On May 15, 2026, the 2026 South-South Cooperation Summit concluded in Jakarta, Indonesia, with 40 member states signing the Jakarta Action Plan. This framework aims to boost trade, technology transfer, and climate resilience among developing nations, according to the UN Office for South-South Cooperation.
The summit, held from May 12-15, focused on digital infrastructure and food security. Key outcomes include a $2 billion fund for green energy projects in Africa and Asia, and a pledge to share agricultural technology to combat drought.
UN Secretary-General António Guterres praised the initiative, stating it 'represents a vital step toward a more equitable global economy.' The plan will be reviewed annually, with a progress report due in 2027.
