Saudi Fund signs JCA with UK’s FCDO to boost global development

Saudi Fund signs JCA with UK’s FCDO to boost global development

The Saudi Fund for Development (SFD) and the UK’s Foreign, Commonwealth and Development Office (FCDO) have signed a joint cooperation arrangement (JCA) endeavoring to advance development and address policy issues of mutual concern. The two parties will also focus on effectively delivering the international development agenda of their respective organizations while strengthening their capacities to […]The Saudi Fund for Development (SFD) and the UK’s Foreign, Commonwealth and Development Office (FCDO) have signed a joint cooperation arrangement (JCA) endeavoring to advance development and address policy issues of mutual concern.

The two parties will also focus on effectively delivering the international development agenda of their respective organizations while strengthening their capacities to better respond to overseas development needs.

The goals and objectives outlined in the joint cooperation arrangement include providing support for the world’s poorest and most vulnerable people through improved donor coordination, enhanced transparency and aid accountability, and effective monitoring and evaluation.

On this occasion, UK’s Deputy Foreign Secretary and Minister of State Rt Hon. Andrew Mitchell MP said that, “It is vitally important that we get the Sustainable Development Goals back on track by 2030; our collective commitment has waned in recent years, the time is now to turn the tide on this.