The OPEC Fund for International Development has launched a $1.5 billion Digital Transformation Action Plan and a new Vulnerability to Viability (V2V) Compact aimed at expanding climate fi nance for vulnerable economies during its 2026 Development Forum.
The Digital Transformation Action Plan will support investments in digital infrastructure, skills and innovation across developing countries through 2030, making digital transformation the Fund’s third strategic priority alongside climate action and food security.
The V2V Compact, launched in partnership with the Government of Barbados, seeks to improve access to affordable, long-term development fi nance for 74 climate-vulnerable countries.
The initiative will initially focus on water security, education and healthcare.
During the forum, the OPEC Fund also announced more than $2.8 billion in new fi nancing, partnerships and development programs, including over $450 million in fresh commitments for infrastructure, private sector development and economic resilience across partner countries.