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ITFC AR-22-P1 copy.pdf 2 5/8/23 12:20 AM C M Y CM MY CY CMY K annual 20 report 22 ITFC AR-22-P1 copy.pdf 3 5/8/23 12:20 AM C M Y CM MY CY CMY K ITFC remains steadfast in delivering on its core mandate of supporting trade and trade development in Member Countries ITFC AR-22-P1 copy.pdf 4 5/8/23 12:20 AM TABLE OF CONTENT 01 02 C M Y CM MY 03 INTRODUCTION 01 UNLOCKING INTERNATIONAL TRADE FLOW AND CREATING MARKET IMPACT 17 SECURING SUSTAINABLE FUTURE 27 CY CMY K 04 ADVANCING DEVELOPMENT TO ADDRESS CHALLENGES IN Member Countries 05 STRENGTHENING PARTNERSHIPS & SYNERGY 06 FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR’S REPORT 07 APPENDICES 33 51 56 94 ITFC AR-22-P1 copy.pdf 5 5/8/23 12:20 AM 15 years of advancing trade, and improving lives. introduction.
REALIZING OPPORTUNITIES FOR THE 21ST CENTURY THROUGH RESILIENT GLOBAL VALUE CHAINS TEXTILES & APPAREL THE FUTURE Volume 5 Fiber thread on a spinning text loom incaption textile dummy production lorem ipsum It abor magnamus IsDB member countries play a vital roleminulles in eaquae optaand dolo expel ium dic to blab the global textiles apparel industry iminvendandi to voles unt, te doluptation REALIZING OPPORTUNITIES OF THE 21ST CENTURY THROUGH RESILIENT GLOBAL VALUE CHAINS By 2030, the textiles and apparel industry must be able to dress 8,6 billion people all over the globe, which require substantial production increases. IsDB member countries need to take action now to create additional resources, increase their productivity and transform their business models in order to support stable growth and innovation.
DEVELOPMENT EFFECTIVENESS REPORT Sustainable Trade Horizons Member of Islamic Development Bank Group P.O. Box 55335, Jeddah 21534, Kingdom of Saudi Arabia.
Tamerlan Taghiyev Azerbaijan, Albania, Uzbekistan, Turkmenistan, Tajikistan, Kazakhstan 9 ICIEC | 2023 ANNUAL REPORT Message from CEO of ICIEC We celebrate this year. ... Additional agreements were signed with the Libyan Export Promotion Centre (LEPC) and UZSAMA in Uzbekistan, enhancing trade and investment facilitation.
Implementation of Follow-up Actions and Recommendations 51 ANNEX A: Main Indicators for Projects Evaluated in 1435H 53 ANNEX B: Evaluated OCR Projects with Implementation Delays in 1435H 54 ANNEX C: Cost Variations in OCR Projects Evaluated in 1435H 56 ANNEX D: Criteria-Based Rating for Evaluations in 1435H 58 ANNEX E: Follow-up Actions and Recommendations from 1435H Evaluations 59 I Book final 2.indd 4 10/21/15 2:14 PM LIST OF TABLES Table II 1: Projects Evaluated by Sector during 1435H 11 Table II 2: Sector-wise Performance Ratings of Evaluated OCR Projects in 1435H 12 Table II 3: Re-estimation of EIRR for Evaluated OCR Projects in 1435H 16 LIST OF FIGURES Figure II 1: Number of Project Evaluations during 1431H-1435H 11 Figure II 2: Evaluated OCR Projects by Success Rate in 1435H 12 Figure II 3: Trends in OCR Project Success Rate 13 Figure II 4: Distribution of Relevance Assessment in 1435H 13 Figure II 5: Distribution of Effectiveness Assessment in 1435H 14 Figure II 6: Implementation Delays of Evaluated Projects in 1435H 15 Figure II 7: Distribution of Efficiency Assessment in 1435H 15 Figure II 8: Distribution of Sustainability Assessment for Evaluated OCR Projects in 1435H 16 LIST OF BOXES Box I II 1 Diversification and Employment in KSA 27 Box I II 2 Mixed Achievement of Results of Tunisia Ben-Ghayadah Development Project 28 Box I V 1 Implications of Inaccurate Demand Estimation 36 Box I V 2 Poor Feasibility Study Resulted in Project Implementation Delay and Cost Over Run 37 Box I V 3 Non-Implementation of Phase-B Hampered Effectiveness of Phase-A of Project 38 Box I V 4 Needs Assessment through Stakeholder Consultation is Key to Appropriate Design 41 Box I V 5 Establishment an Effective PMU and Maintaining it for Future Projects 41 Box I V 6 Importance of Supplementing Hard Components through Partners and Stakeholders 43 Box I V 7 A Strategic Project with Sustainability Concerns 44 Box I V 8 Importance of Training the Beneficiary’s Staff in Maintenance of the System of the Machinery and Equipment - Uzbekistan 46 Box I V 9 Subsidized Terms not Necessarily Serving Effective Operations and Reducing Sustainability of Microfinance Schemes 47 Box I V 10 Opportunities for Reverse Linkages in Member Countries 48 Box I V 11 Other Opportunities in Member Countries for Programming 49 II Book final 2.indd 5 10/21/15 2:14 PM Acknowledgements This report is based on inputs and data from all GOE Department staff.
