OPEC Fund Quarterly - 2025 Q1

CONTENTS

5-19 TARIFFS AND TRADE Cover story: What does the new world order of taxes, duties and levies mean for the Global South?

6-10  The impact of tariff changes on low-income and middle-income countries 11-13  WTO: The guardian angel of trade 14-15  Powering up Africa: OPEC Fund joins Mission 300 to help connect the continent to electricity 16-17  Navigating the new climate era: Wall Street wades into uncharted waters 18-19 Op-ed Gernot Wagner: To help scale climate finance, MDBs must seek replicable leverage 

Tariffs, Trade and Development

IN OTHER SECTIONS

In the Field 20-21 The OPEC Fund in Côte d’Ivoire: Tracing the cocoa value chain from farm to factory – and beyond

Development News 28-31

Review 38-41 Interview Jostein Hauge: The economist discusses his book The Future of the Factory: How Megatrends are Changing Industrial- ization

New OPEC Fund projects in Burkina Faso, Egypt, Malawi, Montenegro, Paraguay, Türkiye and Uzbekistan Events 32-37 32  The Water Development Financing Forum for MENA in Kuwait 33  The Financial Afrik Award, Côte d’Ivoire 34–35  The World Goverments Summit in Dubai 36  The AlUla Conference for Emerging Market Economies in Saudi Arabia 37 The OPEC Fund mission in Indonesia; Vienna hosts International organizations

Spotlight 22-27 22–24 When small means

vulnerable: The OPEC Fund’s initiatives to address the multiple

The Back Page 42 The OPEC Fund 2024 results: A record year as a statement of intent

challenges faced by Small Island Developing States 25–27 A pplying AI for the future of SIDS The case for developing island knowledge economies

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