SPECIAL FEATURE
More than 342K MSMEs financed
By seeing firsthand what works today, we can refine our focus for the best results tomorrow.
117 healthcare facilities upgraded
Abdulhamid Alkhalifa, OPEC Fund Director-General
PHOTO: Kursova Photography (main image); MehmetO/Shutterstock.com (inset)
OFQ : What are the main benefits of the program? AA: Think about that old business question, “How do you measure
alignment and results indicators across four levels (global/regional development progress, operations’ results, operational e ff ectiveness, organizational e ffi ciency). An accompanying project-level toolkit ensures that our operations are prepared in a way that ensures the consistent assessment, monitoring and evaluation of their development e ff ectiveness.
introduced under OFRF are not only expected to gradually increase the share of projects for which results data is available, but will also put particular emphasis on measuring project deliverables, as well as the extent and benefits of their use. By seeing firsthand what works today, we can refine our focus for the best results tomorrow. OFQ : Is the framework already being implemented? AA: Yes, but we are phasing it in gradually in case we still need to make final adjustments and fine-tuning. We have fully rolled out the OFRF’s project- level toolkit and are currently in a two- year trial period of the OFRF’s aggregate indicators, the launch of which we expect in 2025. OFQ : To what extent is the framework a consequence of the OPEC Fund’s successful market debut at the
success?” For the OPEC Fund, success is having an even more comprehensive picture of our reach and benefits of our projects. The improved development results tracking and monitoring practices
OPEC FUND PROJECT RESULTS 2018-2022 Reviewing the period 2018-2022, the first OPEC Fund Development E ff ectiveness Report finds significant development impacts. Key results include: • 3.77 gigawatts in new or refurbished energy capacity (of which 334 megawatts renewable) • 2.86 million households with new or improved access to electricity • 1.76 million farmers supported, including 400,000 female smallholders • 342,096 MSMEs financed • 240,409 households with new or improved water connections • 15,723 kilometers of transmission lines built or rehabilitated • 10,853 kilometers of roads built or rehabilitated • 167 educational facilities built or upgraded • 117 healthcare facilities upgraded
beginning of the year? AA: I would not go as far as saying the development e ff ectiveness framework is a result of our bond framework. Going to the markets is embedded in our Strategic
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