The OPEC Fund for International Development (OPEC Fund) and the Indonesian Agency for International Development (Indonesian AID) have signed a Memorandum of Understanding (MoU) that provides the basis for enhanced collaboration in key development areas such as climate action, food security, renewable energy, health, and technical capacity building.

The OPEC Fund and Indonesian AID will join forces on project co-financing as well as the identification and preparation of infrastructure, health, and sustainable development projects, particularly in least developed countries and Small Island Developing States.

OPEC Fund and Indonesian AID

OPEC Fund President Abdulhamid Alkhalifa stated: “Indonesia is a founding member of the OPEC Fund and a dedicated supporter of the 2030 Agenda for Sustainable Development. Strengthening ties with OPEC Fund member country development agencies enhances our ability to deliver impactful solutions in food security, renewable energy, and health in partner countries. Through our shared goals and collaboration, we will increase impact and improve livelihoods, while driving progress toward the delivery of the Sustainable Development Goals.”

Dr. Abdulhamid Alkhalifa

Indonesian AID Chief Executive Officer Tormarbulang Lumbantobing remarked: “As a newly developing organization, we are very pleased to collaborate with the OPEC Fund. We can learn a lot from the best practices of the OPEC Fund, especially in terms of project management. Collaboration in certain projects with the OPEC Fund will also further enhance the role of Indonesian AID in development in OPEC Fund partner countries.”

The partnership builds on the OPEC Fund’s commitment to international cooperation and Indonesian AID’s dedication to global development.