Page 48 - ICD-AR22-English

Ultimately, the use of the SAAU Framework has allowed ICD to:
• Ensure that every facet of ICD activities or operations do not directly or indirectly hinder progress towards the SDGs;
• Finance activities and entities that contribute substantially to meeting the 2030 targets; and
• Deconstruct and rethink ICD activities with the sole purpose of contributing to the SDGs.
Supporting the FinTech Industry
• In 2022 ICD contributed to the FinTech industry by organizing FinTech CEOs Roundtables in Egypt, Uzbekistan, and Türkiye. Additionally, it developed and published the FinTech Market Entry Report for four countries: Azerbaijan, Türkiye, Albania, and Bosnia & Herzegovina.
• In collaboration with Pearl Initiatives, ICD organized four events for FinTech start-ups to highlight the importance of corporate governance. ICD also developed a report on corporate governance for start-ups based on various interventions with FinTech start-ups.
Supporting entrepreneurship
IT IS HOPED THAT IMPROVING PEOPLE’S UNDERSTANDING OF THE FINANCIAL SYSTEM WILL EQUIP THEM WITH SKILLS FOR EFFECTIVE MONEY AND DEBT MANAGEMENT.
bootcamps and hackathons to prepare
young entrepreneurs for translating their business ideas into commercial and bankable businesses. The interventions exposed the young entrepreneurs to a variety of skillsets that will allow them to successfully set up their own businesses and build their capacities in many aspects of business, thereby making their start-ups more sustainable and profitable.
Supporting the financial inclusion agenda
• In 2022, ICD focused on the financial inclusion agenda by organizing financial literacy workshops in three member countries: Egypt, Nigeria and Saudi Arabia. The workshops reflected ICD’s belief in the importance of financial literacy
in improving individuals’ living standards.
• ICD also translated a book titled “Financing our common future” into Arabic in order to help individuals learn more about money and the world of finance. It is hoped that improving people’s understanding of the financial system will equip them with skills for effective money and debt management, improving their financial security and ultimately their living standards and prosperity.
ICD Financial Literacy Platform
• ICD’s Financial Literacy Platform will improve the inclusion of individuals and MSMEs
in the digital economy. The platform aims
to encourage financial service providers, especially FinTech companies, to extend affordable and easy access to financial services. Additionally, the platform offer access to financial educational resources and opportunities.
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In partnership with JPMC Foundation,
ICD contributed to women’s empowerment by developing a women entrepreneurs’ incubation program. The incubation program was designed to develop entrepreneurial skills among women in the fashion industry in Saudi Arabia.
In 2022, ICD – in partnership with many organizations – supported entrepreneurship by jointly organizing workshops, webinars,
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ICD ANNUAL REPORT 2022