01 | THE HIGHLIGHTS – FOREWORD BY THE PRESIDENT
Climate Solutions Week and the first Knowledge Series Public Sector conference.
At COP16 the OPEC Fund pledged US$1 billion for the fight against land degradation and desertification as part of a US$10 billion commitment by the Arab Coordination Group, a key development partner in South-South coop- eration with the OPEC Fund as a catalyst for mobilizing funding. We continue the implementation of our long-term strategy — the Strategic Framework 2030 — which was reviewed and updated in 2024. This mid-term review provided a valuable opportunity to sharpen our strategic focus and ensure that our efforts remain aligned with the evolving needs of our partner countries. As a result, we have reaffirmed and refined our three core strategic objectives:
• promoting sustainable development through South- South collaboration,
• driving climate innovation and a Just Transition, and
• building resilient and equitable societies.
To translate these objectives into action, the OPEC Fund is committed to providing US$20 billion in total financing commitments between 2025 and 2030. With the steadfast support of our member countries and the dedication of our team, we are confident in our ability to accelerate impact, drive meaningful change and enhance the well-being of people around the world.
ABDULHAMID ALKHALIFA President, OPEC Fund
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