INAUGURAL OPEC FUND DEVELOPMENT FORUM TO DISCUSS “DRIVING RESILIENCE & EQUITY”
Global leaders invited to share experience, express views and move to concrete action By Axel Reiserer, OPEC Fund
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quaring the circle between targeting climate resilience with the goal of ensuring equitable access to energy will be the main theme of the inaugural OPEC Fund Development Forum in Vienna on June 21, 2022, discussing “Driving Resilience & Equity”. Global leaders, policymakers, heads of financial and development institutions, business representatives and senior experts are expected to share their experience, exchange views and devise concrete action.
OPEC Fund Director-General Dr. Abdulhamid Alkhalifa said: “We are convening this forum to mobilize momentum at a time when there is a real danger that these urgent issues will slip behind on the global agenda. Our conference will raise awareness, renew our commitment and pave the way to concrete action. Solutions to global challenges such as climate change, energy transition, or other urgent needs must be crafted smartly and inclusively so as to work for everyone – every country, every society and every household.” The event will take place at the Hofburg, the former principal imperial palace located in the center of Vienna. Following an opening address by the OPEC Fund Director- General and keynote speeches, the event will highlight critical questions such as: how to strike the right balance between ensuring climate health and essential energy access; how innovations in technology as well as financing mechanisms can fundamentally transform delivery; and what it will ultimately take to translate joint ambitions into on-the-ground development action and impact. Leveraging its position as a globally
active development partner the OPEC Fund intends to establish the Development Forum as a regular
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EVENT: Inaugural OPEC Fund
feature in the calendar of international conferences with the goal of accelerating progress in the delivery of the SDGs. The United Nations has indicated in recent reports that both the Sustainable Development agenda and more specifically the climate change agenda are behind target. Recent geopolitical events have caused further disruption and are severely affecting many developing countries with basic needs such as food supplies. The Development Forum will follow
consultations of the Arab Coordination Group, an organization dedicated to economic and social development. The heads of the Abu Dhabi Fund for Development (ADFD), the Arab Bank for Economic Development in Africa (BADEA), the Arab Fund for Economic and Social Development (AFESD), the Arab Gulf Program for Development (AGFUND), the Arab Monetary Fund (AMF), the Islamic Development Bank Group (IsDBG), the Kuwait Fund for Arab Economic Development (KFAED), the OPEC Fund for International Development, the Qatar Fund for Development (QFD)
Development Forum
and the Saudi Fund for Development (SFD) are invited to meet on June 20, 2022, at the OPEC Fund’s Headquarters in Vienna. A busy events week will come to a close with the annual meeting of the OPEC Fund Ministerial Council, the highest decision-making body of the organization, on June 22, 2022, and the 180th Session of the OPEC Fund Governing Board on June 24, 2022, which will be chaired by Director-General Dr. Alkhalifa.
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