Page 20 - ICD AR21 EN

FIGURE 2.4: SECTORAL ALLOCATION OF DISBURSEMENTS: 2021 FINANCE
2.3 HIGHLIGHTS SINCE
INCEPTION
Since inception, ICD has delivered more than USD 7.08 billion in cumulative approvals and more than USD 3.75 billion in disbursements for private sector development
Since ICD’s establishment in 1999, it has approved 505 projects, valued at USD 7.08 billion. ICD approvals support a wide array of industries including finance, infrastructure, agriculture, manufacturing and
energy, with investment operations present in
50 member countries.
Our approvals include:
• 116 Line of Finance projects valued at
USD 3.05 billion
• 228Term Finance projects valued at USD 2.45 billion
• 146 Equity projects valued at USD 1.05 billion
• 15 Funds projects valued at USD 532.85 million
To date, 77.58% of approvals have been allocated to credit financing (term finance plus line of finance), followed by 14.89% in equity participation (institutional equity and corporate equity), and the remaining 7.52% in funds.
By far, the largest share of approvals was allocated
to the finance sector (excluding funds) which is the intermediation of SME finance, representing 51.20%
of gross approvals (USD 3.63 billion) to date. The industrial and mining sector takes up the second largest share (18.86%) with a gross approved amount of
USD 1.34 billion. This is followed by funds with 7.52%, and real estate, energy, health and other social services, transportation, information and communication, and trade,accountingfor21.37%ofgrossapprovals.The remaining USD 74.38 million, representing 1.05% of cumulative approvals, is allocated to three economic sectors: agriculture, education, and water, sanitation and waste management.
62.25%
ENERGY
13.80%
INDUSTRY & MINING 4.79%
TRANSPORTATION
19.17%
The Bridge platform
was also established to help in reducing the
digital divide in member countries.
On disbursements, total distribution for the year totalling USD 208.71 million (2020: USD 135.48 million) was mainly in high-impact sectors such as finance (62.25%), transportation (19.17%) energy (13.80%) and industry and mining (4.79%). Overall, the disbursement- to-approval ratio stood at 85.68%, improving significantly compared to the previous year (44.18%).
In order to further improve the operating model and to ensure financial sustainability, ICD continued its efforts to enhance its fee-based revenue generation activities and signed three new sukuk mandates as well as two new advisory transactions involving the establishment of Islamic banking windows in Senegal and Mali. The Bridgeplatformwasalsoestablishedtohelpinreducing the digital divide in member countries and to create a more innovative, efficient and financially sustainable organization with a large network of partner financial institutions for the purpose of mobilizing additional resources and cross-border investment.
18 ICD ANNUAL REPORT 2021