UNCDF and the OPEC Fund for International Development Sign Agreement to Collaborate on Sustainable Finance Solutions

The UN Capital Development Fund (UNCDF), the UN’s flagship catalytic finance organization for the world’s 46 least developed countries (LDCs), and the OPEC Fund for International Development (OPEC Fund), a multilateral development finance institution, entered into an agreement to collaborate on solutions that will innovate and scale finance to accelerate the delivery of the Sustainable Development Goals (SDGs), specifically for the countries possessing both the greatest development needs as well as the enormous untapped potential for economic growth and development.

A Memorandum of Understanding (MoU) between the two development organizations signed this week by UNCDF Executive Secretary Preeti Sinha and OPEC Fund Director-General Dr. Abdulhamid Alkhalifa reflects the shared vision of UNCDF and the OPEC Fund to help people to rise out of poverty and achieve sustainable lives and will build on existing areas of partnership around sustainable finance.