(MENAFN- Trend News Agency) RIYADH, Saudi Arabia, April 27. South-Southcooperation has been increasingly institutionalized, said DimaAl-Khatib, Director of the UN Office for South-South Cooperation(UNOSSC), Trend reports.
She made the remarks during the panel discussions on 50 Years ofChampioning South-South Cooperation in its Member Countries andBeyond held as part of the Islamic Development Bank Group (IsDB)annual meetings in Riyadh.
“We do have a very important role in supportingintergovernmental processes, different declarations, decisions thathappens at the global level and ensuring that South-Southcooperation and triangular cooperation are mainstreamed anddefinitely supported,” said Al-Khatib.
She noted that the recent events that have been happeningwhether it's the Havana Declaration on science, technology andinnovation, whether it's the south summit, whether it's the middleincome countries' declaration, every declaration and every decisionso far has been voicing the importance of South-South cooperationand triangular cooperation in bridging the gap of the SustainableDevelopment Goals (SDGs) and advancing the development.
“South-South cooperation has been increasinglyinstitutionalized. Another key constituency of what we do is toalso demonstrate how does South-South cooperation and triangularcooperation work and this is via the trust funds that we manage andthat are entrusted to us by member states from the south, and thatare implemented by the multilateral system,” she said.
Al-Khatib underpinned the importance of the role of the UNsystem at the countries' and the regional level, in terms ofbringing also the technical expertise and supporting South-Southcooperation and triangular cooperation.
“Another key aspect is the generation of scalable and shareableknowledge across countries,” she added.
The Islamic Development Bank Group (IsDB) is holding its 2024Annual Meetings and Golden Jubilee in Riyadh from April 27-30,under the Royal Patronage of the Custodian of Two Holy Mosques,King Salman Bin Abdulaziz Al-Saud.
The 2024 Annual Meetings are being held under the theme of“Cherishing our Past, Charting our Future: Originality, Solidarityand Prosperity”, which marks IsDB's 50 years of fosteringsocio-economic development in its member countries.
Among other topics, the meetings will also feature a roundtableon COP29 with the participation of Azerbaijani governmentrepresentatives.
As the premier South-South multilateral development Bank, the2024 IsDB Group Annual Meetings and Golden Jubilee are expected toattract international and regional attention. The Annual Meetingswill feature a series of side events with top-level panelists fromgovernment, international and regional organizations, the privatesector, academia, and civil society.
Ministers of Economy, Planning, and Finance from IsDB's 57member countries will participate in the event, along withrepresentatives of international and regional financialinstitutions, Islamic banks, private sector companies, national andinternational development finance institutions, international andregional organizations, NGOs, chambers of commerce & Industry, andbusiness councils.
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