OPEC Fund Annual Report 2024

01 | THE HIGHLIGHTS – SUSTAINABLE DEVELOPMENT GOALS

attracted 47 percent of proceeds allocated to eligible loans, followed by category 5 with 20 percent, category 1 with 14 percent, category 3 with 9 percent, category 2 with 6 percent and category 6 with 4 percent. Translated into concrete results under its SDG Bond Framework, the OPEC Fund financed, among others, 61,880 hectares of farmland improvements, 26,207 km of installed or rehabilitated electricity transmission lines, 237,445 square meters of new or improved educational facilities and 312 MW of installed generation capacity of renewable energy facilities. Overall, more than 32 million people benefitted across the social categories.

In terms of geographical distribution, 37 percent of proceeds assigned to 57 SDG loans went to Latin America and the Caribbean, 34.2 percent to Africa and 28.8 to Asia, reaching from Argentina to Viet Nam and from Morocco to Eswatini ( Figure 3 ). For example: In Jordan the OPEC Fund supported a solar power plant to accelerate the diversification of energy supply (SDG 7 and 13), in Papua New Guinea a loan strengthened healthcare infrastructure (SDG 3) and in Paraguay small businesses benefitted from improved access to finance (SDGs 1 and 8).

Broken down by the categories set out in the third para- graph above, the following picture emerged: Category 4

37+ 34+29+ H % 37 34 29

Figure 3: Regional distribution of the 57 SDG loans

Figure 4: Allocation of 57 SDG loans

Latin America and the Caribbean

SDG 1 - No Poverty

25%

Asia

SDG 7 - Affordable and Clean Energy

14%

SDG 8 - Economic Growth

14%

SDG 9 - Industry, Innovation and Infrastructure

13%

SDG 6 - Clean Water and Sanitation

10%

SDG 2 - Zero Hunger

10%

SDG 4 - Quality Education

7%

SDG 3 - Good Health and Well-Being

4%

SDG 13 - Climate Action

3%

Africa

25

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