OPEC Fund Quarterly - 2026 Q1

THE HISTORY OF THE OPEC FUND

Moving to a more performance-oriented culture, with clearer responsibilities and accountability is aligning us closely with our peers and positions us to serve our partners even more effectively and impactful.” The OPEC Fund’s SDG Bond Framework, established in 2022, defines five social categories and one green category, addressing the priorities of low- and middle-income partner countries. A review of the inaugural US$1 billion bond confirmed that proceeds contributed to 9 of the 17 Sustainable Development Goals. The majority – 31 percent – supported SDG 1: No Poverty, underscoring the OPEC Fund’s core mission to uplift

the most vulnerable communities. Armed with a wider funding base, the institution accelerated delivery, increasing its annual commitments from US$1.8 billion in 2019 to US$3.4 billion in 2025. Development effectiveness also moved firmly to the forefront and the OPEC Fund published its first annual Development Effectiveness Report in 2023, providing a detailed review of how the institution’s projects contribute to sustainable development. A new results framework, launched in December 2025, elevates accountability, transparency and impact measurement across every project. Financial innovation and the introduction of new products are playing

a prominent role under the current leadership, with President Alkhalifa emphasizing the need for “smart and efficient solutions.” In 2024, the OPEC Fund successfully arranged its first loan syndication with a US$50 million facility for the benefit of Banco Continental in Paraguay. While the OPEC Fund contributed US$25 million from its own resources as A-lender, it mobilized a US$25 million B-loan from Commercial Bank of Dubai. The OPEC Fund acted as sole Bookrunner, Mandated Lead Arranger and Facility Agent. Similar transactions have confirmed the OPEC Fund’s position in the loan syndications market.

Consolidated impact per bond category

237,445 of educational facilities built or improved

Impact Social Bond categories

Impact Green Bond categories

312 MW installed generation capacity of new or refurbished renewable energy facilities

26,207 km of electricity transmission lines installed or rehabilitated

70,120 ha improved farmland

174 health facilities built or improved

14,376 km constructed or refurbished

The OPEC Fund increased its annual commitments from US$1.8 billion in 2019 to US$2.3 billion in 2024.

2,726 km of water facilities built or improved

2,036 beds for healthcare

31.03 million people benefited across all social categories

43 educational facilities built or improved

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