CHAPTER 2
A number of concrete targets constitute, and further specify, the scope of each SDG. To provide a better understanding of the areas supported by OPEC Fund-financed projects, the following paragraphs show expected project contributions by specific SDG targets. The total number of projects con- tributing to the targets under each SDG can sum to more than the total number of projects per goal. This is because projects often contribute to more than one SDG target. Under SDG 1 - No Poverty, OPEC Fund operations approved between July 2022 and June 2023 will mainly help develop irrigation systems in low-income communities, implement social protection systems and climate-resilient initiatives that
benefit poor families, and increase access to basic services (Table 1) . A US$40 million loan to the Republic of Mauritania, for example, will provide permanent and sustainable potable water to villages and rural settlements that currently do not have access to a reliable source of water, thus contributing to the provision of access to basic services (target 1.4). An- other project contributing to SDG 1 is a US$20 million loan to the Kingdom of Eswatini for poverty reduction through, among the provision of other goods and services, the devel- opment of irrigation schemes which are not only expected to increase agricultural productivity and incomes of poor farmers, but also to create employment both during their construction and operation.
Table 1: Project contributions to SDG 1
Nr. of contributing projects
% of contributing projects
SDG target
1.2 By 2030, reduce at least by half the proportion of men, women and children of all ages living in poverty in all its dimensions according to national definitions 1
2%
1.3 Implement nationally appropriate social protection systems and measures for all, including floors, and by 2030 achieve substantial coverage of the poor and the vulnerable
2
5%
1.4 By 2030, ensure that all men and women, in particular the poor and the vulnerable, have equal rights to economic resources, as well as access to basic services, ownership and control over land and other forms of property, inheri- tance, natural resources, appropriate new technology and financial services, including microfinance 3 1.5 By 2030, build the resilience of the poor and those in vulnerable situations and reduce their exposure and vulnerability to climate-related extreme events and other economic, social and environmental shocks and disasters 2 1.a Ensure significant mobilization of resources from a variety of sources, including through enhanced development cooperation, in order to provide adequate and predict- able means for developing countries, in particular least developed countries, to implement programs and policies to end poverty in all its dimensions 5
7%
5%
12%
16
Powered by FlippingBook