The OPEC countries’ collective policy is to offer external development assistance free from political or commercial ties, with the purpose of expressing the solidarity of one group of developing countries with the rest. Since 1976, this policy has found vigorous practical expression in the operations and activities of the OPEC fund.
First published in 1983, this book describes the Fund’s organisational evolution into a fully-fledged international body, detailing the fund’s achievements in providing loans and grants to over 80 countries with operations based on principles that have influenced the whole development movement. Concrete examples are outlined, such as where the fund has acted as a catalyst for development, or a spokesman for a group of countries in international negotiations.
1. The Establishment and Evolution of the OPEC Fund 2. The OPEC Fund’s Experience (mid-1976 to mid-1983): Its Approaches and Procedures, the Magnitude of its Assistance, and its impact on Development 3. Agriculture and Energy in the OPEC Fund’s Activities – A Sectoral Perspective 4. The OPEC Fund and Africa – A Geographical Perspective 5. The OPEC Fund and the Least Developed Countries: an Orientation Towards the Poor 6. Innovative Forms of Co-operation: The OPEC Fund’s Approach 7. The OPEC Fund and the North-South Dialogue – Some Personal Reflections