The Peace Research Institute Oslo (PRIO) has brought together government leaders, international organizations, and development partners to discuss the future of global development finance and international cooperation.
The high-level ministerial meeting of the Coalition of Governments on Global Public Investment (GPI) was convened by PRIO Research Professor Simon Reid-Henry during the Africa Forward Summit in Kenya. The event gathered representatives from 18 governments, United Nations agencies, international financial institutions, and philanthropic organizations.
Held under the theme “Shaping a Common Future: Africa’s Leadership in a New International Financial Architecture,” the meeting focused on how development financing can better address modern global challenges amid declining traditional aid budgets.
Participants explored the concept of Global Public Investment, a model that encourages countries to contribute according to their capabilities while sharing the benefits of collective progress. The approach aims to create a more inclusive and sustainable framework for international development cooperation.
The meeting concluded with a commitment to examine a new Africa-led framework for development partnerships built on shared responsibility, mutual respect, and common prosperity. Leaders emphasized the importance of innovative financing mechanisms to support economic growth, climate action, health systems, and other global priorities.
The Kenya gathering follows the Coalition’s first regional meeting in Bogotá earlier this year and is expected to help shape discussions at a global session scheduled during the United Nations General Assembly later in 2026.
According to PRIO, growing interest in Global Public Investment reflects the need for new approaches to international cooperation as countries seek solutions to increasingly interconnected economic and development challenges. The initiative also aligns with the organization’s broader research efforts on global governance and international collaboration.
The discussions highlight Africa’s emerging role in shaping a more equitable international financial system and advancing new models of development finance for the future.
