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OPEC/OFID Scholarships 2023 for Developing Countries [$50,000]| Requirements & How to Apply

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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Table Of Contents
  1. About the OPEC-OFID Scholarship 2023
  2. What is OFID Scholarship?
  3. What You Need to Know About OFID Scholarships for Developing Countries
  4. Scholarship Benefits
  5. OFID Scholarship Award Eligibility Criteria
  6. How to Apply for OPEC/OFID Scholarship 2023
  7. OFID Scholarship 2023 Application Deadline
  8. OFID Scholarship 2023 Application Portal
  9. Editor’s Recommended Posts
  10. Related Scholarships
  11. Join Our Whatsapp Group for Scholarship Updates

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:

  • Must be between 23-32 when submitting his/her application.
  • Must have obtained or be on the verge of completing their undergraduate degree with a Baccalaureate from an accredited college/university or its equivalent.
  • Must have a minimum cumulative GPA of 3.0 or higher on a 4.0 rating system or its equivalent
  •  Must be matriculated at an accredited university for the upcoming academic year starting August/September 2015 and maintain full-time status for the duration of the Master’s Degree.
  • Must be a national of a developing country (except OFID Member Countries)
  • Select a subject of study that pertains to OFID’s core mission, such as economics of development (poverty reduction, energy, and sustainable development), environment (desertification), or other related science and technology fields.

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

  • Submission: Ensure that you fulfill the OFID Scholarship Award Eligibility Criteria and that all necessary documents are ready for submission.
  • Registration: Register within the OFID Scholarship Portal by using your email address. Please note that you can log onto the portal as often as required before finally applying.
  • Application Form: Fill out the application form. Make sure to save data each time you update your application. Once logged in, if the page remains inactive for more than two hours, your session will time out, and you may lose unsaved data. Do not submit your application until you have completed the entire application process!
  • Uploading: Upload necessary documents: CV, two recommendation letters, certificates/transcripts from the highest level of completed education, acceptance letter into a postgraduate program, passport copy, and personal essay.
  • Complete Application Form: When your application is complete and all additional documents are uploaded, your application is ready to be submitted. Once your application is submitted, you can no longer make any changes or upload any more documents.

Required Documents

  • A completed online application form.
  •  A scanned copy of the applicant’s passport.
  •  A scanned copy of the last university degree or certificate.
  • A scanned letter of acceptance from the chosen educational institution confirming your admission, subject of study, and duration of the Master’s degree program (must not exceed one year).
  • Proof of meeting any prerequisites, including language proficiency.
  •  A short essay – of about 500 words in English – giving reasons for applying for the OFID scholarship award, explaining your educational goals, and clearly describing how you will use the experience gained from your Master’s degree studies to help develop your home country.
  • Two letters of recommendation from professors and/or lecturers at the applicant’s university.
  • Curriculum Vitae (CV).

Check: How to Study Abroad in USA – Scholarships, Cost & How to Apply

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).

Scholarship Webpage

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Gospel Chinonso is an SEO technician and Content developer with over 5 years of work experience. He is known for his love and passion for helping others achieve their goals and dreams. This lead to the birth of Academic Related. His love for many has to lead him to help thousands of students seeking scholarships with the right information. Gospel being the CEO and founder of Academic Related will continue his good work on helping students with the right information that will lead to achieving their dreams and goals.

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