INTRODUCTION
In this review we examine the
WORLDWIDE IMPACT of our projects, in line with our vision to make “sustainable development a reality for all.”
The response to this new drive for greater impact has been encouraging and early results and cooperation have confirmed that we are on the right track. As we approach the midway mark of our Strategic Framework, we are pre- paring the next steps: Throughout 2024, the OPEC Fund will continue to pilot and test the indicators of its results framework ahead of their public launch, set for 2025. In addition to taking stock of the OPEC Fund’s develop- ment results and effectiveness, the report also examines food security as a key challenge for the international com- munity. As flagged by the recent mid-term review of the 2030 Agenda, the latest trends are cause for concern: after years of good progress, the number of people going hun- gry today is higher than in 2015 — when the Sustainable Development Agenda was adopted. The reasons for this reversal are numerous and can be found in recent geopolitical events, the impact of the COVID-19 pandemic and countries’ capacity for agricultural self-sufficiency. The causes are as complex as the impacts. But for the OPEC Fund as a development institution, one simple truth stands above all else: If people go hungry it
is impossible to achieve progress on any other develop- ment goal. The OPEC Fund has therefore long focused on agriculture and rural development as drivers for develop- ment and poverty reduction, and has been implementing a US$1 billion Food Security Action Plan to address the recent spike in food insecurity in its partner countries. The OPEC Fund searches for solutions and takes action to address the most pressing challenges of our time. With the focus on development effectiveness we have enhanced our toolkit. Our goal with this report is to show how we are putting our commitment into practice.
ABDULHAMID ALKHALIFA
President The OPEC Fund for International Development
5
Powered by FlippingBook