islamic development bank 0 cairo, egypt the role of the islamic development bank in financing...
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I s l a m i c D e v e l o p m e n t B a n K 1
Cairo, Egypt
The Role of the Islamic Development Bank in Financing Transport
Infrastructure and Improving Road Safety
‘together we build a better future’
24 October 2011
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I s l a m i c D e v e l o p m e n t B a n K 2
Presentation Outline
• Snapshot on IDB• Volume and distribution of IDB financing• Transport Strategy• New Commitment to Road Safety• Available windows for financing road safety
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I s l a m i c D e v e l o p m e n t B a n K 3
Islamic Development Bank (IDB) Group
Islamic Development Bank (IDB)
Foster the economic development and
social progress of MCs and Muslim
communities.
International Islamic Trade Financing
Corporation (ITFC)Promote and enhances intra-trade and trade cooperation through
trade finance and promotion programs
Islamic Corporation for the Development of the Private Sector
(ICD)Promote development
of private sector development.
Islamic Research & Training Institute
(IRTI)Undertake applied &
basic research in Islamic Economics and
Finance.
Islamic Corporation for Insurance of Investment &
Export Credit (ICIEC)Provide Shariah-
compatible export credit insurance,
political risk insurance, technical assistance.
The IDB Group
Shari’ah Compliance
1975 1981 1994 1999 2008
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I s l a m i c D e v e l o p m e n t B a n K 4
• Jeddah, Kingdom of Saudi Arabia
• Regional Offices: Kazakhstan, Malaysia, Morocco and Senegal
• Field Representatives in several Member Countries
• AAA Rating by Moody’s, Fitch, and S&P. Zero-Risk Rating by the European Commission
“We are committed to alleviating poverty; promoting human development, science & technology, Islamic banking & finance; and enhancing cooperation amongst member countries, in collaboration with our development partners”
• Human Development
• Agricultural Development & Food Security
• Infrastructure Development
• Private Sector Development
• Intra-Trade among Member Countries
• R&D in Islamic Banking & Finance
As of 17 December 2009
Authorised Capital : US$ 46.0 bn
Rated : Aaa/AAA/AAA
Paid up capital of US$5.5 bn*
Member Countries : 56
Total Employees : 1,014
Total Assets : US$ 13.1 bn
Sub-Saharan Africa – 22 Middle-East & North-Africa – 19
South & South-East Asia – 8Central Asia –7
Paid-up Capital : US$ 5.5 bn
ISLAMIC DEVELOPMENT BANK
Snapshot
Mission Statement
IDB Scorecard
Priority Areas
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I s l a m i c D e v e l o p m e n t B a n K 5
* Excluding operations of ICIEC & ICD
Aggregate IDB Group Financing (1975- 2010)
Net Approved IDB Financing: US$ 63.9 bn * Cumulative Sectoral Distribution
Energy, 36%
Transport & Coms; 31%
Indus-try, 12%
Agricul-ture, 11%
Social, 6% Other, 4%
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I s l a m i c D e v e l o p m e n t B a n K 6
Trends in OCR Approvals 1396H-1431H
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1396
1397
1398
1399
1400
1401
1402
1403
1404
1405
1406
1407
1408
1409
1410
1411
1412
1413
1414
1415
1416
1417
1418
1419
1420
1421
1422
1423
1424
1425
1426
1427
1428
1429
1430
1431
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
US$
Mill
ion
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I s l a m i c D e v e l o p m e n t B a n K 7
Aggregate Infrastructure Financing (1975-2010):Sectoral Distribution
US$ 15,520 m Net Approved Financing*
* Total Approvals less Cancellations
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I s l a m i c D e v e l o p m e n t B a n K 8
Aggregate Infrastructure Financing (1975-2010): Geographic Distribution
US$ 15,520 m Net Approved Financing*
* Total Approvals less Cancellations
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I s l a m i c D e v e l o p m e n t B a n K 9
IDB and Transport Projects Financing
Airports, 501, 8% Ports,
1020, 16%
Multimod, 171,
3%
Railway, 1215, 19%
Roads & Highway,
3500, 54%
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I s l a m i c D e v e l o p m e n t B a n K 1 0
Transports Projects Operations
Country No. Operations Amount ($, mi.) % of total Portfolio
Bahrain 3 144.7 16
Egypt 2 25.6 3
Iraq 0 0 0
Jordan 10 194.4 24
Kuwait 0 0 0
Lebanon 6 110 16
Oman 8 147.4 28
Palestine 1 5 6
Qatar 0 0 0
Saudi Arabia 1 105 16
Sudan 10 203.1 21
Syria 0 0 0
UAE 1 60 42
Yemen 7 69 22 10
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I s l a m i c D e v e l o p m e n t B a n K 1 1
IDB’s Transport Strategy
A comprehensive strategy implementation framework for the period 1431H-1433H has been prepared by IDB with a focus on:
Financing of Regional Infrastructure Projects.
