Financing for food security (US$)

Definition

Total volume of approved financing to projects contributing to projects in food security, at the end of the reporting period.

Why it matters for the OPEC Fund

The OPEC Fund’s Strategic Framework 2030 (SF2030) has set a target of US$2 billion for financing for enhance food security for the 2025-2030 period to help counteract the widespread disruptions in food systems, prices and trade experienced in recent years. These disruptions, exacerbating stress on food systems due to climate change, have hit vulnerable populations in many OPEC Fund partner countries particularly hard, posing threats to lives and livelihoods. The OPEC Fund has therefore included this target as a main priority area in its SF2030.