Jobs supported

Definition

“Jobs” refer to activities that generate income, monetary or in kind, and follow standards of decent work as defined by the International Labour Organization. Jobs are measured by counting the number of full-time equivalent (FTE) employees, as per local definition, working for a client company or a project at the end of the reporting period, sex-disaggregated. Whenever projects report each year during the implementation period of a green- or brownfield asset, this indicator typically initially includes temporary jobs during the construction phase, and, subsequently, more permanent jobs associated to the normal operations and maintenance of the projects. For cases in which a project only reports jobs numbers at completion, this indicator only measures the permanent jobs supported for operation and maintenance. The indicator includes directly hired individuals and individuals hired through third party agencies as long as those individuals provide on-site services related to the project’s or client operations. This also includes full-time equivalent work by seasonal, contractual and part-time employees. Part-time jobs are converted to full-time equivalent jobs on a pro rata basis, based on local definition (e.g., if working week equals 40 hours, a 24 hours/week job would be equal to 0.6 FTE job). Seasonal or short-term jobs are prorated on the basis of the portion of the reporting period that was worked (e.g., a full-time position for three months would be equal to a 0.25 FTE job if the reporting period is one year). If the information is not available, the guideline is two part-time jobs equal a full-time job.

This indicator reflects the aggregate results of all projects completed in the public sector, or those that have reached Early Operation maturity in the private sector. The OFRF presents both the most recent year’s results (for the 12 months leading up to June 30^th of the stated year) and three-year rolling cumulative values (for the 3 years leading up to June 30^th of the stated year), to address annual data variability and provide a longer-term perspective on development results achieved.

Why it matters for the OPEC Fund

Supporting jobs strengthens livelihoods, reduces poverty, expands economic participation, and enhances productivity and stability in partner countries. The OPEC Fund advances these outcomes through operations in priority areas as outlined in the Review and Update of OPEC Fund Strategic Framework 2030—specifically Infrastructure Development, Human Capital, Institutional Capacity, and Private Sector and Trade—by financing enterprises, services, and investments that create and sustain employment opportunities. This indicator aligns with SDG 1 (No Poverty), SDG 4 (Quality Education), SDG 5 (Gender Equality), SDG 8 (Decent Work and Economic Growth) and SDG 9 (Industry, Innovation, and Infrastructure).