Vienna: The Arab Coordination Group (ACG) 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.
According to Saudi Press Agency, 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.
Chairman of the Islamic Development Bank (IsDB) Group Dr. Muhammad Al Jasser reaffirmed the group's commitment to working closely with its partners in the Arab Coordination Group to accelerate sustainable development, strengthen resilience, and maximize impact across member countries and beyond. He highlighted the progress achieved by the group over the past year and renewed its commitment to enhancing cooperation among its member institutions.
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.
In 2025, ACG member institutions collectively extended $25.7 billion to finance nearly 735 operations in more than 97 countries. Over the past five decades, the group has provided more than $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.
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.