Development Effectiveness Report 2024

CHAPTER 5

Figure 20: OPEC Fund Strategic Objectives

MAXIMIZING DEVELOPMENT IMPACT

Strategic Objectives

Promoting Sustainable Development through South-South Cooperation

Building Resilient and Equitable Societies

Driving Climate Innovation and a Just Transition

Financing

Integrated Solutions

Partnerships

Value Addition

COLLABORATE FOR IMPACT

Figure 21: OPEC Fund Operational Priorities

Building Infrastructure

Developing Human Capital

Institutional modernization, economic and disaster resilience, public finances and policy support Enhancing Institutional Capacity

Support for private sector development, access to financial services, trade finance & industry Promoting Private Sector & Trade

Improved connectivity, water & sanitation and digital infrastruc- ture, enhanced access to energy and social infrastructure

Human capital development, social inclusion, health, education and training

CROSS-CUTTING PRIORITIES

Response to rising Food Security and Rural Development challenges • US$2 billion over 2025-2030 • Continued prioritization as a cross­ cutting theme of operations to 2030 Bolstering Food Security

Driving Climate Action

Support for Climate Mitigation, Adaptation & Nature Based Solutions

• 25% of operations by 2025 • 40% of operations by 2030

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