3 The one OPEC Fund project which contributed to SDG target 16.6 (Table 14) was a US$100 million policy-based loan to the Five OPEC Fund projects approved since 2018 supported targets 17.4 and 17.11 under SDG 17 (Table 15) , which focus on improving debt sustainability and increasing exports of developing countries. Apart from helping the Republics of Kosovo and Uzbekistan develop and implement plans to SDG target SDG target
Republic of Uzbekistan which, among other measures, sup- ports improved fiscal transparency and accountability.
Table 14: Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels
% of contributing projects
Nr. of contributing projects
16.6 Develop effective, accountable and transparent institutions at all levels 1
0.004%
ensure fiscal and debt sustainability through the aforemen- tioned policy-based loans, the OPEC Fund also approved loans to the Republic of Côte d’Ivoire (US$60 million) and Sierra Leone (US$20 million) for improving their agricultural production and export capacities.
Table 15: Strengthen the means of implementation and revitalize the Global Partnership for Sustainable Development
% of contributing projects
Nr. of contributing projects
17.4 Assist developing countries in attaining long-term debt sus- tainability through coordinated policies aimed at fostering debt financing, debt relief and debt restructuring, as ap- propriate, and address the external debt of highly indebted poor countries to reduce debt distress 3
1%
17.11 Significantly increase the exports of developing countries, in particular with a view to doubling the least developed countries’ share of global exports by 2020 2
1%
This stocktaking exercise illustrates the wide variety of development causes OPEC Fund projects support. While for this first Development Effectiveness Report the OPEC Fund reviewed all projects approved since 2018 for their expected SDG contributions, each subsequent edition of this report will take stock of the SDG alignment of projects approved since the last review.
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