Page 47 - ICD AR21 EN

ICD SYNERGIES AND PARTNERSHIPS
National Development Fund (NDF), Kingdom of Saudi Arabia - In February 2021,
ICD organized a consultation session with the NDF, attended by the Leadership teams of NDF and ICD. During the session, NDF provided some background on the status and strategy of the National Infrastructure Fund (NIF) and discussed avenues of potential cooperation between ICD and NDF. Subsequently,
in November 2021, ICD organized a consultation session between NDF and ICD’s Development Effectiveness team to discuss the establishment of impact assessment frameworks and the methodologies used in MDBs for development impact assessment. During the session, ICD shared its experience and methodology to assist NDF in developing an Impact Assessment Framework to assess and monitor the impact of NDF’s lending and supporting activities
on the Saudi economy.
International Financial Corporation (IFC) MENA - ICD and IFC jointly
organized two successful workshops in February
and April 2021 with the participation of senior representatives from MENA debt and equity operations. During the first session, the teams showcased their institutions’ capabilities and identified partnership opportunities. IFC and ICD Teams identified three partnerships tracks; namely, infrastructure and corporate finance, on-lending to financial institutions, and joint equity investments. In April 2021, additional workshops were held with the Equity and Infrastructure Corporate Finance Teams and IFC’s MENA Team. ICD and IFC discussed pipeline and co-financing opportunities in several sectors including healthcare, education, manufacturing, and chemical fertilizers, and the possibility of sharing projects pipeline and introducing ICD to some of IFC’s partners.
Public Investment Fund (PIF) - In May 2021, ICD organized a workshop between ICD’s Equity and Infrastructure Corporate
Finance Teams and the Real Estate Investment Team at PIF. During the session ICD presented an overview of its offerings and PIF briefed ICD on its Giga Projects portfolio in Saudi Arabia. Subsequently, ICD, in close collaboration with PIF, organized several consultation sessions with the Leadership Teams of select Giga Projects owned by PIF to explore avenues of potential cooperation.
International Financial Corporation (IFC) Central Asia - ICD organized a
knowledge sharing session with the IFC Tajikistan Hub in November 2021. IFC and ICD shared their experience in the Central Asia region, including challenges and opportunities. ICD and IFC Central Asia Teams also discussed avenues of cooperation in Central Asia in financing infrastructure projects, and initiated transaction-level discussions in common member countries. Both ICD and IFC Central Asia Teams emphasized the importance of capitalizing on the increased demand for Islamic finance in the Central Asian region.
ICD organized
a knowledge sharing session with
the IFC Tajikistan Hub in November 2021.
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