association 150.0 150.0Al Nayzak Organization 100.0 58.3Al Quds Open University 50.0 0.0Al Razi Health Complex 150.0 139.0Al-Amal Orphan Society 150.0 150.0Alawda Benevolent Society 50.0 50.0Al-Burij Society for Community Rehabilitation 50.0 50.0Al-Dameer Association 100.0 30.0Al-Fukhary Rural Development Association 50.0 50.0Al-Ihsan Charitable Society for the Disabled 100.0 50.0Al-Karmel Cultural and Social Development Association 400.0 400.0Al-Kheimah Cultural Center 100.0 0.0Al-Mortaqa Foundation for Women 50.0 0.0Al-Mujamaa Al-Islami Association 150.0 150.0Al-Murtaqa Foundation 20.0 15.4Al-Razi Hospital 300.0 206.0Al-Salah Benevolent Medical Center 100.0 100.0Al-Shifa Hospital 200.0 100.0Al-Zakat Hospital 250.0 232.5An Najah National University 300.0 300.0AOAD – Supporting the Farmers Affected from the Separation Wall 250.0 226.1Arab Agronomists Association 100.0 30.0Arab Center for Agricultural Development 100.0 100.0Arab Medical Union 50.0 50.0Arab Society for Orphans 100.0 0.0Arab Thought Forum (ATF) 100.0 100.0Arrabah Municipality 100.0 0.0Assalama Charitable Society 50.0 50.0Assistance to Civil Society Organizations West Bank (MIFTAH) 170.0 157.7Assistance to Educational Institutions Phase I 2,000.0 2,000.0Assistance to Educational Institutions Phase II 2,000.0 2,000.0Assistance to Educational Institutions Phase III 4,000.0 4,000.0Assistance to Educational Institutions Phase IV 2,000.0 2,000.0Association of General Services – Canada Camp 100.0 100.0Baitona for Community Development 150.0 150.0Balsam Rehabilitation Society 50.0 50.0Bethlehem Arab Society for Rehabilitation (BASR) 670.0 670.0Bisan Center for Research and Development 100.0 0.0Bunian Association for Training & Evaluation and Community Studies 50.0 50.0Burqin Ladies Center Society 100.0 0.0Caritas Jerusalem 200.0 179.4Center for Development and Labor Studies 50.0 50.0CHF International Palestine 100.0 100.0Cultural Center for the Development of Child 100.0 30.0Culture and Free Thought Association 50.0 50.0Dar Al-Tifel Al-Arabi (D.T.A.) Institute 350.0 250.0Dar Essalam Hospital 100.0 100.0Deir El-Balah Rehabilitation Society 300.0 300.0Development of Palestinian Farmers Association 50.0 50.0EAI – Improving the Quality of Palestinian Education 150.0 150.0Early Childhood Resource Center (ECRC) 450.0 450.0

Special grant accounts – cumulative approvalsas of December 31, 2009

(in thousands of dollars)

Appendix IX

* This special account was approved on November 19, 2002. Grants for Palestine approved prior to this date are shown in Appendices VI & VII.

114

East Jerusalem YMCA 350.0 200.0Edward Said National Conservatory of Music (ESNCM) 500.0 350.0El Salah Benevolent 100.0 100.0El Wafa Medical Rehabilitation Hospital 200.0 150.0El Wedad Society 350.0 350.0El-Amal Rehabilitation Society 350.0 350.0El-Nourain Society for Rehabilitation of the Disabled 150.0 150.0El-Rashid Charity Organization 50.0 50.0Emergency Aid to Palestine 3,000.0 3,000.0 Emergency Medical Equipment for Palestinian Hospitals and Medical Centers 2,000.0 2,000.0Emergency Project for Palestinian Communities Affected by the Separation Wall 2,000.0 2,000.0Fata Medical Hospital 100.0 0.0Four Homes of Mercy 100.0 0.0Friends School of Ramallah 200.0 200.0FSPC – Empowerment of Farmers and Women to Serve their

Communities in the West Bank and Gaza Strip 200.0 200.0Gaza Community Mental Health Program 150.0 150.0Gaza Culture & Development Group 150.0 150.0Give Gaza 100.0 100.0Good Shepherd Swedish School 100.0 0.0Gulf Educational Association 50.0 50.0Gulf Educational Organization 50.0 50.0Hajar Center 50.0 0.0Hawwa Society Center 300.0 300.0HOPE 140.0 90.0Human Appeal 50.0 50.0Humaness Succor Association 50.0 50.0Improve the Livelihood of Palestinians in Jerusalem 1,500.0 0.0INJAZ Palestine 50.0 50.0Islamic Association – Rafah 150.0 150.0Islamic Relief 4,000.0 4,000.0Islamic Society 150.0 150.0Islamic Society in Jabalia Nasra City 50.0 50.0Jenin Charitable Society 100.0 0.0Jerusalem Center for Social and Economic Rights 100.0 0.0Jerusalem Legal Aid and Human Right Center 100.0 100.0Jerusalem Princess Basma Centre for Disabled Children (JCDC) 450.0 450.0Juzoor Foundation 200.0 100.0Khuza’a Permaculture Center Association 150.0 150.0Local Association for Social Services 50.0 50.0Ma’an Development Center 150.0 150.0Micro Enterprise for Palestine (PALFUND) 10,000.0 9,000.0Mohamed Ali Muhtaseb Hospital 100.0 0.0National Agency for Family Care 100.0 100.0National Association for Moderation & Development 100.0 100.0National Charitable Society/Deheishah Medical Centre 100.0 0.0National Council for Development 350.0 250.0National Homework Centers 100.0 50.0National Society for Rehabilitation 150.0 80.0PADR 150.0 150.0PAEEP 100.0 100.0Palestine Save the Children Foundation 150.0 150.0Palestinian Agency for Development and Culturing 50.0 50.0Palestinian Agricultural Relief Committees 450.0 375.0Palestinian Association for Development and Reconstruction 50.0 50.0Palestinian Association for Education and Environmental Protection 200.0 200.0Palestinian Association for Rehabilitation of Disabled 50.0 50.0

