OPEC Fund delivers record results in 2023 with US$1.7 billion in development funding
The organization was established 48 years ago and the 2023 results represent a record in new commitments.
- The organization was established 48 years ago and the 2023 results represent a record in new commitments.
- OPEC Fund Director-General Dr. Abdulhamid Alkhalifa said: "In 2023, the OPEC Fund increased its impact through the delivery of development support in a challenging global environment.
- We were also able to leverage our partnerships to mobilize development support by working with multilateral development banks and development finance institutions such as the Arab Coordination Group.
- The issuance of the OPEC Fund's benchmark SDG bond raised US$1 billion for sustainable development projects.