CHAPTER 2
Under SDG 5 - Gender Equality, OPEC Fund projects are main- ly expected to contribute to target 5.5 (Table 5) by support- ing the full participation of women in economic life. Projects approved between mid-2022 and mid-2023 include a US$20 million loan for Access Bank Botswana to expand access to finance by women-led MSMEs which are financially under- served. Similarly, a US$35 million loan and US$1.5 million
grant package to the government of Madagascar for the Na- tional Clean Cooking Transition program includes a women’s empowerment and capacity building component focused on female entrepreneurship, women’s health education and stimulation of economic opportunities. In addition to SDG 5, this project also aligns to the OPEC Fund’s cross-cutting stra- tegic themes of climate action and food security.
Table 5: Project contributions to SDG 5
Nr. of contributing projects
% of contributing projects
SDG target
5.1 End all forms of discrimination against all women and girls everywhere 1
2%
5.5 Ensure women’s full and effective participation and equal opportunities for leadership at all levels of decision-making in political, economic and public life 5
12%
5.a Undertake reforms to give women equal rights to eco- nomic resources, as well as access to ownership and control over land and other forms of property, financial services, inheritance and natural resources, in accordance with national laws 1
2%
The main SDG 6 - Clean Water and Sanitation target support- ed by reviewed OPEC Fund projects is 6.1 (Table 6) . Typical- ly, projects supporting this goal aim to expand access to safe drinking water and sanitation, as well as to improve water ef- ficiency and wastewater treatment. One example is a US$70 million policy-based loan to the Republic of Cote d’Ivoire, which included prior actions to improve access to social infra-
structure, including the adoption of a revised water code, and the refinement of the national strategy for the management and maintenance of drinking water infrastructure in rural areas. Another project is a US$40 million loan to the Islamic Republic of Mauritania to provide a permanent, sustainable and quality potable water supply from the Senegal River for the City of Kiffa and a number of nearby villages and rural settlements.
Table 6: Project contributions to SDG 6
Nr. of contributing projects
% of contributing projects
SDG target
6.1 By 2030, achieve universal and equitable access to safe and affordable drinking water for all
2
5%
20
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