OPEC Fund Annual Report 2024

05 | THE ANNEX

PRIVATE SECTOR

Country

Project title

Amount (US$MN)

Co- financiers*

Objectives

SDGs

Reg. Africa ETG Syndicated

40.0

AfDB, FMO, DEG, PROPARCO, TDB

Enhancing the food value chain in Sub-Saharan Africa, positively impacting the livelihoods of at least 600,000 smallholder farmers

2

Sustainability Linked Loan

Total

40.0

Grand Total

261.0

2024 MULTISECTORAL COMMITMENTS

Country

Project title

Amount (US$MN)

Co- financiers*

Objectives

SDGs

Madagascar SMART Clean Cooking Project

35.0

IFAD, WB Introducing clean cooking solutions

7

in the country, where currently just 1.6 percent of the population have access to clean fuels. The project primarily targets urban centers such as Antananarivo and Toamasina, where charcoal and firewood use is highest, and aims to benefit around one million people Strengthening fiscal sustainability of state- owned enterprises, integrating climate and hazard risks into land-use planning decisions and sustainably developing the country's aquaculture sector for the long term Supporting policy actions and reforms that support fiscal sustainability as well as promoting a transition away from wood and charcoal-based cooking fuels Improving debt management and governance, ensuring a more financially sustainable power sector and increasing the impact of the country's social protection system

Seychelles

Fiscal Sustainability and Climate Resilience Program

20.0

WB

8, 13, 14, 16, 17

Somalia

Debt Sustainability & Clean Cooking Program

36.4

-

7, 8, 9, 12, 13, 15, 17

Sri Lanka

Second Resilience, Stability and Economic Turnaround Development Policy Operation

50.0

IDA

1, 5, 8, 16, 17

Grand Total

141.4

81

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