Coordination Group of Arab/OPEC/Islamic Development Institutions
The Coordination Group of Arab/OPEC/Islamic Development Institutions is a collective body of three bilateral and six multilateral agencies set up to provide greater cohesion and effectiveness in the delivery of Arab aid. Established in 1975, the Group meets twice a year at the level of Director of Operations to share initiatives, synchronize programs, and harmonize approaches and best practices. By pooling information and resources, coordinating efforts and drawing on the combined skills and expertise of its members, the Group has maximized aid effectiveness and cost efficiency, and succeeded to a measurable degree in eliminating duplication and waste. Its members are the Abu Dhabi Fund for Development (ADFD), the Arab Bank for Economic Development in Africa (BADEA), the Arab Monetary Fund (AMF), The Arab Fund for Economic and Social Development (AFESD), The Arab Gulf Program for United Nations Development Organizations (AGFUND), the Islamic Development Bank (IsDB), the Kuwait Fund for Arab Economic Development (KFAED), the OPEC Fund for International Development (OFID) and the Saudi Fund for Development (SFD).
Read more about this topic: OPEC Fund For International Development
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