Measures for stronger institutions

Measures designed, adopted, enacted or implemented for stronger institutions and legal and regulatory frameworks

Definition

Number of laws, decrees, policies, strategies, action plans, frameworks, or other formal measures designed, adopted, approved, enacted or implemented by the government or relevant authorities in the context of the intervention. This includes but is not limited to resolutions, cabinet decisions, ministerial orders, regulatory provisions, amendments to existing laws or policies, ratified frameworks, and issued rules or guidelines that contribute to legal, regulatory, or institutional changes.

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

Strengthening institutional capacity and improving legal and regulatory frameworks are essential for effective governance, private sector development, and climate-resilient policies. 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 Institutional Capacity, Private Sector and Trade, and Climate Action—by supporting reforms, policies, and regulatory measures that enhance transparency, efficiency, and the enabling environment for sustainable development. This indicator aligns with SDG 1 (No Poverty), SDG 8 (Decent Work and Economic Growth), SDG 10 (Reduced Inequality), SDG 13 (Climate Action) and SDG 16 (Peace, Justice, and Strong Institutions).