3 Within SDG 8 most projects contributed to targets 8.10 and 8.1 (Table 8) . Given the wide variety of development interventions that can foster economic growth, target 8.1 is cross-cutting and OPEC Fund projects in a multitude of sectors contributed to it. The OPEC Fund’s support through financial institutions and trade finance contributed to target 8.10 given its focus on expanding access to financial services around the world. Projects approved since 2018 in support of SDG 8 include a US$25 million loan to a financial interme- diary for the financing of infrastructure projects across Latin America and the Caribbean and a US$20 million loan to help Ghana upgrade its port and transport corridor network for enhanced socio-economic development, trade and regional integration. Table 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all Nr. of contributing projects % of contributing projects 8.1 Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7 per cent gross domestic product growth per annum in the least developed countries 58 21% 8.3 Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalization and growth of micro-, small- and medium-sized enterprises, including through access to financial services 3 1% 8.5 By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value 28 10% SDG target
8.10 Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance and financial services for all 115
43%
30
Powered by FlippingBook