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    • Opinion
    • Opinion: Development Finance

    Global public investment shows international cooperation can succeed

    Opinion: Instead of framing financial flows mainly as “aid” from high- to lower-income countries, global public investment envisions a system where all countries contribute, all benefit, and all have a say in how resources are used.

    By Martin Clavijo // 02 October 2025

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    Much of the discussion at this year’s United Nations General Assembly high-level week in New York focused on the acute challenges facing international cooperation. Many media reports, understandably, emphasized areas in which countries diverged.

    We were inspired, therefore, to be involved in one major step forward for multilateralism taken at UNGA week: The inaugural meeting of a coalition working to advance global public investment.

    Global public investment is an equitable, 21st-century approach to tackling global challenges, through which all countries benefit, to which all contribute according to their means, and in which all decide together as equals. It starts from the recognition that in an interconnected world, our fates are interdependent, and that solutions to our shared challenges need to be shaped by all of us together.

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    Read more:

    ► Bad information is blocking billions in development finance

    ► Opinion: In Sevilla, a moment to bridge the development finance chasm

    ► Are guarantees the most underrated tool in development finance? (Pro)

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    The views in this opinion piece do not necessarily reflect Devex's editorial views.

    About the author

    • Martin Clavijo

      Martin Clavijo

      Martin Clavijo is executive director of the Agency for International Cooperation of Uruguay and coconvenor of the coalition of governments and international institutions for global public investment.

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