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- Operations
- OPEC Fund Island Resilience Facility - OECS
OPEC Fund Island Resilience Facility - OECS
Financing Type | Grants |
Category | Technical Assistance |
Focus Area | Multisectoral |
Approved | 23.07.2024 |
Loan Administrator | OPEC Fund for International Development |
Organization | OECS |
OPEC Fund Contribution (US$m) | 0.28 |
The importance of the OPEC Fund Island Resilience Facility lies in its targeted support for SIDS, addressing their unique vulnerabilities and enhancing their resilience to natural disasters and climate change. By providing financial and technical assistance for infrastructure, disaster risk management, and sustainable energy transition, the Facility helps safeguard the livelihoods, economic stability, and well-being of communities in these vulnerable regions, ensuring they can thrive amidst escalating climate challenges.