ISLAMIC DEVELOPMENT BANK 39 Years In the Service of Development Islamic Development Bank Group 39 YEARS IN THE SERVICE OF DEVELOPMENT Jumada-II 1434H (May 2013) For enquiries about this booklet, please write to: Director, Economic Research and Policy Department Islamic Development Bank P. ... International Islamic Trade Finance Corporation (ITFC) ITFC was established in 1429H (2008) to advance trade across the Islamic world.

IDB GROUP MEMBERS, FUNDS AND INSTITUTIONS ..................... 6 3.1. ... IDB AS A LEARNING INSTITUTION .................................................. 31 X. 9.1 Knowledge Acquisition and Management........................................ 31 9.2 Knowledge Dissemination ............................................................. 34 CHALLENGES AND THE WAY FORWARD ....................................... 35 viii ABBREVIATIONS ADFIMI - Association of National Development Financing Institutions in Member Countries of the IDB ALESCO - Arab League Economic, Social and Cultural Organization AMU - Arab Maghreb Union APIF - Awqaf Properties Investment Fund AsDB - Asian Development Bank AfDB - African Development Bank BADEA - Arab Bank for Economic Development in Africa BOG - IDB Board of Governors CILSS - Comite Intergouvernemental de lutte Contre la Sécheresse au Sahel (Inter-State Committee for Drought Control in the Sahel) CIS - Commonwealth of Independent States COMCEC - OIC Standing Committee for Economic and Commercial Cooperation COMSTECH - OIC Standing Committee for Scientific and Technological Cooperation EBRD - European Bank for Reconstruction and Development ECO - Economic Co-operation Organization EFS - Export Financing Scheme EIB - European Investment Bank EMTN - Euro Medium-Term Note ESCWA - Economic and Social Commission for Western Asia ECOWAS - Economic Community for West African Countries FDI - Foreign Direct Investment HIPC - Heavily Indebted Poor Countries IBP - Islamic Banks Portfolio for Investment and Development ICBA - International Centre for Biosaline Agriculture ICCI - Islamic Chamber of Commerce and Industry ICD - Islamic Corporation for the Development of the Private Sector ICDT - Islamic Centre for the Development of Trade ICIEC - Islamic Corporation for Insurance of Investment and Export Credit ix ID IMF - Islamic Dinar which is equivalent to one Special Drawing Right of the International Monetary Fund IIF - IDB Infrastructure Fund IIRA - International Islamic Rating Agency IMF - International Monetary Fund IRTI - Islamic Research and Training Institute of IDB ISESCO - Islamic Educational, Scientific and Cultural Organization ITFO - Import Trade Fin

iv 42 Years in the Service of Development ABBREVIATIONS AfTIAS APIF CIBAFI E4C GCC ICD ICIEC ID IDB IDBG IFC IIRA IRTI ISFD ITAP ITFC IWAH LDMCs LLF MCs MDBs MENA MoUs OCR OECD OIC PPP SMEs TCP TCPP TVET UIF UNCTAD WIEF WWqF YFV : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : Aid for Trade Initiative for Arab States Awqaf Properties Investment Fund Council of Islamic Banks and Financial Institutions Education for Competitiveness Gulf Cooperation Council Islamic Corporation for the Development of the Private Sector Islamic Corporation for the Insurance of Investment and Export Credit Islamic Dinar (equivalent to one Special Drawing Right of IMF) Islamic Development Bank Islamic Development Bank Group Implementation Facilitation Committee Islamic International Rating Agency Islamic Research and Training Institute Islamic Solidarity Fund for Development Investment Promotion Technical Assistance Program International Islamic Trade Finance Corporation International Waqf Advisory House Least Developed Member Countries Lives & Livelihoods Fund Member Countries of the Islamic Development Bank Multilateral Development Banks Middle East and North Africa Memorandum of Understandings Ordinary Capital Resources of IDB Organisation for Economic Cooperation and Development Organisation of the Islamic Cooperation Public-Private Partnership Small and Medium Enterprises Technical Cooperation Program Trade Promotion and Cooperation Program Technical Vocational Education and Training Unit Investment Fund United Nations Conference on Trade and Development World Islamic Economic Forum World Waqf Foundation Yellow Fever Vaccine 42 Years in the Service of Development v CORPORATE PROFILE OF THE ISLAMIC DEVELOPMENT BANK Establishment The Islamic Development Bank (IDB) is an international financial institution established pursuant to Articles of Agreement done at the city of Jeddah, Kingdom of Saudi Arabia, on 21st Rajab 1394H corresponding to 12 August 1974. ... Accounting Unit The accounting unit of the IDB is the Islamic Dinar (ID), which is equivalent to one Special Drawing Right (SDR) of the International Monetary Fund.