Page 45 - ICD AR21 EN

ICD engages with numerous stakeholders with the aim of greater private sector involvement in global development.
4.1 ICD’S SYNERGIES AND COLLABORATION EFFORTS IN 2021
Exiting the pandemic and focusing on a full economy economic recovery requires cooperation with the global community. At ICD, we believe that partnerships and multilateral cooperation are essential in order to anticipate and respond adequately to current and future global development challenges.
In 2021, ICD capitalized on its established network of partnerships which include multilateral development banks, development finance institutions, sovereign wealth funds, financial institutions, central banks and technical advisors. The development of the private sector through the provision of financing solutions and the contribution to the SDGs are key priorities for ICD. Throughout 2021, ICD identified several partners with similar mandates and objectives, and it has established strategic partnerships and many collaborative efforts that will help us achieve lasting synergies.
• IsDB Group Synergy Enhancement: “One Group, One Goal” - Group Synergy was recognized as an area requiring greater focus and as a pivotal guiding principle in implementing the 10-Year Strategy 2016-25 (10YS) of the Bank. Throughout 2021, ICD has been actively involved in the Group Executive Coordination (GEC) Team and the Group Synergy Facilitation Team (GSFT) to draft, review and implement the Group Synergy Enhancement Agenda of the Islamic Development Bank Group.
• Technical Coordination Committee (TCC) and
its achievements to date. ICD has been working very closely with entities within the IsDB Group, namely ITFC and ICIEC, to foster greater intra-group partnerships and cooperation. This was achieved through regular TCC meetings and Entities’ CEOs Meetings. In 2021, ICD, ITFC and ICIEC agreed to implement joint Key Performance Indicators (KPIs) in order to drive stronger engagements and an increased volume of co-financing activity between group entities. 2021 was a successful year for TCC, in terms of engagements, shared deal pipeline
and approvals. After assuming a very successful chairmanship of the TCC CEO’s Meetings in 2021, ICD’s CEO transferred the chairmanship to the CEO of ICIEC in 2022.
ICD SYNERGIES AND PARTNERSHIPS
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