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ICD SYNERGIES AND PARTNERSHIPS
4. ICD Synergies and Partnerships
ICD engages with numerous stakeholders with the aim
of increasing the role of the private sector in addressing global development challenges.
4.1 Upholding the virtue of international cooperation
The IsDB Group member countries, along with
a significant number of other countries, continue to face development challenges such as food insecurity, climate change, poverty, gender and economic inequality, all of which are intensifying at unprecedented levels. These complex, interrelated challenges are impacting the lives
of the poorest the most, particularly in developing countries, and call for immediate and collective action with global partners to address them.
At ICD, we believe that effective multilateral partnerships and strong engagement with communities and relevant stakeholders are essential in the achievement of sustainable development. In this regard, the private sector
– with its innovative capacities and technological know-how, in addition to
its financing and investment contributions – plays an increasingly strategic role in delivering solutions that can change the world.
Over the course of 2022, ICD has 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. In line with our core mandate, ICD’s key priorities are to develop the private sector through the provision
of financing solutions and thereby to contribute to the SDGs. Thus, ICD identified several partners with similar mandates
and objectives, and we have established
a number of strategic partnerships and collaborative efforts that will help us achieve lasting synergies.
REINVIGORATING THE PRIVATE SECTOR TO SHAPE A BETTER FUTURE 27