Administrative cost as % of outstanding portfolio

Definition

Administrative cost as % of outstanding portfolio represents administrative expenses (net of any non-recurring expenses, as well as pensions and post-retirement costs) divided by outstanding portfolio multiplied by 100.

Why it matters for the OPEC Fund

Administrative Cost as % of Outstanding Portfolio evaluates the proportion of administrative expenses (net of any non-recurring expenses, as well as pensions and post-retirement costs) relative to the total portfolio, offering insights into operational resource needs and efficiency. While maintaining cost discipline is important, this metric also highlights the need for appropriate resource allocation to administrative functions, ensuring they are adequately supported to deliver high-quality project preparation, implementation, monitoring, and evaluation.