Mazaheri arrives in UAE to attend OPEC Fund meet

Dubai, June 11, IRNA -- Iranian Minister of Finance and Economy Tahmasb Mazaheri arrived in Abu Dhabi early Wednesday to attend the annual two-day meeting of the OPEC International Development Fund.

During the meeting, finance ministers from member states of the Organization of Petroleum Exporting Countries (OPEC) are to discuss the future agenda and policies of the organization.
               
A United Arab Emirates plan to put up a 10-million-dollar credit fund to support the Palestinian cause and to help African states fight AIDS is on the agenda of the meeting.
                             
Finance and economic ministers of Algeria, Indonesia, Iran, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela are taking part in the meeting which will discuss, among other matters, funding of new projects. 
                          
The meeting ends on Thursday.    
                             
With a capital of 3.435 billion dollars, the OPEC Fund granted a total of 953 loans amounting to 5.146 billion dollars up until the  end of 2002.