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42 YEARS IN THE SERVICE OF DEVELOPMENT Tel: (+966-12) 6361400 Fax: (+966-12) 6366871 Email: idbarchives@isdb.org Website: www.isdb.org ISLAMIC DEVELOPMENT BANK Islamic Development Bank 8111 King Khaled Street Al-Nuzlah Yamania Unit 1, Jeddah-22332-2444 Kingdom of Saudi Arabia ISLAMIC DEVELOPMENT BANK 42 YEARS IN THE SERVICE OF DEVELOPMENT Islamic Development Bank Group 42 YEARS IN THE SERVICE OF DEVELOPMENT Rajab 1437H (May 2016) For enquiries about this booklet, please write to: Division Manager, Economic Research and Policy Department Islamic Development Bank 8111 King Khalid Street, Al Nuzla Al Yamaniyah District Unit No. 1, Jeddah- 22332-2444 Kingdom of Saudi Arabia Fax: +966-12-6467478 E-mail:erpd@isdb.org Information Brochure Rajab 1437H (April 2016) ISSN 1658-4449 ii 42 Years in the Service of Development IDB GROUP ENTITIES: SUMMARY Islamic Development Bank Group 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) Islamic Development Bank (IDB) IDB is an international financial institution established in 1395H (1975) in pursuance of the Declaration of Intent issued by the Conference of Finance Ministers of Muslim Countries held in Jeddah in 1393H (1973). The main objective of IDB is to foster economic development and social progress of member countries and Muslim communities in non-member countries in accordance with the principles of the Shari’ah (Islamic law).
ANNUAL EVALUATION REPORT PROVIDING EVIDENCE TO IMPROVE THE QUALITY OF IsDB GROUP’S OPERATIONS FOR OVER THREE DECADES INDEPENDENT EVALUATION DEPARTMENT (IEvD) 2023 April 2024 TABLE OF CONTENTS LIST OF ACRONYMS AND ABBREVIATIONS 4 ACKNOWLEDGMENTS FOREWORD BY ODEC CHAIR MESSAGE OF THE ACTING DIRECTOR, IEVD 6 8 10 EXECUTIVE SUMMARY 12 2023 EVALUATIONS AT GLANCE 18 IEvD: THREE DECADES OF ENHANCING DEVELOPMENT EFFECTIVENESS THROUGH FOSTERING ACCOUNTABILITY AND LEARNING 22 FEATURED TOPIC: EVALUATIONS OF IsDB PARTNERSHIPS AND OFF-BALANCE SHEET RESOURCE MOBILIZATION 34 LEARNINGS FROM 2023 EVALUATIONS 40 RECOMMENDATIONS FROM 2023 EVALUATIONS 46 FUTURE OUTLOOK 50 ANNEX-1: SNAPSHOT OF EVALUATED PROJECTS AND PROGRAMS 54 ANNEX-2: SNAPSHOT OF CORPORATE, COUNTRY AND THEMATIC EVALUATIONS 60 ANNEX-3: CAPACITY DEVELOPMENT, KNOWLEDGE SHARING AND LEARNING EVALUATIONS 62 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 Properties Investment Fund BADEA Arab Bank for Economic Development in Africa BED Board of Executive Directors CAE Country Assistance Evaluation CAIIP Community Agriculture Infrastructure Improvement Project 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 Notes ELO Evaluation Learning and Outreach EWA Electricity and Water Authority FEVR Final Evaluation Report FS Food Security GEF Global Environment Facility GOE Government of Egypt GOED Group Operations Evaluation Department GOI Government of Indonesia GPS Good Practice Standards ICT Information and Communications Technology IEvD Independent Evaluation Department IPDET International Program for Development Evaluation Training 4 IsDB Annual Evaluation Report 2023 LIST OF ACRONYMS AND ABBREVIATIONS IsDB Islamic Development Bank IQAF Integrated Quality Assurance Framework KS-Relief King Salman Humanitarian Aid and Relief Center KV Kilo Volt 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 Banks MENA Middle East and Northern Africa MoU Memorandum of Understanding OCR Ordinary Capital Resources ODEC Operations and Development Effectiveness Committee OECD Organization for Economic Cooperation and Development OED Operations Evaluation Department OEO Operations Evaluation Office PCR Project Completion Report PCR-VN Project Completion Report Validation Note PIASR Project Implementation Assessment and Support Report PMU Project Management Unit PPE Project & Program Evaluation PPER Post Project Evaluation Report SA Special Assistance SFD Saudi Fund for Development SME Small and Medium Enterprise STEER Systematic Tracking of the Execution of Evaluation Recommendations TA Technical Assistance UN United Nations VTC Vocational Training Center WB World Bank 5 ACKNOWLEDGMENTS 6 IsDB Annual Evaluation Report 2023 This Annual Evaluation Report 2023 of the Independent Evaluation Department (IEvD) is prepared by a core team, led by Abdourahamane Dit Baffa Keita, and composed of Ehtisham UL Hassan, Bashirullah Najimi, Nur Abdi, Md Golam Mortaza, and Reem Ahmed. The report was internally peer-reviewed by Elmoiz Ismail, Raikhan Sabirova and Oguz Ceylan.
