OPEC Fund Annual Report 2024

01 | THE HIGHLIGHTS – STRATEGY UPDATE

Strategic priorities 2025-2030

players, the OPEC Fund aims to maximize impact and scale up South-South cooperation.

The OPEC Fund’s refined strategy is built on three core objectives that reflect global and partner country priori- ties alike:

Delivering meaningful development outcomes

While financial commitments are important, the OPEC Fund is committed to ensuring that development effec- tiveness remains central to its operations. An updated results framework will be implemented to measure impact, track progress and enhance accountability. With a sharper strategic focus, increased financial capacity and a commitment to results-driven interven- tions, the OPEC Fund is well-positioned to play an even greater role in supporting sustainable development and driving transformational change in the years ahead.

1. Promoting Sustainable Development through South- South Collaboration

2. Driving Climate Innovation and a Just Transition

3. Building Resilient and Equitable Societies

To translate these objectives into action, the OPEC Fund will continue to focus on infrastructure development, human capital investment and institutional capacity building, while strengthening the private sector as a driver of economic growth. These efforts will be complemented by a strong emphasis on climate action and food secu- rity, reinforcing the OPEC Fund’s role in delivering global public goods.

Mobilizing resources and strengthening partnerships

To achieve its ambitious goals, the OPEC Fund will enhance its ability to mobilize additional resources through multiple channels, including:

• expanding trust funds and syndication activities,

• strengthening co-financing partnerships and

• leveraging its market access to raise funds efficiently.

Partnerships will remain at the heart of the OPEC Fund’s operations. By collaborating with multilateral devel- opment banks, bilateral institutions and private sector

17

Powered by