Asia

Approvals by Focus Area

Total approvals: US$ 9,264.58m

Transportation
Energy
Multisectoral
Financial
Agriculture
Education
Water & Sanitation
Health
Industry
Telecom

Amounts under US$90,000 may not be reflected in this chart.

Approvals by Financing Types

Total approvals: US$ 9,264.58m

Public Sector 75.62 %

Private Sector & Trade Finance 21.74 %

Grants 2.64 %

Human development has steadily improved across developing Asia, particularly in South Asia, and at the same time, poverty has decreased significantly across most of the region. The rapid growth in incomes among the poor, along with low unemployment, public transfers (such as pensions and cash transfers, among others), structural transformations and public investments have all contributed to the improvement.

However, there are many challenges to overcome, such as entrenched poverty, and high and rising inequality. The region is also vulnerable to the effects arising from climate change, which adds a further burden to efforts geared toward meeting the SDGs.

The OPEC Fund has longstanding ties with its Asian partners, a constituency that has grown to number 43 countries spread across the development spectrum. In 2019, US$771.7m was approved to 14 countries - the majority going to the energy (US$202m), transportation (US$295m) and financial (US$145m) sectors.