Status of initiative: N/a
Description/achievement of initiative

The Ministerial Council of the OPEC Fund for International Development (OFID), meeting in its 33rd Annual Session, on June 14th in Austria, issued a Ministerial Declaration which states that OFID is committing a minimum of US$1 billion to financing the Energy for the Poor Initiative, further augmenting OFIDís contribution to battling energy poverty. The Ministerial Council is OFIDís highest policy-making body.

(Statement made by OPEC Fund for International Development at its 33rd Annual Session, on June 14th in Austria. 2012. OFID Director-General, Mr. Suleiman J. Al-Herbish made this announcement to the UN Secretary General Ban Ki-moon during a meeting of the UN Secretary -Generalís High Level Group on Sustainable Energy for All).

Implementation methodologies

OFID commits a minimum of US$ 1 billion to finance OFID's energy for the poor Initiative to further augment OFIP's ability to work against energy poverty, OFID stands ready to scale up its commitment if demand warrants. More information can be found by click the following link:OFID Ministerial Declaration on Energy Poverty

Arrangements for Capacity-Building and Technology Transfer

Coordination mechanisms/governance structure

Partner(s)

OPEC Fund for International Development
Deliverables
Sustainable Development Goals and targets
Resources devoted to implementation
Financing (in USD)
1,000,000,000 USD
Progress reports
Cut off date each year: 2 May
SMART
This initiative does not yet fulfil the SMART criteria.
SDGs
Action Network
Information
Location: Particularly developing countries
Date of completion:
Operating in countries
Partner connections
Contact information/focal point(s)
,

Documents
#SDGAction1055
Terms of use | Privacy Notice | Copyright © United Nations 2016