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Ms Aminath Shauna, Minister of Environment, Climate Change and Technology of Maldives Contents Foreword 3 News in Brief 5 ICIEC Joins InsuResilience Global Partnership Platform for Collaboration, Shared Learning and Delivery for Climate and Disaster Risk Finance and Insurance Solutions 5 Africa Co-Guarantee Platform (ACGP) Steps Up De-risking Support, Guarantees and Credit Insurance to Boost Trade and Investment Flows to the Continent 5 Al Rajhi Bank Signs US$1bn Sustainability Commodity Murabaha Facility - the Largest Shariah-compliant ESG Syndication in the Middle East to Date 6 Malaysia’s Affin Bank Group Launches Pioneering Affin Solar Financing-i Plan to Support Retail Customers to Transition to Solar Energy Options 6 ICIEC Consolidates its Climate Action Playbook with Online Climate Risk Screening Software Solution, Aware for Projects 6 The Political and Economic Dichotomies of Climate Action 8 Climate Action Must Not Only be Done but Must be Seen to be Done COP27 – Implementation Imperative 14 08 14 Turning Words into Action Stakeholder Comment 16 16 Extinction Rebellion Vulnerable States Fight for Their Very Survival Climate Finance and Private Capital 19 Opportunities and Constraints in Mobilizing Private Climate Financing in Emerging Markets and Developing Economies Islamic Finance and Climate Action – A Connectivity Steeped in Faith 22 Resetting the Role for Climate Finance – Towards an Islamic Climate Action Vision 2050 Impact Standards in Climate Finance 28 Making Blended Finance Work for the Decade of Delivery - What Does the Future Hold for Green, Social, Sustainable and Sustainability-linked Bonds? ... Major political decisions, notably on finance for Loss and Damage, need to be taken at COP27.
Disclaimer: To accommodate scheduling limitations, the content of this publication has not been subject to standard EIB proofreading. 2022 JOINT REPORT ON MULTILATERAL DEVELOPMENT BANKS’ CLIMATE FINANCE OCTOBER 2023 This report was written by a group of multilateral development banks (MDBs), composed of the African Development Bank (AfDB), the Asian Development Bank (ADB), the Asian Infrastructure Investment Bank (AIIB), the Council of Europe Development Bank (CEB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the InterAmerican Development Bank Group (IDBG), the Islamic Development Bank (IsDB), the New Development Bank (NDB) and the World Bank Group (WBG). ... Methodologies and definitions ABBREVIATIONS AND ACRONYMS ADB Asian Development Bank AfDB African Development Bank AIIB Asian Infrastructure Investment Bank CCF Climate co-finance CEB Council of Europe Development Bank CIF Climate Investment Funds CO 2 Carbon dioxide EBRD European Bank for Reconstruction and Development EIB European Investment Bank EU European Union € Euro FY Fiscal year GEF Global Environment Facility GCF Green Climate Fund GHG Greenhouse gas IBRD International Bank for Reconstruction and Development IDA International Development Association IDB Inter-American Development Bank IDBG Inter-American Development Bank Group, composed of the IDB, IDB Lab and IDB Invest IDB Invest The private sector arm of the IDBG IDB Lab The innovation laboratory of the IDBG IDFC International Development Finance Club IFC International Finance Corporation IsDB Islamic Development Bank LDCs Least Developed Countries MDBs Multilateral development banks MIGA Multilateral Investment Guarantee Agency NAMAs Nationally Appropriate Mitigation Actions NDCs Nationally Determined Contributions NDB New Development Bank SIDS Small Island Developing States UNFCCC United Nations Framework Convention on Climate Change $ United States dollar WBG World Bank Group, composed of the IDA, IBRD, IFC and MIGA PREFACE The Joint Report on Multilateral Development Banks’ Climate Finance is an annual collaborative effort to publish Multilateral Development Banks’ (MDBs’) climate finance figures, together with a clear explanation of the methodologies for tracking this finance as climate finance.
