THE OPEC FUND’S EXPERIENCE (MID-1976 TO MID-1983): ITS APPROACHES AND PROCEDURES, THE MAGNITUDE OF ITS ASSISTANCE, AND ITS IMPACT ON DEVELOPMENT

The performance of international development finance institutions is usually measured by such factors as the number of loans extended yearly, the number of beneficiary countries, the ratio of disbursements to commitments, the ratio of administrative costs to disbursements, and the rate of growth of resources. On all these counts, the performance of the OPEC Fund for International Development has established a new record. A comparison covering all multilateral aid agencies whose operations started at about the same time as those of the Fund, confirms this conclusion.1