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EXECUTIVE SUMMARY 01 CORPORATE PROFILE THE ISLAMIC DEVELOPMENT BANK ESTABLISHMENT ISLAMIC DEVELOPMENT BANK GROUP The Islamic Development Bank (IsDB) is an international ܪSFSHNFQ NSXYNYZYNTS JXYFGQNXMJI UZWXZFSY YT &WYNHQJX TK &LWJJRJSY XNLSJI FY YMJ HNY^ TK /JIIFM 0NSLITR TK 8FZIN &WFGNF TS XY 7FOFG - HTWWJXUTSINSL YT &ZLZXY 9MJ .SFZLZWFQ 2JJYNSL TK YMJ 'TFWI TK ,T[JWSTWXYTTPUQFHJNS7FOFG- /ZQ^FSIYMJ .X)'KTWRFQQ^GJLFSTUJWFYNTSXTS8MF\\FQ- 4HYTGJW 9MJ .X)' ,WTZU HTRUWNXJ [ܪJ JSYNYNJX 9MJ .XQFRNH )J[JQTURJSY 'FSP .X)' YMJ .XQFRNH 7JXJFWHM FSI 9WFNSNSL .SXYNYZYJ .79. ... \MNHMNXJVZN[FQJSYYTTSJ8UJHNFQ)WF\NSL7NLMY 8)7TK YMJ.SYJWSFYNTSFQ2TSJYFW^+ZSI LANGUAGE 9MJTKܪHNFQQFSLZFLJTKYMJ.X)'NX&WFGNHGZY*SLQNXMFSI +WJSHMFWJFQXTZXJIFX\TWPNSLQFSLZFLJX 2018 ANNUAL REPORT TRANSFORMATION IN A FAST-CHANGING WORLD: A ROAD TO SUSTAINABLE DEVELOPMENT GOALS EXECUTIVE SUMMARY 03 CONTENTS 04 IsDB ANNUAL REPORT 2018 2018 1 ANNUAL REPORT 3 2 IsDB ANNUAL REPORT 2018 CHAPTER 2 Abbreviations Key IsDB Development Interventions 06 Acknowledgements 07 Letter of Transmittal 08 Message from the President 09 Board of Executive Directors 10 Executive Summary: A Year-in-Review 12 CHAPTER 1 IsDB Group Initiatives and Programs 1.1 1.2 1.3 Summary of 2018 IsDB Group Operational Results IsDB Group Major Initiatives IsDB Group Achievements 22 24 28 31 Science, Technology, and Innovation 2.2 Financing Economic Infrastructure 2.3 Strengthening Social Infrastructure 2.4 Financing Agriculture Infrastructure 2.5 Inclusive Social Development Initiatives 2.6 Supporting Islamic Finance Development 2.7 Building Bridges between Member Countries through Reverse Linkages 2.8 Promoting Partnerships for Sustainable Development 2.9 Promoting Regional Cooperation and Integration among Member Countries 2.10 Leveraging the Adahi to Support the Needy CHAPTER 3 40 Fostering Institutional Effectiveness 42 3.1 3.2 2.1 45 45 51 53 56 59 62 The Board of Governors 76 The Board of Executive Directors 77 3.3 Risk Management 78 3.4 Audit Activities 78 3.5 Credit Ratings 79 3.6 Member Countries Partnership Strategy 79 3.7 Operations Evaluation 81 3.8 Development Effectiveness 82 3.9 Group Information Management and Technology Solutions 85 3.10 Human Resources Management 85 ANNEXES Annexes 1—5B 69 74 Annexes 6A—9B 86 107 73 EXECUTIVE SUMMARY 05 ABBREVIATIONS 10YSF AAOIFI AsDB AFD AIIB AMF APIF BADEA BED BMGF BoG CDS CEEFM CIBAFI COMCEC CSOs E4C EAA ECO FDI GCC GIS GVCs IADB ICBA ICD ICIEC ID IsDB IsDBG IsDB-OCR IDPs IFRC IFSB ILO IPP IRTI ISFD ITAP ITFC ITFO LDC LDMCs LLF MCPS MCs MDBs MENA 06 .X)',WTZU>JFW8YWFYJL^+WFRJ\TWP &HHTZSYNSLFSI&ZINYNSL4WLFSN_FYNTSKTW.XQFRNH +NSFSHNFQ.SXYNYZYNTSXNS.X)'2(X &XNFS)J[JQTURJSY'FSP &LJSHJ+WFSऋFNXJIJ)ऍ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slamic Development Bank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sDB ANNUAL REPORT 2018 MoU NGOs OECD OED OIC P5P PCRs PPP SDGs SMEs STF STI TCP TWAS UIF UNCTAD UNDP UNECE UNESCAP UNESCO UNESCWA UNICEF UNOPS UNOSSC WAIPA WBG WHO-AFRO 2JRTWFSIZRTK:SIJWXYFSINSL 3TS,T[JWSRJSYFQ4WLFSN_FYNTSX 4WLFSNXFYNTSKTW*HTSTRNH(TTUJWFYNTSFSI Development 4UJWFYNTSX*[FQZFYNTS)JUFWYRJSY 4WLFSNXFYNTSTKYMJ.XQFRNH(TTUJWFYNTS 5WJXNIJSYѣX+N[J>JFW5WTLWFR 5WTOJHY(TRUQJYNTS7JUTWYX 5ZGQNH5WN[FYJ5FWYSJWXMNU 8ZXYFNSFGQJ)J[JQTURJSY,TFQX 8RFQQFSI2JINZR*SYJWUWNXJX 8YWZHYZWJI9WFIJ+NSFSHJ 8HNJSHJ9JHMSTQTL^FSI.SST[FYNTS 9JHMSNHFQ(TTUJWFYNTS5WTLWFR 9MJJRJS ]7J[JWXJ1NSPFLJX9WNFSLZQFW(TTUJWFYNTS ]N Poverty Reduction; and (xii) Capacity Building in areas to facilitate the results under the Global Partnership on Effective Development Cooperation and the Sustainable Development Goals (SDGs) Agenda 2030.
