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OPEC fund will continue to play it vital role

Journal Article:

Abstract

An interview elicits personal views on the role of and issues related to the OPEC Fund from one of those responsible for its founding. Hurtado comments that the Fund is not likely to change direction, although it accepts the agricultural and industrial development priorities of recipients. He also notes a weakness in the International Fund for Agricultural Development. A shortfall of income as Member Countries respond to falling oil prices will require some management changes in the future, but he sees greater unity among OPEC and Third World countries as a result of current economic strains. The industrialized world, which has provided only one sixth as much aid as OPEC, could apply its savings from current low import prices to help developing countries. North-South cooperation is cyclical, and he expects the current situation to have a positive effect on cooperation.
Authors:
Publication Date:
Sep 01, 1986
Product Type:
Journal Article
Reference Number:
EDB-86-190528
Resource Relation:
Journal Name: OPEC Bull.; (Austria); Journal Volume: 17:7
Subject:
02 PETROLEUM; 29 ENERGY PLANNING, POLICY AND ECONOMY; DEVELOPING COUNTRIES; FINANCIAL ASSISTANCE; LENDING INSTITUTIONS; ECONOMIC POLICY; OPEC; INTERNATIONAL COOPERATION; ECONOMIC DEVELOPMENT; PROGRAM MANAGEMENT; COOPERATION; FINANCIAL INCENTIVES; FINANCING; GOVERNMENT POLICIES; INTERNATIONAL ORGANIZATIONS; MANAGEMENT; OIL-EXPORTING COUNTRIES; 020700* - Petroleum- Economics, Industrial, & Business Aspects; 294002 - Energy Planning & Policy- Petroleum; 290200 - Energy Planning & Policy- Economics & Sociology
OSTI ID:
5096414
Country of Origin:
Austria
Language:
English
Other Identifying Numbers:
Journal ID: CODEN: OPBUD
Submitting Site:
JMT
Size:
Pages: 10-12
Announcement Date:

Journal Article:

Citation Formats

Hurtado, H. OPEC fund will continue to play it vital role. Austria: N. p., 1986. Web.
Hurtado, H. OPEC fund will continue to play it vital role. Austria.
Hurtado, H. 1986. "OPEC fund will continue to play it vital role." Austria.
@misc{etde_5096414,
title = {OPEC fund will continue to play it vital role}
author = {Hurtado, H}
abstractNote = {An interview elicits personal views on the role of and issues related to the OPEC Fund from one of those responsible for its founding. Hurtado comments that the Fund is not likely to change direction, although it accepts the agricultural and industrial development priorities of recipients. He also notes a weakness in the International Fund for Agricultural Development. A shortfall of income as Member Countries respond to falling oil prices will require some management changes in the future, but he sees greater unity among OPEC and Third World countries as a result of current economic strains. The industrialized world, which has provided only one sixth as much aid as OPEC, could apply its savings from current low import prices to help developing countries. North-South cooperation is cyclical, and he expects the current situation to have a positive effect on cooperation.}
journal = {OPEC Bull.; (Austria)}
volume = {17:7}
journal type = {AC}
place = {Austria}
year = {1986}
month = {Sep}
}