2 As shown in the charts on this page, the OPEC Fund’s financing has been committed to low- and middle-income partner countries in line with the OPEC Fund’s mission “to assist [developing countries] in their economic and social development efforts” 4 (Figure 8) . An overwhelming share (85 percent) of country-specific OPEC Fund financing has been committed for countries with GNI/capita levels of US$5,000 or less (Figure 9) 5 , and around 25 percent of total commitments to date have been committed to least- developed countries (LDCs), according to the 2021 LDC GNI/capita inclusion threshold of US$1,018. In addition to its lending operations, the OPEC Fund also has a sizeable grants program which can provide free or conces- sional resources. As of December 2022, the OPEC Fund has approved a total of US$687 million in support of 1,899 grant operations in 130 partner countries (see box) since inception. 15,000 5,000 20,000 15,000 10,000 5,000 0 Figure 8: Supported countries by total OPEC Fund commitments 1976-2022 and GNI per capita Figure 9: OPEC Fund funds committed 1976-2022 grouped by recipient country GNI per capita 4 The Agreement Establishing the OPEC Fund for International Development, as revised on May 27, 1980, Article 2.01, p5. 5 The GNI/capita intervals were chosen to ensure equal size and ease of understanding, while providing an approximate correspondence to the World Bank’s US$4,255 threshold for the GNI/capita below which countries are designated low-income or lower-middle income. The shares of committed country-specific funds provided to countries with GNI/capita levels of US$5,000 or less (or private sector borrowers within these countries) are 85 percent for SO operations to 82 percent of for NSO operations. Commitment US$MN Partner country GNI/capita (US$) Partner country GNI/capita (US$MN) 0-4,999 5,000-9,999 10,000-14,999 >15,000
20,000
10,000
0
Commitments per partner country (US$MN)
600 partner institutions. Grants have been channeled through over
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