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Ahmad Mohamed Ali, President, IDB, who chaired the Session, stated that the board has reviewed a progress report on the steps of establishing the Poverty Alleviation Fund, which was adopted by the third Extraordinary Islamic Summit which took place in Makkah last December. ... -ITFO for Saudi Arabia in favour of United Sugar Company for an amount of US$ 60 million to purchase Raw Materials.
This mission is crucial to the peace and stability of Nations and is achievable if we focus our collaborative efforts on job training, entrepreneurship and breaking down the legal and cultural barriers that restrict women from achieving their full economic potential,” said Ivanka Trump, Advisor to the President, United States of America. ... “ECOWAS welcomes the We-Fi initiative and member states fully support it,” said ECOWAS Commission chairman, Jean-Claude Brou.
.- Unit No. 1 Jeddah - 223322444 Kingdom of Saudi Arabia Telephone: (+96612) 6361400 Fax: (+96612) 6366871 Email: IsDBarchives@IsDB.org PRESIDENT PERSPECTIVE Welcoming remarks by the IsDB President HE Dr.
ANNUAL REPORT 1432H (2011) ISLAMIC DEVELOPMENT BANK Islamic Development Bank P. O.
Protected IsDB DISBURSEMENT HANDBOOK 2025 IsDB DISBURSEMENT HANDBOOK 2025 Table of Contents ABBREVIATIONS iii FOREWORD v INTRODUCTION 2 1.1 1.2 1.3 1.4 1.5 1.6 2 2 3 4 5 5 Purpose Applicability Key Project Dates Electronic Access Outreach Inquiries THE IsDB GROUP 8 2.1 2.2 2.3 8 9 9 Overview Decentralization Islamic Modes of Finance DISBURSEMENT POLICIES 12 3.1 3.2 3.3 3.4 3.5 3.6 3.7 12 12 14 14 14 14 15 Basic Principles General Conditions Financing Agreement Effectiveness Cost Eligibility Advance Contracting and Retroactive Financing Procurement of Goods, Works and Services DISBURSEMENT MODALITIES 18 4.1 4.2 4.3 4.4 4.5 18 18 19 20 24 Modes of Disbursement Direct Payment Reimbursement Reimbursement Guarantee / Special Commitment Special Accounts DISBURSEMENT PROCEDURES 30 5.1 5.2 5.3 5.4 5.5 5.6 5.7 5.8 5.9 5.10 5.11 5.12 5.13 5.14 30 30 33 34 34 34 35 35 36 36 36 37 38 39 Disbursement Letter Withdrawal of Funds Eligible and Ineligible Expenses Components and Expenditure Categories Reallocation of Proceeds Contract Management Disbursement Currency & Exchange Rate Minimum Disbursement Amount Bank References Refunds Cancellation of Undisbursed Balances Project Closure Steps to Avoid Disbursement Delays Disbursement for Special Situations PROJECT FINANCIAL MANAGEMENT 44 6.1 6.2 6.3 6.4 6.5 6.6 6.7 Background and Introduction Financial Management Capacity Capacity Assessment Project Preparation Project Implementation Audit Reports Project Documents 44 45 45 46 46 47 49 GLOSSARY OF ESSENTIAL TERMS 52 ANNEXES 59 Annex 4.1: Withdrawal Application Form Annex 4.1-A: Summary Statement / Statement of Expenditures Forms Annex 4.1-B: Expenditure Forecast (SoFE) Form Annex 4.2: Direct Payment Checklist Annex 4.3: Reimbursement Checklist 60 64 66 68 69 Page i IsDB DISBURSEMENT HANDBOOK 2025 Annex 4.4-A: Reimbursement Guarantee Commitment Application Annex 4.4-B: Reimbursement Guarantee – Swift-based Sample Annex 4.4-C: Amendment Request for Reimbursement Guarantee Underlying Letter of Credit Annex 4.5: Special Account Checklist and Forms Annex 4.5-A: Special Account – Reconciliation Statement Form Page ii 70 72 73 74 75 ABBREVIATIONS ABBREVIATIONS BED Board of Executive Directors BIC Bank Identification Code CTA Common Terms Agreement D&D Dues and Disbursement DCA Disbursement Capacity Assessment DL Disbursement Letter EA Executing Agency EDP Electronic Disbursement Platform FA Financing Agreement FAA Financial Accountability Assessment FAR Final Audit Report FCD Financial Control Department FM Financing Management FMA Financial Management Assessment FMS Financial Management Strategy IA Implementing Agency IBAN International Bank Account Number ICD Islamic Corporation for Development of the Private Sector ICIEC Islamic Corporation for Insurance of Investments and Export Credits ICR Irrevocable Commitment to Reimburse INFOHUB Project Information Hub IsDB Islamic Development Bank ISFD Islamic Solidarity Fund for Development IRTI Islamic Research and