Co-operation between OPEC and African developing countries

Abstract

The document discusses the importance of energy resources for economic development and the challenges faced by African developing countries, including energy shortages and high prices of essential commodities. It highlights the role of OPEC (Organization of Petroleum-Exporting Countries) in supporting African nations through financial and technical assistance. The text emphasizes the need for international cooperation, particularly from OPEC and developed countries, to help African nations achieve economic growth, improve infrastructure, and address issues like food production and technical training. The document also mentions various financial institutions and funds established by OPEC countries to aid African development and calls for a balanced distribution of resources to ensure effective and efficient use of aid. The overarching goal is to promote a new international economic order that reduces the gap between developed and developing nations.