The OPEC-OFID Scholarships 2023 for Developing Countries is ongoing, and the scholarship is open to students worldwide. The OFID scholarships for developing countries are open for master’s degree studies.
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About the OPEC-OFID Scholarship 2023
The OPEC Fund for International Development (OFID) is the intergovernmental financial institution for development established in 1976 by the member states of the Organization of the Petroleum Exporting Countries (OPEC). OFID was conceived at the Conference of Sovereigns and Heads of State of OPEC Member Countries, held in Algiers (Algeria) in March 1975.
OFID cooperates with developing country partners and the international donor community to stimulate economic growth and alleviate poverty in all disadvantaged regions.
It provides financing to build essential infrastructure, strengthen social service delivery, and promote productivity, competitiveness, and trade.
OFID scholarships will be awarded to four students or candidates for master’s degree studies. Applicants must be from a developing country (except OFID Member Countries), and he/she must first obtain admission to pursue a Master’s degree in a relevant field of development from any recognized university/college in the world.
Through its OPEC scholarship scheme, OFID aims to help highly motivated, highly driven individuals overcome one of the biggest challenges to their careers – the cost of graduate studies.
The winners of the OFID Scholarship Award will receive a scholarship of up to US$50,000.
The funds will be spread over a maximum of two years toward completing a master’s degree, or its equivalent, at an accredited educational institution starting in the autumn of the academic year 2023.
What is OFID Scholarship?
OFID’s scholarship award program provides opportunities for young, promising individuals to fulfill their potential and complete graduate studies. This year, OFID received more than 7,400 applications from aspiring academics from its partner countries.
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What You Need to Know About OFID Scholarships for Developing Countries
Level/Fields of Study
The OPEC Scholarship is a full master’s scholarship open to those students who wish to pursue studies in a relevant field of development or energy studies such as economics of development (poverty reduction, energy, and sustainable development), environment (desertification), or other related science and technology fields.
Host Countries
The OPEC Scholarship award for international students can be taken at any recognized university worldwide.
Remember that the Related Academic Team has your best interests at heart and will always provide you with the latest and most updated information on scholarships, free online schools, etc.
Eligible Countries
The OFID Scholarship for developing countries is open to students from developing countries except for OFID member countries. You can confirm if your country can apply for this scholarship award on the scholarship webpage(link below).
Nevertheless, if your country is not among the eligible countries listed, don’t panic; there are numerous international scholarships for international students to study in any country of their choice.
You can check our recommended post, “How to Study Abroad for Free.
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Scholarship Benefits
The winners of the OFID Scholarship Award will receive a full-tuition scholarship of up to US $50,000. The funds will be spread over a maximum of one year, toward completing a master’s degree, or its equivalent, at an accredited educational institution.
OFID Scholarship Award Eligibility Criteria
To be eligible to apply for the OFID Masters Scholarship, applicants:
How to Apply for OPEC/OFID Scholarship 2023
Applicants must complete the online application.
Within the online application, applicants must upload the required documents, as listed below. All materials, including the online application, recommendations, and other required information, must be received no later than the deadline, as stated below.
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OPEC-OFID Scholarship Application Guidelines
Required Documents
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Only the winner will be notified by June 2, via the OFID website at www.ofid.org.
OFID Scholarship 2023 Application Deadline
Kindly note that the OPEC Fund is currently restructuring its scholarship program and will not be accepting applications. Updated information will be available in 2023.
There are other available scholarships one can apply for. Check the details below.
OFID Scholarship 2023 Application Portal
Visit the Scholarship Webpage for more details
Sponsors: The OPEC Fund for International Development (OFID).
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