The OPEC Fund for International Development (OFID) is a multilateral institution established in 1976 by OPEC member countries. Headquartered in Vienna, Austria, OFID aims to promote economic and social progress in developing nations. It provides financial assistance, including loans and grants, for projects that enhance infrastructure, reduce poverty, and support sustainable development. OFID collaborates with governments, NGOs, and other partners to address key challenges such as healthcare, education, and private sector development, contributing to global development goals.