OFID plans to revive cooperation with Namibia

29 Oct 2013 15:00pm
WINDHOEK, 29 OCT (NAMPA) – The Organisation of Petroleum-Exporting Countries (OPEC) Fund for International Development (OFID) says it wants to revive cooperation with Namibia.
OFID is one of the main sponsors of the four-day International Water Association (IWA) conference underway here.
The Public Sector Operations’ Officer of OFID, Walid Mahalaine told Nampa on Tuesday that the organisation earlier had a few operations in Namibia, which are currently not active.
“Thus, one of the purposes of my visit to Namibia, in addition to representing my institution during the water conference, is to try to explore opportunities and ways to revive cooperation with Namibia,” he noted.
Mahalaine said over the past two days that the conference has been running, he had established a few contacts, particularly with participants from the various ministries who are attending the conference.
OFID mainly works with governments by providing financing to build essential infrastructure, strengthen social services’ delivery and promote productivity, competitiveness and trade.
“OFID’s work is people-centred, focusing on projects which meet basic needs such as food, energy, clean water and sanitation, healthcare and education with the aim of encouraging self-reliance and inspiring hope for the future,” he stated.
The priorities are set by the countries themselves, and OFID does not have a preset list of areas in which it would want to intervene.
“The partner countries are in the driver’s seat and they decide the areas of interest, whereas we are ready to avail our support anytime,” Mahalaine said.
As for Namibia, his organisation does not have a clear idea of the needs, but it is aware that water and sanitation as well as energy are important areas.
OFID also works with all development financing institutions such as the African Development Bank, United Nations’ agencies as well as the World Bank.
“We will consult with all these partners to know how we could assist Namibia. Really, I am here to listen to the feedback I would receive in order to start preparing for projects or areas of cooperation,” Mahalaine stated.
OFID and Namibia signed an agreement for the encouragement and protection of investments in 2002.
The process was facilitated by then-Minister of Finance, Nangolo Mbumba.
OFID is a development finance institution established by OPEC member states in 1976 as a collective channel of aid to developing countries.