Amount Amountapproved disbursed

Appendix IX

115

Palestinian Center for Youth Work 150.0 150.0Palestinian Charitable Family Planning and Protection Society 400.0 211.7Palestinian Child Support Society 50.0 50.0Palestinian Children’s Relief Fund 200.0 100.0Palestinian Commission for Refugees Rights Protection 50.0 50.0Palestinian Committee for Drug Studies 250.0 180.0Palestinian Conflict Resolution Center WI’AM 50.0 15.0Palestinian Corporation for University Students 50.0 50.0Palestinian Counseling Center 150.0 129.3Palestinian Development Forum 150.0 150.0Palestinian Early Childhood Education Programs 100.0 100.0Palestinian Economic Policy Research 200.0 200.0Palestinian Farmers Union 100.0 100.0Palestinian Polytechnic University 60.0 18.0Palestinian Population, Housing and Establishment Census 2007 1,500.0 1,500.0Palestinian Red Crescent Society 800.0 800.0Palestinian Welfare House 100.0 65.0PARD 100.0 100.0Patient’s Friends Benevolent Society 350.0 350.0Patient’s Friends Society Al Ahli Hospital Hebron 100.0 0.0Patient’s Friends Society Bethlehem 50.0 15.0Patient’s Friends Society Hebron 150.0 150.0Patient’s Friends Society Jenin 150.0 45.0Patient’s Friends Society Jerusalem 120.0 36.0Project Loving Care Society 100.0 100.0Protracted Food Assistance to Palestine 2,000.0 2,000.0Provision of School Text Books in Palestine 2,500.0 2,483.2Public Aid Society 250.0 250.0Rawdat El-Zuhur 100.0 100.0Reconstruction and Recovery of Nahr el-Bared Palestinian

Refugee Camp in Lebanon 5,000.0 2,000.0Rehabilitation and Reconstruction of Damaged Houses and

Properties in Palestine (Phase II) 2,000.0 2,000.0Right to Live Society 300.0 230.0Rural Women’s Development Society 100.0 100.0Salfeet Hospital 200.0 200.0Science and Culture Center 100.0 100.0Sharek Youth Forum 100.0 30.0Skills Training for Marginalized Youth in the West Bank 100.0 50.0Society for Austro-Arab Relations 200.0 150.0Society of Ina’sh El-Usra 225.0 225.0Society Voice Foundation 150.0 150.0St. John of Jerusalem Eye Hospital Group 100.0 0.0St. Luke’s Hospital 200.0 200.0Stars of Hope Center 50.0 50.0Student Friends Association 150.0 150.0Tayba Development Corporation 50.0 50.0TCAS – Center for Agricultural Services 170.0 170.0Thalassemia Patient’s Friends Society 200.0 0.0UNDP – Development of Irrigation Systems and Water Resources

in the West Bank 2,000.0 0.0Union of Agricultural Work Committees 250.0 250.0Union of Charitable Societies 50.0 0.0Union of Health Care Committees (UHCC) 500.0 425.0Union of Health Work Committees 300.0 300.0University College of Applied Sciences 50.0 50.0UNRWA – Scholarship Fund for Talented Palestinians 1,200.0 150.0

Amount Amountapproved disbursed

Appendix IX

116

Urgent Housing Program for Handicapped and Poor Families in Palestine/Phase I 2,500.0 2,261.8Urgent Housing Program for Handicapped and Poor Families in Palestine/Phase II 2,500.0 750.0Women Child’s Care Society 100.0 100.0Women Empowerment in Underserved Areas 100.0 100.0Women’s Association for Child Care – “The Open Windows”

Youth House in Bethlehem 50.0 50.0World Assembly of Muslim Youth 50.0 50.0World Links Arab Region 200.0 200.0Yabous Productions 200.0 200.0Yafa Medical Hospital 100.0 100.0Young Women’s Christian Association (YWCA) 450.0 300.0Youth Development Association 100.0 54.1Youth Enhancement Center 100.0 100.0Total 78,175.0 63,105.0

Food Aid Special Grant Account Affected African countries 20,000.0 20,000.0Total 20,000.0 20,000.0

HIV/AIDS Special Grant Account FPD – African HIV/AIDS Training Partnership 1,500.0 1,000.0IAS – XV International AIDS Conference in Bangkok,Thailand 90.0 90.0IAVI – Joint AIDS Vaccine Research and Development Program 3,500.0 0.0IFRC – Reducing Household Vulnerability to HIV/AIDS in Selected

Countries of Asia & the Pacific 2,000.0 2,000.0IDLO – Joint Program on Legal Reform to More Effectively Manage HIV/AIDS 2,000.0 0.0ILO – Multi-regional Project on HIV/AIDS Workplace Policies & Programs 2,000.0 1,907.2ILO – Multi-regional Project on Strengthening the World of Work

