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Opec Development Fund
A very considerable amount of Saudi aid is channeled through the OPEC Development Fund. The table below sets the Saudi contribution into context. Under King Fahd, Saudi Arabia is distinguished not only by the size of its contributions but also by the promptness with which it honors its obligations.
CONTRIBUTIONS TO THE OPEC DEVELOPMENT FUND (PLEDGED AND PAID IN, BY COUNTRY) IN US$
COUNTRY |
PLEDGED |
PAID IN |
Algeria |
100,720,000 |
96,799,075 |
Ecuador |
5,120,000 |
4,115,684 |
Gabon |
5,120,000 |
4,804,486 |
Indonesia |
12,440,000 |
11,983,362 |
Iran, Islamic Republic of |
516,185,808 |
167,869,526 |
Iraq |
178,508,831 |
87,013,238 |
Kuwait |
372,748,175 |
358,525,916 |
Libya, S.P.L.A.J. |
205,005,159 |
157,000,459 |
Nigeria |
244,161,797 |
236,841,831 |
Qatar |
93,635,497 |
89,899,937 |
Saudi Arabia |
1,033,279,607 |
995,038,196 |
United Arab Emirates |
168,446,623 |
161,939,683 |
Venezuela |
499,636,941 |
488,360,532 |
TOTAL |
3,435,008,438 |
2,860,191,925 |
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