THE OPEC FUND
2020 highlights
$ 1 bn We allocated to help COVID-19-affected (see pages 17-21)
communities across the world and joined multilateral efforts to help developing countries mitigate, contain and recover from the pandemic.
$ 1.59 bn In 2020, the OPEC Fund committed for development operations around the world.
We approved emergency grants channeled through the IFRC to support countries in Central America following Hurricane Eta, to help Lebanon in the aftermath of the Beirut Port explosion, and to support relief efforts in Sudan following severe flooding.
$ 25 bn $ 22 bn Since the OPEC Fund was established in 1976, cumulative approvals exceed and cumulative commitments exceed
We launched a new strategic part- nership with Oman to help drive development in line with the country’s ambitions to become a major regional logis- tics hub.
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