Response on HIV/AIDS 2,500.0 1,000.0UN AMICAALL - Reducing the Impact of HIV/AIDS on Young People in Namibia 250.0 250.0UNAIDS - Global Initiative on HIV/AIDS 4,000.0 4,000.0UNAIDS: 16th International AIDS Conference,Toronto, Canada 350.0 350.0UNAIDS: 17th International AIDS Conference, Mexico City, Mexico 350.0 350.0UNDP: Joint Response to HIV/AIDS in the Arab States Region 3,500.0 2,315.0UNECA - CHGA Commission for HIV/AIDS and Governance in Africa 300.0 297.6UNESCO: Partnership for Comprehensive Education Sector Responses to

HIV/AIDS in East & Southern Africa 3,500.0 1,500.0UNESCO: Reducing the Impact of HIV/AIDS Crisis in and through Education 2,250.0 2,111.4UNFPA – HIV/AIDS Prevention in Central America and the Caribbean 3,200.0 3,200.0UNFPA – HIV/AIDS Prevention in Selected Arab Countries 1,000.0 1,000.0UNHCR – Fighting HIV/AIDS with Refugees in Central Africa 1,500.0 1,412.8UNHCR – Joint HIV/AIDS Program for Internally Displaced Persons & Returnees

in Côte d'Ivoire & Liberia 1,500.0 999.9UNICEF – Mother/Child Global Project to Fight HIV/AIDS 4,000.0 3,940.0UNICEF: Scale-up Prevention of Mother/Child Transmission of HIV/AIDS

in Sub-Saharan Africa 3,500.0 2,941.9UNODC – HIV/AIDS Prevention and Care among Vulnerable Groups in

Central Asia 2,000.0 2,000.0UNODC – Joint Program to Prevent HIV/AIDS through Treatnet Phase II 3,000.0 1,000.0WFP – Universal Access to HIV Treatment, Prevention and Care in Latin America

& Caribbean 1,450.0 1,450.0WHO – 3 by 5 Initiative in Health Systems in Africa 3,500.0 3,500.0WHO – Initiative against HIV/AIDS in Africa 8,110.0 8,110.0WHO – Joint Partnership on Prevention of Transfusion-Transmitted HIV/AIDS

and Hepatitis Infections in Priority Countries 3,500.0 0.0Total 64,350.0 46,725.8

Amount Amountapproved disbursed

Appendix IX

117

Country/region Commitments DisbursementsBenin 1.020 0.352Botswana 1.020 0.352Burkina Faso 1.020 0.352Burundi 1.000 0.350Cape Verde 1.000 0.350Central African Republic 1.030 0.354Chad 1.040 0.371Comoros 1.000 0.350Djibouti 1.000 0.387Ethiopia 1.120 0.367Gambia,The 1.030 0.354Guinea 1.070 0.361Guinea-Bissau 1.000 0.350Lesotho 1.000 0.350Malawi 1.040 0.357Mali 1.040 0.357Mauritania 1.120 0.396Niger 1.020 0.352Rwanda 1.040 0.357Sierra Leone 1.040 0.357Somalia 1.020 0.352Sudan,The 1.360 0.401Tanzania 1.190 0.378Uganda 1.270 0.388Africa 25.490 8.695

Afghanistan 1.070 0.401Bangladesh 1.430 0.411Bhutan 1.000 0.350Lao, P.D.R. 1.010 0.389Maldives 1.000 0.350Myanmar 1.060 0.344Nepal 1.010 0.352Samoa 1.000 0.350Yemen* 2.040 0.705Asia 10.620 3.653

Haiti 1.050 0.357The Caribbean 1.050 0.357

Total 37.160 12.705

Grants for subscriptions to the Common Fund for CommoditiesFirst Account as of December 31, 2009

(in millions of dollars)

Appendix X

* Prior to unification in 1990, separate grants were extended to Yemen AR and Yemen PDR.

118

Project Title Beneficiary Country DisbursementsPromotion of Export of Organic Bananas Ethiopia, Sudan 1.000Diversification and Marketing of Value-added Fishery Products Guinea, Mauritania 0.621Diversification Program for Vegetable Export Development Ethiopia, Sudan 1.000Medicinal Plants and Herbs in Eastern Himalayas: Developing Sustainable Supply Chain and Enhancing Rural Livelihood Bangladesh, Bhutan, Nepal 1.000West Africa Sorghum Supply Enhancement Project Ghana, Sierra Leone 1.000Organic Aquaculture Malaysia, Myanmar,Thailand, 0.379Enhancing Incomes of Smallholder Rubber Farmers Cameroon, Côte d'Ivoire, Ghana 1.000Strengthening the Productivity and Competitiveness of the Smallholders Dairy Sector Lesotho, Zambia 1.000Improving Marketing Efficiency of the Small-scale Fisheries Sector Angola, Mozambique 0.500Potato Value Chain Development in West Africa Guinea, Senegal 1.000African Sugar Development Kenya,Tanzania, Uganda 1.000Pilot Project on Increased Farm Income from Banana-Based Beverages in the Lake Victoria Basin Tanzania, Uganda 1.000Developing the Potential of the Gourmet Robusta Market Gabon,Togo 0.500Development and Piloting of Horticulture Out-Grower Schemes for Export Markets in Eastern & Southern Africa Tanzania, Zimbabwe 1.000Improving the Competitiveness of Rice in Central Africa Cameroon, Central African Republic,

Chad 0.500Wealth Creation through Potatoes: Increasing Production and Developing New Market Opportunities for Smallholder Potato Growers Ethiopia, Kenya, Uganda 0.500Upgrading of Small-scale Fisheries and their Integration in International Trade Djibouti, Morocco,Yemen 0.500Increasing the Resilience of Coffee Production to Leaf Rust and other Diseases in India & Four African Countries India, Kenya, Rwanda, Uganda,

