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THIRTY-FOUR YEARS IN THE SERVICE OF DEVELOPMENT Jumad Awwal 1429H (May 2008) For enquiries about this booklet, please write to: Director, Economic Policy and Statistics Department Islamic Development Bank P.O.Box 5925, Jeddah, 21432 Saudi Arabia Fax: +966-2-6467478 IDB GROUP OVERVIEW CAPITAL STRUCTURE IDB (ID million) i Authorized Capital 1428Hiii At Inception Issued Capital 1428H At Inception Subscribed Capital 1428H At Inception Paid-In Capital 1428H At Inception ICDii ($ million) ICIEC (ID million) ITFC ($ million) 30,000 1,000 100 3,000 2,000 1,000 100 3,000 15,000 500 97.2 750 500 68.8 13,870 500 97.7 750 750 350 68.8 500 3,065 330 73.9 514.9 280 88.1 63.8 446.1 MEMBERSHIP (AT THE END OF 1428H) Member Countries IDB IRTI ICD ICIEC ITFC 56 .... 45 36 37 NET APPROVALS 1396H-1428H (1 JANUARY 1976-19 JANUARY 2008) Activity Number of Operations (I) Project Financing from OCRiv Amount Approved (ID million) ($ million) 2,014 11,470.4 15,792.3 (II) Technical Assistance 663 174 232.2 (III) Project Financing by Funds/Entities (UIF, IBP, APIF, ICD and Treasury Dept.) 381 3,374.2 4,840.1 2,395 14,844.8 20,632.4 Trade Financing Operations 2,011 21,944.1 29,799.1 Special Assistance Operations 1,185 501.1 640.8 Total Net Approvals 5,591 37,290.1 51,072.3 Total Project Financing (I + II) ___________________________________________ Islamic Dinar is the unit of account of the IDB and is equivalent to one Special Drawing Right (SDR) of the IMF. As per Articles of Agreement, Authorized/Subscribed Capital for the ICD is in US dollar.
ISLAMIC DEVELOPMENT BANK THIRTY-TWO YEARS IN THE SERVICE OF DEVELOPMENT Economic Policy and Strategic Planning Department Rabi Thani 1427H (May 2006) For enquiries about this booklet, please write to: The Director Economic Policy and Strategic Planning Department Islamic Development Bank P.O. Box 5925, Jeddah 21432 Kingdom of Saudi Arabia Fax: +966-2-6467478 ISSN: 0466/1319 32 Years in the Service of Development CAPITAL STRUCTURE OF IDB GROUP 1426H Authorized Capital Subscribed Capital ICD ($)1 ICIEC (ID) 100 15,000 1,000 At Inception 2,000 1,000 100 1426H 8,000 500 97.24 At Inception 1426H Paid-up Capital (in million) IDB (ID*) At Inception 750 350 68.75 2,736 282.21 72.74 280 88.10 63.81 MEMBERSHIP AND STAFF AS AT THE END OF 1426H Member Countries Number of Staff IDB IRTI ICIEC ICD 56 - 35 44 822 55 46 50 IDB GROUP FINANCING OPERATIONS2 1396H-1426H3 (1 JANUARY 1976 - 30 JANUARY 2006) Activity No of Operations ID million Amount Approved $4 million Project Financing from OCR5 (Excluding Sukuk) 1,203 8,795.3 11,774.8 Project Financing from Sukuk6 18 435.3 626.8 Technical Assistance 525 150.9 197.4 Project Financing by Funds / Entities (UIF,IBP, APIF, ICD and Treasury Dept.) 297 2,667.9 3,762.2 Total IDB Group Project Financing 2,043 12,049.3 16,361.3 Trade Financing Operations 1,811 18,377.8 24,416.1 Special Assistance Operations 1,126 472.3 597.3 Total Net Approvals 4,980 30,899.4 41,374.8 Islamic Dinar which is equivalent to one Special Drawing Right of the IMF As per Articles of Agreement Authorized/Subscribed Capital for the ICD is in US$. 2 All figures on operations are net of cancellation. 3 Hijra Year(H): An Islamic Lunar calendar system comprising 12 months. 4 ‘$’ denotes US dollar. 5 Ordinary Capital Resources (OCR). 6 Assets based Islamic bond. * 1 iii 32 Years in the Service of Development PREFACE The Islamic Development Bank is a multilateral development finance institution with a mandate to promote economic development and social progress of its member countries individually and jointly in accordance with the principles of Shari’ah.
