Jeddah: The Islamic Development Bank (IsDB) participated virtually in the 95th periodic technical meeting of Heads of Operations of the Arab Coordination Group (ACG) on May 11-12, 2026, to discuss development projects and joint initiatives.
According to Saudi Press Agency, the meeting centered on strengthening cooperation, reviewing ongoing initiatives, and identifying priorities for development financing in the upcoming phase. It also highlighted efforts aimed at enhancing coordination mechanisms and expanding partnerships with relevant regional and international stakeholders.
The opening session, held on May 11, featured presentations by several key institutions, providing updates related to contract management, institutional performance, and future planning within the framework of the ACG.
Throughout the two-day meeting, participants reviewed initiatives aimed at strengthening coordination and highlighting the role of ACG institutions. A media plan presented by the Islamic Development Bank Group Business Forum (THIQAH) included proposed activities to enhance communication and outreach efforts for the upcoming period.
The agenda also included an advisory report reviewing achievements and future directions for coordination among member institutions. There were discussions on developing a rapid intervention mechanism for the Arab Coordination Group, initiated by the Arab Fund.
The meeting further addressed preparations for the upcoming high-level meeting between the Arab Coordination Group and the OECD Development Assistance Committee (DAC), as well as the 21st Meeting of Heads of Institutions scheduled in Vienna on June 22, 2026. The ACG invited the Global Center on Adaptation to deliver a presentation on potential areas of cooperation across specific sectors and countries.
Discussions also covered proposals for joint interventions in digital technology and artificial intelligence, as well as the exchange of information on new projects in Arab, African, Asian, and Latin American and Caribbean countries, alongside several other strategic and operational matters.
