2022 Evaluation Report is Out, Reveals Remarkable Improvement in Project Quality
The Islamic Development Bank (IsDB) has unveiled its Annual Evaluation Report 2022, showcasing remarkable improvement in project quality. The report, prepared by the Independent Evaluation Department (IEvD), encapsulates the evaluations of IsDB interventions conducted throughout 2022.
Riyadh Declaration charts the path forward as IsDB marks its Golden Jubilee
The IsDB Board of Governors marked the 50th anniversary of the Islamic DevelopmentBank in 2024 by adopting the Riyadh Declaration. This historic declaration celebratesthe IsDB’s legacy, reaffirms its ethos, and clarifies its vision for the future.The IsDB Group – including the Islamic Development Bank Institute, IslamicCorporation for the Development of the Private Sector, Islamic Corporation forInsurance of Investment and Export Credit, International Islamic Trade FinanceCorporation, and Islamic Solidarity Fund for Development – has a rich history ofdelivering diverse and value-added products and services to our 57 member countries,covering a fifth of the world’s population.As the Riyadh Declaration makes clear, the IsDB is guided by “the fundamentalprinciples of our Ummah and the national priorities of our countries, stemming fromIslamic solidarity and international cooperation”. As a leading internationaldevelopment institution in Islamic finance, our role is unique.We are a role model of South-South cooperation, in which wealthier member countriessupport their lower-income counterparts. We understand the importance of working indiverse sectors – from infrastructure to education, health and humanitarian relief, withmany of our member states being especially vulnerable to climate change.With operating assets of more than US$25 billion, subscribed capital of US$70 billion,and an AAA credit rating, the IsDB is a powerful player in promoting humandevelopment and empowering people to reach their potential.As the world changes, however, the IsDB cannot rest on its achievements. The RiyadhDeclaration comes in the midst of a strategic realignment prompted by “dramatic andunfavorable” developments in the context for progressing development across theMuslim world, from the aftermath of the pandemic to the conflict between Russia andUkraine.As H.E. Dr. Muhammad Al Jasser, the President of Islamic Development Bank, points out,“Inequality is widening by the day… The number of people who fell into extreme povertyfollowing the devastating effect of COVID-19 is enough of a nightmare for everydevelopment practitioner.”The Strategic Realignment Information Report sets out how the IsDB is flexibly andadaptably learning lessons, from the potential of digital technologies to the need for civilsociety and the public and private sectors to work together on addressing socio-economic vulnerabilities. In the coming years, we will focus on three strategic objectives – boosting recovery,tackling poverty and building resilience, and driving green economic growth – based ontwo key pillars: green, resilient, and sustainable infrastructure, and inclusive humancapital development.While updating its strategy, the IsDB’s Information Report reaffirms the continuedrelevance of the IsDB’s vision: “To become a world-class development bank, inspired byIslamic principles, that helps to significantly transform the landscape of comprehensivehuman development in the Muslim world and to protect its dignity.”As the Riyadh Declaration notes, the pursuit of this vision in preceding decades has ledto accumulated achievements that can now be leveraged – from promoting economiccooperation to building capacities and embracing innovation.Looking to the future, the Riyadh Declaration calls on IsDB leaders to increaseconcessional financing by balancing the growth of IsDB’s operations with its financialsustainability, and to pursue partnerships that can mobilize complementary resourcesfrom official donors and the private and third sectors.The Declaration calls attention to the IsDB’s potential to consolidate its strategicpositioning in both the Islamic financial sector and the South-South cooperation arena.Realizing the promise outlined by the Declaration will require ongoing commitment tothe four guiding principles set out in the Strategic Realignment: being responsive to theneeds of member countries; empowering IsDB staff, alongside ensuring accountability;enhancing the results culture of the organization; and leveraging the synergy betweenthe six entities that comprise the IsDB Group.Despite recent challenges, the ethos of the IsDB remains as powerful as ever. As H.E. Dr.Muhammad Al Jasser, puts it: “No development challenge is insurmountable… we havea chance to change the story by pushing a global economic agenda that contributes tofreeing the poor from the throes of poverty to bask in the glow of prosperity.”
