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In this respect, the objective of the Bank is to better reflect the current state of development thinking and enhance its capacity to address the development needs of its member countries. ... IDB Unit Investment Fund........................................................................ 18 3.
His Royal Highness Prince Mohammad bin Salman bin Abdulaziz Al-Saud Crown Prince and Deputy Prime Minister G20 Riyadh Summit virtual Family Photo At-Turaif District, Ad-Diriyah 1st Row from right to left 1 Cyril Ramaphosa, President South Africa (African Union) 2 Boris Johnson, Prime Minister United Kingdom 3 Narendra Modi, Prime Minister India 4 Angela Merkel, Chancellor Germany 5 Xi Jinping, President China 6 Yoshihide Suga, Prime Minister Japan 7 Salman bin Abdulaziz Al Saud, King Saudi Arabia 8 Giuseppe Conte, Prime Minister Italy 9 Donald Trump, President United States 10 Vladimir Putin, President Russian Federation 11 Emmanuel Macron, President France 12 Joko Widodo, President Indonesia 13 Recep Tayyip Erdoğan, President Turkey 2nd Row from right to left 1 Paul Kagame, President Rwanda (NEPAD) 2 Lee Hsien Loong, Prime Minister Singapore 3 Pedro Sánchez, Prime Minister Spain 4 Abdullah II ibn Al Hussein, King Jordan 5 Charles Michel, President European Union 6 Scott Morrison, Prime Minister Australia 7 Alberto Fernández, President Argentina 8 Jair Bolsonaro, President Brazil 9 Andrés Manuel López Obrador, President Mexico 10 Mohammed bin Rashid Al Maktoum, Prime Minister United Arab Emirates (GCC) 11 Moon Jae-in, President Republic of Korea 12 Ursula von der Leyen, President European Union 13 Justin Trudeau, Prime Minister Canada 14 Simonetta Sommaruga, President Switzerland 15 Nguyễn Xuân Phúc, Prime Minister Vietnam (ASEAN) 3rd Row from right to left 1 Alan Wm. ... EMPOWERING PEOPLE FOR A SUSTAINABLE FUTURE DRIVING INNOVATION, PARTNERSHIPS, ISLAMIC FINANCE AND VALUE CHAINS 06 2020: A Year of Global Engagement & Advocacy for IsDB Group Showcasing IsDBG’s role in the G20 & Heads of MDBs Meetings ACRONYMS & ABBREVIATIONS 3Rs Respond, Restore, Restart 4IR Fourth Industrial Revolution 5Ps Public-Private-Philanthropic-People-Partnerships AfDB African Development Bank AI Artificial Intelligence AMF Arab Monetary Fund AMR Antimicrobial Resistance AsDB Asian Development Bank ASEAN Association of Southeast Asian Nations AU African Union BTOR Back-To-Office Report CEB Council of Europe Development Bank CEPI Coalition for Epidemic Preparedness Innovations CFO Chief Financial Officer CPC Country Programs Complex CPs Country Platforms CRO Chief Risk Officer CSOs Civil Society Organizations DETF Digital Economy Task Force DSSI Debt Service Suspension Initiative EBRD European Bank for Reconstruction and Development EIB European Investment Bank EPG Eminent Persons Group on Global Financial Governance EU European Union FAO Food and Agriculture Organization FATF Financial Action Task Force FCBD Finance and Central Bank Deputies FIAP Financial Inclusion Action Plan FIND Foundation for Innovative New Diagnostics FMCBG Finance Ministers and Central Bank Governors FSB Financial Stability Board FWG Framework Working Group GAVI Gavi, the Vaccine Alliance GCC Gulf Cooperation Council GEMs Global Emerging Markets GPFI Global Partnership for Financial Inclusion GVCs Global Value Chains ICD Islamic Corporation for the Development of the Private Sector ICIEC Islamic Corporation for the Insurance of Investment and Export Credit ICT Information and Communications Technology IEA International Energy Agency IEF International Energy Forum 08 Acronyms and Abbreviations IFA International Financial Architecture IFC International Finance Corporation ILO International Labour Organization IMF International Monetary Fund IRTI Islamic Research and Training Institute IsDB Islamic Development Bank ISFD