MENA-18 REGIONAL AND ECONOMIC GROUPINGS ECA-8 Algeria Albania Bahrain Azerbaijan Egypt Kazakhstan Iran Kyrgyz Republic Iraq Tajikistan Jordan Turkey Kuwait Turkmenistan Lebanon Uzbekistan Libya Morocco Oman Palestine Qatar Saudi Arabia Syria Tunisia UAE Yemen Statistical Yearbook No.37 ALA-9 SSA-22 Afghanistan Bangladesh Brunei Indonesia Malaysia Maldives Pakistan Suriname Guyana Benin Burkina Faso Cameroon Chad Comoros Cote d'Ivoire Djibouti Gabon Gambia Guinea Guinea Bissa
2018 ANNUAL REPORT EMPOWERING PEOPLE FOR A SUSTAINABLE FUTURE 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. 9MNX WJUTWY NX YMJ ܪWXY TK Y\T [TQZRJX YMFY HTSXYNYZYJ YMJ &SSZFQ 7JUTWY TK YMJ .XQFRNH )J[JQTURJSY'FSP9MJXJHTSIWJUTWYHTSYFNSX YMJ FZINYJI ܪSFSHNFQ XYFYJRJSYX FSI NX UZGQNXMJINSFXJUFWFYJ[TQZRJFXYMJ+NSFSHNFQ 8YFYJRJSYX'TYM[TQZRJXFWJF[FNQFGQJTSQNSJFY www.isdb.org &QQ ܪLZWJX TS JSYNYNJX FWJ WJUTWYJI MJWJ FX SJY FUUWT[FQX\MNQJYMJNWWJXUJHYN[J&SSZFQ7JUTWYX FWJNSLWTXXFUUWT[FQX .883 OUR MISSION 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. We equip people to drive their own economic and social progress at scale, putting the NSKWFXYWZHYZWJNSUQFHJYTJSFGQJYMJRYTKZQܪQ their potential.
In its capacity as the Lives and Livelihoods Fund trustee, the Bank signs the financing agreement. 9 A GUIDE TO THE LIVES AND LIVELIHOODS FUND Target country regions of the Lives and Livelihoods Fund 10 Eligible countries* financed through the Lives and Livelihoods Fund Afghanistan Guinea Pakistan Bangladesh Guinea Bissau Palestine Benin Indonesia Senegal Burkina Faso Kyrgyz Republic Sierra Leone Cameroon Maldives Somalia Chad Mali Sudan Comoros Mauritania Tajikistan Côte d’Ivoire Morocco Togo Djibouti Mozambique Uganda Egypt Niger Uzbekistan The Gambia Nigeria Yemen * 95% of the Lives and Livelihoods Fund resources will target the 33 member countries mentioned above, with 28 countries eligible for 35% grant (shown above in purple) and the remaining eligble for 10% grant (shown in green).
ADDING VALUE BUILDING PARTNERSHIPS IsDB PILLARS OF ACTIVITY PROMOTING GLOBAL DEVELOPMENT FOCUS ON SCIENCE, TECHNOLOGY & INNOVATION FOSTERING COLLABORATION CONTACT US Islamic Development Bank 8111 King Khaled St Al Nuzlah Yamania Unit 1 Jeddah 22332-2444 Kingdom of Saudi Arabia (+966-12) 6361400 (+966-12) 6366871 idbarchives@isdb.org www.isdb.org DIGEST AN ESSENTIAL GUIDE TO THE 2019 ANNUAL REPORT CORPORATE PROFILE THE ISLAMIC DEVELOPMENT BANK ESTABLISHMENT 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. 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).
Annual Report 1436H (2015) TOGETHER WE BUILD A BETTER FUTURE PROVIDING RESOURCES FIGHTING POVERTY RESTORING DIGNITY CORPORATE PROFILE OF THE ISLAMIC DEVELOPMENT BANK ESTABLISHMENT ISLAMIC DEVELOPMENT BANK GROUP The Islamic Development Bank (IDB) is an international financial institution established pursuant to Articles of Agreement done at the city of Jeddah, Kingdom of Saudi Arabia, on 21st Rajab 1394H corresponding to 12 August 1974. The Inaugural Meeting of the Board of Governors took place in Rajab 1395H (July 1975) and the IDB formally began operations on 15 Shawwal 1395H (20 October 1975).