Sustainable Development in Action: IsDB's Strategic Response to Climate Change Challenges
Overview Climate change is one of the most critical challenges of our time, significantly impacting vulnerable communities and ecosystems worldwide. The Islamic Development Bank (IsDB) prioritizes climate action by investing in high-impact projects across sectors like renewable energy, climate-smart agriculture, sustainable transport, water, and sanitation. However, if climate-related risks are not adequately addressed, development outcomes could be disrupted or reversed. The Bank addresses climate change through adaptation-driven and resilience-focused investments, while recognizing opportunities for both developed and developing member countries (MCs) by combining greenhouse gas emission mitigation with sustainable development, aligning with the Sustainable Development Goals (SDGs) and the Paris Climate Agreement. The IsDB ensures that projects contribute to sustainable development and minimize adverse environmental and social impacts through its Environmental and Social Safeguards Policy (ESSP). IsDB Climate Policy & Action Plan In 2019, the IsDB Board of Executive Directors (BED) approved the Climate Change Policy, which aligns with the MDBs’ Common Principles for Climate Finance Tracking. In 2020, the Bank launched the Climate Change Action Plan (2020–2025), detailing the implementation of IsDB's climate mandate in line with the Paris Agreement. This plan outlines the Bank's climate finance target of 35% by 2025. From January 2024, the IsDB committed to aligning all its sovereign operations with the Paris Agreement, using a common framework with other MDBs. This commitment involves systematically assessing investments to support goals such as reducing global temperatures and enhancing resilience in its MCs. Climate considerations have been integrated into the Bank's sector policies, including agriculture, energy, transport, health, and urban development. At COP28, the Bank introduced the Just Transition Conceptual Framework to support MCs in transitioning to low-emission, climate-resilient development paths in an inclusive and transparent manner, adhering to Islamic financing principles. Supporting IsDB Member Countries through Climate Mainstreaming. The shift towards green, low-carbon development requires IsDB MCs to formulate national and sectoral strategies. The IsDB collaborates with MCs on capacity building, supporting the development and implementation of Early Warning Systems and climate strategies, including Nationally Determined Contributions (NDCs), Transition Plans, Technology Needs Assessments (TNA) and National Adaptation Plans . Climate action has also been integrated into the IsDB’s Member Country Partnership Strategy (MCPS) and Country Engagement Frameworks (CEFs). In addition to climate finance, the IsDB supports MCs through institutional strengthening, partnership building, and leveraging resources from private and multilateral partners. As an accredited entity of the Green Climate Fund (GCF) and through access to other initiatives such as the NDC Partnership, the German International Climate Initiative or the Systematic Observations Financing Facility (SOFF), the IsDB mobilizes funds for climate projects. The Bank also fosters knowledge exchange, particularly on the intersection of climate change and Islamic finance, collaborating with partners like the International Labor Organization (ILO), United Nations Development Programme (UNDP), United Nations Environment Programme Finance Initiative (UNEPFI), and Islamic Development Bank Institute (IsDBI). Environmental and Social Safeguards The ESSP guides the IsDB in managing environmental and social risks in its projects. All projects undergo Environmental and Social Impact Assessments (ESIA) when relevant to identify potential risks and develop mitigation strategies. The policy aims to prevent and mitigate adverse environmental and social impacts, focusing on labor standards, cultural heritage, gender issues, and more. Inclusive approaches, institutional capacity-building, and accountability are key elements of the ESSP. A dedicated team ensures the policy's implementation, monitoring, and reporting throughout the project cycle. IsDB Partners for Climate Action, Environment, and Social Impact The IsDB collaborates with a broad range of stakeholders on climate change, nature-positive investments and environmental safeguards. Its partnerships include national and local governments, MDBs, bilateral financial institutions, UN agencies, private sector institutions, research centers, and civil society organizations. These partnerships enhance the Bank's ability to support its MCs in achieving sustainable development goals. The Islamic Development Bank’s proactive approach to climate change, combined with its rigorous environmental and social safeguards, underscores its commitment to sustainable development. By integrating climate considerations into its operations, the IsDB helps member countries develop resilient, low-carbon economies, addressing both immediate challenges and long-term global sustainability goals. As a signatory of the Joint MDB Statement on Nature, People and Planet, and through its work with the joint MDB Working Group on Nature, the Bank is initiating the integration of nature in its investments, which will help its member countries fulfill their commitments under the Kunming-Montreal Global Biodiversity Framework (GBF). For further details on the IsDB's climate initiatives and policies, refer to the IsDB climate change website.