Zimbabwe 0.500Extension of the Ponsomtinga Delicio Fruit and Vegetable Processing Unit Burkina Faso 0.500Production of Certified Fruits and Vegetables in the Greater Mekong Sub-Region Lao, Myanmar 1.000Development and Commoditization of the Pre-fabricated Modular Bamboo Housing in Asia and Africa Ethiopia, Nepal 1.000Capacity Building and Re-juvenation of Tea Smallholdings by Adopting Eco-friendly Management Practices and Strengthening Marketing Links for Enhanced Income Generation of Poor Farming Communities Indonesia, Bangladesh 0.921Program for the Development and Dissemination of Sustainable Irrigation Management in Olive Growing Morocco, Syria 0.400Improving the Competiveness of Small Scale Oil Palm Farmers and Production in Latin America and the Caribbean Colombia, Ecuador,Venezuela 0.679Increased Production Efficiency in Smallholder Kenaf Production Systems for Specific Industrial Applications Bangladesh, China, Malaysia 1.000Development of Export-oriented Sesame Production & Processing Burkina Faso, Mali 0.750Small Scale Cassava Processing and Vertical Integration of the Cassava Sub-sector in Eastern and Southern Africa – Phase II Madagascar,Tanzania, Zambia 1.000Jute Geotextiles Bangladesh, India 1.000Building Capacity in Coffee Certification and Verification Burundi, Congo DR, Ethiopia, Kenya,in Eastern Africa Madagascar, Malawi, Rwanda,Tanzania,

Uganda, Zambia, Zimbabwe 1.000Increased Production of Root and Tuber Crops in the Caribbean through the Introduction of Improved Production and Marketing Technologies Haiti, Jamaica,Trinidad and Tobago 0.500Total 23.750

Grants drawn from the Second Account of the Common Fund for Commodities as of December 31, 2008

(in millions of dollars)

Appendix XI

119

Pledged contributions to

OFIDdirect IMF

Country operations IFAD** Trust Fund Total

Algeria 75,140,000 25,580,000 100,720,000

Ecuador* 5,120,000 5,120,000

Gabon 3,819,000 1,301,000 5,120,000

Indonesia 9,281,000 3,159,000 12,440,000

Iran, IR 376,548,558 139,637,250 516,185,808

Iraq 110,101,000 51,099,000 17,308,831 178,508,831

Kuwait 270,359,000 92,041,000 10,348,175 372,748,175

GSP Libyan AJ 150,101,000 51,099,000 3,805,159 205,005,159

Nigeria 177,702,797 66,459,000 244,161,797

Qatar 67,500,000 22,980,000 3,155,497 93,635,497

Saudi Arabia 750,862,000 261,118,000 21,299,607 1,033,279,607

United Arab Emirates 123,900,000 42,180,000 2,366,623 168,446,623

Venezuela 342,711,000 104,489,000 52,436,941 499,636,941

Total 2,463,145,355 861,142,250 110,720,833 3,435,008,438

Paid-in contributions to

OFID IFAD**direct Promissory IMF

Country operations Cash notes Trust Fund Total

Algeria 75,140,000 25,580,000 100,720,000

Ecuador* 4,115,684 4,115,684

Gabon 3,503,486 1,301,000 4,804,486

Indonesia 9,281,000 3,159,000 12,440,000

Iran, IR 149,489,246 12,225,500 29,357,833 191,072,579

Iraq 55,544,194 6,283,200 44,815,800 17,308,831 123,952,025

Kuwait 270,359,000 92,041,000 10,348,175 372,748,175

GSP Libyan AJ 150,101,000 20,000,000 3,805,159 173,906,159

Nigeria 177,702,797 66,459,000 244,161,797

Qatar 67,500,000 22,471,657 508,343 3,155,497 93,635,497

Saudi Arabia 750,862,000 261,118,000 21,299,607 1,033,279,607

United Arab Emirates 123,900,000 42,180,000 2,366,623 168,446,623

Venezuela 342,711,000 104,489,000 52,436,941 499,636,941

Total 2,180,209,407 657,307,357 74,681,976 110,720,833 3,022,919,573

* Ecuador withdrew from OFID as of December 1993.** Only contributions made through OFID, i.e. IFAD’s initial resources and First Replenishment.

Statement of contributions to OFID byOPEC Member Countries as of December 31, 2009

(in dollars)

Appendix XII

120

1.The Annual ReportsPublished since 1976 in Arabic, English, French andSpanish.

2. OFID Quarterly (formerly OFID Newsletter)Published quarterly since 2009.

3. OFID Pamphlet Series and Authored PapersBiofules and Food Security. Implications of anaccelerated biofuels production. Summary of theOFID study prepared by IIASA, 2009.

The Quest for Economic Reform and StructuralTransformation in the Arab Region by Dr. Heba Handoussa, 2007.

Macro-economic Evolutions of Arab Economies:A Foundation for Structural Reforms by Dr. Kunibert Raffer, 2007.

The Legacy of Trade Reforms in the ArabCountries by Dr. Raed Safadi, 2006.

The Contribution of the Oil Sector to ArabEconomic Development by Dr. Majid Al-Moneef,2006.

Arab Aid: Past, Present and Future, Speechesdelivered at the Symposium on Arab Development Aid, 2003.

OPEC Nations and the Global Dialogue onSustainable Development, Statements from theUnited Nations World Summit on Sustainable Development,2002.

