This significant financing was geared towards developing critical infrastructure, addressing global challenges like climate change and food security, and supporting international trade
VIENNA, Austria, June 16, 2025/APO Group/ --
The Arab Coordination Group (ACG) (https://TheACG.org/), the world's second-largest development finance group, extended US$19.6 billion collectively to fund nearly 650 operations in more than 90 countries in 2024. This significant financing was geared towards developing critical infrastructure, addressing global challenges like climate change and food security, and supporting international trade.

Arab Coordination Group (ACG) provided US$ 19.6 billion in 2024 to promote global sustainable development
The ACG Heads of Institutions gathered in Vienna today for their 20th annual meeting hosted by the OPEC Fund for International Development (the OPEC Fund). Ahead of the Fourth International Conference on Financing for Development (FFD4) which is scheduled to take place from 30 June to 3 July 2025 in Spain, the group reaffirmed its commitment to scaling-up financial assistance for sustainable development.
The top three sectors supported by ACG financing last year were energy (29 percent), agriculture (20 percent) and the financial sector (16 percent). Over 45 percent of the total financing promoted global trade, ensuring the movement of critical products and supporting small and medium-sized enterprises.
In 2024, approximately 20 percent of the ACG’s commitments were dedicated to Africa, aligned with the US$50 billion pledge made by the group in November, 2023. During their meeting in Vienna today, the Heads of Institutions pledged continued and increasing support to the most vulnerable communities in Africa. The commitment aims to provide financing for energy security and energy transition; food security; enhanced integration of the Arab and African regions; gender and youth initiatives; and private sector support.
The ACG will celebrate its 50th Anniversary in October 2025, marking a significant milestone in its journey of fostering sustainable development worldwide. This momentous occasion will provide an opportunity to reflect on the Group’s remarkable legacy, achievements, and challenges, while also reaffirming its commitment to global development. This event will not only document the Group’s accomplishments over the past fifty years but also inspire renewed commitment to advancing impactful development solutions worldwide.
Distributed by APO Group on behalf of Arab Coordination Group (ACG).The Group comprises 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 Programme for Development, the Arab Monetary Fund, the Islamic Development Bank, the Kuwait Fund for Arab Economic Development, the OPEC Fund for International Development, the Qatar Fund for Development and the Saudi Fund for Development.
….the article did not finish? Anyway I have hubnge amounts of respect for brother Gaboobe for setting hatuf and Somaliland times and running them at a loss fotr so long. However, he has ben, sadly I have to say, doing what the rest of the filth thatb calls themselves Somaliland media has ben doing: reporting libelous articles without following the most basic tenets of responsbile journalism like doubel sourcing, right to reply, corroboration, evidence-based investigative reporting. Why he did this to himself and his reputation is beyond me.
Lets see how he defends himself in court. Because evidence for his allegations will be sought and I believe he has none.
Thanks Kabocalaf for your houghtful comments. Gaboobe has been doing this for the last 20yrs and it is about time somebody took him to court. I congratulate those courageous public servants to take him to task. In his insane mind he has been lying for so long he is believing his own lies. He is defintely due foe weight loss, I hope they put him away and throw away the keys forever. This cancer has to be contained and recognize the real journalist who doesn’t belive in lies.
You die of envy kabo, you are troll.
I lost all respect for this gaboobe guy.
Haatuf and Yusuf Gabobe are the pillars of Somaliland’s media. This case is going to damage Somaliland’s reputation. Prominent international media orgs and others who are interested in Somaliland’s affairs have voiced their objection to the illegal closure of Haatuf and other media orgs.
All the Gov had to do was say dismiss the allegations from the newspapers and prove otherwise. Closure of media orgs and jailing journalists will damage Somaliland’s reputation and democracy aspirations.
Previous Gov have jailed Haatuf’s journalist Yusuf Gabobe and now this Gov. What does that say about Somaliland’s democracy and recognition. It is ironic that the Gov is entertaining delegates from Mogadisho while Somaliland’s Veteran journalists are in prison with terrorist criminals. This goes beyond common sense.
It shows the enemies and the rest of the observing world that Somaliland is run by weak trolls who can’t stand the test of the times. They are afraid of an unarmed man who is equipped with no more than a truthful pen, nothing more. If these people are non corruptible as one guy put it, then why not prove the truthful Mujahideen wrong by talking to the public to deny and come out clean of these accusations instead of hounding the people like gangsters, and trying to gag the mouths will not work and the real Somalilanders who fought and spilled blood for freedom and endured the hardships over a decades will not tolerate this dirty games by few cruel and corrupt politicians for long. To those who are lionizing and trying to defend these unpatriotic actions by the government, you are encouraging the corruption and disentgration of in your
Those who say they loss respect for the Great Mujahid Mr. Yusuf Gaboobe and those who hope that he fails in defending himself will soon be shamed because they chose to side with the corruption and nepotism. Guys you’re real shame on us and you’re totally out of the line. You defend your corruption and tribalism and feel threatened when a brave man like Gaboobe dares to love and fights for his beloved Somaliland and not for a few shillings. You have no history and he has a clean and brilliant one. He has fought for his country from day one, from the inception of the SNM todate and he’s not going to give up, neither will we, and if those cowards who fear the pen and do not want the truth to be told will go down soon Inshallah. Do you want him to keep his mouth shut like a coward when these cheap salesmen are selling our country? what was this energy minister doing lately? did he not admit to the theft of the funds meant for the recognize Somaliland campaign? Let them come clean on this first if they want to imprison and terrorize the real patriots, and rest assured we’re not going to abandon our hero, never.