OPEC Fund Annual Report 2023

05 | ANNEX

2023 GRANTS

Country

Project title

Amount (US$MN)

Beneficiary organization

Objectives

SDGs

India

Chennai (India) Peripheral Ring Road Project (CPRR) Sections II & III

0.4

AIIB

Improving economic connectivity and road transport efficiency in the Chennai Metropolitan Area

9

Libya

EA Grant in response to Storm Daniel and flooding in North Eastern Libya

0.5

IFRC

Addressing the pressing need of integrated assistance, health and care, including Water, Sanitation and Hygiene (WASH), protection and prevention Financing detailed studies and pilot projects as part of the Madagascar clean cooking transition program, which the OPEC Fund is also funding with a US$35 million loan

1, 2, 3, 6

Madagascar National Clean Cooking Transition Program

1.5

UNIDO

2, 3, 7

Malawi

Emergency Aid Grant in response to Tropical Storm Freddy in Malawi

0.3

IFRC

Prioritizing families that were displaced and hosted in camps in the wake of Tropical Storm Freddy

2, 3, 6

Morocco

Emergency Aid Grant in response to Morocco earthquake

0.5

IFRC

Addressing the pressing need of integrated assistance, health and care, including Water, Sanitation and Hygiene (WASH), protection and prevention Developing a pipeline of projects in OPEC Fund and EBRD common countries of operations that would be subsequently co-financed by the two institutions, mainly by providing grants for project preparation activities

1, 2, 3, 6

Multiregional

The Joint OPEC Fund - EBRD Technical Cooperation Facility

2.0

EBRD

2, 7, 9

Philippines Pilot phase of the Government of the

0.5

WFP

Co-financing a pilot project that addresses hunger and malnutrition in five regions of the country 3

Philippines Food e-Voucher Programme

Reg. Africa The Climate Finance and Energy Innovation Hub - SEforALL

1.0

SEforALL

Providing an end-to-end policy and finance global platform, which introduces innovative financing solutions to leverage additional capital for sustainable energy investments Providing an end-to-end policy and finance global platform, which introduces innovative financing solutions to leverage additional capital for sustainable energy investments Supporting relief operations implemented by local Red Crescent Societies in the aftermath of February 2023's deadly earthquake Strengthening the government's capacity to integrate its new Bio-Circular-Green (BCG) economy model into national development strategies

7, 13

Reg. Africa The Climate Finance and Energy Innovation Hub - UNCDF

1.0

UNCDF

7, 13

Syria, Türkiye Emergency Aid Grant in response to the Earthquake in Syria and Türkiye

1.0

IFRC

1, 2, 3, 6

Thailand

Strengthening Thailand’s Bio-Circular-Green Economy

0.5

ADB

2, 3, 7, 8

Grand Total

9.2

*In addition to recipient country governments and other local, beneficiaries. Co-financing information is based on the time of project approval. For a list of full names see pp 56-57.

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