Page 49 - ICD AR21 EN

USD 1.27 billion
In 2021, the Coalition jointly reached a third of its USD 4 billion target
SME Finance Forum (SMEFF) – ICD joined the SME Finance Forum global membership network in 2020. The
SMEFF brings together a global network that includes more than 200 banks, non-bank financial institutions, Fintechs, and development banks from around the world to support SMEs through knowledge exchange, policy change, and impactful partnerships. ICD is also a member of the recently launched SME Finance Virtual Marketplace which promotes partnership with leading fintech, financial institutions, and investors. In 2021, ICD attended several Virtual Marketplace sessions and presented an overview on ICD’s products and offerings. In addition, the CEO of ICD contributed a video about the importance of SME Green Finance which was showcased at the Global SME Finance Forum 2021.
Africa Investment Forum (AIF) Partners meeting – ICD was nominated to represent the Islamic
Development Bank (IsDB) Group in the AIF platform throughout 2020 and 2021 and has actively engaged with AIF founding members and project sponsors
for co-financing deals originated by the AIF deal development platform. In 2021, ICD and other AIF partners worked on the establishment of a Deal Development Network (DDN). The DDN will be a platform established under the auspices of the AIF with the overarching objective of progressing projects from concept stage to bankability. The DDN will
also sharpen the focus of the AIF partners and mainstream this critical activity which has the potential to unlock significant development impacts on the African continent.
Coalition for a sustainable and inclusive recovery for the private sector. Since November 2020, ICD has been part of a coalition in partnership with the African Development Bank, the West-African Development Bank, FinDev Canada, the U.S. Development Finance Corporation, and the Association of European Development Financial Institutions on behalf of all of
its member institutions: BIO (Belgium), BMI (Belgium), CDC (UK), Cofides (Spain), DEG (Germany), Finnfund (Finland), FMO (The Netherlands), IFU (Denmark), Norfund (Norway), OeEB (Austria), Proparco (France), Sifem (Switzerland), Simest/CDP (Italy), Sofid (Portugal), and Swedfund (Sweden). In 2021, the Coalition jointly reached a third of its USD 4 billion target. Over the period, signatories have collectively committed
USD 1.27 billion in financing towards MSMEs in Africa, and combined support via technical assistance which has reached more than USD 7 million. As part of
efforts to reach the USD 4 billion target for dedicated financing to MSMEs in Africa, ICD has participated in developing the annual report of the Coalition and shared information on its contribution to the African continent.
The SMEFF
brings together a global network that
includes more than
200 banks, non-bank financial institutions and Fintechs.
ICD SYNERGIES AND PARTNERSHIPS
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