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Traditional sources of financing sustainable development in developing countries are international institutions, multilateral and bilateral funds and foreign direct investment.Currently, the Coordination Group for Financing for Development includes eight national and regional Arab development institutions, in addition to the Islamic Development Bank and OPEC Fund for International Development. These institutions have substantially contributed to the financing of the Millennium Development Goals and have made a strong commitment to providing assistance to finance the SDGs.Arab recipient countries can attract more funding for their sustainable development objectives from development financing institutions in the region by streaming their strategies toward the sustainable development goals. According to a group of economists working on a new AFED report on financing sustainable development in the Arab world, the cost of corruption in Arab countries ranges between 2 and 3 percent of the GDP.Achieving sustainable development and enhancing environmental protection in the Arab region begins with fighting corruption.
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