OPEC Fund signs a new partnership agreement with the Maldives
Vienna, January 21, 2017 – The OPEC Fund for International Development and the Government of the Republic of Maldives signed a new country partnership framework agreement, which aims to enhance cooperation and support national goals and sustainable development priorities, infrastructure and financial stability, and the island nation’s ability to adapt to the effects of climate change.
Dr. Abdul Hamid Al Khalifa, Director General of the OPEC Fund, stressed in the statement issued by his headquarters in the Austrian capital, Vienna, that “The Republic of the Maldives is an important and long-standing partner of the OPEC Fund,” and he considered that the signing of the agreement confirms the joint commitment to supporting sustainable development and enhancing the ability to adapt to climate change, at a time when small island developing states face increasing external and environmental pressures.
Al Khalifa expressed the OPEC Fund’s aspiration to expand aspects of cooperation with the Republic of the Maldives by supporting investments that improve people’s living conditions.
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