CHAPTER 4
The data analysis for the 23 projects completed or reaching EOM during the period July 2022 to June 2023 was carried out based on a thorough, desk review of approval, supervi- sion and completion documents available in OPEC Fund re- positories and on public websites such as those of co-finan- ciers. In line with practices of other multilateral development banks, results reported are generally those of the supported projects and not just of the OPEC Fund’s contribution, as selecting the results of OPEC Fund contributions only was in most cases not feasible based on the available data and/or due to the projects’ nature. 10 Table 18 lists some of the main development results of the operations that have either been completed or achieved EOM during the analysis period. These standard aggregable indicators cover 20 of the 23 reviewed projects. 11
Table 18: Main development results of all projects completed/achieving EOM between July 2022 and June 2023
US$341 million in trade facilitated
15.7 million population benefiting from health projects
346,620 farmers benefited
337,339 households supported with emergency or other financial assistance
127,939 students benefited
30,214 people trained
19,498 households with new or improved energy (e.g. electricity) connections
13,680 households with new/improved sewer systems/safe wastewater disposal (improved sanitation)
56,100 women empowered
4,646 MSMEs financed
1,981 MW in energy capacity installed or refurbished (of which 1,077 MW renewable)
278 jobs supported
205 km of roads built/rehabilitated
2 healthcare facilities built/upgraded
10 For most projects, several co-financed activities worked together in an insep- arable way to produce overall results. However, when OPEC Fund financing was focused on specific components that produced results distinct from those of the rest of the project, only the results of OPEC Fund-financed components were considered. Similarly, whenever the amount of the provided financing was direct- ly proportional to the results achieved, only the proportionally attributable re- sults were considered. Examples for the latter in this year’s analysis were projects financing MSMEs through financial intermediaries (where the results focused on the reported use of OPEC Fund proceeds) and the COVID-19 emergency cash as- sistance program, where results of supported households and procured medical equipment were calculated based on the OPEC Fund’s share in the co-financed assistance package. 11 The three projects not reporting standard indictors are (i) a loan to an African multilateral financial intermediary for on-lending to infrastructure projects which on-lent OPEC Funds for development of special economic zones in various coun- tries, including Benin and Togo; (ii) a project in Chad for the construction of a 72.3-km paved road for which no results information was available; and (iii) a project in the agricultural sector in Democratic Republic of Congo for which no usable results information was available.
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