Financing for Development:An OPEC Presence,Statements from the United Nations International Conferenceon Financing for Development, 2002.

Financing for Development, Proceedings of aWorkshop of the G-24 held at Nigeria House,New York, 2002.

Coherence or Dissonance in the InternationalFramework:A Shifting Paradigm, Proceedings of a Workshop of the G-24 held at the OPEC Fund forInternational Development, 2001.

The World Trade Organization and theDeveloping Countries by Rasheed Khalid,Philip Levy and Mohammad Saleem, 1999.

Energy Taxation and Economic Growth by AdamSeymour and Robert Mabro, 1994.

Africa and Economic Structural Adjustment:Case Studies of Ghana, Nigeria and Zambia by Bright E. Okogu, 1992.

Development and Resource-Based Industry:TheCase of the Petroleum Economies by AbdelkaderSid-Ahmed, 1990.

Africa’s External Debt:An Obstacle toEconomic Recovery by Y. Seyyid Abdulai, 1990.

Three Decades of OPEC Aid:A Survey by Y. Seyyid Abdulai, 1987.

Accounting for “Wasting Assets”: IncomeMeasurement for Oil and Mineral-ExportingRentier States by Thomas R. Stauffer, 1984.

The OPEC Fund’s Experience in ProjectFinancing with Local Counterpart Funds(1976–82) by Mehdi M.Ali, 1983.

Concessional Flows to Developing Countries:A General Retrospective and Prospects for theFuture by Ibrahim F.I. Shihata, 1983.

The Unique Experience of the OPEC Fund byIbrahim F.I. Shihata, 1983.

New and Renewable Sources of Energy –Evaluating Selected Technologies by AndrewMackillop and Salah Al-Shaikhly, 1982.

Cost Benefit or Technology Assessment by Alfredode Valle, 1982.

Sub-Saharan Africa:The Need for ConcertedAid Strategy, 1982.

Strengthening the Transfer of Resources to Developing Countries by Mohamed A. El-Erian, 1982.

The OPEC Fund for International Development:The First Five Years by Ibrahim F.I. Shihata, 1981(English and French).

Restoring Perspectives on the Energy Issues bySalah Al-Shaikhly and Mahbub ul Haq, 1981.

The OPEC Fund and the Least DevelopedCountries, 1981.

Oil Surplus Funds:The Impact of the Mode ofPlacement by Hazem El-Beblawi, 1981.

Financing the Energy Requirements ofDeveloping Countries – The Role of OPEC Aid by Mehdi M.Ali, 1981.

OPEC as a Donor Group by Ibrahim F.I. Shihata,1980/81 (Arabic, English, German and Spanish).

The Future of Arab Aid by Ibrahim F.I. Shihata,1980/81 (Arabic, English, German and Spanish).

OPEC States and Third World Solidarity by Zuhair Mikdashi, 1980.

The UNCTAD Report on OPEC Aid:A Summary,1980 (Arabic, English, French and Spanish).

The OPEC Special Fund and the North-SouthDialogue by Ibrahim F.I. Shihata, 1979.

Energy and the Developing Countries by Abbas Alnasrawi, 1979.

Publications issued by OFID*(in descending chronological order)

Appendix XIII

* All publications are in the title language, unless otherwise specified.

121

El Fondo Especial de la OPEP y sus operacionesen América Latina y el Caribe by Pablo EleazarLinares, 1979.

The OPEC Aid Record by Ibrahim F.I. Shihata andRobert Mabro 1978 (Arabic, English and French).

Reactivating the North-South Dialogue by Mahbubul Haq, 1978.

OPEC Aid, the OPEC Fund and Cooperationwith Commercial Sources of DevelopmentFinance by Ibrahim F.I. Shihata, 1978.

The Pricing of Oil:The Basic Facts by Ali M. Jaidah, 1977.

The OPEC Special Fund:A New Approach toInternational Financial Assistance by Ibrahim F.I. Shihata, 1976.

4. Other DocumentsThe Private Sector Facility. Our business issupporting your business, 2009 [published in Arabic,English, Farsi, French, German and Spanish].

OFID – A Dynamic Partner, 2007 [published inArabic, English, French, Spanish, Farsi and German].

Thirty Years of Development Cooperation, 2006 [published in Arabic, English, French and Spanish].

Special Bilingual Edition of the OPEC FundNewsletter, produced for the Tenth Conference of theHeads of Arab Funds, the Islamic Development Bank andthe OPEC Fund, 2006 [published in Arabic and English].

IFAD and the OPEC Fund:A Partnership toEradicate Rural Poverty, Rome, Italy, 2005 [publishedjointly by IFAD and OFID in Arabic, English, French andSpanish].

Questions and Answers, 4th edition, 2001 [published in Arabic, English, French and Spanish].

Arab National and Regional DevelopmentInstitutions:A Profile, 2004 [published biennially since1999 in Arabic and English].

OPEC Aid Institutions:A Profile, 2004 [publishedbiennially since 1998; from 1981–98, annually].

The Private Sector Facility, 2000.

The OPEC Fund: 25 Years of DevelopmentCooperation, 2000 [published in Arabic, English, Frenchand Spanish].

The OPEC Fund:A Regional Perspective, 2000.

The Agreement Establishing the OPEC Fund forInternational Development, reprint 2000.

The OPEC Fund:The First Twenty Years, 1996.

The OPEC Fund in Africa, 1992 [published in Englishand French].

The OPEC Fund in Asia, 1989.

The OPEC Fund in Latin America and the Caribbean, 1988 (English and Spanish).