Islamic Solidarity Fund for Development ITFC International Islamic Trade Finance Corporation IWG Infrastructure Working Group KAPSARC King Abdullah Petroleum Studies and Research Center KRI Key Risk Indicators KSA Kingdom of Saudi Arabia LDCs Least Developed Countries LLF Lives and Livelihood's Fund MDBs Multilateral Development Banks MENA The Middle East and North Africa MfDR Management for Development Results NEPAD New Partnership for Africa’s Development OECD Organization for Economic Cooperation and Development OFID OPEC Fund for International Development OPEC Organization of the Petroleum Exporting Countries P5P President’s Five-Year Program PCT Preferred Creditor Treatment PPP Public-Private Partnership PRI Political Risk Insurance RCI Regional Cooperation and Integration RCSA Risk and Control Self-Assessment SDGs Sustainable Development Goals SDR Special Drawing Right SEforALL Sustainable Energy for All SMEs Small and Mid-size Enterprises UHC Universal Health Coverage UN United Nations UNDP United Nations Development Programme UNICEF United Nations Children's Fund UNOPS United Nations Office for Project Services WB / WBG World Bank / World Bank Group WFP World Food Programme WG Working Group WHO World Health Organization WTO World Trade Organization WWF World WAQF Foundation 09 2020: A Year of Global Engagement & Advocacy for IsDB Group Showcasing IsDBG’s role in the G20 & Heads of MDBs Meetings TABLE OF CONTENTS ACRONYMS AND ABBREVIATIONS 04 01 MESSAGE FROM THE PRESIDENT 12 02 EXECUTIVE SUMMARY 20 03 INTRODUCTION 24 04 ISLAMIC DEVELOPMENT BANK AT A GLANCE 26 4.1 About IsDB 27 4.2 Isdb’s 5 Pillars of Activity 28 4.3 Isdb Group Members 28 4.4 The President’s Five-Year Program 29 4.5 Key Business Results 31 05 THE SAUDI G20 PRESIDENCY 36 5.1 Background on G20 37 5.2 Overview of the G20 Organization 38 5.3 Saudi Presidency of the G20 39 10 Table of Contents 06 IsDB GROUP’S PARTICIPATION AND CONTRIBUTION TO G20 46 6.1 IsDB Group’s Role in G20 47 6.2 IsDB Group’s Contribution to G20 50 6.3 Finance Track 50 6.4 Sherpa Track 62 6.5 Engagement Groups 80 07 IsDB CHAIRMANSHIP OF HEADS OF MDBs MEETINGS 86 7.1 Background 87 7.2 Priorities for 2020 88 7.3 Future Plans 91 08 KEEPING THE MOMENTUM 92 ANNEXES 95 Annex 1: IsDB Group Interventions at G20 96 Annex 2: IsDB Group Contributions to G20 99 G20 Branding (logos, colors and visual elements), photos of G20 Meetings and photos taken from the G20 website are credited to G20 Saudi Secretariat.
Page | 4 ISLAMIC DEVELOPMENT BANK - ORDINARY CAPITAL RESOURCES Income statement For the year 30 Dhul Hijjah 1435H (All amounts in thousands of Islamic Dinars unless otherwise stated) 1435H Notes Income from: Commodity placements Sukuk investments Murabaha financing Treasury assets Istisna'a Instalment Sale Ijarah Depreciation of assets under Ijarah Loans Project assets Equity capital Associates Other investments Investment assets Other income Foreign exchange (losses) / gains (Losses) / gains from swap Others 6 11 15 16 Total income Financing costs Impairment charge 13 Net income before operating expenses Administrative expenses Depreciation Total operating expenses Net income for the year 23 1434H (Restated) 26,517 38,978 7,319 72,814 130,400 51,461 203,109 (150,744) 14,004 248,230 36,293 13,409 1,343 51,045 4,639 (14,444) (5,429) (15,234) 19,725 517 9,384 29,626 122,813 44,657 201,714 (133,949) 10,843 246,078 33,234 27,746 4,700 65,680 7,735 6,780 8,263 22,778 356,855 364,162 (84,367) (12,946) (64,197) (20,728) 259,542 279,237 (110,146) (7,686) (101,221) (7,603) (117,832) (108,824) 141,710 170,413 The notes from 1 to 32 form an integral part of these financial statements. ... Page | 7 ISLAMIC DEVELOPMENT BANK - ORDINARY CAPITAL RESOURCES Year ended 30 Dhul Hijjah 1435H Notes to the Financial Statements (All amounts in thousands of Islamic Dinars unless otherwise stated) 1.
