Iranian fin. min. in Vienna for OFID meeting

June 20, 2018 - 18:12

TEHRAN- Iranian Finance and Economic Affairs Minister Masoud Karbasian arrived in Austria’s capital on Wednesday morning to attend the two-day ministerial Council meeting of OPEC Fund for International Development (OFID) on Wednesday and Thursday, Shada news agency reported.

Leading a delegation, the Iranian minister will also make a one-day trip to Slovakia afterwards to confer on mutual cooperation with the country.

OFID is the development finance institution established by the member states of OPEC in 1976 as a channel of aid to the developing countries.

It works in cooperation with developing country partners and the international donor community to stimulate economic growth and alleviate poverty in all disadvantaged regions of the world.

The fund does this by providing financing to build essential infrastructure, strengthen social services delivery and promote productivity, competitiveness and trade.

HJ/MA

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