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Strategic Framework
Scaling up for greater impact
The Strategic Framework 2030 (SF2030) outlines the OPEC Fund’s long-term direction and guides the institution’s evolution into a more impactful and relevant multilateral development bank. Originally approved in 2019 and updated following a midterm review in 2024, the strategy reflects the OPEC Fund’s commitment to scale up its support to its partner countries through enhanced financial capacity, operational efficiency and global market access.
SF2030 is anchored around three core objectives:
- Promoting sustainable development through South–South cooperation
- Driving climate innovation and a just transition
- Building resilient and equitable societies
SF2030 defines the OPEC Fund’s operational priorities to help channel support to key sectors across its partner countries. Responding to strong demand from partner countries and clients, the OPEC Fund will continue to focus on financing infrastructure, invest in creating equitable economic opportunities and expand its commitment to developing human capital and institutional capacity.
SF2030 is guided by ambitious, measurable targets to be achieved by 2030, including:
- US$20 billion in total financing commitments
- At least US$5 billion dedicated to climate finance
- US$4 billion in support to Africa
- US$2 billion allocated to food security
Together, these commitments reflect the OPEC Fund’s determination to maximize its development impact and deliver stronger results for partner countries.