As part of the Private Sector Forum organized on the sidelines of the Islamic Development Bank Group Annual Meetings, the Arab Coordination Group has held a high-level session titled “Partnering for Impact: The Arab Coordination Group and the Private Sector Driving Sustainable Development”.
The event took place at the Abdelatif Rahal International Conference Center in Algiers.
The session brought together key stakeholders from the Arab Coordination Group (ACG) institutions, private sector companies, government entities, and international organizations to discuss collaborative strategies for promoting sustainable development.
During the meeting, delegates highlighted leading initiatives, investments, and success stories spearheaded by ACG institutions, underscoring the global developmental impact of these partnerships.
Discussions centered around strategic priorities for private sector engagement in emerging and promising markets, with a particular focus on scalable development solutions and cross-sectoral cooperation.
The session concluded with an interactive questions and answers’ segment that fostered constructive dialogue between Arab Coordination Group representatives and private sector leaders on co-financing opportunities and future partnerships.
This collaboration was described to be marking a pivotal step in strengthening the private sector’s role in development efforts among ACG member institutions.
By fostering cooperation and open dialogue, stakeholders are empowered with the tools and insights needed to tackle critical challenges such as economic development and other key priorities aligned with the Sustainable Development Goals (SDGs).
Delegates also discussed ways to improve infrastructure development and empower small and medium-sized enterprises (SMEs) as engines of economic growth.
The sessions contributed to further deepening ties between ACG members and the private sector, paving the way for more joint projects and the adoption of innovative practices to enhance development outcomes.
Distinguished Speakers Included Dr. Mohammed Al-Yami, the Director General, Development Effectiveness Office, Islamic Corporation for the Development of the Private Sector (ICD) – IsDB Group, Khaled Hamza, the Vice President for the Private Sector, Arab Fund for Economic and Social Development and Mr. Khaled Khodouri, the Business Development Director, Private Sector Operations, OPEC Fund for International Development.
Others were Mr. Muncif Galoush from Arab Bank for Economic Development in Africa (BADEA) which was moderated by Mr. Ibrahim Shoukry, Director of Partnerships and Resource Mobilization, Islamic Development Bank (IsDB)
The Arab Coordination Group (ACG) is a strategic alliance that provides a coordinated response to development finance.
Through knowledge-sharing, combined expertise, and effective assistance, the Group assists developing countries in reaching their economic and social development objectives.
Since its establishment in 1975, ACG has been instrumental in developing economies and communities for a better future, providing more than 11,000 development loans in the public sector to over 160 countries around the globe.
Through effective coordination and collaboration, the Group provides a wide range of targeted solutions and optimized deployment of resources to meet the development needs of nations.
As the second-largest donor group in the world, ACG is committed to delivering innovative development finance solutions that assist developing countries and have a positive and sustainable impact on global issues. Â