The Arab Coordination Group (ACG), one of the world’s largest
partnerships of development finance institutions, convened its
21st Meeting of Heads of Institutions today at the
headquarters of the OPEC Fund for International Development in
Vienna, Austria. The meeting was hosted during the OPEC Fund's
50th anniversary year, marking five decades of support
for sustainable development and international cooperation.


The meeting brought together the leaders of ACG member
institutions to reaffirm the Group’s longstanding spirit of
partnership, strengthen cooperation among its members, and
reinforce its shared commitment to advancing sustainable
development across the world.


The gathering serves as an important platform for ACG leadership
to exchange perspectives, strengthen institutional relationships,
and ensure continued alignment in support of the Group’s collective
development mission. The meeting reflects the enduring values that
have guided the ACG for more than five decades: solidarity, mutual
trust, collaboration, and a shared dedication to improving lives
and promoting prosperity in developing countries.


In 2025, ACG member institutions collectively extended US$25.7
billion to finance nearly 735 operations in more than 97 countries.
Over the past five decades, the Group has provided more than
US$331.5 billion in development financing across more than 13,000
projects in over 160 countries, supporting economic growth,
infrastructure development, social progress, and sustainable
development worldwide.


The Heads of Institutions reviewed the Group’s progress over the
past year and reaffirmed their commitment to further strengthening
cooperation among member institutions. Discussions focused on
sustaining the strong partnerships that underpin the Group’s
success and enhancing the effectiveness of its collective efforts
to address evolving development needs around the world.


On the margins of the meeting, ACG leaders engaged in roundtable
meetings hosted by the OPEC Fund, with the Government of Barbados,
the Chair of the Climate Vulnerable Forum and its V20 Finance
Ministers (CVF-V20), African Development Bank and Inter-American
Development Bank and CAF - Development Bank of Latin America and
the Caribbean, reflecting the Group’s continued commitment to
fostering constructive dialogue and strengthening collaboration
across the global development community.







In their concluding remarks, the Heads of Institutions
reaffirmed the Arab Coordination Group’s enduring commitment to
cooperation, partnership, and shared purpose. They emphasized that
the Group’s success over the past five decades has been built on
strong institutional relationships, mutual respect, and a common
dedication to advancing development outcomes for countries and
communities around the world.


About the Arab Coordination Group (ACG)


The Arab Coordination Group (ACG) is a strategic alliance that
provides a coordinated response to development finance. Since its
establishment in 1975, ACG has been instrumental in developing
economies and communities for a better future, providing more than
13,000 development loans to over 160 countries around the globe.
Comprising ten development funds, ACG is the second-largest group
of development finance institutions in the world and works across
the globe to support developing nations and create a lasting,
positive impact.


The Group comprises the Abu Dhabi Fund for Development, the Arab
Bank for Economic Development in Africa, the Arab Fund for Economic
and Social Development, the Arab Gulf Programme for Development,
the Arab Monetary Fund, the Islamic Development Bank, the Kuwait
Fund for Arab Economic Development, the OPEC Fund for International
Development, the Qatar Fund for Development and the Saudi Fund for
Development.