CHAPTER 2
Under SDG 2 (Zero Hunger), the highest number of projects contribute to target 2.3 (Table 2) which focuses on increasing agricultural productivity and farmers’ access to inputs, markets and services. Aligning with the objectives of SDG 2, OPEC Fund-supported initiatives focused on this goal generally prioritize the sustainable enhancement of agricultural productivity, practices and incomes. Addition- ally, these projects contribute to broader rural develop- ment efforts and strengthen food security. SDG 2-aligned projects approved during the reporting period include, for example, a US$15 million loan to a project co-financed with IFAD in Zimbabwe to support and increase sustainable horticultural production and sales by smallholder farmers
(target 2.3) and micro, small and medium-sized enterprises engaged in the horticulture value chain. The project also aims to address key challenges such as poverty, food inse- curity and malnutrition (target 2.1), creating sustainable agricultural opportunities for local communities. Another relevant operation is a US$50 million loan to Türkiye, co-fi- nanced by the Islamic Development Bank (IsDB), providing financing to the agriculture and food production sectors, via a public development bank, in the aftermath of the earthquakes that caused significant damage in early 2023. The project is expected to strengthen the resilience of farmers and other companies in the country’s agriculture and food production sectors (target 2.3).
Table 2: Project contributions to SDG 2 targets
No. of contributing projects
% of contributing projects
SDG target
2.1 By 2030, end hunger and ensure access by all people, in particular the poor and people in vulnerable situations, including infants, to safe, nutri- tious and sufficient food all year round 5
11
2.3 By 2030, double the agricultural productivity and incomes of small-scale food producers, in particular women, indigenous peoples, family farmers, pastoralists and fishers, including through secure and equal access to land, other productive resources and inputs, knowledge, financial services, markets and opportunities for value addition and non-farm employment
14
31
2.4 By 2030, ensure sustainable food production systems and implement resilient agricultural practices that increase productivity and production, that help maintain ecosystems, that strengthen capacity for adaptation to climate change, extreme weather, drought, flooding and other disasters and that progressively improve land and soil quality 8
18
2.5 By 2020, maintain the genetic diversity of seeds, cultivated plants and farmed and domesticated animals and their related wild species, includ- ing through soundly managed and diversified seed and plant banks at the national, regional and international levels, and promote access to and fair and equitable sharing of benefits arising from the utilization of genetic resources and associated traditional knowledge, as internationally agreed 2.a Increase investment, including through enhanced international coopera- tion, in rural infrastructure, agricultural research and extension services, technology development and plant and livestock gene banks in order to enhance agricultural productive capacity in developing countries, in particular least developed countries
1
2
7
16
17
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