ACCOUNTING UNIT The accounting unit of the IsDB is the Islamic Dinar (ID), which is equivalent to one Special Drawing Right (SDR) of the International Monetary Fund. ... ISLAMIC DEVELOPMENT BANK ANNUAL REPORT 2022 PARTNERSHIPS TO FEND OFF CRISES CONTENTS 1 2 ABBREVIATIONS ACKNOWLEDGEMENTS LETTER OF TRANSMITTAL MESSAGE FROM THE PRESIDENT BOARD OF EXECUTIVE DIRECTORS EXECUTIVE SUMMARY: A YEAR-IN-REVIEW 2022 AT GLANCE 02 03 04 05 06 08 11 CHAPTER 1: IsDB GROUP ACTIVITIES 18 1.1 Recent Economic Performance 19 1.2 Operational Highlights 20 1.3 Key Initiatives 1.3.1 Strategy 2025 1.3.2 Combating Food Insecurity 23 23 25 1.4 IsDB Group Accomplishments 1.4.1 Key Development Operations 1.4.2 Reinforcing Private Sector Development 1.4.3 Supporting Trade Finance 1.4.4Providing Insurance for Credit and Country Risks 1.4.5Thought leadership in Islamic Economics and Finance 1.4.6Partnering for Poverty Reduction 1.4.7Leveraging Awqaf for Development 1.4.8Sharing Best Practices in Development 1.4.9Harnessing the Power of Science, Technology, and Innovation for Development 27 27 28 28 28 28 29 31 32 33 CHAPTER 2: RESPONDING TO CRISES 36 2.1Strategic Preparedness and Response Program 37 2.2Food Security Response Program 38 CHAPTER 3: NURTURING INCLUSIVE AND RESILIENT GROWTH AND DEVELOPMENT 40 3.1Contributing to Inclusive Development 3.1.1Human Development 3.1.2Infrastructure Development 3.1.3 Regional Integration 41 41 43 44 3.2Alleviating Fragility and Enhancing Resilience 3.2.1Fragility and Resilience 3.2.2Economic Empowerment 45 45 45 3.3Partnering for Sustainable Development 3.3.1 Mobilizing Resources 3.3.2 Sustainable Finance Framework 46 46 46 3.4 3.4.1 3.4.2 3.4.3 3.4.4 3.4.5 3.4.6 47 47 49 50 52 54 55 Special Development Activities Women and Youth Empowerment Climate Change NGOs and Civil Society Engagement Communities Outreach Program Scholarship Program Adahi 3 4 CHAPTER 4: REINFORCING INSTITUTIONAL EFFECTIVENESS 56 4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8 4.9 4.10 4.11 4.12 4.13 4.14 57 58 59 59 60 60 61 61 62 62 63 63 64 64 Board of Governors Board of Executive Directors Shari’ah Governance Risk Management Audit Activities Compliance Corporate Governance Credit Rating Shareholder Support Member Country Partnership Strategy Operations Evaluation Development Effectiveness IT Business Enablement Human Resources Management 4.15 Other Administrative Activities 4.15.1 Safety and Security 4.15.2 Facility Management Services 4.15.3 Staff Health Services 65 65 65 65 ANNEXES ANNEXES 1- 6: Financials ANNEXES 7- 10: Financing ANNEX 11: Organizational Structure ANNEX 12: Where we Operate 66 68 96 103 104 ISLAMIC DEVELOPMENT BANK ANNUAL REPORT 2022 PARTNERSHIPS TO FEND OFF CRISES ABBREVIATIONS ACG ADER AfTIAS AHTF ALCO APICORP APIF ASD BCM BED BMGF BoG CGS CMES COD COP CSED CSO CWIS DAC EA EEA EGPC ESG ESID FAO FDI FMSDC FRP GABAC GAP GBV GCI GDP GIABA GIFR GoB GPFI HDD IAD ICD ICERI ICIEC ICMA ICT ID IDPs IevD IFRC IICO ILO IMDT IMF IsDB IsDBI IsDB-OCR ISFD ITFC IVAC KRI KSRelief LDMCs LIBOR 02 Arab Coordination Group Annual Development Effectiveness Report Aid for Trade Initiative for the Arab States Afghanistan Humanitarian Trust Fund Asset and Liability Management Committee Arab Petroleum Investment Corporation Awqaf Properties Investment Fund Administrative Services Department The Business Continuity Management The IsDB Board of Executive Directors Bill and Melinda Gates Foundation The IsDB Board of Governors The Corporate Governance Section Centre for Mass Education & Science The Community Outreach Division The Communities Outreach Programme Country Strategy & Engagement Division Civil Society Organisation Citywide Inclusive Sanitation Development Assistance Committee The Enterprise Architecture Economic Empowerment Approach Egyptian General Petroleum Corporation Environment, Social and Governance Economic and Social Infrastructure Department Food and Agriculture Organization Foreign Direct Investment Facility Management & Service Delivery Center Fragility and Resilience Policy Group against Money Laundering in Central Africa Good Agricultural Practices Gender-based Violence General Capital Increase Gross Domestic Product Inter-Governmental Action Group against Money Laundering in West Africa Global Islamic Fund for Refugees The Government of Bahrain Global Partnership for Financial Inclusion Human Development Division Internal Audit Department The Islamic Corporation for the Development of the private sector ICIEC-ISFD COVID Emergency Response Initiative The Islamic Corporation for the Insurance of Investments and Export Credit The International Capital Market Association Information, communications and Technology Islamic Dinar (equivalent to one Special Drawing Right of IMF) Internally Displaced Persons Independent Evaluation Department International Institute of Tropical Agriculture International Islamic Charity Organization International Labour Organization Information Management and Disruptive Technologies International Monetary Fund The Islamic Development Bank The Islamic Development Bank Institute IsDB - Ordinary Capital Resources Islamic Solidarity Fund for Development The International Trade and Finance Corporation IsDBG Vaccine Access Facility Key Risk Indicators King Salman Humanitarian and Relief Center IsDB’s Least Developed Member Countries London Interbank Offered Rate LLF LNGOs MAPs MARKETS MCPS MCs MDBs MENA MHPP MOOCs MPA MSMEs NGOs NMCs NRM ODEC OED OIC OMS OPHI OTLs PPA PPP RBMF RCSA RH RMC RMSF RTO SBCP SCI SCOPI SDGs SERVE SFA SFD SFF SMEs SNB SPRP SPV SSA STEER STEP TA TCP TFM TRINE TRSS TVET TWS UNDP UNESCO UNFCCC UNHCR VCCs WASH We-Fi WHO WISE WSMEs WYE The Lives and Livelihoods Fund Local NGOs Management Action Plans Market Access Readiness in Key Economic and Trade Sectors Member Country Partnership Strategy IsDB Member Countries Multi-lateral Development Banks Middle East and North Africa Mohmand Hydropower Project Massive Open Online Courses Minimum Package Activities Micro, Small and Medium Enterprises Non-Governmental Organizations Non-Member Countries Natural Resource Management Operations and Development Effectiveness Committee IsDB Operations Evaluation Department The Organization of the Islamic Cooperation.