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- Operations
- Countries A-Z
- Asia
Asia
Approvals by Focus Area
Total approvals: US$ 8,365.84m
- Financial
- Transportation
- Energy
- Multisectoral
- Agriculture
- Education
- Water & Sanitation
- Health
- Industry
- Telecom
Approvals by Financing Types
Total approvals: US$ 8,365.84m
Human development has steadily improved across developing Asia, particularly in South Asia, and at the same time, poverty has decreased significantly across most of the region. The rapid growth in incomes among the poor, along with low unemployment, public transfers (such as pensions and cash transfers, among others), structural transformations and public investments have all contributed to the improvement.
However, there are many challenges to overcome, such as entrenched poverty, and high and rising inequality. The region is also vulnerable to the effects arising from climate change, which adds a further burden to efforts geared toward meeting the SDGs.
The OPEC Fund has longstanding ties with its Asian partners, a constituency that has grown to number 43 countries spread across the development spectrum. In 2019, US$771.7m was approved to 14 countries - the majority going to the energy (US$202m), transportation (US$295m) and financial (US$145m) sectors.
Operations
Strengthening Thailand’s Bio-Circular-Green Economy
Chennai Peripheral Ring Road Project (CPRR) Sections II & III
Emergency Aid Grant in response to the Earthquake in Syria and Turkey
Beneficiary Countries
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More progress in the Maldives
On a recent high-level mission to the country, the OPEC Fund delegation signs loan agreement and visits project sites