EMPOWERING PEOPLE FOR A SUSTAINABLE FUTURE DRIVING INNOVATION, PARTNERSHIPS, ISLAMIC FINANCE AND VALUE CHAINS Table of Contents ii Cumulative by Sector Approvals iii IsDB Group Approvals at a Glance 19 Guinea-Bissau 41 Qatar 20 Guyana 42 Saudi Arabia 21 Indonesia 43 Senegal v Member Countries' Fact Sheet 22 Iran 44 Sierra Leone 1 Afghanistan 23 Iraq 45 Somalia 2 Albania 24 Jordan 46 Sudan 3 Algeria 25 Kazakhstan 47 Suriname 4 Azerbaijan 26 Kuwait 48 Syria 5 Bahrain 27 Kyrgyz Republic 49 Tajikistan 6 Bangladesh 28 Lebanon 50 Togo 7 Benin 29 Libya 51 Tunisia 8 Brunei 30 Malaysia 52 Türkiye 9 Burkina Faso 31 Maldives 53 Turkmenistan 10 Cameroon 32 Mali 54 U.A.E. 11 Chad 33 Mauritania 55 Uganda 12 Comoros 34 Morocco 56 Uzbekistan 13 Côte d'Ivoire 35 Mozambique 57 Yemen 14 Djibouti 36 Niger 15 Egypt 37 Nigeria 16 Gabon 38 Oman 17 Gambia 39 Pakistan 18 Guinea 40 Palestine IsDB Group in Brief: 1975–2022 (Q2) 30/06/2022 IsDB Group in Brief: 1975–2022 (Q2) Cumulative Approvals by Sector 1 Agriculture 1,538 projects US$20.6 billion Education 1,936 projects US$5.4 billion Energy 1,427 projects US$68.2 billion Finance 1,549 projects US$13.6 billion Health 905 projects US$5.8 billion Industry & Mining 2,272 projects US$24.5 billion Information & Communications 125 projects US$1.0 billion Real Estate 60 projects US$3.0 billion Transport 541 projects US$13.6 billion Water, Sanitation & Urban Services 532 projects US$7.8 billion Others1 323 projects US$2.1 billion Others include Public Administration and Trade-related projects IsDB Group in Brief: 1975–2022 (Q2) 30/06/2022 IsDB Group in Brief: 1975–2022 (Q2) IsDB Group Approvals at a Glance 1975 – 2022 (Q2) • Total approvals from inception in 1975 to end of second quarter 2022 amounted to US$165.6 billion
Reform IDB 9 MURABAHA LINES OF FINANCING 9 PROFIT SHARING EQUITY PARTICIPATION 9 9 Facilitate integration of IDB Member Country economies among themselves & with the world Prosper the people Alleviate poverty 1981 Islamic Research and Training Institute (IRTI) Islamic Development Bank (IDB) Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) 1994 Islamic Corporation for the Development of the Private Sector (ICD) 1999 FROM A SINGLE ENTITY TO IDB GROUP COMPRISING OF 5 ENTITIES: Expand the Islamic financial industry Empower the Sisters of Islam without breaching the tenets of Islam KEY STRATEGIC THRUSTS THAT ANCHOR OUR 1440H VISION 1975 9 9 ISTISNA’A INSTALLMENT SALE 9 International Islamic Trade Finance Corporation (ITFC) 2008 Improve the image of the Muslim world Universalise education Promote health Our Vision is to become a world-class development bank and to transform the landscape of comprehensive human development in the Muslim world and restore its dignity by the year 1440 Hijrah (2020G). 9 LEASING TECHNICAL ASSISTANCE 9 LOAN 9 Our modes of financing are Shariah-compliant: We foster economic development and social progress of our member countries and Muslim communities in non-member countries based on the principles of Shari’ah. WHO WE ARE GATEWAY OFFICES FIELD REPRESENTATIVES REGIONAL OFFICES 1,134 MENA 41.5% ASIA 34.0% 1434H (2013) Group Approvals by Region $10.6b 1434H GROUP NET APPROVALS SSA 14.1% ICD: 4% Others: 9% CIS 10.3% IDB-OCR: 40% ITFC: 47% SAUDI ARABIA LIBYA IRAN NIGERIA U.A.E 23.6% 9.5% 7.1% 7.2% 7.5% 7.7% 8.3% EGYPT QATAR 6.5% 5.5% TURKEY KUWAIT Credit Rating 0.0 1.0 2.0 INFRASTRUCTURE 73.1% AGRICULTURE : 16% EDUCATION: 8.5% OTHERS: 2.4% Sectoral Distribution of OCR Approvals (4134H) Bangladesh Turkey Egypt Morocco Indonesia TOP 5 BENFICIARIES OF GROUP FINANCING (1434H)($ BILLION) Total Group net approvals (1395H-1434H) excluding ICIEC’s $14 billion insurance commitments.
Hamad Bin Suleiman Al Bazai (Saudi Arabia) ii IDB ANNUAL REPORT 1432H Board of Executive Directors Mohamed Jawad Bin Hassan Suleman (Bahrain, Oman, Sudan, Yemen) António Fernando Laice (Chad, Comoros, Djibouti, Gabon, Mozambique, Somalia, Uganda) Mohamed Ahmed Abu Awad (Iraq, Jordan, Lebanon, Palestine, Syria) Diomande Kanvaly (Benin, Cameroon, Côte d’Ivoire, Guinea, Guinea-Bissau, Sierra Leone) Sékou Ba (Burkina-Faso Gambia, Mali, Niger, Senegal, Togo) Yerlan Alimzhanuly Baidaulet (Albania, Azerbaijan, Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan, Uzbekistan) Vice-Presidents Dr.