What is the OPEC SPECIAL about?
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 nations. 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 an executing national agency in each contributing country.
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Somtochukwu
Visionary Leader and Development Economist in Nigeria. CEO at Bufiredd Economic Consults Ltd
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