Development Effectiveness Report 2023

CHAPTER 3

Figure 7: OPEC Fund Food Security Commitments since 1977 by Region

Figure 6: OPEC Fund commitments since 1977 by sector

LAC

other

1% Global

Food Security

Water & Sanitation

7

Europe

9

15

3

6

Banking and Financial Services

% SECTORS

% REGIONS

20

20

Asia

Africa

18

Transport

Commodity Aid and General Program Assistance

69

11

14

Energy

7

Education & Health

In addition, the OPEC Fund has provided almost US$167 million in grants for food security, which constitutes more than a quarter (26 percent) of its total grant resources com- mitted to date. Of these grant resources, most (88 percent) were grouped under the sector of agriculture, such as for the provision of technical assistance and helping countries access agricultural commodities. Within agriculture, 12 per- cent of the food security grant resources corresponded to a special grant for the establishment of the International Fund for Agricultural Development (IFAD). Apart from support to agriculture, the OPEC Fund also provided grants as emergency aid for food crises in African partner countries (12 percent of food security grant resources).

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