Guidelines for Procurement under LoansExtended by the OPEC Fund for InternationalDevelopment, 1988 [published in English and French].

To Help People Help Themselves, 1986.

Disbursement Procedures, 1983.

The OPEC Fund in Africa, 1982 [published in Englishand French].

Rules of Procedure of the Ministerial Council,1980.

Rules of Procedure of the Governing Board, 1978.

5. BooksBiofuels and Food Security. Full OFID study preparedby IIASA, 2009.

Making a Difference: OFID and the Fight against Poverty, edited by Allison McKechnie. London,England: Maxhill Publishing Ltd., 2006.

Making a Difference:The OPEC Fund and the Fight against Poverty, edited by Allison McKechnie. London,England: Bi-Ti-Ex Worldwide Ltd., 2004.

The OPEC Fund and Development Cooperation in a Changing World, Selected statements of Y. Seyyid Abdulai. Mauerbach,Austria:Agens & KetterlGmbH, 2003.

The Misinterpreted Greenhouse Effect: ClimateChanges – Causes and Consequences, edited byHelmut Metzer in Energy & Environment, Vol. 9, No. 6, Multi-Science Publishing Co. Ltd., Essex, U.K., 1998.

Hot Talk, Cold Science: Global Warming’sUnfinished Debate by S. Fred Singer. Oakland,California (USA):The Independent Institute, 1997.

Development:The Unresolved Issues, Selectedstatements of Y. Seyyid Abdulai.Vienna: Bohmann Druck,1990.

OPEC Aid and the Challenge of Development,edited by A. Benamara and S. Ifeagwu. London: CroomHelm, 1987.

The OPEC Fund for International Development:The Formative Years by Ibrahim F.I. Shihata et al.London: Croom Helm, 1983.

The Other Face of OPEC – Financial Assistanceto the Third World by Ibrahim F.I. Shihata. London:Longman Group Ltd., 1982 [published in English, Frenchand Spanish].

Appendix XIII

122

January

BEIJING, CHINAOfficial, high-level country missionDirector-General; Director,Asia and Middle-East Region;Staff.

KUWAIT CITY, KUWAITArab Economic and Social Development SummitArab Private Sector Forum Director-General; Director,Asia and Middle-East Region;Staff.

KUWAIT CITY, KUWAIT64th Meeting of the Coordination Group of ArabFunds, Islamic Development Bank and OFIDAssistant Director General, Operations; Director,Asia andMiddle-East Region.

MADAGASCARPublic sector project supervision missionStaff.

MADRID, SPAINUN high-level meeting on food securityStaff.

February

MANAMA, BAHRAINPrivate sector lenders’ meetingStaff.

VIENNA,AUSTRIAConference on Guidelines for the Collection ofData on Trafficking in Human BeingsDirector-General and Staff.

SHARM EL SHEIKH, EGYPTInternational Conference in Support of the Palestin-ian Economy for the Reconstruction of GazaAssistant Director-General, Finance; Director,Asia andMiddle-East Region; Staff.

March

VIENNA,AUSTRIAFundraising event by the Society of Austro-ArabRelations for GazaDirector-General and Staff.

VIENNA,AUSTRIAMeeting of International Finance Institutions andDevelopment Finance InstitutionsAssistant Director-General, Operations.

DAKAR, SENEGAL1st Forum of Arab and African ConstructionCompaniesStaff.

VIENNA,AUSTRIA4th OPEC International SeminarDirector-General;Assistant Director-General, Operations;Director, Corporate Planning and Economic Services; Staff.

MEDELLIN, COLOMBIA50th Annual Meeting of the Board of Governors ofthe IDBAssistant Director-General, Operations; Director, LatinAmerica, Caribbean and Europe Regions; Staff.

VIENNA,AUSTRIAConference of the International Organization forMigrationStaff.

AZERBAIJANOfficial, high-level country missionDirector-General, Director,Asia and Middle-East Region;Staff

April

WASHINGTON DC, USAWorld Bank Group Energy Week ConferenceStaff.

AMMAN, JORDANMeeting of Arab InstitutionsDirector-General and Staff.

PARIS, FRANCEAnnual Brainstorming Meeting of the OxfordInstitute for Energy Studies Director-General.

LONDON, UKHuman Resources Development ConferenceStaff.

VIENNA,AUSTRIA3rd Banking Forum for CIS Countries and EasternEurope20th Conference of the Banking Association forCentral and Eastern Europe Assistant Director-General, Operations.

DAMASCUS, SYRIAOfficial, high-level country mission Director-General and Staff.

OFID missions, meetings and conferences attended in 2009

Appendix XIV

123

May

BALI, INDONESIA42nd Annual Meeting of the Board of Governors ofthe AsDBDirector,Asia and Middle-East Region; Staff.

KUWAIT CITY, KUWAITJoint Meeting of the Members of the CoordinationGroup and the Development Assistance Committeeof the OECD Director-General;Assistant Director-General, Operations;Director,Asia and Middle-East Region.

DAKAR, SENEGALAnnual Meeting of the AfDBDirector,Africa Region; Staff.

BOLIVIAPublic sector project appraisal missionStaff.

WASHINGTON DC, USAUNCSD-17Staff.

BEIRUT, LEBANONInauguration of the Pan Arab Highway projectDirector,Asia and Middle-East Region; Staff.

ABU DHABI, UAEArab Monetary FundDirector-General.

TANZANIAPublic sector project appraisal missionStaff.

RIYADH, SAUDI ARABIAEuromoney Saudi Arabia ConferenceDirector-General.

