The OPEC Fund for International Development (OFID) and OeEB strengthened their longstanding partnership by signing a Cooperation Agreement. The agreement is designed to encourage co-financing between the two Vienna-based institutions and promote the exchange of ideas and information.
The Cooperation Agreement, signed by OFID Director-General Suleiman J Al-Herbish and OeEB Executive Board Members, Andrea Hagmann and Michael Wancata, aims to provide a general framework to develop and undertake joint projects.
The overall objectives include the exchange of information on new business opportunities and initiatives, the introduction of new counterparties and markets, and the co-hosting of joint events.
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