The Islamic Development Bank (IsDB) has unveiled its Annual
The IsDB Board of Governors marked the 50th anniversary of the
Overview Climate change is one of the most critical challenges of
IsDB Group
We Are Proud to Serve
WE ARE PROUD to reach the lives of 1 in 5 of the world’s population.
OUR MISSION IS TO ENHANCE LIVES THROUGH THE PROMOTION OF SOCIAL AND ECONOMIC DEVELOPMENT ACROSS OUR 57 MEMBER COUNTRIES IN FOUR DIFFERENT CONTINENTS AND MUSLIM COMMUNITIES GLOBALLY, DELIVERING WIDESPREAD AND MEANINGFUL IMPACT.
Our approach is grounded in the belief that every individual has the right to a dignified and prosperous life, with sustainable economic growth being the most effective way to alleviate poverty.
WE STAND AT THE FOREFRONT OF ISLAMIC FINANCE WITH A TOP-TIER AAA RATING, OVER USD 16 BILLION IN ACTIVE PROJECTS, AND A SUBSCRIBED CAPITAL BASE OF USD 70 BILLION, ENSURING SUSTAINABLE IMPACT ACROSS THE GLOBE.
Our world-class development bank, inspired by Islamic principles, significantly transforms the landscape of comprehensive human development in the Muslim world, restoring dignity and bringing prosperity.
Our Projects at a Glance
Feature and human interest stories
Find wide range of insights tackling various topics related to SDGs.
Social safety nets are vital mechanisms for preventing vulnerable segments of society from falling into poverty and to provide foundations for long-term sustainable development. Elements of safety nets include development of public infrastructure, such as roads and water resources, education and healthcare programmes, and microfinance initiatives aimed at supporting the development of small and microenterprises.
Between 2012 and 2015, The Islamic Development Bank (IsDB) provided financing for the energy sector, supporting four renewable-energy development projects and six energy-efficiency projects.
The project, which was supported by the Islamic Development Bank (IsDB), constructed boreholes, water treatment and storage infrastructure, and distribution pipes across the Thies and Fatick districts of Senegal. This has brought clean, safe water to hundreds of remote villages, where previously people were forced to use dirty, salty water drawn from wells.
Events
Events
Session I4: Country-Level Development Solutions
ISDB Event
Events
Events
Test Upcoming Events
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet ut et voluptates repudiandae sint et molestiae non recusandae.
Events
Events
Events
event test by shahd event test by shahd event test by shahd event test by shahd event test by shahd event test by shahd event test by shahd event test by shahd event test by shahd event test by shahd event test by shahd end
Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary Brief Summary Brief Summary Brief SummaryBrief SummaryBrief Summary Brief Summary
President
Read More
Dr. Al Jasser was elected by the IsDB Board of Governors in early July 2021 to lead the AAA-rated institution for five years. He assumed office as Chairman of the Islamic Development Bank Group on August 9, 2021. He served as the Minister of Economy and Planning and Governor and Board Chairman of the Saudi Arabian Monetary Agency. Now the Saudi Central Bank-SAMA.
I would like to emphasize the strong commitment of the IsDB group to deepen its partnership with KAUST. Through this strategic collaboration, we will capitalize on the university's expertise to create innovative and sustainable solutions to the challenges of economic resilience, green economy transition, and digital applications".
H.E. Dr. Muhammad Sulaiman Al Jasser