CAF, Qatar fund expand co-financing push at UNGA81 development finance forum
Development lenders and government partners are stepping up efforts to close widening financing gaps across emerging economies through broader cross-regional cooperation. At the UNGA81 sidelines, CAF and the Qatar Fund for Development formalised a new agreement as policymakers and investors discussed how to mobilise public and private capital for sustainable growth.
Highlights
- At UNGA81, CAF and Qatar Fund for Development advance co-financing initiatives, emphasizing cross-institutional partnerships for scalable and sustainable development outcomes.
- QFFD and Inter-American Development Bank release a Gulf-Latin America and the Caribbean policy paper to deepen institutional and investment ties and development cooperation.
- CAF and QFFD sign a memorandum of understanding to strengthen regional cooperation and create new opportunities for innovative co-financing of sustainable development priorities.
UNGA81 forum advances cross-regional financing ties
As reported by CAF, the "Banking on Development" convening at the 81st Session of the United Nations General Assembly brings together governments, multilateral lenders, bilateral institutions, philanthropy groups and private sector participants to examine how development finance can meet increasingly complex funding needs.The programme focuses on strengthening partnerships, improving coordination across institutions and regions, and developing practical financing approaches that can turn development priorities into scalable and sustainable outcomes. The event is opened by Qatar's Minister of State for International Cooperation, H.E. Dr. Mariam bint Ali bin Nasser Al-Misnad, and QFFD Chairperson H.E. Sheikh Thani bin Hamad bin Khalifa Al-Thani, with a keynote address by U.N. Deputy Secretary-General Amina J. Mohammed.
A strategic dialogue at the gathering includes Barbados Prime Minister Mia Amor Mottley and World Bank Group President Ajay Banga, who discuss the changing development finance landscape and the role of investment in expanding economic opportunity. Other participants include representatives from Norway, Canada, the Inter-American Development Bank, UNDP, the U.S. International Development Finance Corporation, BlackRock and Microsoft Elevate.
New agreements widen Gulf-Latin America cooperation
Alongside the forum, QFFD and the Inter-American Development Bank launch a Gulf-Latin America and the Caribbean policy paper aimed at deepening institutional partnerships, investment links and development cooperation between the two regions. The paper outlines opportunities to connect markets, expertise and capital more closely and to convert shared strengths into broader development and investment partnerships.QFFD and CAF also sign a memorandum of understanding to strengthen regional cooperation and advance innovative financing for sustainable development. The agreement is designed to create new opportunities for collaboration and co-financing by linking development expertise with capital in support of shared priorities.
Together, the discussions and announcements reinforce a financing model that relies on public, private and philanthropic capital working in tandem. Organisers present that approach as necessary to support jobs, livelihoods and longer-term economic resilience across developing markets.
Bank Negara Malaysia’s update on domestic financial market stability highlighted how Malaysia’s currency and bond markets were adjusting in an orderly way despite U.S. rate hikes and a stronger dollar. Our earlier article also noted that solid Q2 GDP growth, steady investor demand for corporate bonds, and ongoing hedging activity were supporting financing conditions, alongside preparations to transition from KLIBOR to alternative overnight reference rates.