• +234-9053-130-518
  • cessummit0518@gmail.com
  • Wuse, Abuja, Nigeria
Biz. Support
OPEC Fund for International Development – How to apply for Grant

OPEC Fund for International Development – How to apply for Grant

OPEC Fund for International Development: How to apply for Grant – what-OPEC offers as grants. Grant Application from OPEC Fund for International Development. Apply to project proposals using the OPEC Fund Grant Application Form along with supporting documents.

The OPEC Fund’s work is people-centered. That means focusing on projects that meet basic needs such as food, energy, clean water and sanitation, healthcare, and education. These aim at encouraging self-reliance and inspire hope for the future. Now check out on OPEC Fund for International Development – How to apply for Grant.

Cessummit.com Grant information:

You must bookmark this page for further grant information on your need. At Cessummit.com., we offer free information on grant applications, such as the OPEC grants application form and procedure for individuals and corporate organizations. For international development grants, you can apply for grants online and through free grant applications. And, now, the OPEC fund for international development in Nigeria. You have to read on.

OPEC Fund for International Development – How to apply for Grant

Apply for OPEC Fund for International Development

Applications are open for the Organization of the Petroleum Exporting Countries (OPEC) Fund for International Development to offer economic help to growing nations, mainly low-profit nations, in assisting in their monetary and social improvement efforts.

This help consists of sovereign loans, personal quarters, and alternate finance in addition to offers. In this regard, due to the fact inception, the OPEC Fund has prolonged offers the assistance of technical help and potential constructing sports in addition to unique improvement projects geared toward constructing public items and addressing the desires of deprived populations in its companion nations, mainly least advanced nations.

Furthermore, on OPEC Fund for International Development – How to apply for Grant, while the OPEC Fund has financed tasks in agriculture, energy, health, transportation, and water and sanitation sectors, it pursues to be a demand-pushed agency aware of the desires of its companion nations. In addition, and as stated earlier, it gives emergency useful resource help and helps decide on local and international projects, mainly the ones addressing precedence problems within side the sustainable improvement agenda.

Types of Grants:

Under its furnish application, OPEC Fund should make bigger 3 forms of offers:

  1. Grants for country-particular sports and tasks: This kind of furnish should cowl any of the subsequent sports:
  • Technical help offers for assignment preparation, along with a business plan and feasibility studies, and the very last layout of tasks in which there’s a capability for OPEC Funds participation;
  • Grant additives of a bigger assignment and application financed with the aid of using the OPEC Fund via its public quarter (sovereign loans) and/or personal quarter and alternate finance facilities;
  • Institutional potential constructing of applicable authorities businesses of companion nations (schooling of a body of workers in assignment layout, preparation, tracking, and evaluation) to facilitate the implementation of OPEC Fund operations and assist those businesses higher put together destiny tasks;
  • Stand-by myself tasks or sports that aren’t at once related to a selected OPEC Fund assignment.

2. Grants for unique improvement projects of worldwide or local scope: This kind of furnish helps decided on projects and applications geared toward addressing improvement-demanding situations confronted with the aid of using OPEC Funds companion nations and which require an excessive stage of cross-border cooperation.

3. The emergency useful resource offers: OPEC Fund gives this kind of furnishings to assist in humanitarian alleviation operations, along with fabric or logistical help added for humanitarian purposes. This useful resource additionally helps interventions geared toward rehabilitating primary infrastructure and restoring get right of entry to primary offerings in companion nations within side the aftermath of conflicts or herbal disasters.

OPEC Fund for International Development – How to apply for Grant

Funding Information:

The quantity of OPEC Fund contribution will range in line with the scope and the character of the proposed furnish interest or assignment. However, excluding emergency, useful resources and small offers in quantities of as much as US $ 100,000, OPEC Fund`s contribution to a stand-by assignment must now no longer exceed 50% of the entire value of the stated assignment

General Principles:

OPEC Fund for International Development – How to apply for Grant – All furnish programs must meet the subsequent well-known principles:

  • The asked furnish must assist projects and sports that gift a clean and measurable improvement impact;
  • The goals of the proposed furnished sports and tasks/applications must be truly aligned with the OPEC Fund`s strategic dreams and priorities. Therefore, for country-particular offers, the OPEC Fund will prioritize assignment proposals and activities that are clearly linked to and would support its existing activities in the country concerned.
  • The proposed interventions and sports need to be introduced in a cost-powerful manner.

Eligible Activities:

Eligible operations for furnish financing include:

  • Institutional capability constructing and technical assistance;
  • Knowledge production (quarter and thematic studies) and dissemination in OPEC Fund precedence sectors;
  • Project preparation;
  • Grant additives of large OPEC Fund Funded initiatives (eg training, procurement of small equipment, preliminary inventory of medication for a hospital, or textbooks for a school, and small infrastructure);
  • Advocacy/outreach sports.

OPEC Fund for International Development – How to apply for Grant

Eligibility Criteria:

  • In line with the Agreement setting up the OPEC Fund, growing international locations aside from OPEC Member Countries are eligible for OPEC Fund`s furnish assistance, with a unique attention to the desires of LDCs.
  • While there may be no use of a primarily based total allocation of grants, the OPEC Fund ambitions at making sure a balanced geographical distribution of its furnish sources amongst eligible companion international locations.
  • Eligible companions are any authorities or non-authorities entity, which includes co-financing companions, personal quarter entities, studies entities, UN companies, and global NGOs.
  • All grantees, need to meet the subsequent eligibility criteria:
  • Provide proof of presently legitimate prison registration below the legal guidelines of us of a wherein they operate, in addition to proof of certificates to do enterprise within side us of a wherein they intend to perform the applicable activity if one of a kind from the location of prison registration.
  • Have an excellent tune report within side the implementation of OPEC Fund initiatives and sports, and within side the case of recent companions, an excellent tune report in executing/enforcing comparable donor Funded initiatives within side the central place and us of a;
  • Have validated technical understanding within side the area/quarter covered;
  • And, have suitable organizational and control capability, and display the lifestyles of a valid monetary system, which include clean accounting and budgeting standards, audited monetary statements which might be audited with the aid of using a registered auditor, an obvious budgeting process, and different signs that verify their capability to expect fiduciary (supervision and implementation) duty for OPEC Fund.

Related Topics::

OPEC Fund for International Development - How to apply for Grant

OPEC Fund for International Development – How to apply for Grant

Read Also:

Business Support Services:

Finally, on OPEC Fund for International Development – How to apply for Grant, do you need a business plan and feasibility studies and analysis to support your loan applications? Yes; cssummit.com has the capacity to develop any type and scope of operation’s business plan and feasibility analysis for you. We also undertake your incorporation assignments. You can contact us on cessummit0518@gmail.com, 09053130518 for more details.

Leave a Reply

Your email address will not be published. Required fields are marked *