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 kai na halitta wanda ya hada kasashen OPEC da sauran kasashe masu tasowa a gwagwarmayarsu ta 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 ba da tallafin kudi ga kasashe na baya don ci gaban zamantakewar tattalin arziki. Babban aikin cibiyar shine bunkasa kawancen Kudu-Kudancin Arabia tare da sauran kasashe masu tasowa a duniya da nufin kawar da talauci. Babban ofishin OFID a Vienna, Austria. Babban Daraktan OFID a matsayin Babban Darakta Janar Dr. Abdulkhalifa.
Birnin Vienna, a ƙasar Austria