Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

OFID Ministerial Council holds meeting in Doha  Join our daily free Newsletter

MENAFN - Khaleej Times - 14/06/2014
No. of Ratings : 0
Add to Mixx!

(MENAFN - Khaleej Times) The opec fund for international development?s (ofid) highest policy-making body the ministerial council on friday convened its 35th session in doha to review performance and set policy for the vienna austria-based institution for the coming year.

the council re-elected qatar represented by ali shareef al emadi minister of economy and finance as chair. algeria represented by mohamed djellab minister of finance was elected as vice-chair.

the highlight of the meeting was the formal readmission of the republic of ecuador to the institution after a break of almost 21 years. the latin american country suspended its membership in december 1992. its rejoining restores the number of ofid member countries to 13. announcing ecuador’s readmission al emadi said that the ofid welcomed its return that “exemplifies ecuador’s strong commitment towards development and support of south-south cooperation in the belief that the ofid is the strongest channel for this support.”

ecuador was represented at the meeting by daniel esteban torres leon national director of the rest of the public sector ministry of finance who delivered a statement on behalf of the minister of finance fausto herrera.

in further remarks to the council al emadi paid tribute to the ofid’s recent accomplishments.

“the past years have proved that th ofid’s efforts through all its financing facilities are working in complete synergy to serve its noble objective and our ministerial council stands ready to fully support this stride” he said. reporting to the council on the work of the governing board in 2013 board chairman abdul wahab ahmed al bader of kuwait revealed that a record 1.5 billion had been approved in fresh financing for development. disbursements had also climbed to an unprecedented high exceeding 1.1 billion.

in his own statement to the council ofid director-general suleiman al herbish highlighted the ofid’s rising influence in the global development arena. he noted that the ofid was positioned as the “strategic hub” of two important international initiatives: sustainable energy for all and the global partnership for effective development cooperation.

“the ofid is not merely implementing the global development agenda but shaping it as well.”

the director-general pointed out the increased responsibility attached to ofid’s enhanced stature especially with regard to the post-2015 development goals. ofid he said would be involved in defining “the what and the how” of the new agenda. “we believe we are well placed to play our part and we count on the continued trust and support of member countries to make this possible” he stressed.


Khaleej Times

  MENA News Headlines
 Oct 22 2016 - Lebanon's industrial exports fall 15%MENAFN
(MENAFN) The Lebanese Industry Ministry said that industrial exports in the January-August period fell to USD1.713b, a 14.7% drop from the same period of 2015.Industry Minister stated: "There are ...

 Oct 22 2016 - Jordan to get USD378m fund for green projectsMENAFN
(MENAFN) Green investments in Jordan by the European Bank for Reconstruction and Development (EBRD) is being supported by the Green Climate Fund.According to an EBRD statement, this is the fund"s ...

 Oct 22 2016 - Egypt's exports to UAE jump 149.1%MENAFN
(MENAFN) In its bulletin on state's foreign trade, Egyptian Central Agency for Public Mobilization and Statistics (CAPMAS) stated that Egypt's exports to UAE registered USD1.1b in January-June 2016 ...

 Oct 22 2016 - Reckless driving: Motorist fined QR10,000Gulf Times
(MENAFN - Gulf Times) A Doha Criminal Court has ordered a young motorist to pay a fine of QR10,000 for causing damage to another vehicle while driving recklessly on a public road. Local Arabic ...

 Oct 22 2016 - UCI World Championship raises profile of cyclingGulf Times
(MENAFN - Gulf Times) The recently-concluded UCI Road World Championships Doha 2016 has raised the profile of cycling in the country, Qatar Chain Reaction (QCR) patron Farhan al-Sayed has said. ...

 Oct 22 2016 - Qatar- Business growth: Ministry issues social media tips for SMEsGulf Times
(MENAFN - Gulf Times) The Ministry of Economy and Commerce (MEC) on Friday issued a series of tips for entrepreneurs and owners of small and medium enterprises (SMEs) about the role of social media ...

 Oct 22 2016 - FM calls for collective action to protect civilians in SyriaGulf Times
(MENAFN - Gulf Times) HE the Foreign Minister Sheikh Mohamed bin Abdulrahman al-Thani has called for collective international action to protect civilians in Syria, who are under constant bombardment ...

 Oct 22 2016 - Qatar- Court reviewing murder caseGulf Times
(MENAFN - Gulf Times) A Doha Criminal Court is reviewing the case of an expatriate man accused of killing his friend, local daily Arrayah reported. According to the charge-sheet, the accused stabbed ...

 Oct 22 2016 - QC provides aid in AleppoGulf Times
(MENAFN - Gulf Times) Qatar Charity has said around 2,000,000 people have benefited from its relief projects, carried out over the past six months in Aleppo (Syria) and its countryside. The relief ...

 Oct 22 2016 - MEC holds seminar to raise awareness about breast cancerGulf Times
(MENAFN - Gulf Times) The Ministry of Economy and Commerce (MEC), as part of its community programmes, organised a seminar to raise awareness about breast cancer under the theme 'Early detection: ...





Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help