20 ANNUAL 23 REPORT CHERISHING OUR PAST CHARTING OUR FUTURE ORIGINALITY, SOLIDARITY AND PROSPERITY 20 ANNUAL 23 REPORT The Islamic Development Bank (IsDB) is a Multilateral Development Bank established pursuant to Articles of Agreement signed in the city of Jeddah, Kingdom of Saudi Arabia, on 21 Rajab 1394H, corresponding to 12 August 1974. OUR DEVELOPMENT FINANCING REACHES PEOPLE ACROSS FOUR CONTINENTS, IMPACTING THE LIVES OF 1OF THEINWORLD’S 5 POPULATION. 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 CHERISHING OUR PAST The Inaugural Meeting of the Board of Governors took place in Rajab 1395H (July 1975), and the IsDB formally began operations on 15 Shawwal 1395H (20 October 1975).
Islamic Solidarity Fund for Development (ISFD) 14th ANNUAL REPORT 1442-1443H (2021) 2 ISFD Annual Report 2021 TABLE OF CONTENTS LIST OF ABBREVIATIONS...................................................................... 2 LIST OF TABLES AND FIGURES............................................................ 3 LETTER OF TRANSMITTAL.................................................................... 4 MEMBERS OF THE ISFD BOARD OF DIRECTORS................................. 5 THE ISLAMIC SOLIDARITY FUND FOR DEVELOPMENT IN BRIEF......... 6 CHAIRMAN’S MESSAGE........................................................................ 7 EXECUTIVE SUMMARY......................................................................... 8 PART 01: POST-COVID RECOVERY AND ITS CHALLENGES................ 14 Socio-Economic Impact of the Covid-19 Pandemic.................................................. 14 Important but Uneven Recovery in 2021.....................................................................15 PART 02: POVERTY IN OIC MEMBER COUNTRIES.............................. 18 Income Poverty in OIC Member Countries..................................................................18 Multidimensional Poverty in OIC Member Countries................................................ 20 Food Security in OIC Member Countries.....................................................................20 PART 03: THE ROLE OF THE ISFD IN POVERTY REDUCTION IN MEMBER COUNTRIES................................ 24 3.1: ISFD Operations Since Inception...........................................................................24 3.2: ISFD Operations in 2021..........................................................................................26 3.3: Implementation of the 2030 Strategy...................................................................31 PART 04: CORPORATE GOVERNANCE................................................ 36 Activities of the Board of Governors ............................................................................36 Activities of the Board of Executive Directors ............................................................ 36 PART 05: FINANCIAL OVERVIEW........................................................ 42 Annex I: ISFD Grants and Loans Approved oin 2021................................................. 47 Annex II: Summary Description of Projects & Programmes Approved in 2021... 48 Annex III: Statement of Contributions to ISFD Capital.............................................. 52 Annex IV: Financial Statement and Independent Auditors Report......................... 54 List of Abbreviatiations 2 APIF Awqaf Properties Investment Fund AWP Annual Work Programme BOD Board of Directors of the ISFD BOG Board of Governors BTVET Business, Technical and Vocational Education and Training COMCEC Standing Committee for Economic and Commercial Cooperation of the Organisation of Islamic Cooperation CSO Civil Society Organisation EEP Economic Empowerment Programme GDP Gross Domestic Product GHI Global Hunger Index GNI Gross National Index HDI Human Development Index ICD Islamic Corporation for the Development of the Private Sector ICERI ICIEC-ISFD COVID-19 Emergency Response Initiative ICIEC Islamic Corporation for the Insurance of Investment and Export Credit IDP Internally displaced persons IsDB Islamic Development Bank ISFD Islamic Solidarity Fund for Development ITFC International Islamic Trade Finance Corporation IWIF Ihsan Waqf Investment Fund KAAP King Abdullah Programme for Charity Works LDMCs Least Developed Member Countries LLF Lives and Livelihoods Fund MC Member countries MC Member country MPI Multidimensional poverty index MSME Micro, Small, and Medium Enterprises NGO Non-Governmental Organisation OIC Organisation of Islamic Cooperation P5P President’s Five-Year Programme PwC PricewaterhouseCoopers QnP Quality and Prioritisation SDGs Sustainable Development Goals SERVE Strengthening the Economic Resilience of Vulnerable Enterprises SME Small and Medium Enterprises SPRP Strategic Preparedness and Response Programme STI Science, Technology, and Innovation TVET Technical and Vocational Education and Training UN United Nations UNDP United Nations Development Programme WBG Waqf BID-Guinea (IsDB-Guinea Waqf) ISFD Annual Report 2021 List of Tables and Figures List of Tables Table 2.1 Income Groups of OIC Member Countries......................................................... 