Heads of the Arab Coordination Group (ACG) institutions gathered on the sidelines of the Fourth International Conference on Financing for Development (FfD4) to issue a historic joint communiqué reinforcing their commitment to “agile, equitable, and forward-looking” development finance—marking 50 years of collective impact.
Context & Purpose
- FfD4 backdrop: As the world confronts expanding financing gaps, climate shocks, debt stress, and persistent fragility, ACG institutions aim to shape a more equitable and resilient global financial architecture.
- Regional voice: The communiqué emphasizes ACG’s push for formal representation as permanent stakeholders in global policy, governance, and financing mechanisms—highlighting the need to reflect regional realities in post‑FfD4 frameworks.
Strategic Commitments
The communiqué outlines eight core pledges:
- Climate-resilient financing: Expand support for adaptation, resilient infrastructure, and climate-smart tools like green Sukuk.
- Fragile-state engagement: Channel financing into early recovery, reconstruction, and community-led stabilization.
- Land restoration: Deploy instruments to restore degraded lands, improve soil health, and sustain biodiversity.
- Private-sector mobilization: Use guarantees, blended finance, and PPPs to attract private investment for SDG sectors.
- Islamic finance leadership: Promote asset‑backed Islamic financial solutions and digital innovations for transparency and monitoring .
- South–South cooperation: Strengthen cross-regional collaboration in climate resilience, food security and digital inclusion.
- Coordinated action plan (2025–2030): Align operations with FfD4 themes and major summits like COP30 and the 2026 SDG Summit.
- Institutional representation: Advocate for ACG institutions to be co‑architects—not implementers—in shaping a fairer global financial system.
Scale & Impact
- 2024 funding milestone: ACG collectively financed US $19.6 billion across nearly 650 projects in over 90 countries.
- Long-term effect: Over 50 years, ACG has co-financed more than 13,000 sovereign loans globally, mobilizing crucial investment in infrastructure, agriculture, education, and more.
Why It Matters
- Global influence: The communiqué marks a coordinated push by Arab development institutions to shape global financial systems—not merely follow international decisions.
- Holistic approach: By integrating climate resilience, fragile-state aid, land restoration, Islamic finance, and private-sector engagement, the ACG sets a comprehensive agenda for inclusive growth.
- South–South solidarity: Highlighting regional cooperation, the communiqué positions ACG as a conduit for South–South knowledge sharing and financing.
Final Analysis
The ACG’s Seville communiqué signals a strategic transition—from regional donors to architects of global development finance. Its eight-pronged framework aligns with urgent global challenges—climate change, fragility, inequality—while championing the inclusion of Arab voices in policy, governance, and financial systems.
As international forums (like COP30 and the SDG Summit) draw near, ACG’s commitment underscores: sustainable, inclusive development must be shaped with, not for, regions at the frontlines.
Would you like an in-depth look at individual pledges, ACG members’ roles, or how this communiqué compares to past development frameworks?
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