CHAPTER 2
The main targets that reviewed OPEC Fund operations contribute to under SDG 9 (Industry, Innovation and Infra- structure) were 9.3 and 9.4 (Table 9) , given the OPEC Fund’s strong support to infrastructure and MSME finance. Projects approved since mid-2023 in support of SDG 9 include a US$41 million loan to Tanzania for upgrading a road which is
expected to significantly reduce travel times and cost while improving mobility, safety and accessibility (targets 9.1 and 9.a). Another project example is a US$10 million loan to Tajikistan for a project co-financed with IsDB to reconstruct and significantly improve an existing road which currently exhibits rutting, potholes and cracks. (targets 9.1 and 9.a).
Table 9: Project contributions to SDG 9 targets
No. of contributing projects
% of contributing projects
SDG target
9.1 Develop quality, reliable, sustainable and resilient infrastructure, including regional and transborder infrastructure, to support economic develop- ment and human well-being, with a focus on affordable and equitable access for all 12
27
9.3 Increase the access of small-scale industrial and other enterprises, in par- ticular in developing countries, to financial services, including affordable credit, and their integration into value chains and markets 8
18
9.4 By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial process- es, with all countries taking action in accordance with their respective capabilities 8 9.a Facilitate sustainable and resilient infrastructure development in devel- oping countries through enhanced financial, technological and technical support to African countries, least developed countries, landlocked devel- oping countries and small island developing States 15
18
33
23
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