Insurance Credit Insurance Member States Rest of the World Facilitates Member States’ exports to the rest of the world. ... Rest of the World Member States Facilitates import of strategic and capital goods by Member States from non-Member States.
ISLAMIC DEVELOPMENT BANK ORDINARY CAPITAL RESOURCES Financial Statements and Independent Joint Auditors’ Report Year ended 30 Dhul Hijjah 1436H (13 October 2015) ISLAMIC DEVELOPMENT BANK - ORDINARY CAPITAL RESOURCES Financial Statements 30 Dhul Hijjah 1436H (13 October 2015) Page Independent joint auditors’ report Statement of financial position Income statement Statement of changes in members’ equity Statement of cash flows Notes to the financial statements 3 4 5 6 7 8 - 45 ISLAMIC DEVELOPMENT BANK - ORDINARY CAPITAL RESOURCES STATEMENT OF FINANCIAL POSITION AS OF 30 DHUL HIJJAH 1436H (All amounts in thousands of Islamic Dinars unless otherwise stated) 1436H 1435H (Restated) 235,724 1,699,794 1,764,101 272,138 3,971,757 4,125,553 527,763 1,399,026 2,515,584 1,845,397 10,413,323 739,769 656,872 90,671 1,487,312 64,255 160,796 225,051 1,043,659 1,731,444 1,047,793 253,911 4,076,807 3,692,588 225,576 1,334,409 2,268,273 1,770,911 9,291,757 777,641 633,150 87,172 1,497,963 52,939 155,799 208,738 16,097,443 15,075,265 676,159 7,317,434 254,353 1,031,228 6,104,949 218,017 8,247,946 7,354,194 4,939,998 2,751,839 157,660 4,853,867 2,702,155 165,049 7,849,497 7,721,071 16,097,443 15,075,265 73,888 64,067 Notes Cash and cash equivalents Commodity placements Sukuk investments Murabaha financing Treasury assets Istisna'a assets Restricted Mudaraba Instalment sale Ijarah assets Loans Project assets Equity investments Investment in associates Other investments Investment assets Property and equipment Other assets Other assets 4 5 6 7 9 10 11 12 13 15 16 17 Total Assets Liabilities Commodity purchase liabilities Sukuk issued Other liabilities 19 18 20 Total Liabilities Members’ Equity Paid-up capital Reserves Net income for the year 22 23 Total Members’ Equity Total Liabilities and Members’ Equity Restricted Investment Accounts 28 The notes from 1 to 34 form an integral part of these financial statements. 4|Page ISLAMIC DEVELOPMENT BANK - ORDINARY CAPITAL RESOURCES INCOME STATEMENT FOR THE YEAR 30 DHUL HIJJAH 1436H (All amounts in thousands of Islamic Dinars unless otherwise stated) 1436H Notes Income from: Commodity placements Sukuk investments Murabaha financing Treasury assets Istisna'a Restricted mudaraba Instalment sale Ijarah Depreciation of assets under Ijarah Loans Project assets Equity investments Associates Other investments Investment assets Other income Foreign exchange losses Losses from swap Others 6 12 16 17 Total income Financing costs Impairment charge 18,19 14 Net income before operating expenses Administrative expenses Depreciation Total operating expenses Net income for the year 24 1435H (Restated) 17,959 48,228 9,887 76,074 149,209 12,807 64,767 236,301 (173,972) 20,847 309,959 42,203 16,095 3,815 62,113 13,505 (32,292) (27,600) (46,387) 26,517 38,978 7,319 72,814 153,091 61,746 203,109 (160,381) 14,004 271,569 36,293 13,409 1,343 51,045 4,639 (14,444) (5,429) (15,234) 401,759 380,194 (110,705) (18,867) (84,367) (12,946) 272,187 282,881 (109,293) (5,234) (110,146) (7,686) (114,527) (117,832) 157,660 165,049 The notes from 1 to 34 form an integral part of these financial statements. 