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The OPEC Fund
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  2. OPEC Fund Island Resilience Facility - OECS

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OPEC Fund Island Resilience Facility - OECS

Financing Type Grants
Category Technical Assistance
Focus Area Multisectoral
Approved 23.07.2024
Signed 11.10.2024
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.

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