The Ministry of Finance of the Government of National Unity has signed an agreement with the OPEC Fund for International Development to implement a capacity-building and on-the-job training program for employees of the Ministry and its affiliated entities.
The program aims to enhance the efficiency and effectiveness of public employees by strengthening their technical and professional capabilities in areas related to development finance and financial engineering.
The program is expected to contribute to supporting institutional reform efforts and improving public sector performance.
Ministry of Finance
The Ministry of Finance is a key government department responsible for managing a nation’s revenue, economic policy, and public spending. Its history is often intertwined with the formation of the modern state, evolving from ancient treasury offices to a formal ministry, typically established in the 18th or 19th century to centralize fiscal administration.
Government of National Unity
The Government of National Unity (GNU) is a term most notably associated with the post-apartheid transitional government in South Africa, formed in 1994 following the country’s first multiracial elections. It was a coalition government led by Nelson Mandela’s African National Congress (ANC) and included its former political rivals, the National Party and the Inkatha Freedom Party, to foster reconciliation and stability during the democratic transition.
OPEC Fund for International Development
The OPEC Fund for International Development is an international finance institution established in 1976 by the member countries of OPEC. It was created to promote South-South partnership and provide financial assistance to developing countries, with a focus on projects that reduce poverty and support sustainable social and economic advancement.
OPEC
OPEC, or the Organization of the Petroleum Exporting Countries, is an intergovernmental organization founded in 1960 by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. Its primary purpose is to coordinate and unify the petroleum policies of its member countries to secure fair and stable prices for oil producers.
