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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The Arab Coordination Group announces a $50 billion initiative to support development in African par

    Rocky
    Rocky
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    The Arab Coordination Group announces a $50 billion initiative to support development in African par Empty The Arab Coordination Group announces a $50 billion initiative to support development in African par

    Post by Rocky Fri 10 Nov 2023, 4:44 am

    The Arab Coordination Group announces a $50 billion initiative to support development in African partner countries
    • Time: 2023/11/10 09:08:47
       
    • Read: 871 times

    The Arab Coordination Group announces a $50 billion initiative to support development in African par Klrejg-lre
      
    {International: Al-Furat News} The Arab Coordiantion Group announced its initiative to allocate an amount of up to $50 billion until the year 2030, to help build resilient infrastructure and inclusive societies for all on the African continent as part of strengthening its support for African partner countries and Before the United Nations Climate Change Conference (COP28).
    This announcement was made by the Chairman of the Islamic Development Bank Group, Mohammed bin Sulaiman Al-Jasser, during the economic conference accompanying the Saudi-African Summit, which was held yesterday in the city of Riyadh.
    Many African countries are particularly vulnerable to the impacts of climate change, and strengthening resilience to and adaptation to these changes is an urgent need.
    In a joint statement, the group of ten development institutions stated the following: “Recognizing that the relationship between sustainable development and financing climate action activities is comprehensive and complex, the Arab Coordination Group reaffirms its commitment to increasing financial assistance for climate change in line with the Paris Climate Agreement and to help bridge... Investment gaps in energy access, including low-carbon energy sources, and enhancing climate resilience, mitigation and adaptation, in addition to food security.”
    The group's funding allocated will support initiatives in many areas such as: energy security, energy transition, enhancing regional integration and communication, financing and facilitating trade, initiatives to empower women and youth and create job and education opportunities for them, enhancing support for fragile states, enhancing development effectiveness, financing the private sector, and food security. , poverty, and unemployment.
    “We acknowledge the urgent need to address these challenges through coordinated and timely actions,” the statement also said.
    The group has long supported African partner countries, and its institutions have collectively invested more than $220 billion in the region to date, and we reaffirm our commitment to supporting sustainable development in African countries.
    On behalf of the Arab Coordination Group, the President of the Islamic Development Bank, Dr. Muhammad Al-Jasser, said: “Our faith in promising Africa, its vibrant societies, and its vibrant youth is unshakable. However, we are fully aware of the development challenges facing the continent, from the repercussions of the recent global pandemic, and the challenges of food security.” And the escalating climate crisis, and we are committed to working side by side with African countries, regional entities, civil society organizations, the private sector, and other development institutions.”
    It is worth noting that the Arab Coordination Group is a strategic alliance that aims to find and provide coordinated and effective solutions for development financing. The Arab Coordination Group consists of 4 bilateral institutions and 6 multilateral institutions: 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 Program for Development, the Arab Monetary Fund, the Islamic Development Bank, the Kuwait Fund for Arab Economic Development, and the Arab Fund for Arab Economic and Social Development. OPEC for International Development, Qatar Fund for Development, and Saudi Fund for Development.

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