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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