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ICD SYNERGIES AND PARTNERSHIPS
ICD INITIATED AND SIGNED MULTIPLE AGREEMENTS WITH NEW PARTNERS
IN 2022.
Newly established Partnerships and MoUs
ICD initiated and signed multiple agreements with new partners in 2022. This included a Lines of Finance for Africa and Asia agreement with the Arab Fund for Economic and Social Development (Arab Fund), and an agreement with Africa Finance Corporation (AFC) on pipeline sharing and co- financing. ICD had active engagements with multiple MDBs and DFIs, and an MoU for co- financing with Abu Dhabi Islamic Bank Egypt.
In-depth review of Partnership MoU
and Action Plans with partner MDBs/DFIs
In coordination with the IsDB, ICD carried
out an in-depth review of the following Partnership MoUs: i) African Development Bank - IsDB Group MoU; ii) Asian Development Bank - IsDB Group Framework Cooperation and Co-financing Agreement; iii) Inter-American Development Bank - IsDB Group MoU, and iv) BADEA
- IsDB Group MoU.
4.2 Strategic consultations and workshops with DFIs, MDBs and IFIs on opportunities for enhanced cooperation
In 2022, ICD’s Partnership Unit successfully organized and participated in several partners’ consultations and workshops including the following:
Asian Infrastructure Investment Bank (AIIB)
In September 2022, ICD organized a workshop with AIIB where ICD's Infrastructure Corporate Finance and Lines of Finance teams and AIIB Infrastructure Investment Department shared their experiences
in common member countries in the Asia and Africa regions. Both teams also discussed the structure
of their products and co-financing opportunities.
The Arab Bank for Economic Development in Africa (BADEA)
In May 2022, ICD organized a workshop with BADEA at ICD’s headquarters with the participation of the Risk Management, Compliance, Internal Audit, and Legal teams. The workshop covered ICD’s and BADEA’s risk management structure
REINVIGORATING THE PRIVATE SECTOR TO SHAPE A BETTER FUTURE 31