ISFD Development Effectiveness Report 2020 Contents 2 ISFD Development Effectiveness Report 2020 Abbreviations 04 About ISFD 05 Message from the Chairman of THE Board of Directors 06 Performance Highlights 08 Executive Summary 10 01 Introduction - ISFD and its Objectives 13 1.1 Overview 13 1.2 Development situation of member countries 14 02 ISFD Strategy 19 2.1 Detailed strategy to its 2030 vision 19 03 ISFD Portfolio 23 3.1 Overview of current operations 23 3.2 ISFD approvals 25 3.3 Sectoral portfolio allocation 25 3.4 Regional and country portfolio allocation 26 3.5 Disbursement by country 26 04 Development Effectiveness 29 4.1 Results achieved 29 4.2 Field visits 43 4.3 Development implications of projects 51 05 Conclusion 55 06 APPENDIX 57 6.1 6.2 ISFD Member Country Classification as per IsDB Financing Terms (New Classification Approach), 2019 Development Effectiveness Framework – REES Rating Scale 57 57 6.3 SDG orientation of projects 59 6.4 Expected sectoral results 64 6.5 Testimonies 68 ISFD Development Effectiveness Report 2020 3 Abbreviations 4 Abbreviation Meaning ABC ƒ Agri-business center BoG ƒ Board of Governors CFA ƒ West African CFA Franc DER ƒ Development Effectiveness Report GVC ƒ Global value chain ICRISAT ƒ International Crops Research Institute for the Semi-Arid Tropics IEC ƒ Information, education, and communication IsDB ƒ Islamic Development Bank ISFD ƒ Islamic Solidarity Fund for Development KPI ƒ Key performance indicator LDMCs ƒ Least developed member countries LLF ƒ Lives and Livelihoods Fund MC ƒ Member country MCPS ƒ Member Country Partnership Strategy MDG ƒ Millennium Development Goals MENA ƒ The Middle East and North Africa MFI ƒ Microfinance institutions MFSP ƒ Microfinance Support Program MVP ƒ Millennium Village Program NGOs ƒ Non-Government Organizations PALAM ƒ Programme d'Alphabétisation et d'Apprentissage des Métiers PCR ƒ Project Completion Report PPP ƒ Purchasing Power Parity REES ƒ Relevance, Effectiveness, Efficiency, Sustainability RM ƒ Resource mobilization RRP ƒ Report and Recommendation of the President SACCO ƒ Savings and Credit Cooperative SAPE ƒ Smallholder Agricultural Productivity Enhancement SDGs ƒ Sustainable Development Goals SLA ƒ Service Level Agreement SSA ƒ Sub-Saharan Africa SVP ƒ Sustainable Villages Program UNDP ƒ United Nations Development Programme UNICEF ƒ United Nations Children's Fund UNESCO ƒ United Nations Educational, Scientific and Cultural Organization VOLIP ƒ Vocational Literacy Program ISFD Development Effectiveness Report 2020 About ISFD VISION Reduce poverty in OIC member countries MISSION The mission of the Islamic Solidarity Fund for Development (ISFD) is to lead innovative poverty reduction programs in the member countries of the Organization of Islamic Cooperation (OIC), particularly the least developed states, by developing strong partnerships with donors and main stakeholders, focusing on education, economic empowerment, community development, and health. The Islamic Solidarity Fund for Development (ISFD) is the poverty alleviation arm of the Islamic Development Bank (IsDB) Group positioned and recognized for its focus and impact on poverty reduction with very clear focus on comprehensive human development including Education Economic Development through job creation and economic growth Community Development Health Inception and Scope ISFD was established in 2007 as a special fund within IsDB dedicated to financing projects and programs that contribute to reducing poverty in OIC member countries.
Islamic Development Bank Group ISLAMIC DEVELOPMENT BANK GROUP IN BRIEF Jumad-II 1434H (May 2013) For enquiries about this booklet, please write to: Director, Economic Research and Policy Department Islamic Development Bank P. O.
Tagaimurodov (Albania, Azerbaijan, Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan) Hassan H.
ISLAMIC DEVELOPMENT BANK GRAIN PRODUCTION IN IDB MEMBER COUNTRIES: ISSUES AND PROSPECTS Mahmood Hasan Khan Rajab 1424H (September 2003) The views expressed in this paper are entirely those of the author and do not necessarily represent the views of the Islamic Development Bank Group or its member countries. Table of Contents Acronyms………………………………………………………………………………...