TEHRAN, IRANOfficial, high-level country missionDirector-General and Staff.

CAIRO, EGYPTOfficial, high-level country missionDirector-General and Staff.

June

BALI, INDONESIAWorld Bank Symposium on Public PensionGovernance and InvestmentStaff.

VIENNA,AUSTRIAOpening Forum of the International Conference“Europe and the Arab World – Connecting Partnersin Dialogue”Director-General and Staff.

BRUSSELS, BELGUIM20th Annual Session of the Crans Montana ForumDirector-General and Staff.

RIYADH, SAUDI ARABIA65th Meeting of the Coordination Group ofArab/OPEC/Islamic Development InstitutionsStaff.

July

TUNIS,TUNISIAPartnership Development Meeting of the Center ofArab Women for Training and Research Staff.

AMMAN, JORDANIslamic Development Bank MeetingStaff.

BEIJING, CHINAPublic sector project appraisal missionStaff.

ARMENIAOfficial, high-level country missionDirector-General and Staff.

MALAWIPublic sector project appraisal missionStaff.

August

LONDON, UKOxford Energy SeminarDirector-General and Staff.

CÔTE D’IVOIREOfficial, high-level country missionDirector-General and Staff.

VIENNA,AUSTRIAMeeting of the International Renewable EnergyAgency (IRENA)Director-General.

MANILA, PHILIPPINESPublic sector project appraisal missionStaff.

Appendix XIV

124

USAMeetings with portfolio managersStaff.

September

VIENNA,AUSTRIAConference of the European InternationalAssociation for Energy Economics Director-General and Staff.

VIENNA,AUSTRIAIAEA “Energy for Development Forum”Director, Corporate Planning and Economic Services.

VIENNA,AUSTRIAFirst Meeting of the Vienna-based InternationalEnergy OrganizationsDirector-General and Staff.

October

ISTANBUL,TURKEYAnnual Meetings of the World Bank and IMF Director-General and Staff.

RIYADH, SAUDI ARABIAPrivate sector missionStaff.

TIRANA,ALBANIAOfficial, high-level country missionInternational Conference on Foreign InvestmentDirector-General and Staff.

November

UGANDAPublic sector project appraisal missionStaff.

KENYAPublic sector project appraisal missionStaff.

BEIRUT, LEBANONOfficial, high-level country missionAFED Annual ConferenceDirector-General and Staff.

WASHINGTON DC, USAJoint Conference of the Bank for InternationalSettlements, the European Central Bank and theWorld BankAssistant Director-General, Finance; Staff.

ROME, ITALYWorld Food SummitDirector, Corporate Planning and Economic Services; Staff.

LONDON, UKThe Sierra Leone Investment and Donor ConferenceDirector,Africa Region; Staff.

DAKAR, SENEGALPublic sector project appraisal missionStaff.

December

MANAMA, BAHRAINOfficial high-level country missionDirector-General; Staff.

KUWAIT CITY, KUWAITArab Thought Foundation Annual Conference (Fikr 8)Director-General; Staff

VIENNA,AUSTRIAUNIDO Roundtable: Investing in and Financing GreenBusiness in the Arab RegionStaff.

COPENHAGEN, DENMARK15th UN Climate Change Conference (COP-15)Staff.

JOHANNESBURG, SOUTH AFRICAInternational Energy ForumDirector, Corporate Planning and Economic Services; Staff.

NAIROBI, KENYA3rd Forum of Arab and African Consulting FirmsStaff.

WASHINGTON DC, USAWorld Bank Consultative Meeting on the G20Energy Subsidy AgendaStaff.

Appendix XIV

125

AAU Association of African Universities

ACDESS African Center for Development and Strategic Studies

ACORD Agency for Cooperation and Research in Development

AfDB African Development Bank

AfDF African Development Fund

AFED Arab Forum for Environment andDevelopment

AGFUND Arab Gulf Program for United Nations Development Organizations

AGS Austrian Guinea Society

AIM Asian Institute of Management

AOAD Arab Organization for Agricultural Development

AOT Arab Organization for Translation

Arab Fund Arab Fund for Economic and Social Development

ARCT African Regional Center for Technology

AsDB Asian Development Bank

ASEAN Association of Southeast Asian Nations

AUDI Arab Urban Development Institute

BADEA Arab Bank for Economic Development in Africa

BANDES Banco de Desarrollo Económico y Social de Venezuela

BASR Bethlehem Arab Society for Rehabilitation

BEAC Banque des États de l’Afrique Centrale

BERDO Blind Education and Rehabilitation Development Organization

BOAD West African Development Bank

BOP Balance of payments

CA Cities Alliance

CABEI Central American Bank for Economic Integration

CAF Corporación Andina de Fomento

CDR Council for Development and Reconstruction

CEAO West African Economic Community

CFC Common Fund for Commodities

CGIAR Consultative Group on InternationalAgricultural Research

CIAT International Center for Tropical Agriculture

CIDA Canadian International Development Agency

CIMMYT International Maize and Wheat Improvement Center

CIP International Potato Center

CIS Commonwealth of Independent States

DAPP Development Aid from People to People

DEG Deutsche Investitions- und Entwicklungsgesellschaft m. b. H.

