Islamic Solidarity Fund for Development. Islamic Development Bank Together we Build a Better Future

Transcription

1 Islamic Solidarity Fund for Development Islamic Development Bank Together we Build a Better Future

2 Outline Poverty A Challenge for the Ummah About ISFD Programs Portfolio and Partnerships

3 Poverty, A Challenge for the Ummah IDB member countries account for only 22% of the world s population, but 40% of the world s poor Only 5 member countries accounted for 250 million of this 400 million (Bangladesh, Indonesia, Nigeria, Pakistan and Sudan) 9 countries have more than 50% of their population in poverty Majority in the Sub Saharan Region.

4 Human Development in Sub Sahara 99 % of the multidimensionally poor in sub Sahara face at least one environmental deprivation (water, sanitation, or coking fuel) More than 90 % of them lack access to modern cooking fuel, and more than 50 % lack access to electricity More than 85 % lack access to improved sanitation, nearly half of the households spend more than 30 minutes a day collecting water Among 29 countries with lowest Education Development Index (EDI), over 60 % are in Sub Sahara 22 % of the multidimensionally poor live on degraded land and more than half of them lack access to electricity

5 Alleviating Poverty The Daunting Task Ahead Poor in IDB member countries need at least US$110 billion annually According to the UN Millennium project, a sustained annual investment of US$ billion in IDB member countries is required to achieve the MDGs. Other sources, like the OECD, estimate the figure to be closer to US$250 billion.

6 Islamic Solidarity Fund for Development Providing Resources, Fighting Poverty, Restoring Dignity

7 About ISFD Established on 6 Dhul Qadah, 1426H / 08 Dec, 2005 Target Capital: US$10 Billion Launched on 13 Jumad I, 1428H / 30 May, 2007 Capital Committed: US$ Billion Commenced Operations in February 2008 Capital Paid: US$ Billion Special Waqf Fund with separate Accounts and Records, Board of Directors, and Board of Governors IDB Commitment: US$ 1.0 Billion

8 Priority Areas Capacity Development Basic Infrastructure Development Agriculture & Rural Development Human Development (Education, Health, Water & Sanitation) Women Empowerment

9 Current Flagship Programmes Vocational Literacy Programme (VOLIP) Micro Finance Support Programme (MFSP) ISFD Sustainable Villages Programme (SVP)

10 Vocational Literacy Programme (VOLIP) (US$ 500 Million) To reduce poverty, particularly among women in rural populations by equipping them with relevant functional literacy competencies and vocational skills. Out of School Children (Age: 9 15) Teenagers and Youth (Age: 16 24) Women Worker Groups

11 Micro Finance Support Programme (MFSP) (US$ 500 Million) One Million Economically Active Poor Half Million Ultra Poor Women Financial Services Reduce Vulnerability Create Employment Opportunities Improve Living Conditions

12 ISFD Sustainable Villages Programme (US$ 120 Million) Objectives Achievement of the MDGs by 2015 Tackling extreme poverty in selected regions with the help of low cost, sustainable and communityled action plans US$ 120 US$150 per beneficiary per year Cluster Population: 45,000 80,000 people The average cost per cluster: US20.0 million/country

13 ISFD Sustainable Villages Programme Trade for Poverty Reduction Agriculture and Livestock Primary Education Primary Healthcare Business Development Empowering of Women Preservation of the Environment Water Energy Transport Rural Infrastructure Phase I: 1431 (2011) Chad Phase II: 1432 (2012) Phase III: 1433 (2013) (US$ million) Mozambique Sudan (US$ 20.3 million) Niger (US$ 20.0 million) Kyrgyz Republic (US$ 20.3 million) Mali Burkina Faso IT Community Development

14 Future Flagship Programmes Basic Education for the Poor Renewable Energy for the Poor IDB Grameen Social Business Initiative

15 Basic Education for the Poor Expansion Develop a project with GoP to expand TCF schools in Pakistan Replication Replicate the TCF Model in IDB Member Countries Sustainability (Waqf) Develop a model for Sustainability

16 Renewable Energy for the Poor Solar Wind SHS Program in Bangladesh (IDB Success Story) Geothermal Wave / Tidal 1.3 million SHSs installed, new target 2.5 million Reduced cost, innovation, private sector Experiences in Malaysia and Turkey Biogas Hydroelectric

17 Renewable Energy for the Poor (REP) > To fight energy poverty in the remote off grid communities > To raise levels of socioeconomic development and improve rural households livelihoods by increasing access to electricity and income generating activities in rural areas. Consolidating Lessons Understanding Needs Study Comparative study REP Models Policies Flagship Program Concept Note Partnerships Countries Financing Pakistan Nigeria Methodology Costs Malaysia Turkey

18 IDB Grameen Social Business Initiative Strategy Invest in Social Businesses that benefit the poor Making available essential services and products, at affordable prices This is a profit making but not profit taking initiatives, with the aim of becoming financially sustainable Funding & Priorities IDB will provide US$ 10 million while Grameen Trust will contribute a token amount of US$ 10,000 equity participation Areas of priority will be the Health Care for the Poor, Clean Drinking Water, Production Materials for the enterprising poor

19 Other Programmes ISFD/HDE Djibouti Burkina Faso Benin Guinea Alliance for blindness Control Niger Camero n Mali Chad ISFD/AGR Scaling up the Millennium Villages Project Uganda Senegal Mali Nigeria ISFD/AGR UN Drylands Initiative Ethiopia Kenya South Sudan Djibouti Uganda Somalia ISFD/HDE Maternal and Child Health

20 ISFD Portfolio (27 Projects in 20 Countries) Education 13% Health 5% Energy 4% Agriculture & Rural Development 5% Multi Sector 31% Asia, 7,000,000, 4% CIS, 27,000,000, 18% Middle East, 19,830,000, 13% Africa, 96,083,000, 64% Microfinance 42% Europe, 1,000,000, 1% ISFD Financing 156,013,000 IDB Financing 418,400,000 Partner Financing 280,652,000 Total Financing 855,065,000 Region No. of Projects Total Amount (US$) Africa ,245,000 Europe 1 6,000,000 CIS 4 141,680,000 Asia 1 212,000,000 Middle East 4 127,140,000 Total ,065,000

21 Strategic Partnerships WCMP WAMY WB EI & MDGC QRCS BADEA

22 And whoso saveth the life of one, it shall be as if he had saved the life of all mankind Quran (5, 32). Thank You! The measure of life is not its duration BUT its donation!