July 12, 2012, Vienna, Austria
OFID is pleased to announce that it has been accorded special recognition in the global excellence awards granted each year by two leading trade publications: Trade and Forfaiting Review and Trade Finance Magazine. It is the first time that OFID has been voted for these global awards.
Trade and Forfaiting Review gave OFID a “highly commended” rating in the category of Best Development Finance Institution, a recognition that was also accorded to the Inter-American Development Bank. View list of TFR Excellence Awards 2012.
Trade Finance Magazine also accorded OFID a “highly commended” rating for Best Development Finance Institution – Middle East in its Global/EMEA Awards of Excellence 2012. Trade Finance Magazine is a specialized global publication of the Euromoney group. View list of Global/EMEA Awards for Excellence 2012.
OFID is proud to receive such recognition, especially as OFID is a relative newcomer in the field of trade financing. Such achievement reflects well on both the OFID and its Member Countries in their concerted efforts towards helping alleviate poverty in the developing world.