Disclaimer: To accommodate scheduling limitations, the content of this publication has not been subject to standard EIB proofreading. 2022 JOINT REPORT ON MULTILATERAL DEVELOPMENT BANKS’ CLIMATE FINANCE OCTOBER 2023 This report was written by a group of multilateral development banks (MDBs), composed of the African Development Bank (AfDB), the Asian Development Bank (ADB), the Asian Infrastructure Investment Bank (AIIB), the Council of Europe Development Bank (CEB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the InterAmerican Development Bank Group (IDBG), the Islamic Development Bank (IsDB), the New Development Bank (NDB) and the World Bank Group (WBG). ... Methodologies and definitions ABBREVIATIONS AND ACRONYMS ADB Asian Development Bank AfDB African Development Bank AIIB Asian Infrastructure Investment Bank CCF Climate co-finance CEB Council of Europe Development Bank CIF Climate Investment Funds CO 2 Carbon dioxide EBRD European Bank for Reconstruction and Development EIB European Investment Bank EU European Union € Euro FY Fiscal year GEF Global Environment Facility GCF Green Climate Fund GHG Greenhouse gas IBRD International Bank for Reconstruction and Development IDA International Development Association IDB Inter-American Development Bank IDBG Inter-American Development Bank Group, composed of the IDB, IDB Lab and IDB Invest IDB Invest The private sector arm of the IDBG IDB Lab The innovation laboratory of the IDBG IDFC International Development Finance Club IFC International Finance Corporation IsDB Islamic Development Bank LDCs Least Developed Countries MDBs Multilateral development banks MIGA Multilateral Investment Guarantee Agency NAMAs Nationally Appropriate Mitigation Actions NDCs Nationally Determined Contributions NDB New Development Bank SIDS Small Island Developing States UNFCCC United Nations Framework Convention on Climate Change $ United States dollar WBG World Bank Group, composed of the IDA, IBRD, IFC and MIGA PREFACE The Joint Report on Multilateral Development Banks’ Climate Finance is an annual collaborative effort to publish Multilateral Development Banks’ (MDBs’) climate finance figures, together with a clear explanation of the methodologies for tracking this finance as climate finance.
Vision The IsDB strives to become a world-class development bank, inspired by Islamic principles, that helps to significantly transform the landscape of comprehensive human development in the Muslim world and to restore its dignity. ... International Islamic Trade Finance Corporation (ITFC) Provides financing and capacity building to encourage intra trade across OIC Member Countries. 5 I C I E C AT A G L A N C E ICIEC Unique Role Established in 1994 in Jeddah, Saudi Arabia, as a multilateral institution and member of the Islamic Development Bank Group Rated Aa3 by Moody’s with a Stable Outlook for 16 consecutive years. 3 x recipient of Islamic Finance News (IFN) awards. 2x recipient of the Global Trade Review (GTR) award. 5 x recipient of the Global Islamic Finance (GIFA) award. 2x recipient of Project Finance International (PFI) award. 2x recipient of Global Brands Magazine award. 1x recipient of the IJGlobal award.
The IDB Group comprises five entities: the Islamic Development Bank (IDB), 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). ... By the year 1440H, the Islamic Development Bank will have become a world-class development bank, inspired by Islamic principles, that has helped significantly transform the landscape of comprehensive human development in the Muslim world and helped restore its dignity.
Vision By the year 1440H, the Islamic Development Bank shall have become a world-class development bank, inspired by Islamic principles, that has helped significantly transform the landscape of comprehensive human development in the Muslim world and helped restore its dignity. ... Islamic Development Bank Group IDB Group comprises five entities: Islamic Development Bank (IDB), Islamic Research and Training Institute (IRTI), Islamic Corporation for the Development of the Private Sector (ICD), Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), and International Islamic Trade Finance Corporation (ITFC).
Vision By the year 1440H, the Islamic Development Bank shall have become a world-class development bank, inspired by Islamic principles, that has helped significantly transform the landscape of comprehensive human development in the Muslim world and helped restore its dignity. ... Islamic Development Bank Group IDB Group comprises five entities: Islamic Development Bank (IDB), Islamic Research and Training Institute (IRTI), Islamic Corporation for the Development of the Private Sector (ICD), Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), and International Islamic Trade Finance Corporation (ITFC) Head Office and Regional Offices Headquartered in Jeddah, the Kingdom of Saudi Arabia, IDB has four regional offices in Rabat, Morocco; Kuala Lumpur, Malaysia; Almaty, Kazakhstan; and Dakar, Senegal.
ISLAMIC DEVELOPMENT BANK IDB BOARD OF EXECUTIVE DIRECTORS Hon. ... Development of Islamic Banking and Finance................................................................................ 52 CHAPTER 2: ECONOMIC COOPERATION AMONG MEMBER COUNTRIES................................. 57 I.
Vision By the year 1440H, the Islamic Development Bank shall have become a world-class development bank, inspired by Islamic principles, that has helped significantly transform the landscape of comprehensive human development in the Muslim world and helped restore its dignity. ... Islamic Development Bank Group IDB Group comprises five entities: Islamic Development Bank (IDB), Islamic Research and Training Institute (IRTI), Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), Islamic Corporation for the Development of the Private Sector (ICD), and International Islamic Trade Finance Corporation (ITFC).
