OFID ita ce cibiyar hada-hadar kudade na ci gaba tsakanin gwamnatoci da aka kafa a shekarar 1976 ta membobin kungiyar kasashe masu fitar da man fetur (OPEC). OFID an tsara shi ne a taron masu mulki da shugabannin kasashe mambobin kungiyar OPEC, wanda aka gudanar a Algiers, Algeria, a watan Maris na shekarar 1975. Babban sanarwar taron "ya sake tabbatar da hadin kan da ke tattare da kasashen OPEC tare da sauran kasashe masu tasowa a gwagwarmayarsu na shawo kan rashin ci gaba", kuma ya bukaci daukar matakan karfafa hadin gwiwa tsakanin wadannan kasashe. Manufar OFID ita ce karfafa hadin gwiwar kudi tsakanin OPEC da sauran kasashe mambobin kasashe masu tasowa, ta hanyar samar da tallafin kudi ga wadannan kasashe don ci gaban tattalin arzikin su. Babban aikin cibiyar shine bunkasa kawancen Kudancin-Kudancin Arabia tare da sauran kasashe masu tasowa a duniya da nufin kawar da talauci.
don bunkasa Kudancin Kudu-Kudancin Kasuwanci tare da sauran kasashe masu tasowa a duniya tare da manufar kawar da talauci