What is OPEC SPECIAL FUND?

What is OPEC SPECIAL FUND?

In 1976, OPEC decided to set-up a special fund. The fund which was established solely for the benefit of non-OPEC members is aimed at providing soft loans to developing countries.

The administration of the fund is in the hands of a governing committee, to be headed by a chairman and director-general, as well as executing national agency in each contributing country.

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Somtochukwu

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Somtochukwu speaks to English hearing audiences and she writes motivational and informational books.

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