In a diplomatic encounter, President Emomali Rahmon of the Republic of Tajikistan welcomed Dr. Abdulhamid Alkhalifa, the General Director of the OPEC Fund for International Development, at the Palace of the Nation on December 20, the president’s press service reported. The meeting focused on the current status of collaboration between Tajikistan and the OPEC Fund, as well as the potential for further expansion.
President Rahmon expressed his appreciation for the ongoing and fruitful partnership between Tajikistan and the OPEC Fund for International Development, emphasizing its role in promoting sustainable development within the country. The discussions centered on various facets of cooperation, including education, healthcare, agriculture, transport, and energy.
Of particular importance was the emphasis on bolstering the production of green energy in Tajikistan, seen as a crucial step towards advancing the concept of a green economy within the nation. Both parties recognized the abundant opportunities for cooperation in this area, underlining the potential for significant contributions to environmentally friendly practices and sustainable energy solutions.
During the discussions, President Rahmon highlighted the need to secure additional funding for vital infrastructure projects across various sectors, reinforcing the commitment to the continued development of Tajikistan. The parties involved expressed a shared interest in exploring avenues to increase financial support for these essential initiatives.
The meeting concluded with a mutual commitment to leveraging all available opportunities within the framework of this beneficial cooperation. Both Tajikistan and the OPEC Fund for International Development affirmed their dedication to the ongoing development and expansion of their diplomatic and collaborative relations.
OPEC Fund for International Development
Established in 1976, the OPEC Fund for International Development (OPEC Fund) is a multilateral development finance institution with 12 Member Countries, including Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab Emirates, and Venezuela. Functioning as the exclusive globally mandated development institution, it channels financing from member countries to non-member countries. Collaborating with developing country partners and the international development community, the OPEC Fund aims to foster economic growth and social progress in low- and middle-income nations.
Its inception by OPEC member countries was driven by a specific purpose: to promote development, strengthen communities, and empower people. The organization adopts a people-centered approach, directing funding towards projects that address essential needs such as food, energy, infrastructure, employment (particularly related to MSMEs), clean water and sanitation, healthcare, and education. With a commitment exceeding $24bn to development projects in over 125 countries, the OPEC Fund envisions a world where sustainable development becomes a reality for all.
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