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OPEC Fund Development Forum advances collaboration and solutions for global development challenges June 27, 2024: The third OPEC Fund Development Forum, a global South-South cooperation event, concluded with firm commitments, new project signings and partnership agreements in Vienna. Partners vowed to tackle urgent global development issues such as climate change, food security and energy transition and to accelerate progress towards the 2030 Agenda for Sustainable Development. The Forum, hosted by the OPEC Fund for International Development, attracted more than 350 public and private sector development partners, who discussed pressing topics such as strengthening institutions, developing smart infrastructure and building human capacity. Focusing on concrete results, the OPEC Fund announced US$605 million in fresh financing approved by its Governing Board. OPEC Fund President Abdulhamid Alkhalifa said: “Our collective efforts at this Forum have laid the groundwork for impactful initiatives that will drive progress in addressing global challenges. Collaboration and innovation are key to our success. We are committed to turning plans into action and to delivering effective solutions together with our partner countries.”