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T +966 12 646 8337 itfccorp F +966 12 637 1064 International Islamic Trade Finance Corporation (ITFC) TABLE OF CONTENTS CHAPTER 01 P 11 • CEO Message Strategic Context Appendices I- Limited Assurance Statement II- Verifier Statement III- Methodological Note IV- Bibliography • Global Goals • Strategic Goals 02 CHAPTER P17 Development Results CHAPTER 04 P 49 CHAPTER 03 P 43 Operational Performance • Delivery effectiveness • Portfolio management CHAPTER 05 P 57 Our approach to ESG and impact management • Transitioning towards a new ESG framework • Managing for results the Development Impact Framework THE WAY FORWARD ITFC Development Effectiveness Report - 2023 List of Abbreviations ADB Asian Development Bank ADER Annual Development Effectiveness Report Afreximbank African Export–Import Bank CEO Chief executive officer DIF Development Impact Framework ESG Environment, Social and Governance FAO Food and Agriculture Organization IFSB Islamic Financial Services Board IsDB Islamic Development Bank ITFC International Islamic Trade Finance Corporation LDCs Least Developed Countries LNG Liquefied Petroleum Gas MCs Member Countries MLA Mandated Lead Arranger MSMEs Micro, Small & Medium Enterprises OIC Organisation of Islamic Cooperation SDGs Sustainable Development Goals SESRIC Statistical, Economic and Social Research and Training Centre for Islamic Countries UN United Nations UNSD United Nations Statistic Division WFP World Food Program YoY Year on Year 01 Sustainable Trade Horizons ITFC engaged BlueMark, a Tideline company, to independently verify the quality of ITFC's external impact reporting based on industry best practices, including the Sustainable Development Goals and the Operating Principles for Impact Management, an,ong others. ... We lead impactful programs like the Arab Africa Trade Bridges Program and the Aid for Trade Initiatives in Arab States (Phase II), strengthening regional supply chains and supporting an inclusive trade.
Bashir Jama Adan (Agriculture Infrastructure Division, led by the IsDB Climate Change Division IsDB) and United Nations Food and Agriculture Organization with input from agriculture sector experts (FAO) staff including Rima Al-Azar, Habimana Didier, and at the Islamic Development Bank and Kim Jeongha.
The Corporation helps businesses in Islamic countries gain better access to trade finance and provides them with the necessary trade related capacity building tools to help compete successfully in the global market. 39 Years in the Service of Development iii AFFI AGFUND AIRTS AMF : : : : COMSTECH : APIF BADEA BOG CG COMCEC DfID E4E FAO FDI GCC IAS IBRD ICD ICDT ICIEC ICT ID IDB IFAD IFC IFIs IRRA IRTI ISFD ITAP ITFC iv : : : : : : : : : : : : : : : : : : : : : : : : : : ABBREVIATIONS Arab Financing Facility for Infrastructure Arab Gulf Program for Development Arab Institute for Research and Training in Statistics Arab Monetary Fund Awqaf Properties Investment Fund Arab Bank for Economic Development in Africa IDB Board of Governors Coordination Group OIC Standing Committee for Economic and Commercial Cooperation OIC Standing Committee on Scientific and Technological Cooperation Department for International Development Education for Employment Food and Agriculture Organization of the United Nations Foreign Direct Investment Gulf Cooperation Council International Accounting Standards International Bank for Reconstruction and Development (World Bank) Islamic Corporation for the Development of the Private Sector Islamic Centre for Development and Trade Islamic Corporation for the Insurance of Investment and Export Credit Information and C ommunication Technology Islamic Dinar Islamic Development Bank International Fund for Agricultural Development International Finance Corporation Islamic Financial Institutions International Islamic Rating Agency Islamic Research and Training Institute Islamic Solidarity Fund for Development Investment Technical Assistance Program International Islamic Trade Finance Corporation 39 Years in the Service of Development LDMCs MCPS MDB MDG MDP MENA MoU MTN MSP NDFIs NSS OCR OIC OICC OFID PPP R&D RLs SAP SESRIC S&T SMEs SPDA STATCAP OIC-StatCom SVP SAO TA TCP TCPP TOBB UNCTAD UNIDO VOLIP WB : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : Least Developed Member Countries Member Country Partnership Strategy Multilateral Development Bank Millennium Development Goal Microfinance Development Program Middle East and North Africa Memorandum of Understanding IDB Medium Term Note Merit Scholarship Program National Development Financing Institutions National Statistical System Ordinary Capital Resources: Organization of Islamic Cooperation Organization of Islamic Capitals and Cities OPEC Fund for International Development Public Private Partnerships Research and Development Reverse Linkages System Analysis and Program Development Statistical, Economic and Social Research and Training Centre for OIC Science and Technology Small & Medium Enterprises Special Program for the Development of Africa Statistical Capacity Building OIC Statistical Commission Sustainable Village Program Special Assistance Operations Technical Assistance Technical Cooperation Program Trade Cooperation Promotion Program Chambers, Commodity Exchanges and Union of Turkey United Nations Conference on Trade and Development United Nations Industrial Development Organization Vocational Literacy for Poverty Reduction Program World Bank 39 Years in the Service of Development v Capital Structure of Entities in IDB Group As at end - 1433H (14 November 2012)- (in million) Authorized Capital 1433H At Inception Subscribed Capital 1433H At Inception Paid-In Capital 1433H At Inception IDB (ID)* ICD (US$) ICIEC (ID) ITFC (US$) 30,000 2,000 150 3,000 400.03 68.8 500 2,000 1,000 17,474.6 806.64 280 83 750 4,031.1 100 149 565.81 74.5 63.8 3,000 750 671.7 446.1 *ID = Islamic Dinar is equivalent to one unit of SDR (Special Drawing Rights of the International Monetary Fund) Source: IDB Net Approvals of IDB Group 1396H-1433H (1976-14 November 2012) Amount Approved (in million) Number of Operations Activity Net Approved Operations Of Which: OCR Net Approvals Net Trade Finance Approvals - ITFC 60,582.6 87,225.6 10.7 219 1,283.9 1,950 22.7 37 400 8,552 22,914.5 9,103.6 Business insured** *Growth is based on least square approach.
IsDB Climate Action Success Stories Working Towards A Sustainable and Inclusive Future SENEGAL Speeding into the Future | West Africa First Regional Fast Train Senegal's capital Dakar has been challenged by growing urbanisation, created by increasing economic opportunities. The city of three million people offers nearly 85 percent of nationwide jobs, prompting an influx of around 100,000 new residents from rural communities each year.
The key objectives of the Stock-Take study are to describe the current state of the insurance market for equity investments and MLT debt investments, identify best practices and potential gaps in the market and to provide recommendations on how identified gaps could be filled in developing countries, including fragile states. ... Low-Income Countries, Fragile States and Conflict Affected Countries or Countries classified in OECD ECA risk category 7.
ISLAMIC DEVELOPMENT BANK The Challenge of Achieving the Millennium Development Goals in IDB Member Countries in the Post-Crisis World IDB Occasional Paper No. 16 Rajab 1432H (June 2011) IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 Abdullateef Bello and Areef Suleman IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 IDB Occasional Paper 16 ISLAMIC DEVELOPMENT BANK The Challenge of Achieving the Millennium Development Goals in IDB Member Countries in the Post-Crisis World Abdullateef Bello & Areef Suleman IDB Occasional Paper No. 16 Chief Economist Complex Rajab 1432H (June 2011) For enquiries about this publication, please write to: Director, Data Resources and Statistics Department, Islamic Development Bank, P.O.Box 5925, Jeddah 21432, Saudi Arabia Fax: +966-2-646-6682 Email: datarsd@isdb.org Rajab 1432H (June 2011) DISCLAIMER The views expressed in this paper are those of the authors and do not necessarily represent the views of the Islamic Development Bank Group or its member countries.
At the same time, various international engagements such as the upcoming Conference of the Parties-27 (COP27 and COP28 are going to be held in our own member countries—namely, the Republic of Egypt and the United Arab Emirates (UAE) respectively.
Protected Technology Solution Appraisal Tool Department: Cooperation and Capacity Development Division: Science, Technology & Innovation Team Lead: Louai Farouk Team Members: - Bashir Kagere - Nedal Ali Ishaq 1 Protected Disclaimer IsDBG does not guarantee the accuracy of the data included in this publication and accepts no liability for any consequence of their use. This publication is provided without any warranty of any kind whatsoever, either express or implied.
Murabahah (cost plus mark-up) The purchase and sale price, other costs, and profit margin must be clearly stated during the sales contract. ... At present, the fund has reached closure in terms of its objectives, natural lifetime and due to current market sentiment is undergoing liquidation in best interest of its unit holders with assets distributed to investors within the present/upcoming periods.
Economic Commission for Africa; United Nations. ... It focuses on tracking two areas: i) Global GHG emissions to demonstrate progress to hold global temperature increase to well below 2°C above pre-industrial levels and the pursuit of efforts to limit to 1.5°C above pre-industrial levels including the latest Intergovernmental Panel on Climate Change (IPCC) and International Maritime Organization (IMO) projections on temperature levels; and ii) information on the global state of climate vulnerability and enhancements to adaptive capacity, strengthening resilience, and reducing vulnerability to climate change.