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Global leaders convene at UNGA81 to mobilise finance for sustainable development

<p>New York: The State of Qatar, through the Qatar Fund for Development (QFFD), together with Canada, Norway, the World Bank Group (WBG), the Inter-American Development Bank Group (IDB), the United Nations Development Programme (UNDP), and the Development Bank of Latin America and the Caribbean (CAF), brought together global leaders for “Banking on Development” on the margins of the 81st Session…

Global leaders convene at UNGA81 to mobilise finance for sustainable development

In the margins of the 81st United Nations General Assembly session, leaders from around the world gathered for "Banking on Development," an event organized by the State of Qatar, Canada, Norway, the World Bank Group, the Inter-American Development Bank Group, the United Nations Development Programme, and the Development Bank of Latin America and the Caribbean.

Deputy Secretary-General of the UN Amina J. Mohammed opened the proceedings, followed by Qatar Fund for Development Chairman Sheikh Thani bin Hamad bin Khalifa Al-Thani and UNDP Executive President Haoliang Xu.

Prime Minister of Barbados Mia Amor Mottley and World Bank Group President Ajay Banga participated in a strategic dialogue, discussing the evolving development finance landscape and its role in job creation, resilience, and sustainable growth. Keynote speakers included Norway's Minister of International Development Øyvind Grøver Aukrust and Canada's Minister of International Development Randeep Sarai.

QFFD and the Inter-American Development Bank unveiled the Gulf-Latin America and the Caribbean Policy Paper, outlining a framework for enhanced cooperation and investment opportunities between the Gulf and Latin America and the Caribbean. Additionally, QFFD and CAF signed a Memorandum of Understanding to bolster regional collaboration and foster innovative financing for sustainable development.

Written by urgent.news from The Peninsula Qatar's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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