Presidency 05 Olatunji Yusuf, IsDB SIMPLE: Six Strategies to Spur the Interest of Local Communities on Climate Change in Developing Countries Muhammad Jameel Yusha’u, IsDB Promoting Sustainable and Inclusive Transformation of Agrarian Economies in Rural Afghanistan (SITARA) Farid Khan, IsDB The Middle East Green Initiative (MGI): From Ambition to Action Ahmed Saleh Hariri, Advisor MGI, Ministry of Environment, Water and Agriculture. ... These multifaceted issues have profound implications for both the Islamic Development Bank (IsDB) Group and its member countries (MCs).

ANNUAL EVALUATION REPORT 2024 INDEPENDENT E VALUATION DEPARTMENT (IEvD) TABLE OF CONTENTS LIST OF ACRONYMS AND ABBREVIATIONS...... .................................................................................... . . . . . . . . . 4 ACKNOWLEDGMENTS. .................................. ..................................................................................... . . . . . . . . 6 FOREWORD BY ODEC CHAIR. ............................................................................................................ . . . . . . . . . 7 MESSAGE FROM THE IEVD DIRECTOR ................................................................................................. . . . . . . . . 8 EXECUTIVE SUMMARY. ................................. ..................................................................................... . . . . . . . . 9 2024 IN NUMBERS. ..................................... .................................................................................... . . . . . . . . 12 CHAPTER 1: PROJECT AND PROGRAM EVALUATIONS............................................................................ . . . . . . . . 14 Health Sector: Strengthening Systems and Expanding Access to Quality Health Services.......... . . . . . . 15 Education Sector: Expanding Opportunities and Enhancing Quality of Education....................... . . . . . . 18 Cross-Cutting Learnings . ...................... .................................................................................... . . . . . . . 20 Key Lessons . ........................................ .................................................................................... . . . . . . . 21 CHAPTER 2: MACRO-LEVEL EVALUATIONS . ......................................................................................... . . . . . . . 24 Thematic Evaluation of Regional Cooperation and Integration Policy and Strategy .. .................. . . . . . . 26 Agriculture and Rural Development Sector Evaluation................................................................ . . . . . . 28 Evaluation of the Awqaf Funds for Poverty Alleviation .............................................................. . . . . . . . 30 Evaluation of the Islamic Solidarity Fund for Development........................................................ . . . . . . . 32 Evaluation of IsDB Corporate Consultancy Procurement Process .. ........................................... . . . . . . . 34 Key Lessons and Take Aways from the Macro-Level Evaluations.............................................. . . . . . . . 36 CHAPTER 3: IMPLEMENTING THE EVALUATION RECOMMENDATIONS ....................................................... . . . . . . 40 Recommendation Implementation Progress Across the Organization . . ..................................... . . . . . . 42 Influencing Change. ............................... .................................................................................... . . . . . . . 44 APPENDICES. . . . ........................................... .................................................................................... . . . . . . . 46 Appendix 1: List of Projects and Programs................................................................................ . . . . . . . 47 Appendix 2: Performance Across the Four Evaluation Criteria by Sector.. .................................. . . . . . . . 50 Appendix 3: List of 2024 PCR Validation Assessment Scores (Following list of validated PCRs during 2024). . ......................................................................... . . . . . . . 52 Appendix 4: List of Macro Evaluations . ..................................................................................... . . . . . . . 53 Appendix 5: List of Selected Outreach Activities......................................................................... . . . . . . 54 ANNUAL EVALUATION REPORT / 2024 / INDEPENDENT EVALUATION DEPARTMENT 3 LIST OF ACRONYMS AND ABBREVIATIONS 3Y-RWP 3-Year Rolling Work Plan ACG Arab Coordination Group ADB Asian Development Bank AfDB African Development Bank AI Artificial Intelligence APIF AWQAF Property Investment Fund ARD Agriculture and Rural Development BED Board of Executive Directors CAE Country Assistance Evaluation CEE Country Engagement Evaluation CCD Cooperation & Capacity Development CCTE Corporate, Country & Thematic Evaluation CF Counterpart Funding CLEAR Center for Learning on Evaluation and Results CPPE Country Portfolio Performance Evaluation DAC Development Assistance Committee EA Executing Agency ECD Evaluation Capacity Development ECG Evaluation Coordination Group EDN Executive Dissemination Note ELO Evaluation Learning and Outreach EWA Electricity and Water Authority ICD Islamic Corporation for the Development of the Private Sector ICIEC Islamic Corporation for the Insurance of Investment and Export Credit ICT Information and Communications Technology IEvD Independent Evaluation Department IPDET International Program for Development Evaluation Training IsDB Islamic Development Bank ISFD Islamic Solidarity Fund for Development ITFC International Islamic Trade Finance Corporation KAAP King Abdullah bin Abdulaziz Program for Charity Works ANNUAL EVALUATION REPORT / 2024 / INDEPENDENT EVALUATION DEPARTMENT 4 KS-Relief King Salman Humanitarian Aid and Relief Center LDMC Least Developed Member Countries MAP Management Action Plan MC Member Country MCPS Member Country Partnership Strategy MCPS-CR Member Country Partnership Strategy Completion Review MDB Multilateral Development Bank M&E Monitoring & Evaluation MENA Middle East and North Africa ODEC Operations and Development Effectiveness Committee OECD Organization for Economic Cooperation and Development PCR Project Completion Report PCR-VN Project Completion Report Validation Note PIASR Project Implementation Assessment and Support Report PPE Project and Program Evaluation PPER Project Performance Evaluation Report SA Special Assistance SME Small and Medium Enterprise STEER Systematic Tracking of the Execution of Evaluation Recommendations TA Technical Assistance TVET Technical Vocational Education and Training WB World Bank ANNUAL EVALUATION REPORT / 2024 / INDEPENDENT EVALUATION DEPARTMENT 5 ACKNOWLEDGMENTS This report was prepared by a team led by Nur Abdi and comprised of Dr. ... This year’s report encapsulates a year of notable progress for the IEvD marked by expansion of our evaluation scope to encompass increased number of thematic evaluations and self-evaluation validations in addition to project and macro evaluations, reaffirming the Islamic Development Bank (IsDB) Group’s commitment to fostering accountability and learning, in its development interventions.

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.