OPEC Fund: Young Professional Development Program

Application is now open for new intake into the OPEC Fund’s Young Professional Development Program (YPDP) for the 2022 patch. The application is open to qualified applicants from the 13 member countries of OPEC. The OPEC  Fund’s Young Professional Development Program (YPDP) is a structured two-year program designed to prepare young professionals from the OPEC Fund’s member countries for a career in global development. The application is currently seeking applicants with a passion for and commitment to international development who also demonstrate academic excellence and relevant professional experience. But more importantly, those with the drive and ambition to help developing countries address their most pressing challenges in the quest for social, environmental and economic progress countries.

🕮 Content 🕮

• Benefits of  YPDP  
• What The Train Seeks To Do.
• Eligibility
• Deadline For Applications
• Application Process
•  Important Considerations
• Application Essay
• FAQs

Benefits of  YPDP

The participants of the OPEC Fund’s Young Professional Development Program YPDP will enjoy the following benefits

1. Training, coaching and mentoring
2. The opportunity to experience different fields of work
3.  Access to professional networks and teams
4. The program will also equip the participants with the skills and knowledge to meet the minimum requirements for an entry-level position with the OPEC Fund.
5. Participants may gain automatic employment at the OPEC Fund, based on the participant’s performance

What The Train Seeks To Do

The OPEC (Organization of the Petroleum Exporting Countries) Fund’s Young Professional Development Program (YPDP) at successful completion will enable young professionals to develop an appreciation of how different departments and units contribute to the OPEC Fund’s overall strategic and operational goals and performance. Under the structured talent management program, participants will be empowered and allowed to contribute to achieving the OPEC Fund’s vision of a world where sustainable development is a reality for all member states.  In the end, participants of the program will gain valuable on-the-job experience, a wide range of relevant learning and developmental opportunities, rotate among different departments and benefit from a coaching and mentoring arrangement.

Eligibility

To be eligible to participate in this year’s OPEC Fund’s Young Professional Development Program (YPDP), you must meet the following criteria;

1. Be a citizen of an OPEC Fund Member Country
2. Be 30 years of age or younger at the time of application
3. Have obtained at least a Master’s degree from a reputable university
4. Have an Excellent Academic performance record
5. Be fluent in English
6. Proficiency in one or more languages is desirable
7. Have a minimum of 3 years of work experience
8. Specialize in a field relevant to the OPEC Fund’s operations such as Engineering, Economics, Finance, Business Administration, Information Technology, Law, Human Resources, and any other relevant discipline
9. Have the ability to work in a global and culturally diverse institution
10. Have a basic understanding of the OPEC Fund’s mandate
11. Be willing to serve the OPEC Fund, if selected, for a minimum of two years upon completion of the Program

Deadline For Applications

The deadline for applications 2022 The OPEC (Organization of the Petroleum Exporting Countries) Fund’s Young Professional Development Program (YPDP) is 15 December 2022.

Application Process

Note that successful applicants are chosen following a rigorous selection process. Those offered a place on the YPDP are expected to respond within two weeks.

To Apply

Interested candidates must have and submit:

• A YPDP online application form by clicking HERE
• A Curriculum Vitae (CV)
• An application essay (in Word or PDF format)
• Academic Certificates and transcripts.

 Important Considerations

Kindly ensure you meet the minimum eligibility criteria, outlined above before applying;

Open click HERE, the application portal will open where you are expected to create an account if you have not applied to an OPEC fund job or internship before, but if you have created an account before now all you will need to do is to sign in. The window looks like the image below.

After creating your account, or signing in, you will be asked to upload the application essay and transcripts under the “Additional documents” section of the application form.

Also, ensure that you submit a valid email address.  And ensure to answer all the questions in the application form and also make sure you adhere strictly to the essay guideline below in your essay

Application Essay

The OPEC Fund works in cooperation with developing country partners and the international donor community to stimulate economic growth and alleviate poverty in all disadvantaged regions of the world. It does this by providing financing to build essential infrastructure, strengthen social services and promote productivity, competitiveness and trade. The OPEC Fund's work is people-centred, focusing on projects that meet basic needs – such as food, energy, infrastructure, employment (particularly relating to MSMEs), clean water and sanitation, healthcare and education.

In fewer than 1,000 words, please write an original essay addressing (i) the potential of development actors such as the OPEC Fund to help developing countries overcome obstacles to social, environmental and economic progress, and (ii) how you would hope to contribute to development if you were selected to work for the OPEC Fund. You may focus on a region or set of countries and/or your area of expertise to formulate your essay.

Please remember, the OPEC Fund will only consider applications from candidates who meet the above criteria and submit an official online application before the deadline of 15 December 2022.

Also, 

please note that we will only reach out to short-listed candidates.

OPEC Fund

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FAQs

What is the full meaning of OPEC?

The full meaning of OPEC is The Organization of the Petroleum Exporting Countries, created at the historic Baghdad Conference of September 10-14, 1960. It aims to coordinate the petroleum policies of its member countries and determine the best means of securing stable oil supplies and pricing.

Does OPEC Fund give grants?

Yes, Grants Program is one of the OPEC Fund’s four financing facilities. Since its inception, the organization has extended grants in support of technical assistance and capacity-building activities, as well as for special development initiatives. Grants help build public goods and address the needs of disadvantaged populations in OPEC Fund partner countries (particularly in the least developed countries). In addition, the OPEC Fund has provided emergency aid grants in the aftermath of different crises.

Who is OPEC Fund?

The OPEC Fund for International Development (the OPEC Fund) is a multilateral development finance institution established in 1976. Our 12 Member Countries are Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab Emirates and Venezuela.

In what year was the OPEC fund established?

OPEC’s first Summit of Heads of State and Government in Algiers in 1975 led to the establishment of the OPEC Fund for International Development in 1976. So OPEC Fund was established in 1976 by heads of the 12 Member Countries at the time.

Who are the founding members of the OPEC Fund?

The founding members of the OPEC Fund are Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab Emirates and Venezuela.

What was the OPEC fund initially called at its inception?

Initially named 'The OPEC Special Fund,' the institution was originally intended to be a temporary channel of assistance that would reaffirm “the natural solidarity which unites OPEC countries with other developing countries in their struggle to overcome underdevelopment.