CHAPTER 2
Under SDG 5 (Gender Equality), OPEC Fund projects are mainly expected to contribute to target 5.a (Table 5) by supporting the full participation of women in economic life. Projects contributing to SDG 5 approved between mid-2023 and mid-2024 include a US$20 million loan to a project co-financed with the Green Climate Fund (GCF) and IFAD in Rwanda to enhance the incomes, nutrition and resilience
of rural households through a more inclusive, sustainable and digitalized dairy sector. Among its numerous targets, the project aims to create employment opportunities for 2,095 women by 2030. In addition to SDG 5, this project also aligns with the OPEC Fund’s cross-cutting strategic themes of climate action and food security.
Table 5: Project contributions to SDG 5 targets
No. of contributing projects
% of contributing projects
SDG target
5.1 End all forms of discrimination against all women and girls everywhere 2
4
5.5 Ensure women’s full and effective participation and equal opportunities for leadership at all levels of decision-making in political, economic and public life 3
7
5.a Undertake reforms to give women equal rights to economic resources, as well as access to ownership and control over land and other forms of property, financial services, inheritance and natural resources, in accor- dance with national laws 5
11
5.b Enhance the use of enabling technology, in particular information and communications technology, to promote the empowerment of women 1
2
5.c Adopt and strengthen sound policies and enforceable legislation for the promotion of gender equality and the empowerment of all women and girls at all levels 1
2
A single project of the review period supported SDG 6 (Clean Water and Sanitation) across the three targets 6.1, 6.3 and 6.a. (Table 6). Projects supporting this goal gener- ally focus on expanding access to safe drinking water and sanitation, while also enhancing water efficiency and improving wastewater treatment systems. The OPEC Fund
project supporting SDG 6 in this review period is a US$21.2 million loan to a project co-financed with BADEA and ADFD in Rwanda, which aims to strengthen economic and social resilience by ensuring the equitable provision of sufficient water supply to targeted areas.
Table 6: Project contributions to SDG 6 targets
No. of contributing projects
% of contributing projects
SDG target
6.1 By 2030, achieve universal and equitable access to safe and affordable drinking water for all 1
2
6.3 By 2030, improve water quality by reducing pollution, eliminating dump- ing and minimizing release of hazardous chemicals and materials, halving the proportion of untreated wastewater and substantially increasing recycling and safe reuse globally 1 6.a By 2030, expand international cooperation and capacity-building support to developing countries in water- and sanitation-related activities and programs, including water harvesting, desalination, water efficiency, wastewater treatment, recycling and reuse technologies 1
2
2
20
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