TABLE OF CONTENTS 3 List of Acronyms and Abbreviations 5 Acknowledgments 7 Foreword by ODEC Chair 8 Message of the Director, OED 10 Executive Summary 12 Chapter 1: The Evaluation Year at a Glance Project Evaluations Macro-Level Evaluations Enabling, Learning and Outreach (ELO) Activities 20 24 26 27 Chapter 2: Performance Analysis and Development Results Performance Assessment Overview Criteria-Based Analysis Overall Performance Assessment Development Results 28 30 30 31 34 35 Chapter 3: Featured Topic: Evaluation in the Context of the Pandemic 42 Chapter 4: Learning and Emerging Practices 48 IsDB Annual Evaluation Report 2020 Chapter 5: Recommendations Synthesis of Recommendations Ensuring Continuous Supervision and Promoting M&E Improving IsDB’s Responsiveness and Communication with Stakeholders Focusing on Sector Strategy Improving the Capacity and Enabling Environment in MCs Ensuring Implementation Readiness Follow up on Previous Year Recommendations 56 58 59 60 Chapter-6: The Way Forward 64 Annex I: Snapshot of Project Evaluations Conducted in 2020 70 Annex II: OED 3-Year Rolling Program 91 Annex III: Eight Lessons for a Successful Delivery of IsDB’s COVID-19 Response 94 60 61 62 63 LIST OF FIGURES Figure 1: Ankara – Konya Passenger Number, Revenue (million) and Occupancy Rate (%) Figure 2: Jorf Lasfar Port Traffic (million tons) and Number of Vessels Figure 3: OCP Products Traffic through Jorf Lasfar Port Figure 4: Job Creation by Sector Figure 5: 3 in 1 project in Number Figure 6: Zarqa project in Number Figure 7: PEP project in Number 4 IsDB Annual Evaluation Report 2020 35 36 36 38 39 40 41 LIST OF ACRONYMS AND ABBREVIATIONS 5 AAOIFI Accounting and Auditing Organization for Islamic Financial Institutions AER Annual Evaluation Report AfDB African Development Bank APIF Awqaf Properties Investment Fund AsDB Asian Development Bank AWP Annual Work Program BED Board of Executive Directors CIBAFI General Council for Islamic Banks and Financial Institutions CPPO Chief Product and Partnership Officer DAC Development Assistance Committee EA Executing Agency EBRD European Bank for Reconstruction and Development ECG Evaluation Cooperation Group ECCAS Economic Community of Central African States ECOWAS Economic Community of West African States EDEPC East Delta Electricity Production Company EDN Executive Dissemination Notes ELO Enabling, Learning and Outreach ENEP Ecole Nationale des Enseignants du Primaire / National School for Primary Teachers EPC Engineering, Procurement, and Construction ERIL Economic Research and Institutional Learning EvalMENA The Middle East and North Africa Evaluation Network G Gregorian Year GDP Gross Domestic Product GPS Good Practice Standards GWh Gigawatt hour H Hijri Year ICD Islamic Corporation for the Development of the Private Sector ICIEC Islamic Corporation for the Insurance of Investment and Export Credit IFI International Financial Institution IIFM International Islamic Financial Market IsDB Islamic Development Bank IRTI Islamic Research and Training Institute ISFD Islamic Solidarity Fund for Development ITFC International Islamic Trade Finance Corporation IsDB Annual Evaluation Report 2020 6 Km Kilometer kV Kilovolt LOF Line of Financing MC Member Country M&E Monitoring and Evaluation MCPS Member Country Partnership Strategy MCPS IR Member Country Partnership Strategy Implementation Review MDB Multilateral Development Bank MFIs Microfinance Institutions MSC Microfinance Support Center MW Megawatt NEPCO National Electric Power Company NGO Non-Governmental Organization OCP Office Chérifien des Phosphates OCR Ordinary Capital Resources of IsDB ODEC Operations Development Effectiveness Committee OED Operations Evaluation Department OECD-DAC Organization of Economic Cooperation & Development – Development Assistance Committee P5P President’s Five-Year Program PCR Project Completion Report PEP Polio Eradication Program PMU Project Management Unit PPER Project Performance Evaluation Report PPP Public-Private Partnership PSD Private Sector Development RBLFs Results-Based Logical Frameworks RIEEP The Rural Income and Employment Enhancement Project SACCO Saving and Credit Cooperative SDGs Sustainable Development Goals SME Small and Medium Enterprise SPRP Strategic Preparedness and Response Program STEER Systematic Tracking of Execution of Evaluation Recommendations TA Technical Assistance UNDSS United Nations Department for Safety and Security UNICEF United Nations Children’s Fund UNOPS United Nations Office for Project Services USD US Dollar VOLIP Vocational Literacy Program for Poverty Reduction Project WHO World Health Organization WPV1 Wild Poliovirus Type-1 IsDB Annual Evaluation Report 2020 ACKNOWLEDGMENTS This Annual Evaluation Report 2020 of the Operations Evaluation Department (OED) was prepared by a team led by Oguz Ceylan and comprised of Ababacar Gaye, Amin Abdullahi, Abdourahamane Dit Baffa Keita, Adamou Sanda Mayaki, Javeed Ahsan, Ahmed Abdelgawad, and Zakaria Hanafi. ... As Chairman of the Operations and Development Effectiveness Committee (ODEC) of the Board of Executive Directors at the Islamic Development Bank, I am delighted to affirm our commitment to support the Operations Evaluation Department (OED) programmatic governance and the oversight that ensures effective and efficient management of this independent function.