Promotion of Trade among member countries.
Promotion of Cross-Border investment and flow of investment among MCs.
Capacity Building for Economic Integration Infrastructure.
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I s l a m i c D e v e l o p m e n t B a n K 1 2
Road Safety in IDB Financings
• Historically: Minimum consideration as part of Road Project Financing (safe road design).
• November 2009: Commitment along with 6 others MDBs (WB, ADB, AfDB, IaDB, EIB & EBRD) on a Shared Approach to Managing Road Safety:– Improving road safety is a development priority in
developing and emerging countries.– Scale up global, regional and country responses to bring the
growing numbers of road deaths and injuries toll under control.
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I s l a m i c D e v e l o p m e n t B a n K 1 3
MDBs Shared Approach to Managing Road Safety
• The measures to be carried out fall into four broad categories:– Strengthening road safety management capacity;– Implementing safety approaches in the planning,
design, construction, operation, and maintenance of road infrastructure projects;
– Improving safety performance measures (data, indicators, analyses, etc.); and
– Mobilizing more and new resources for road safety.
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I s l a m i c D e v e l o p m e n t B a n K 1 4
IDB’s Action Plan on Road Safety
• Build internal capacity and awareness.• Coordinate interventions and share experience with
the other MDBs.• Propose to include road safety in Policy Dialogue
with Member Countries & in Country Programming.• Include Road Safety audits as part of road
development projects.• Propose TAs to focus on institutional arrangements
and capacity building in MC.
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I s l a m i c D e v e l o p m e n t B a n K 1 5
Available Windows for Road Safety Financing
• Regular Project Financing• Technical Assistance• Technical Cooperation Program• Non-Government Organizations (NGO)
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I s l a m i c D e v e l o p m e n t B a n K 1 6
Project Financing
• As part of the formulation of a road project to be financed, may include road safety components:– Road Safety Audit– Training – Sensitization Campaign
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I s l a m i c D e v e l o p m e n t B a n K 1 7
Technical Assistance
• Institutional Arrangements including diagnosis of country conditions in terms of existing responsible agencies, legislation, road safety strategies and programs, funding, monitoring and evaluation of safety performance, etc.
• Capacity Building in terms of road safety data collection and analysis, research and awareness campaigns.
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I s l a m i c D e v e l o p m e n t B a n K 1 8
Technical Cooperation Program
• Tripartite scheme: Beneficiary Country, Donor Country (Expertise) and IDB as Facilitator/Financier
• Grant financing• Recently, annual budget of $5 million• 3 vehicles:– Provision of an Expert (maximum of 6 months, $25,000)– On the Job Training / Study Visit (max. 4 months, $25,000)– Conference & Seminar (max. 5 days, $60,000)
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I s l a m i c D e v e l o p m e n t B a n K 1 9
NGOs
• Make funds directly available to Road Safety NGOs (Grant)
• Capacity Building operations: training, equipment, support to activities (maximum $100,000)
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I s l a m i c D e v e l o p m e n t B a n K 2 0
THANK YOUFor your attention!
عليكم والسالم شكرا