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THE OPEC FUND AT 45 stories staff


Juan Limandibhratha Chief Risk Officer


le


stories &trade


Private finance It has been very gratifying to have led the team in


developing the OPEC Fund’s risk management framework in line with best industry practices, particularly those of


leading multilateral development banks. The many initiatives currently underway to enhance the OPEC Fund’s profile and impact require the highest standards of corporate governance and risk management. We look forward to building on this strong foundation to meet the risk management needs of the OPEC Fund in the years ahead in line with the goals of Strategic Framework 2030.


Since launching, we


have directly supported over 350,000 micro-, small- and medium- sized enterprises.


sector


In 1979, working with the Central American Bank for Economic Integration (CABEI), the OPEC Fund co-financed the first hydropower plant in Honduras.


During 2019 alone, the OPEC Fund approved


US$550 million for public sector operations co-financed with other development actors. The total cost of these operations was US$3.7 billion. Private sector and trade finance co-financiers in 2019 were many and varied, including the likes of the African Development Bank, the European Bank for Reconstruction and Development, the International Finance Corporation and the


Korean Development Bank, to name just four. Today, partnerships are more important than ever before.


The OPEC Fund has now approved almost 4,000


The OPEC Fund’s vision is a world where sustainable


development is a reality for all. Our operations focus on the development priorities of partner countries and


are aligned with the United Nations Sustainable Development Goals.


projects across its public sector (1,612), private and trade finance sector (500), and grants


(1,889) financing mechanisms.


stories Public


sector


Since the organization was established, public sector operations have contributed to a total of more than 67,000 km of power transmission and distribution lines.


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