DPPC/WFP Disaster Prevention and Preparedness Commission/World Food Program

EAI Education Action International

EBRD European Bank for Reconstruction and Development

ECRC Early Childhood Resource Center (Palestine)

EIB European Investment Bank

ESAF Enhanced Structural Adjustment Facility

EU European Union

FAO Food and Agriculture Organization of the United Nations

FfD International Conference on Financing for Development

FPSC Foundation for the Social Promotion of Culture (Spain)

FUNDACEA Experimental Agricultural College Foundation

GDP Gross Domestic Product

GEF Global Environment Facility

GM-UNCCD Global Mechanism of the UN Convention to Combat Desertification

GNP Gross National Product

HIPC Heavily Indebted Poor Countries

HIV/AIDS Human Immunodeficiency Virus/ Acquired Immunity Deficiency Syndrome

IACD Inter-American Agency for Cooperation and Development

Abbreviations and Acronyms

126

IAEA International Atomic Energy Agency

IAS International AIDS Society

IAS Islamic Academy of Sciences

IBRD International Bank for Reconstruction and Development

ICAO International Civil Aviation Organization

ICARDA International Center for Agricultural Research in the Dry Areas

ICBA International Center for Biosaline Agriculture

ICD Islamic Corporation for the Development of the Private Sector

ICEP Institute for Cooperation in Development Projects

ICIPE International Center for Insect Physiology and Ecology

ICOMP International Committee on the Management of Population Programs

ICRISAT International Crops Research Institute for the Semi-Arid Tropics

ICT Information and Computer Technology

IDA International Development Association

IDB Inter-American Development Bank

IDE Institute of Developing Economies

IDLI International Development Law Institute

IFAD International Fund for Agricultural Development

IFC International Finance Corporation

IFRC International Federation of Red Cross and Red Crescent Societies

IIASA International Institute for Applied Systems Analysis

IITA International Institute of Tropical Agriculture

ILCA International Livestock Center for Africa

ILI International Law Institute

ILRI International Livestock Research Institute

IMF International Monetary Fund

IMO International Maritime Organization

IRRI International Rice Research Institute

IsDB Islamic Development Bank

ISNAR International Service for National Agricultural Research

IUCN World Conservation Union

IWMI International Water Management Institute

JOHUD Jordanian Hashemite Fund for Human Development

Kuwait Fund Kuwait Fund for Arab Economic Development

LDCs Least developed countries

LIBOR The London Interbank offered Rate of interest on Eurodollar deposits traded between banks

LNSP National Laboratory of Public Health (Burkina Faso)

LRPD Layton Rahmatulla Benevolent Trust

MDGs Millennium Development Goals

MENA Middle East and North Africa

Mercosur Mercado Común del Cono Sur

MSCI Morgan Stanley Capital International Inc.

NAFTA North American Free Trade Agreement

NEPAD New Partnership for Africa’s Development

NGDO Non-Governmental Development Organization

NGO Non-Governmental Organization

OAU Organization of African Unity

OCP/APOC Onchocerciasis Control Program/ African Program for Onchocerciasis Control

OIC Organization of the Islamic Conference

OHFOM Œuvres Hospitalières Française de l’Ordre de Malte

OLADE Organización Latinoamericana de Energía

OPALS Pan African Organization to Combat AIDS

OPEC Organization of the Petroleum Exporting Countries

127

PAHO Pan American Health Organization

PIU Project Implementation Unit

PRGF Poverty Reduction and Growth Facility

PROMU Promotion of Craftswomen and Women Workers

SADC Southern African Development Community

Saudi Fund Saudi Fund for Development

SELA Latin American Economic System

SME Small and Medium-sized Enterprises

SSI Sight Savers International

TCAS The Center for Agricultural Services (Palestine)

TEU Twenty foot equivalent unit

TWAS Third World Academy of Sciences

TWNSO Third World Network of Scientific Organizations

UN-AMICAALL United Nations Alliance of Mayors and Municipal Leaders on HIV/AIDS in Africa

UNAIDS Joint United Nations Program on HIV/AIDS

UNCED United Nations Conference on Environment and Development

UNCTAD United Nations Conference on Trade and Development

UNDP United Nations Development Program

UNECA United Nations Economic Commission for Africa

UNESCO United Nations Educational,Scientific and Cultural Organization

UNESCWA United Nations Economic and Social Commission for Western Asia

UNFPA United Nations Population Fund

UNFSTD United Nations Financing System for Science and Technology for Development

UNHCR United Nations High Commissioner for Refugees

UNICEF United Nations Children’s Fund

UNIDO United Nations Industrial Development Organization

UNODC United Nations Office on Drugs and Crime

UNOCHA United Nations Office for the Coordination of Humanitarian Affairs

UNOPS United Nations Office for Project Services

UNRWA United Nations Relief and Works Agency for Palestine Refugees in the Near East

USAID United States Agency for International Development

WARDA West Africa Rice Development Association

WESCANA West Central Asia and North Africa

WFP World Food Program

WHO World Health Organization

WPC World Parks Congress

WTO World Trade Organization

128

IMPRINT

OFID The OPEC Fund for International DevelopmentParkring 8, P.O. Box 995,A-1010 Vienna,AustriaTel.: (+43 1) 515 64-0; Fax: (+43 1) 513 92 38

www.ofid.orginfo@ofid.org

Production: OFIDDesign: S.I.M. – Special Interest Magazines Zeitschriftenverlagsges.m.b.H.,Vienna,Austria

Printer: Stiepan Druck, Leobersdorf,Austria

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OFID THE OPEC FUND FOR INTERNATIONAL DEVELOPMENT

Parkring 8, P.O. Box 995,A-1010 Vienna,AustriaTel.: (+43 1) 515 64-0; Fax: (+43 1) 513 92 38

Internet: www.ofid.orgEmail: info@ofid.org