monitoring, reporting and evaluation of projects already in 2004. Twenty years of experience has created a huge body of knowledge and our partners stress: “Independence is crucial for the objectivity and credibility of the bank’s development results measurement. It is envisioned to enhance performance, boost quality and foster transparency, accountability and learning.” Areas where e ff ectiveness will become even more important in the coming years are highlighted in the remaining sections of this issue. Following our cover story on the delivery of the Sustainable Development Goals at halftime since their proclamation, we have followed the latest UN assessments closely. To say it is not looking good would be the understatement of the decade. And similarly the international community will significantly have to
raise its game when it comes to the latest UN Climate Change Conference COP28, starting on November 30 in the United Arab Emirates (UAE). The OPEC Fund will be present and deepen its engagement to deliver climate action in line with the 2030 Agenda, its partners’ needs and our own strategy. In an interview, Omar Sultan Al Olama, the UAE’s Minister for Artificial Intelligence, Digital Economy and Remote Work Applications, tells us how he plans to turn his country into a global leader in the “Fourth Industrial Revolution” for people and planet. Expect more on the economic and societal shift spearheaded by AI and automation in one of our next issues. For now, we wish you an interesting read with our new magazine.
We want to expand our activities and step up our delivery of development support. It is of paramount importance to deploy our funds in the most cost-e ff ective and e ffi cient way.
Abdulhamid Alkhalifa, OPEC Fund Director-General
Axel Reiserer, Editor
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