Coordination Secretariat of the Arab National and Regional Developmental Institutions,
the Islamic Development Bank, and the OPEC Fund for International Development (Coordination
The origins of the Group developed from the need, identified
by the members, to consult and optimize the application of resources and the giving
of aid by the various Arab Development Funds. This was adopted as the principal
objective of the group. A further objective is to derive benefit from coordinating
financing efforts and the accompanying procedures, particularly for major projects
and programs that exceed the capacity of any single institution. As well as achieving
common objectives the intention is to establish clear links to promote development
assistance and economic relations in the recipient countries.
The first meeting of the Group was held at the invitation of
the Kuwait Fund for Arab Economic Development on 20 September 1975 and was attended
by the Abu Dhabi Fund for Development, the Arab Fund for Economic and Social Development
and the Saudi Fund for Development. The participants agreed that bi-annual meetings
would be held at the level of the directors of operations and periodic meetings
at the level of heads of institution, as required. The directors of operations would
meet to discuss initiatives, cooperation and data on projects and development plans.
They would also meet to harmonize procedures with a view to avoid duplication and
redundancy. It was also agreed that the Arab Fund for Economic and Social Development
would assume the role of the Coordination Secretariat.