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In this virtual event, panelists will present the landscape and the process of issuing Labelled Sukuk in order to finance the SDGs in the context of IsDB Member Countries (especially Uzbekistan, the host country for this year’s Annual Meetings), discuss market trends and share the experience of global best practices and industry standards with respect to Green, Social and Sustainability bonds/Sukuk.
Details of the various project financing and trade operations approved by the Board are as follows: DEVELOPMENT PROJECTS -US$15 million Global Line of Financing to three Banks in Uzbekistan ? Installment Sale/ Leasing, Uzbekistan.
President Al Jasser noted that the Islamic Development Bank Group, since inception, has approved over US$ 6.27 billion for Central Asia, comprising Kazakhstan, Kyrgyzstan, Turkmenistan, Tajikistan, and Uzbekistan.
Tashkent, Uzbekistan, 31 August 2021 - Saudi businesses have received the backing of Islamic Development Bank (IsDB) Group in promoting exports globally.
The landmark project will synergize the railway infrastructure of the three countries, providing access to landlocked Uzbekistan and Afghanistan to the seaports of Pakistan, and effectively connecting the Central-Asia to South-Asia and beyond.
Previous IDB investment conferences were held in the Central Asian Republics (Azerbaijan, Tajikistan, Uzbekistan), the Philippines,Indonesia, Malaysia, Comoros, Albania and Bosnia Herzegovina.
Banks and Financial Institutions Export Credit Agencies/ Insurers/Eximbanks Corporates 1 2 1 2 Trade Credit Insurance Offerings Political Risk Insurance and Credit Enhancement Offerings Trade Credit Insurance Offerings Political Risk Insurance and Credit Enhancement Offerings Export Credit and Investment Inward Reinsurance Insurance of Letters of Credit / Buyer Credit Insurance Investment Insurance Insurance of Supplier Credit Investment Insurance Reinsurance / Co-insurance / Fronting 9 I C I E C AT A G L A N C E Member States and Shareholders ICIEC supports trade and investment flows in 49 Member States North Africa Central Asia & Europe Algeria, Egypt, Libya, Mauritania, Morocco, Sudan, Tunisia Albania, Azerbaijan, Kazakhstan, Uzbekistan, Turkmenistan, Türkiye Southeast Asia South America Bangladesh, Brunei, Indonesia, Iran, Malaysia, Pakistan, Maldives Suriname West Africa Benin, Burkina Faso, Côte d’Ivoire, Gambia, Guinea, Mali, Niger, Nigeria, Senegal East & Central Africa Arab Asian Countries Cameroon, Chad, Comoros, Djibouti, Gabon, Mozambique, Uganda Bahrain, Iraq, Jordan, Kuwait, Lebanon, Oman, Palestine, Qatar, Saudi Arabia, Syria, UAE, Yemen 10 I C I E C AT A G L A N C E Top 10 Shareholders Islamic Development Bank (IsDB) 50.48% Other Shareholders 9.08% Saudi Arabia Egypt Iran UAE Kuwait Kazakhstan Morocco Qatar Türkiye 20.20% 4.51% 3.37% 2.52% 2.52% 2.28% 1.68% 1.68% 1.68% Bahrain Malaysia Pakistan Nigeria Libya Algeria Tunisia Yemen Burkina Faso Sudan Bangladesh Indonesia Gambia Turkmenistan Iraq Jordan Lebanon Oman Albania Azerbaijan Benin 40.44% 1.27% 0.92% 0.84% 0.74% 0.50% 0.34% 0.34% 0.34% 0.32% 0.25% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.17% 0.08% 0.08% 0.08% 11 Brunei Cameroon Chad Comoros Côte d'ivoire Djibouti Gabon Guinea Maldives Mali Mauritania Mozambique Niger Palestine Senegal Suriname Syria Uganda Uzbekistan 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% 0.08% I C I E C AT A G L A N C E ICIEC Risk Management At A Glance The Risk Management function of ICIEC is instrumental in ensuring that the Corporation maintains a sound risk profile, strong financial standing and creditworthiness.
The meeting adopted resolutions on financing of different infrastructural, educational and health projects in several other IDB member countries including Iran, Burkina Faso, Djibouti, Gambia, Mauritania, Uzbekistan, Guinea, Cameroon and Sudan. ... Details pertaining to approvals by IDB Board of Executive Directors are as follows: -USD 150 million istisnaa’ and / or leasing (12 years including 2 years of gestation) to be underwritten by IDB for OCP Jorf Lasfar Port Expansion Project – Morocco -USD 150 million istisnaa’ (16 years starting after 4 years of gestation) for Khartoum New International Airport Project – Sudan -USD 120 million leasing (15 years starting after 4 years of gestation) for Benha Combined Cycle Power Plant Project – Egypt -USD 65.6 million istisnaa’ (12 years after a gestation of 3 years) for Rural Electrification Project – Final Phase – Morocco -USD 27.90 million istisnaa’ (12 years starting after a gestation period of 4 years) for East Tehran Grain Silo Project – Iran -USD 17.80 million loan (25 years including a grace period of 7 years) for “Technical Secondary Education Project - Cameron” -USD 15.70 million loan (25 years including 7 years of grace) for The Development of the University of the Gambia Project – The Gambia -USD 14.20 million loan (25 years including 7 years of grace) Conakry Water Supply Project – Guinea -USD 13.50 million loan (25 years including 7 years of grace) for Ali Sabieh Regional Hospital Project – Djibouti -USD 11.70 million loan (25 years including 7 years of grace for Support to Secondary Education Sector – Uzbekistan -USD 9.80 million loan (25 years including 7 years of grace) for Basic Education Development Project-4 – Burkina Faso -USD 6.20 million loan (25 years including 7 years of grace) for Vocational Literacy Program for Poverty Reduction – Mauritania -USD 4.8 million loan (30 years including 10 years of grace) for the program on combating malaria in Sudan Meanwhile, the full details on the Board of Directors’ final approvals for grants to IDB WAQF Fund are as follows: - USD 420,000 for expansion of Omar Bin Khatab School for Islamic Center of Argentina, Buenos Aires, Argentina - USD 400,000 for construction of Brazilian Arabic School for the Islamic Cultural Center in Foz Do Iguacu, Brazil - USD 400,000 for expansion of the Islamic Cultural and Vocational Training Center in Kiev, Ukraine - USD 380,000 for construction of Islamic School for The Islamic & Cultural Center of Paraguay, Asuncion, Paraguay - USD 350,000 for construction of Students’ Dormitory and Educational Center in Batumi, Georgia -USD 308,000 for construction of School Building for Dire Dawa Secondary School, Dire Dawa, Ethiopia
For the current approvals by the Board of Executive Directors the IDB President announced that the US$ 942,8 amount which approved by BED, including the Urgent Assistance for Pakistan, has covered the Bank's participation in financing new development programs in many member countries, namely, Uzbekistan, , Syria, Bahrain, Mauritania and Sudan. ... Uzbekistan.
Jeddah-25/2/2007 The Board of Executive Directors of the Islamic Development Bank (IDB) concluded its 243rd session today at the Bank's headquarters in Jeddah, Kingdom of Saudi Arabia, approved more than US$ 614 million for financing trade operations, and new development projects in Kyrgyz, Uzbekistan, Tajikistan, Togo and Morocco. ... - US$ 10.5 million loan financing for Construction and Equipping of Vocational Colleges Project, Uzbekistan