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Externally, we continued to engage with multiple stakeholders, new and old, to enhance collaboration and strengthen commitments in tackling global issues and innovating multi-faceted solutions. This includes, for example, signing agreements with the Malaysia EXIM Bank, the Saudi EXIM BANK, and the Trade Development Bank (TDB) on pipeline sharing and co-financing and numerous strategic consultations and workshops with development finance institutions (DFIs), multilateral development banks (MDBs)
and Islamic financial institutions (IFIs) including the Asian Infrastructure Investment Bank (AIIB), the International Financial Corporation (IFC), the United Nations Development Program (UNDP), and Saudi Arabia’s National Development Fund (NDF) and
Public Investment Fund (PIF) on opportunities for enhanced cooperation.
Tracking our development impact
On the sustainability front, the pandemic has had a positive influence on our ongoing sustainability journey, as it inspired a re-evaluation of what is important to
us, and our role in managing bigger issues across the globe. We are of course deeply rooted in communities where we have a presence, and continuously work
with partners to improve lives and promote sustainable development. Our latest Annual Development Effectiveness Survey results revealed that ICD’s respected clients and partners supported over 74,000 jobs, while a total of 4,742 SMEs benefited from ICD’s financing activities. ICD-supported projects also resulted in export sales and tax revenue generation totalling USD 74.49 million and USD 72.83 million respectively
in member countries, with USD 2.31 million spent on community development.
As testament to
our steadfast commitment in advancing the sustainability agenda, ICD joined the SDG Finance Advisory Board for the Global Councils on SDGs
in September 2021.
I am also proud to share that as testament to our steadfast commitment in advancing the sustainability agenda, ICD joined the SDG Finance Advisory Board
for the Global Councils on SDGs in September 2021. The Global Councils on SDGs aims to give visibility to the best approaches and ideas vetted by practitioners. With one Council per goal, members are a unique interdisciplinary network of international decision makers. Councils work to first identify major bottlenecks in the delivery of results on the SDGs on a national
and global level, and then the solutions – potential policies, technologies, and resource allocations – to unblock progress towards 2030. With a new term
for 2021-2023 in place and as a member of the SDG Finance Advisory Board, ICD will be assisting in the design, implementation and scale-up of the initiatives launched by the other SDG councils by offering them the opportunity to tap into the knowledge and networks of members, and to mobilize funding sources to enable and optimize the target outcome of these initiatives.
8 ICD ANNUAL REPORT 2021