OPEC Fund Quarterly - 2023 Q3

SPECIAL FEATURE

More than 240K

PHOTO (right): krumanop – adobe.stock. com

households with new or improved water connections

2.86M households with new or improved

access to electricity

3.77 gigawatts in new or refurbished energy capacity (of which 334 megawatts renewable)

PHOTO: Energy 4 Impact 2019

10,853 kilometers of roads built or rehabilitated

PHOTO: zhengzaishuru/Shutterstock.com

OFQ : Does the report also provide a breakdown by sector? AA: Yes, it does. Most of the impact in the agriculture, health, transport, education and water & sanitation sectors was delivered via sovereign operations. Meanwhile, non-sovereign operations projects contributed heavily to the achievement of results in the energy sector and in support to micro, small and medium-sized enterprises. Reflecting the regional and sectoral distribution of the evaluated projects, Africa accounted for most of the results measuring improved access to water & sanitation, healthcare and energy. Meanwhile, the majority of our support for micro and small enterprises took place in Asia, followed by Latin America and the Caribbean. OFQ : What are the next steps in the development e ff ectiveness approach? AA: We will continue to strengthen our e ff orts by enhancing project evaluation, while also refining the database and systems capabilities for tracking results and alignment. We expect to reflect the results of our gradual enhancements in each year’s Development E ff ectiveness Report.

1.76M farmers supported, including 400,000 female smallholders

OFQ : What does this mean for the OPEC Fund more generally? AA: Strengthened development e ff ectiveness will provide a strong foundation for the OPEC Fund to grow the scale, scope and impact of its operations by informing the way the institution deepens its development footprint, and by establishing a culture of accountability and continuous learning. By showing how e ffi ciently we spend the money we are entrusted with we attract new partnerships, while demonstrating to our shareholders and development partners that we are creating value with tangible impact on people’s lives.

Africa accounted for most of the results measuring improved access to water & sanitation, healthcare and energy. Meanwhile, the majority of our support for micro and small enterprises took place in Asia, followed by Latin America and the Caribbean

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