Dr Bandar Hajjar emphasised the role that Islamic Finance can play in bridging the $2.5 trillion funding gap to meet the Sustainable Development Goals. ... He noted that principles of Islamic finance are centering around asset-based, risk sharing, discouraging speculation and emphasizing social welfare, environment and governance, and that all these features give this model its true universality.

Evaluated projects with major changes in scope in 2017 C.Evaluated projects with implementation delays in 2017 D.Cost variations in evaluated projects in 2017 E.Criteria based rating for evaluations in 2017 F.Recommendations from 2017 evaluations i Annual Evaluation Report (Inside).pdf 4 10/21/18 7:50 PM TABLE OF CONTENTS LIST OF TABLES LIST OF FIGURES ii 7 Table 1: Other Evaluations Undertaken during 2017G 8 Table 2: Average Success Rating per Sector 6 Figure 1: Number of OCR Project Evaluations during 1432H-1438H/2017G 6 Figure 2: Regional Coverage of Project Evaluations in 2017G 6 Figure 3: Distribution of Projects Evaluated by Mode of Finance 6 Figure 4: Sector Distribution of Project Evaluations in 2017G 7 Figure 5: Overall Performance Ratings of Randomly Selected Evaluated OCR Projects in 2017 7 Figure 6: Success Rate of Evaluated Projects across Regions 7 Figure 7: Sector Performance Ratings of Evaluated OCR Projects in 2017G 8 Figure 8: Distribution of 2017G “Relevance” Assessment 9 Figure 9: Distribution of “Effectiveness” Assessment in 2017G 9 Figure 10: Implementation Delays of Evaluated Projects in 2017G 10 Figure 11: Cost Variation in Evaluated Projects in 2017G 10 Figure 12: Distribution of “Efficiency” Assessment in 2017G 10 Figure 13: Distribution of “Sustainability” Assessment for Evaluated OCR Projects during 2017G 11 Figure 14: Comparison of Distribution of the Ratings of PCRs and PCR-Ens 11 Figure 15: IDBG Finance for Tunisia from Inception - US$ Millions (1977-2016) 12 Figure 16: IDBG Pillar-Based Approvals Vs Disbursement (2013 - 2016) 15 Figure 17: IDBG Yearly Approval Trend for Niger (1977-2015) in US$ million 19 Figure 18: IDBG Approvals under the MCPS Kazakhstan and PFA (2011-2017) 23 Figure 19: Number of Loans Received by Economic Activity Annual Evaluation Report (Inside).pdf 5 10/21/18 7:50 PM ACKNOWLEDGEMENTS This report was prepared by a team led by Mohammed Jalaludeen Issahaq and comprised of Javeed Ahsan, Adamou Sanda Mayaki, Amin Yusuf Abdullahi, Mustapha Jammeh, Ahmed Warfa, and Nabeel Kasmani. ... iii Annual Evaluation Report (Inside).pdf 6 10/21/18 7:50 PM ACRONYMS AND ABBREVIATIONS AADT AER AfDB APIF ARD AsDB / ADB BCC BED BSTDB CAE CCD CDD CFA CGO COP21 CPD DAC DED DoA DWT EA EBRD ECG EIB EIRR FER FIRR FPDC G GCC GDP GGC GOE GPEDC GPS GWh H iv Annual Average Daily Traffic Annual Evaluation Report African Development Bank Awqaf Properties Investment Fund Agriculture and Rural Development Asian Development Bank Berber Cement Company Board of Executive Directors Black Sea Trade and Development Bank Country Assistance Evaluation Co-operation & Capacity Development Capacity Development Department West African CFA Franc Country Gateway Office The Annual Conference of Parties Country Programs Department Development Assistance Committee Detailed Engineering Design Delegation of Authority Dead Weight Tons Executing Agency European Bank for Reconstruction and Development Evaluation Cooperation Group European Investment Bank Economic Internal Rate of Return Road Maintenance Fund Financial Internal Rate of Return Financial Product Development Centre Gregorian Year Gulf Cooperation Council Gross Domestic Product Gambia Groundnut Corporation Group Operations Evaluation Global Partnership for Effective Development Cooperation Good Practice Standards Gigawatt hour Hijra Year Annual Evaluation Report (Inside).pdf 7 10/21/18 7:50 PM ACRONYMS AND ABBREVIATIONS HDE IaDB ICD ICIEC ICT ID IsDB IsDBG IFAD IFE IMF INF IPP IRTI ISFD ITAP ITFC km kV KWh LFG LOF M&E MC MCPS MCPS IR MDB MENA MoU MTBP MW NCB NGO NMC Human Development Inter-American Development Bank Islamic Corporation for the Development of the Private Sector Islamic Corporation for the Insurance of Investment and Export Credit Information and Communications Technology Islamic Dinar Islamic Development Bank Islamic Development Bank Group International Fund for Agricultural Development Islamic Financial Engineering International Monetary Fund Infrastructure Department Independent Power Plant Islamic Research and Training Institute Islamic Solidarity Fund for Development Investment Promotion Technical Assistance Programme International Islamic Trade Finance Corporation kilo meter kilo Volt Kilowatt-hour Landfill Gas Line of Financing Monitoring and Evaluation Member Country Member Country Partnership Strategy Member Country Partnership Strategy Implementation Review Multilateral Development Bank Middle East and North Africa Memorandum of Understanding Medium Term Business Plan Megawatt National Competitive Bidding Non-Governmental Organization Non-Member Country v Annual Evaluation Report (Inside).pdf 8 10/21/18 7:50 PM ACRONYMS AND ABBREVIATIONS O&M OC OCR OECD-DAC OED OIC ONEE OPSD PCR PIASR PIU PL PMU PPER PPP QaE SABIC SDG SME SPO TA TAP TIFERT UM5 UN UNEG US$ VOC WB WBG WP vi Operation and Maintenance Operations Complex Ordinary Capital Resources of IDB Organization of Economic Cooperation & Development – Development Assistance Committee Operations Evaluation Department Organization of Islamic Cooperation Moroccan Electricity and Water Utility Company Operations Policy and Services Department Project Completion Report Project Implementation Assessment and Support Report Project Implementation Unit Project Level Project Management Unit Project Performance Evaluation Report Public-Private Partnership Quality at Entry Saudi Arabia Basic Industries Corporation Sustainable Development Goals Small and Medium Enterprise Special Assistance Operation Technical Assistance Technical Assistance Program Tunisian Indian Fertilizers University Mohammed V United Nations United Nations Evaluation Group US Dollars Vehicle Operating Cost The World Bank The World Bank Group Work Program Annual Evaluation Report (Inside).pdf 9 10/21/18 7:50 PM ANNUAL EVALUATION REPORT FOR 2017G EXECUTIVE SUMMARY The vast majority of the projects evaluated were found to be relevant to member countries’ strategic priorities, with 95 percent of projects rated as Highly Relevant or Relevant (compared to 96% in 2016G).