Development Effectiveness Report 2024

CHAPTER 2

The largest share of OPEC Fund operations contributes to SDG 8 (Decent Work and Economic Growth), with a total of 32 operations (71 percent of all reviewed) aligned (Figure 3). 3 These projects span a variety of sectors, including support to the banking sector to enable access to finance for micro, small and medium-sized enterprises (MSMEs) and interna-

tional trade, as well as in agriculture. The second and third most represented goals were SDG 9 (Industry, Innovation and Infrastructure), with 60 percent of projects contrib- uting, followed by SDG 13 (Climate Action) which saw 51 percent of projects aligned with this objective. For all SDG contributions, see Figure 3 below and Tables 1-17 overleaf.

Figure 3: Number of projects contributing to each SDG per project approved from mid-2023 to mid-2024

SDG 8

32

SDG 9

27

SDG 13

23

SDG 2

15

SDG 17

15

SDG 1

15

SDG 7

11

SDG 5

11

SDG 10

10

SDG 3

7

SDG 4

6

SDG 15

5

SDG 11

5

SDG 12

4

SDG 16

2

SDG 6

1

SDG 14

1

Note: The analysis covered the 45 projects approved between July 2023 and June 2024. Numbers sum to more than the total number of projects as most operations contribute to more than one SDG.

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