High Quality Content by WIKIPEDIA articles! The OPEC Fund for International Development (OFID) is a multilateral development finance institution established in 1976 by the Member Countries of the Organization of the Petroleum Exporting Countries (OPEC). Its objective is to reinforce financial cooperation between OPEC Member Countries and other developing countries, by providing financial support to the latter for their socio-economic development. The resources of OFID are also used to provide grants for food aid, technical assistance, research and similar intellectual activities. One of the institution`s central aims is to advance South-South solidarity. OFID has been headquartered in Vienna, Austria since 1976. The current Director-General of OFID is Mr. Suleiman Jasir Al-Herbish of Saudi Arabia.