Development Effectiveness Report 2023

CHAPTER 2

The main targets that reviewed OPEC Fund operations contribute to under SDG 9 - Industry, Innovation and Infrastructure were 9.a and 9.3 (Table 9) given the institution’s strong support to infrastructure and MSME finance. Projects approved since 2022 in support of SDG 9 include, for example, a US$15 million loan to Kyrgyzstan

for the reconstruction and upgrade of a 93-km road in the northwestern part of the country to improve safety and reduce travel times. Another project example is a US$262.5 million loan to Republic of Senegal to build the 2000-km Dakar – Saint Louis highway to reduce travel times and improve road quality.

Table 9: Project contributions to SDG 9

Nr. of contributing projects

% of contributing projects

SDG target

9.1 Develop quality, reliable, sustainable and resilient infra- structure, including regional and transborder infrastruc- ture, to support economic development and human well-being, with a focus on affordable and equitable access for all

4

9%

9.3 Increase the access of small-scale industrial and other en- terprises, in particular in developing countries, to financial services, including affordable credit, and their integration into value chains and markets 3

7%

9.a Facilitate sustainable and resilient infrastructure develop- ment in developing countries through enhanced financial, technological and technical support to African countries, least developed countries, landlocked developing coun- tries and small island developing States

5

12%

23

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