DEVELOPMENT EFFECTIVENESS REPORT 2023 “Cherishing our Past, Charting our Future: Originality, Solidarity and Prosperity” Disclaimer “This work is a product of the staff of the Islamic Development Bank Group. ... The Islamic Development Bank does not guarantee the accuracy of the data included in this work.
Moreover, for the fifth time, ICIEC was awarded the Global Islamic Finance Award (GIFA) for the “Global Islamic Export Credit and Political Risk Insurance 2020”. ... ICIEC priorities include the delivery of development impact, enabling Islamic finance, the development of value-based partnerships, and enabling excellence in both our staff and industry.
As highlighted in the ADER, ITFC has achieved notable results in promoting a paperless trade system through digitization. ... i) Progress in meeting strategic objectives PROMOTION OF ISLAMIC FINANCE Amid the impact of the COVID-19 pandemic, Islamic Finance has reported remarkable double-digit growth in both asset volumes and financing over the past five years (IFSB, 2021).
Khalid Khalafalla, Officer-in-Charge, ICIEC INSIDE THIS ISSUE: ICIEC Insight Member Country Profile Suriname Business Update and Project Highlights Trade Shows Resilience, Khurram Hilal - Global Head A Resurgent Türkiye Riding18 3 Global 13 Divergence and Threat of Islamic Finance Standard the Crest of an Export Boom Embracing Rising Opportunities Gender and Climate – a Tale of Two Transitions Economic Power of Gender Balance forTheCredit Insurance and PRI in a - A Unique Opportunity to Advance Inclusivity, Resilience and Recovery Fragmented Global Economic Ecosystem with Rising Risks Exclusive and TensionsInterview Maëlia Dufour, President of the BERNE UNION 11 Dr. ... In this Interview, she discusses the state of the credit and investment insurance industry, the challenges of digitalization and AI, the economic power of gender balance, the priorities going forward, and reflects on the achievements of the last two years under her tenure.
These initiatives for technology deployment will be aligned to develop capacities in priority sectors of the Bank such as food security, climate change, education, healthcare, digitization, etc.. within the context of the two strategic pillars. ... The identified technologies will be evaluated to determine (if any), location-specific constraints, levels of development, resource requirements, potential transformational impact, as well as cost-effectiveness, affordability, transferability, adaptability, and suitability.
Pre-pandemic, the financing gap was estimated at USD 2.5 trillion. ... In 2021, ICIEC forged new partnerships with the Member States, such as Saudi Eximbank and the Islamic Organisation for Food Security (IOFS), and non-Member States, such as Nippon Export and Investment Insurance (NEXI).
C M Y CM MY CY CMY K 01 ITFC AR-22-P1 copy.pdf 6 5/8/23 12:20 AM ITFC Annual Report - 2022 LETTER OF THE BOARD OF DIRECTORS TO THE GENERAL ASSEMBLY C M Y CM MY CY CMY In the Name of Allah, the Merciful, the Compassionate H.E. the Chairman General Assembly of the International Islamic Trade Finance Corporation K Assalamu Alaikum wa Rahmatullahi wa Barakatuh Pursuant to Article 26(1) of the Articles of Agreement of the International Islamic Trade Finance Corporation (ITFC), I have the honor to present to the esteemed Members of the General Assembly, on behalf of ITFC’s Board of Directors, the Annual Report of ITFC for the year 2022. ... Nazeem Noordali Chief Operating Officer, Trade Solutions Complex Ahmad Jafar Sabbagh General Manager, Digital & Operational Excellence Najeeb Rana General Manager, Internal Audit Ibrahima Sory Soumah Chief Risk Officer, Risk Legal and Compliance Nasser M.
To continue to be even more relevant to the needs of our member countries, as a recognized leader in poverty alleviation, we have launched a complete transformation of ISFD that culminated in a new strategy 2030. ... In 2020, with the support of PricewaterhouseCoopers (PwC), it developed a study as part of a newly launched transformation program to enhance its effectiveness and impact in delivering its mandate.
It plays an important role in the transformation of IDB Group into a world-class knowledge based organization by leading and sustaining the development of a dynamic and comprehensive Islamic Financial Services Industry (IFSI) to support the socio-economic development of member countries. ... International Islamic Trade Finance Corporation (ITFC) ITFC was established in 1429H (2008) to advance trade across the Islamic world.