The OPEC fund for
international development
  • Who We Are
    • At a Glance
    • Facts & Figures
    • Member Countries
    • The Organization
    • Partners
    • FAQs
  • What we offer
    • Overview
    • Public Sector Lending
    • Private Sector & Trade Finance
    • Grants
    • Special Initiatives
  • Focus Areas
    • Overview
    • Agriculture
    • Education
    • Energy
    • Financial
    • Health
    • Multisectoral
    • Transportation
    • Water & Sanitation
  • Operations
    • Procurement Notices
    • Search Operations
    • World Map
    • Countries A-Z
  • Investor Relations
    • Overview
    • Credit Fundamentals
    • Funding
    • Operations
    • Governance
    • Contact IR Team
  • Events
    • Development Forum 2025
    • Knowledge Series
    • SIDS Summit
    • Past Events
  • News (current)
  • Contact Us
  • Media Center
  • Publications
The OPEC Fund
for International
Development
  1. News
  2. 2021 Annual Report “Delivering Support”
June 23, 2022

2021 Annual Report “Delivering Support”

Successful Engagements and Strong Fundamentals

2022_OQ2_kids_shutterstock_1599554212.jpg

Photo: Riccardo Mayer/Shutterstock

The OPEC Fund published its 2021 Annual Report in late June 2022, showcasing the institution’s operations, results and governance structure under the title Delivering Support. 

The OPEC Fund committed US$1.5 billion in 2021 through 47 projects around the world. Engagements in Africa came to US$871 million (57 percent), followed by Asia with US$465 million (31 percent) and Latin America and the Caribbean with US$177 million (12 percent). Investments included landmark transactions such as the award-winning Temane power plant in Mozambique, support for small rural agricultural producers in Honduras and the construction of water supply and sanitation infrastructure in Sierra Leone. 

The OPEC Fund committed US$686 million (46 percent) to support public sector development initiatives in partner countries. Trade finance commitments amounted to US$353 million (30 percent) and private sector loans totaled US$474 million in 2021. 

The OPEC Fund’s US$1 billion COVID-19 response facility was fully utilized by the end of 2021. Addressing the climate challenge, the OPEC Fund Annual Report advocates “an energy transition that works for everyone” and calls for an approach that combines energy security with strengthening climate resilience. In 2021, the OPEC Fund received its inaugural credit ratings of AA+/stable outlook from Fitch and AA/positive outlook from Standard & Poor’s. These ratings will allow to unlock significant development potential in the coming years. 

Share this
Scroll top
June 23, 2022

Downloads

  • Publications
Scroll top
Who We Are
  • At a Glance
  • Facts & Figures
  • Member Countries
  • The Organization
  • Partners
  • FAQs
What we offer
  • Overview
  • Public Sector Lending
  • Private Sector & Trade Finance
  • Grants
  • Special Initiatives
Operations
  • Procurement Notices
  • Search Operations
  • World Map
  • Countries A-Z
Investor Relations
  • Overview
  • Credit Fundamentals
  • Funding
  • Operations
  • Governance
  • Contact IR Team
Events
  • Development Forum 2025
  • Knowledge Series
  • SIDS Summit
  • Past Events
Procurement
  • Overview
  • Bidding
  • Supplier registration
  • Contact Procurement
Compliance Accountability & Integrity
  • Business Partner Code of Conduct
  • Personal Data Protection
  • Business Integrity Due Diligence
Administrative Tribunal
  • About the Tribunal
  • Judges
  • Executive Secretary
  • Contact the Tribunal
News
Career Opportunities
  • Overview
  • Vacancies
  • Young Professional Development Program
  • Internships
The OPEC Fund
for International
Development
Parkring 8
1010 Vienna
Austria
  • Copyright 2024 by the OPEC Fund
  • Fraud Alert
  • Personal Data Protection Disclaimer
  • Terms of use
  • Contact
  • Webmail

We use Cookies. Read our Terms