OPEC Fund launches landmark climate finance compact, unveils US$1.5 billion digital transformation plan at 2026 Development Forum

OPEC Fund launches landmark climate finance compact, unveils US$1.5 billion digital transformation plan at 2026 Development Forum

The Forum’s key outcomes included the launch of the Vulnerability to Viability Compact (V2V), designed to improve access to affordable development finance for climate-vulnerable countries, and the unveiling of the OPEC Fund’s US$1.5 billion Digital Transformation Action Plan, which will guide investments in digital infrastructure, capabilities and applications through 2030. OPEC Fund President Abdulhamid Alkhalifa…