AT A GLANCE 2022
RESULTS
PUBLIC SECTOR
We committed US$1.6 billion in 2022 in support of 48 trans actions around the world. At a time of global turmoil, our funding provided much-needed security and stability where it was needed most. We responded to short- term threats such as food supply disruption and developed a long- term climate action strategy.
The OPEC Fund provided US$979 million in 21 public sector projects in 2022. Engagements covered a wide range of sectors such as agriculture, infrastructure development and energy. Public sector projects covered all of the OPEC Fund’s regions.
PRIVATE SECTOR
The OPEC Fund’s support to the private sector in 2022 amounted to US$287 million through 9 projects. Most of the funding was provided to local financial institutions for on-lending to small and medium-sized enterprises, supporting growth and securing jobs. Most projects were in Asia, followed by Africa and Latin America & the Caribbean.
TRADE FINANCE
Responding to severe disruptions in international supply chains following the COVID-19 pandemic and the war in Ukraine, the OPEC Fund has stepped up its support to keep international trade flowing. The OPEC Fund has seen strong demand for financing and mobilized US$398 million for transactions in Africa and Asia.
8
Powered by FlippingBook