Training Institute ITFC International Islamic Trade Finance Corporation LC Letter of Credit LoF Line(s) of Finance MC Member Country MCPS Member Country Partnership Strategy MoF Mode(s) of Finance NDFI National Development Financing Institution NOC Non-Objection Confirmation OCR Ordinary Capital Resources OIC Organization of Islamic Conferences Page iii IsDB DISBURSEMENT HANDBOOK 2025 PCG Principles of Corporate Governance (IsDB Group) PFM Project Financial Management PIM Project Implementation Manual PIU Project Implementation Unit PMU Project Management Unit PPP Public Private Partnership RBA Risk-based Approach RCA Reimbursement Commitment Application RGC Reimbursement Guarantee Commitment RMA Relationship Management Application RR’ Report and Recommendation of the President SA Special Account SME Small and Medium-sized Enterprise SoE Summary of Expenditure(s) SOFE Summary of Forecasted Expenditure(s) SS Summary Statement TA Technical Assistance TC Technical Cooperation TOR Terms of Reference UCP-DC Uniform Customs and Practice for Documentary Credit WA Withdrawal Application Page iv FOREWORD FOREWORD This Disbursement Handbook reflects a summary of the disbursement policies, guidelines, and procedures of the Islamic Development Bank (‘IsDB’ or ‘Bank’). It is intended to serve as a reference tool for beneficiaries, executing agencies, project implementation units, co-financiers, suppliers and other external contracting parties involved in the preparation and implementation of projects and programs financed by or through the Bank.
For instance, the number of fragile and conflict-affected member countries escalated from 28 to 31 as reported by the OECD's State of Fragility Report in 2022 and the IsDB Resilience Index in 2023. ... This state of fragility often perpetuates a vicious cycle, rendering transition, recovery, and development exceedingly arduous.
ISLAMIC DEVELOPMENT BANK ORDINARY CAPITAL RESOURCES FINANCIAL STATEMENTS 30 Dhul Hijjah 1431H (6 December 2010) with INDEPENDENT JOINT AUDITORS’ REPORT ISLAMIC DEVELOPMENT BANK ORDINARY CAPITAL RESOURCES 30 Dhul Hijjah 1431H (6 December 2010) CONTENTS Page Independent Joint Auditors’ Report 1 Statement of Financial Position 3 Income Statement 4 Statement of Cash Flows 5 Statement of Changes in Members’ Equity 6 Notes to the Financial Statements 7 - 43 Al Fozan & Al Sadhan P.O. Box 16415 Jeddah 21464 Kingdom of Saudi Arabia P.
ABOUT UNITED NATIONS DEVELOPMENT PROGRAMME (UNDP) UNDP is the leading United Nations organisation fighting to end the injustice of poverty, inequality, and climate change. ... The views expressed in this publication are those of the authors and do not necessarily reflect the views or policies of the United Nations including UNDP, or the United Nations Member States.
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.
Published in 2018 by Tudor Rose Tudor House, 6 Friar Lane, Leicester, LE1 5RA, United Kingdom +44 116 222 9900 www.tudor-rose.co.uk ii DEVELOPMENT THROUGH SOUTH-SOUTH COOPER ATION Acknowledgements Compiled by Sean Nicklin and Ben Cornwell at Human Development Forum, Tudor Rose IsDB Reverse Linkage Team Edited and designed by Leigh Trowbridge, Tudor Rose With thanks to all the authors listed in the contents section for their support in making REVERSE LINKAGE possible. ... Ahmad, Special Envoy on SDGs, Senior Advisor to the President, Islamic Development Bank Directorate for Foreign Policy and International Development Cooperation, BAPPENAS United Nations Office for South-South Cooperation in partnership with IsDB. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Expanding Malaysia’s development partnership through SSC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43 Jorge Chediek, Envoy of the Secretary-General on SouthSouth Cooperation and Director, United Nations Office for South-South Cooperation Malaysia External Trade Development Corporation and MARDI Corporation BADEA’s technical assistance to Africa – an SSC paradigm . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 From a grain of rice – Reverse Linkage between Suriname and Malaysia. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48 MARDI Corporation Prof.