Development Effectiveness Report 2024

CHAPTER 5

PREPARING TO LAUNCH

FROM TWO YEARS OF IMPLEMENTING, TESTING AND PILOTING THE OPEC FUND RESULTS FRAMEWORK LESSONS

AGGREGATE INDICATORS STRUCTURE

Figure 19: The OPEC Fund Results Framework aggregate indicators structure (below) and Project-Level Toolkit (right)

In September 2022 the Governing Board approved the OPEC Fund Results Framework (OFRF). The OFRF comprises a project-level toolkit, as well as a draft set of aggregate indicators which express some of the main performance metrics along the OPEC Fund’s theory of change (Figure 19). As a whole, the framework allows the OPEC Fund to assess the development effectiveness of its operations, informs lending decisions and guides future project design.

Global/Regional Development Progress LEVEL 1

LEVEL 2

Results of OPEC Fund Operations

LEVEL 3

Operational Effectiveness of the OPEC Fund

LEVEL 4

Organizational Efficiency of the OPEC Fund

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