Istanbul, Turkey, 2 September 2019 – Senior participants at a preparatory meeting at UNDP’s Regional Bureau for Europe and Central Asia in Istanbul, Turkey, are elaborating and exchanging views on the different aspects of a program steered by the Islamic Solidarity Fund for Development (ISFD) and the Islamic Development Bank (IsDB) Group in collaboration with the United Nations Development Program (UNDP) as well as several other partners.
The program which is to be launched on 27th September 2019, on the sidelines of the UN General Assembly in New York, falls in line with tackling poverty in the least developed communities, especially in IsDB member countries, all of them also members of the Organization for Islamic Cooperation (OIC).
Mr. Khemais El Gazzah, Senior Advisor to ISFD Director General stated at the preparatory meeting: “Tackling poverty is one of the core mandates of the IsDB Group, yet it is not a one man-job and cannot be undertaken single handedly. That is why we and our development partners, are turning to empowering Non-Governmental Organizations (NGOs), especially the local NGOs in our member countries. On 27th September 2019, on the sidelines of the UN General Assembly in New York, we will be launching TADAMON, which is “NGOs Empowerment Program” in close cooperation with the UNDP and our other development players. We hope TADAMON will assist us in tackling the main challenges that local NGOs are facing especially their access to finance. This, we hope, will enable them to enhance their capacities in better delivering development results mainly focusing on tackling poverty.”
Gerd Trogemann, Manager of the UNDP Regional Bureau for Europe and Central Asia Istanbul Regional Hub, in his opening remarks, stated:
“The complexity of today’s development challenges cannot be tackled by individual organizations, individual projects and traditional development finance alone. To reach the Sustainable Development Goals, the global development community has to work together differently, go much deeper and reach much wider than we may have done before. We need to go beyond our organizational borders and build networks and platforms of partnerships, which are designed to solve complex and systemic development challenges and which include and connect a wide range of partners who all have different levels of reach, different approaches and different solutions. Many solutions exist, but may not be recognized, not sufficiently leveraged and lack scaling to demonstrate their potential impact. What this program represents is our collective aim and ambition together with our partners from IsDB and ISFD to reach out, connect and build the capacities of NGOs and CSOs in OIC member states; understand how they work and the role they play and how they can contribute to the aim of reducing poverty and to the SDGs overall. UNDP is proud to join this program, to help build the capacities of NGOs and CSOs not just in terms of traditional training, but in terms of equipping them with tools, good practices and financing approaches of the future.”
This Program comes on the back of ISFD’s US $10 million seed contribution and aims at empowering local Non-Governmental Organizations (NGOs) to be more effective in combatting poverty in OIC member countries. This will help the ISFD to better focus on addressing consolidated and coordinated efforts by all development actors, including governments, civil society, donors and others, in the face of major socio-economic challenges that some member countries of the IsDB Group are going through.
TADAMON is inherently an innovative and transformative partnership initiative with donors contributing more than US $1 million to the program represented at its strategic steering committee.
Approved by the ISFD Board, the Program aims at empowering NGOs to improve the socio-economic well-being of the hard-to-reach communities through refugees education, job creation, building resilience and community livelihoods development. The scope of the Program includes: (i) mapping, screening and categorizing national NGOs in selected Member Countries (MCs); (ii) building capacity of selected NGOs; (iii) promoting transformative projects supporting refugees’ basic education, building resilience (job creation) and development projects; (iv) setting up sustainable innovative financing mechanisms for NGOs; and (v) program management.
High profile representatives from various international, regional and local civil society organizations (CSOs), donors’ representatives, crowdfunding organizations, as well as regional and international institutions are attending the two-day preparatory meeting amongst them; UNDP, the Turkey-based SESRIC, the African Development Bank (AfDB), Save the Children, Spark International, and the Arab Bank for Economic Development in Africa (BADEA), the Vafaa Group, Albaraka TR, Al-Quds Fund, UK Prosperity Fund Turkey, UNCHR, Sakarya University and Digital Zakat.
About the Islamic Solidarity Fund for Development (ISFD)
Islamic Solidarity Fund for Development (ISFD) is the poverty alleviation arm of the Islamic Development Bank (IsDB) Group and was established as a special fund within the IsDB to reduce poverty in its member countries by promoting pro-poor growth, emphasizing human development, especially improvements in health care and education, and providing financial support to enhance the productive capacity and sustainable means of income for the poor. ISFD also helps in securing electric power and different services to underdeveloped rural areas.
Headquartered in Jeddah, Kingdom of Saudi Arabia, the Fund was officially launched during the 32nd Annual Meeting of the IsDB Board of Governors (BOG), held on 29-30 May, 2007G in Dakar, Senegal. The Fund has been established in the form of a Waqf (i.e. Trust), with a principal target capital of US $10.00 billion.
Two overarching themes, in line with the IsDB Vision 1440H, define the focus of the ISFD: Improving and enhancing the income of the poor, and promoting the development of human capital.
About United Nations Development Program (UNDP)
UNDP works in about 170 countries and territories, helping to achieve the eradication of poverty, and the reduction of inequalities and exclusion. We help countries to develop policies, leadership skills, partnering abilities, institutional capabilities and build resilience in order to sustain development results.
About the Islamic Development Bank Group
The Islamic Development Bank (IsDB) is one of the world's largest multilateral development banks that has been working for over 40 years to improve the lives of the communities that it serves by delivering impact at scale.
The Bank brings together 57-member countries across four continents touching the lives of 1 in every 5 of the world’s population.
Rated AAA by the three major rating agencies of the world, the IsDB maintains an annual volume of operations above US $10 billion and a subscribed capital of US $70 billion. With its headquarters in Jeddah, Kingdom of Saudi Arabia, the Bank also runs major regional hubs in Turkey, Morocco, Indonesia, Kazakhstan, Bangladesh, Senegal, and Nigeria.
The mission of the Islamic Development Bank is to equip people to drive their own economic and social progress at scale, putting the infrastructure in place to enable them to fulfil their potential.
The IsDB builds collaborative partnerships among communities and nations, and work towards the UN Sustainable Development Goals (SDGs) by harnessing the power of science, technology and innovation and fostering ethical and sustainable solutions to the world’s greatest development challenges.
Over the years, the Islamic Development Bank has evolved from a single entity into a group (IsDB Group) comprising five entities: Islamic Development Bank (IsDB), the Islamic Research and Training Institute (IRTI), the Islamic Corporation for the Development of the Private Sector (ICD), the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), and the International Islamic Trade Finance Corporation (ITFC).