5|Page ISLAMIC DEVELOPMENT BANK - ORDINARY CAPITAL RESOURCES YEAR ENDED 30 DHUL HIJJAH 1436H STATEMENT OF CHANGES IN MEMBERS’ EQUITY (All amounts in thousands of Islamic Dinars unless otherwise stated) Notes Balance at 29 Dhul Hijjah 1434H, Previously reported Prior year adjustment Reclassification No. 1 Balance at 29 Dhul Hijjah 1434H, Restated Increase in paid-up capital Fair value gains from equity and other investments Increase in actuarial losses relating to retirement pension and medical plans Contribution to the principal amount of ISFD Share in associates reserve movement Net income for 1435H Transfer to general reserve Allocation for grants Balance at 30 Dhul Hijjah 1435H Increase in paid-up capital Fair value losses from equity investments Decrease in actuarial losses relating to retirement pension and medical plans Contribution to the principal amount of ISFD Share in associates reserve movement Net income for 1436H Transfer to general reserve Allocation for grants Balance at 30 Dhul Hijjah 1436H 30 30 15 21 25 16 23 15 21 25 16 23 Paid-up capital General reserve 4,799,791 4,799,791 1,987,975 257,704 2,245,679 - 54,076 - Reserves Pension Fair and value medical reserve obligation 390,634 26,492 417,126 60,820 (91,180) (91,180) - - (64,879) - (1,736) - 4,853,867 170,413 (14,022) 2,337,191 477,946 - (92,916) 86,131 4,939,998 (69,835) 165,049 (11,275) 2,421,130 (48,463) 429,483 5,534 (87,382) Other reserves (12,983) (26,492) (39,475) 19,409 (20,066) 8,674 (11,392) Total reserves Net income 2,274,446 257,704 2,532,150 - 170,413 170,413 - 60,820 - 54,076 60,820 (1,736) (64,879) - (1,736) (64,879) 19,409 170,413 (14,022) 2,702,155 - 165,049 (170,413) 165,049 - (48,463) - 5,534 (69,835) 8,674 165,049 (11,275) 2,751,839 157,660 (165,049) 157,660 Total 7,244,650 257,704 7,502,354 19,409 165,049 (14,022) 7,721,071 86,131 (48,463) 5,534 (69,835) 8,674 157,660 (11,275) 7,849,497 The notes from 1 to 34 form an integral part of these financial statements. 6|Page ISLAMIC DEVELOPMENT BANK - ORDINARY CAPITAL RESOURCES Year ended 30 Dhul Hijjah 1436H Statement of Cash Flows (All amounts in thousands of Islamic Dinars unless otherwise stated) 1436H 1435H (Restated) 157,660 165,049 5,234 (16,095) 18,867 1,421 (567) 32,292 (20) 8,000 (16,768) 7,686 (13,409) 12,946 (13,312) (566) 14,444 (332) 1,914 (84,160) 18,852 190,024 109,112 (406,194) (292,536) (144,030) (207,157) (44,541) (25,811) 54,629 (875,616) (388,798) (225,576) (14,762) (120,396) (54,812) 170,195 (208,249) (733,286) 90,798 (765,732) 831,743 (469,921) 125,453 6,984 (12,450) 870 347 1,047 (16,550) (569,233) 59,749 (16,370) (9,965) 5,494 (10,891) 11,310 618 (3,363) 398,404 86,131 (11,275) (69,835) 1,127,280 (170,338) (327,447) 634,516 (810,333) 2,398 1,043,659 235,724 54,076 (14,349) (64,552) 2,947,747 (1,235,160) (519,827) 1,167,935 833,053 148 210,458 1,043,659 Notes Cash flows from operations Net income for the year Adjustments for non-cash items Depreciation of property and equipment Share of income in associates and other Provision for impairment of financial assets, net Unrealised fair value losses / (gains) on Sukuk Amortization of other income (Deferred grant) Foreign exchange losses Gain on disposal of equity investment Loss on disposal