ISLAMIC DEVELOPMENT BANK THIRTY YEARS OF HUMAN DEVELOPMENT Economic Policy and Strategic Planning Department Jumad Thani 1425H (August 2004) © This document can be obtained from: Bank Secretariat Islamic Development Bank P.O. Box 5925, Jeddah 21432 Kingdom of Saudi Arabia Website: http://www.isdb.org/ E-mail : idbarchives@isdb.org Go-back-to-contents HIGHLIGHTS ► Membership ► Capital 1395H: 1424H: 1396H: 22 countries 55 countries ► Organization Departments: 1395H: 1424H: 4 16 1424H: Authorized: Issued: Authorized: Issued: ► Offices: 1395H: 1424H ID 2 billion ID750 million ID15 billion ID8.1 billion 3 16 ► Entities, Funds and Affiliated Institutions 1401H: 1424H: 1 (IRTI) 11 (IRTI, ICD, ICIEC, IBP, UIF, IIF, WWF, APIF, ICBA, OIC Networks and Adahi Project) ► Modes of Financing 1397H: 1424H: ► Staff 1396H: 1424H: 6 (Loan, equity, leasing, profit-sharing, co-financing, foreign trade financing) 12 (Loan, equity, leasing, instalment sale, profit-sharing, Istisna’, co-financing, Import Trade Financing Operation, Export Financing Scheme, Two- Step Murabaha, Structured Trade Financing, and Build Operate Transfer (BOT) 78 persons 881 persons SUMMARY TABLE IDB GROUP FINANCING OPERATIONS* 1396H-1424H (1 JAN. 1996-21 FEB. 2004) OPERATIONS (NO.)
Annual Evaluation Report (Inside).pdf 1 10/21/18 7:50 PM Annual Evaluation Report 2017 OPERATIONS EVALUATION DEPARTMENT Annual Evaluation Report (Inside).pdf 2 10/21/18 7:50 PM Annual Evaluation Report (Inside).pdf 3 10/21/18 7:50 PM TABLE OF CONTENTS TABLE OF CONTENTS ACKNOWLEDGEMENTS i ii ACRONYMS AND ABBREVIATIONS EXECUTIVE SUMMARY 01 CHAPTER - I : INTRODUCTION 2 2 4 4 28 CHAPTER - III : DEVELOPMENT RESULTS 41 CHAPTER - V: RECOMMENDATIONS AND MANAGEMENT RESPONSE AND ACTION A.Background and Objectives B.Evaluation Planning, Methodology and Criteria C.Enabling and Dissemination Activities D.Organization of the Report 29 A.Agriculture and Rural Development 30 B.Water and Sanitation Sector 30 C.Transport Sector 31 D.Energy Sector 32 E.Education Sector 33 F.Health Sector 34 G.Finance Sector 35 H.Industry and Mining Sector 42 42 A.Synthesis of Recommendations B.Implementation of Recommendations iii iv 05 CHAPTER - II : PERFORMANCE ANALYSIS 36 6 11 23 A.Ordinary Capital Resources (OCR) Projects B.Higher Level Evaluations C.Other Evaluations 37 LESSONS Learned 38 LESSONS Derived CHAPTER - IV: LESSONS LEARNED 43 ANNEX ANNEX 44 46 48 51 53 54 A.Main indicators for projects evaluated in 2017 B. 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.
STRONGER TOGETHER Financial Review 2021 CONTENTS 1 CLIENT SERVICES 2 2LIQUID ASSETS AND FUNDING RESOURCES 10 3RISK MANAGEMENT 14 4FINANCIAL PERFORMANCE SUMMARY 20 5 GOVERNANCE AND CONTROL 28 STRONGER TOGETHER 1 1 CLIENT SERVICES 2 ICD FINANCIAL REVIEW 2021 CLIENT SERVICES BUSINESS OVERVIEW ICD fosters sustainable economic growth in its 55 member countries by investing in private sector projects, mobilizing capital in the international financial markets, and providing advisory services to business and governments. ICD’s activities are centered on four strategic focus areas: • Developing Islamic financial channels to create multiplier impact; • P roviding advisory solutions for establishing Islamic finance windows and converting conventional financial institutions into Islamic finance organizations; Financing and Investment Products ICD’s mandate to serve the private sector of member countries is carried out through a variety of different products.
ISLAMIC DEVELOPMENT BANK ORDINARY CAPITAL RESOURCES Financial Statements and Independent Auditor’s Report For the year ended 31 December 2019 ISLAMIC DEVELOPMENT BANK - ORDINARY CAPITAL RESOURCES For the year ended 31 December 2019 Contents Independent auditor's report Statement of financial position Income statement Statement of changes in members’ equity Statement of cash flows Notes to the financial statements Page No. 3-8 9 10 11 12 13 - 51 Ernst & Young & Co. (Certified Public Accountants) General Partnership King’s Road Tower, 13th Floor King Abdul Aziz Road (Malek Road) P.O.