18 Table 2.2 Proportion of the Extreme Poor in the OIC Regions......................................... 19 Table 3.1 Summary of the Impact of the ISFD Support to Member Countries............ 25 Table 3.2 ISFD Grants and Loans Approved in 2021......................................................... 29 Table 3.3 Progress on the Implementation of the 10 Initiatives...................................... 32 Table 3.4 Capital Contributions in 2021............................................................................... 33 Table 3.5 Pipelines of IWIFs...................................................................................................34 Table 5.1 ISFD Assets..............................................................................................................43 Table 5.2 Total and Net Income.............................................................................................44 Table 5.3 Gross Income from Treasury Assets.................................................................. 44 List of Figures Figure 1.1 Economic Decline in the OIC Group in 2020...................................................... 14 Figure 1.2 Growth Projections in the OIC Group 2021........................................................ 15 Figure 2.1 Number of People living in Extreme Poverty in OIC Member Countries...... 19 Figure 2.2 2018 Hunger Index of the OIC Low Income Member Countries.................... 20 Figure 3.1 ISFD Approvals 2009-2021................................................................................... 24 Figure 3.2 ISFD Operations by Sector 2009-2021................................................................ 26 Figure 3.3 Sustainable Development Goals.......................................................................... 26 Figure 3.4 ISFD Loans and Grants in 2021............................................................................ 26 Figure 3.5 ISFD Approvals by Sector in 2021....................................................................... 27 Figure 3.6 ISFD Approvals by Region in 2021....................................................................... 28 Figure 3.7 ISFD Approvals by Country in 2021..................................................................... 28 Figure 3.8 Approvals by Programmes and Projects 2021................................................. 30 Figure 3.9 Capital Resource Mobilized from Member Countries 2016-2021................. 33 Figure 5.1 Sources of Treasury Income by %....................................................................... 44 Figure 5.2 Disbursement Rate of ISFD Financed Projects 2010-2021............................ 46 ISFD Annual Report 2021 3 Letter of Transmittal In the name of Allah, the Beneficent, the Merciful H.E. the Chairwoman, ISFD Board of Governors, Dear Madam Chairwoman, Assalamu Alaikum Warahmatullah Wabarakatuh. In accordance with the Regulations of the Islamic Solidarity Fund for Development, and in my capacity as Chairman of the Board of Directors, I have the honour to submit for the kind attention of the esteemed Board of Governors the Annual Report of the Islamic Solidary Fund for Development for 1442-1443 (2021).
GROUP OPERATIONS EVALUATION DEPARTMENT ANNUAL EVALUATION REPORT FOR THE YEAR 1436 H Islamic Development Bank Group GROUP OPERATIONS EVALUATION DEPARTMENT CONTENTS ACKNOWLEDGEMENTS.........................................................................................................................................................................................................................II ACRONYMS AND ABBREVIATIONS.............................................................................................................................................................................................. ....III EXECUTIVE SUMMARY...........................................................................................................................................................................................................................1 CHAPTER - I : INTRODUCTION 6 A. Background and Objectives...........................................................................................................................................................................................................7 B.
2019 ANNUAL REPORT SHAPING NEW FRONTIERS FOR SUSTAINABLE DEVELOPMENT WHO WE ARE The Islamic Development Bank is a Multilateral Development Bank (MDB), working to improve the lives of those we serve by promoting social and economic development in member countries and Muslim communities worldwide, delivering impact at scale. WE BELIEVE ALL PEOPLE HAVE THE RIGHT TO LIVE IN DIGNITY AND PROSPERITY, AND THAT NURTURING ECONOMIC GROWTH IS THE BEST ROUTE OUT OF POVERTY.
2021 ANNUAL REPORT ABOUT US The Islamic Development Bank Institute (IsDBI) is the knowledge beacon of the Islamic Development Bank Group. Guided by the principles of Islamic economics and finance, the Institute is mandated to lead the development of innovative knowledge-based solutions to support the sustainable economic advancement of the 57 IsDB Member Countries and various Muslim communities worldwide.