EVENTS
Jeremiah Manele, Prime Minister, Solomon Islands
IN THEIR OWN WORDS
Forum included the Vice President and Minister of Finance of the Republic of Botswana, Ndaba Nkosinathi Gaolathe; the Prime Minister of São Tomé and Príncipe, Américo d’Oliveira dos Ramos; the Prime Minister of the Solomon Islands, Jeremiah Manele; the Minister of Economy of Azerbaijan, Mikayil Jabbarov; the Minister of Planning and International Cooperation of Guinea, Ismaël Nabé; the Minister of Finance of Nepal, Ghanshyam Upadhyaya; the Minister of Finance and Economic Planning of Rwanda, Yusuf Murangwa; and the Minister Delegate to the Minister of Finance of Chad, Fatima Acyl. The goal to boost development support was achieved. The OPEC Fund signed US$362 million in new loan agreements during the Forum and announced the approval of US$720 million in new financing. A Country Partnership Framework agreement with Rwanda was also signed which earmarks US$300 million in financing for the next three years. Ahead of the Forum a dedicated Arab Donors Roundtable on the Sahel addressed strategies to mobilize greater support for the region’s urgent challenges. The next Development Forum, embedded in the celebrations of the OPEC Fund’s 50th anniversary, will take place on Tuesday, June 23, 2026.
The uncertainty created by trade protectionism and increasing unilateralism is making the landscape more challenging for MDBs. The development finance gap, the debt crisis in the developing world, budgetary constraints of donor countries and a
shortfall in green and climate finance make it imperative to find new approaches to finance.
Yang Shaolin, Director General, Ministry of
Finance, People’s Republic of China
Our recent history is a story of building resilience and security in resources – energy, food and water – and future-proofing that resilience through investment in renewables and
green technologies. Our goal is to build Azerbaijan’s future on human capital with investment in education and digital transformation.
Inset right, top to bottom: Yusuf Murangwa, Minister of Finance and Economic Planning, Rwanda; Mohammed Aljadaan, Minister of Finance, Saudi Arabia; Américo d’Oliveira dos Ramos, Prime Minister, São Tomé and Príncipe; Fatima Acyl, Minister Delegate to the Minister of Finance, Chad
Mikayil Jabbarov, Minister of Economy, Azerbaijan
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