of other investment Changes in accrued income Changes in accrued expenses Operating income before changes in operating assets and liabilities Changes in operating assets and liabilities: Istisna'a Restricted Mudaraba Instalment sales Ijarah Loans Other assets Other liabilities Net cash used in operating activities Cash flows from investing activities Commodity placements Acquisition of Sukuk investments Proceeds from disposal/redemption of sukuk investments Murabaha Acquisition of equity investments Proceeds from disposal of equity investments Acquisition of other investments Proceeds from disposal of other investments Dividend from associates Additions to property and equipment Net cash used in /generated from investing activities Cash flows from financing activities Increase in paid-up capital Technical assistance and scholarship grants Contribution to the principal amount of ISFD Proceeds from issuance of sukuk Redemption of sukuk Commodity purchase liabilities Net cash from financing activities Net change in cash and cash equivalents Exchange difference on cash and cash equivalents Cash and cash equivalents at 1 Muharram Cash and cash equivalents at 30 Dhul Hijjah 16 14 6 6 6 15 16 4 The notes from 1 to 34 form an integral part of these financial statements. 7|Page ISLAMIC DEVELOPMENT BANK - ORDINARY CAPITAL RESOURCES Year ended 30 Dhul Hijjah 1436H Notes to the Financial Statements (All amounts in thousands of Islamic Dinars unless otherwise stated) 1. ... The Bank’s official address is Jeddah 8111 King Khalid Street, Unit No. 1, Al Nuzlah Yamania Dist, Jeddah 22332-2444, Kingdom of Saudi Arabia.
Chapter Two STATE OF THE ECONOMY AND AGRICULTURE……………….. 1. ... Chapter Four STATE OF FOOD INSECURITY AND THE ROLE OF GRAINS….
The State of Education in IDB Member Countries: Challenges, Constraints and Opportunities 10 2.1 Taking Stock of the Current Experiences 2.1.1 Major Constraints 2.1.2 Regional Gaps 10 10 11 2.1.3 The Gender Gaps 13 2.1.4 Wealth Gaps 2.1.5 The Rural- Urban Divide 14 14 2.1.6 2.2 2.2.1 2.2.2 2.3 2.3.1 2.3.2 2.3.3 2.3.4 2.3.5 2.3.6 2.3.7 2.3.8 2.4 14 17 17 18 19 22 22 23 23 23 24 24 24 24 Educational Attainment Some Innovative Reforms Islamic Education(Madrasa) Incentive Schemes Current Government Expenditure on Education Revenue-GDP Ratio Current Spending on Education Per Unit Cost of Education Teacher Salaries Recurrent Spending on Inputs Other than Salaries Pupil-Teacher Ratio Share of Private Schools Average Repetition Rate Resources Needed to Achieve MDGII in Member Countries Chapter III. ... This commitment was reconfirmed at the United Nations Conference on Financing Development held in Monterrey, Mexico (2002).
Mohammed bin Hadi Al Hussaini, UAE Minister of State for Financial Affairs Interview H.E. ... In December 2023, the United Arab Emirates (UAE) hosts COP28 when all eyes converge on Dubai.
ISLAMIC DEVELOPMENT BANK ERADICATING MALARIA IN IDB MEMBER COUNTRIES IN AFRICA Ambrose O. Talisuna OCCASIONAL PAPER No. 13 Jumad Awwal 1429H (May 2008) © Islamic Development Bank Economic Policy and Statistics Department DISCLAIMER The views expressed in this paper are those of the author and do not necessarily represent the views of the Islamic Development Bank Group or its member countries.
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.