compas 2013-2014

3

African Development Bank

Asian Development Bank

European Bank for Reconstruction and Development

Inter-American Development Bank Group

International Fund for Agricultural Development

Islamic Development Bank Group

World Bank Group

The Common Performance Assessment Systemof the Multilateral Development Banks

COMPAS 2013-2014

The Common Performance Assessment Systemof the Multilateral Development Banks

COMPAS 2013-2014


© 2015 by the International Fund for Agricultural Development (IFAD)

The opinions expressed in this publication are those of the authors and do not necessarily represent those of the International Fund for Agricultural Development (IFAD). The designations employed and the presentation of material in this publication do not imply the expression of any opinion whatsoever on the part of IFAD concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. The designations ‘developed’ and ‘developing’ countries are intended for statistical convenience and do not necessarily express a judgement about the stage reached by a particular country or area in the development process.

All rights reserved

ISBN 978-92-9072-455-1June 2015

3

Table of contents

Institutional profiles 4

African Development Bank 4

Asian Development Bank 7

European Bank for Reconstruction and Development 9

Inter-American Development Bank Group 11

International Fund for Agricultural Development 15

Islamic Development Bank Group 17

World Bank Group 20

4

Institutional profiles

African Development BankOperational highlightsIn 2013, total African Development Bank (AfDB) Group operations amounted to

4.39 billion units of account (UA), an increase of about 3.1 per cent from 2012.

African Development Fund (ADF) operations amounted to UA 2.27 billion, an

increase of about 20.1 per cent from 2012. AfDB operations declined by 12 per cent

to UA 1.83 billion in 2013, mainly because of economic and political disruptions

among key borrowers from the AfDB window. The Bank explored several options

for boosting business development, including amending the Bank’s credit policy to

provide low-income African Regional Member Countries (RMCs) with direct access to

the AfDB sovereign window under well stipulated conditions; scaling up public-private

partnerships and co-financing opportunities; and identifying new financing sources,

including equity, pension funds and the emerging economies.

Vision AfDB strives to be the leading development finance institution in Africa, dedicated to

providing quality assistance to African RMCs in their poverty alleviation efforts.

Mission AfDB’s mission is to spur sustainable economic development and social progress in its

RMCs, thus contributing to poverty reduction.

Members As of 31 December 2013, shareholders included 53 African RMCs and 25 non-regional

member countries from the Americas, Asia and Europe. On 29 October 2013, the

Republic of Turkey was formally admitted as a member country.

Offices At its annual meeting in May 2013, the Board of Governors approved the Roadmap

for the Bank’s return to headquarters. Staff are being relocated from Tunis, Tunisia to

Abidjan, Côte d’Ivoire during 2014. In 2013, the Bank group increased its field presence

in RMCs from 34 to 37 countries due the opening of customized liaison offices

in Benin, Guinea (Conakry) and Mauritania, although the number of field offices

remained unchanged at 31.

Staff As of 31 December 2013, AfDB’s total regular Staff was 2,026 employees, including

1348 professional staff and 678 general staff, of whom 38% is female.

5

Financial resourcesAs of 31 December 2013, the Bank had authorized capital of UA 66.98 billion

(approximately US$103 billion), subscribed capital of UA 65.21 billion (approximately

US$100.3 billion), paid-up capital of UA 4.96 billion (approximately US$7.6 billion),

callable capital of UA 60.25 billion (approximately US$92.7 billion), and total reserves

of UA 2.86 billion (approximately US$4.4 billion).

AfDB loan and grant approvals by sector, 2013 AfDB loan and grant approvals by subregion, 2013AfDB Loans and Grant Approvals by Sector, 2013

Multisector 12.6%

Transport 32.2%

Finance 8.1%

Environment 0.3%

Water supply andsanitation 8.4%

Agriculture 12.0%

Energy 16.0%

Communication 1%

Social 9.4%

North Africa 6.4%

East Africa 16.8%

Central Africa 6.8%

West Africa 27.8%

Multinational 24.8%

Southern Africa 17.3%

AfDB Loans and Grant Approvals by Sector, 2013

Multisector 12.6%

Transport 32.2%

Finance 8.1%

Environment 0.3%

Water supply andsanitation 8.4%

Agriculture 12.0%

Energy 16.0%

Communication 1%

Social 9.4%

North Africa 6.4%

East Africa 16.8%

Central Africa 6.8%

West Africa 27.8%

Multinational 24.8%

Southern Africa 17.3%

6

Main operational activities

2008 2009 2010 2011 2012 2013

Lending

Amount (UA million) 2 604.05 6 617.70 3 077.90 3 549.24 2 978.41 2 841.09

Number of operations 61 64 53 60 52 90

Grants

Amount (UA million) 566.19 887.96 596.6 578.71 623.05 697.03


Of which: Technical assistance



Project grants



Other grants

Amount (UA million) 96.59 604 14 309.23 133.89 265.55


Loans and grants subtotal



Other approvals

Amount (UA million) 358.49 558.84 425.25 1 592.34 652.29 847.66

Number of operations 49 67 113

Of which:

Equity participation



Guarantees

Amount (UA million) 24.89 11.55 - - - 431.65

Number of operations 3 2 - - - 6

TOTAL APPROVALS



7

Asian Development BankOperational highlightsThe Asian Development Bank (AsDB) continued to implement Strategy 2020 – its

paramount strategic framework to guide all operations to 2020 – and undertook

efforts to improve responsiveness, development effectiveness and accountability.

In 2013, AsDB’s operations totalled US$21.02 billion, of which US$14.38 billion

was financed by the bank’s ordinary capital resources and special fund resources and

US$6.65 billion by cofinancing partners. Sovereign operations, including official

and technical assistance cofinancing, totalled US$16.48 billion. Non-sovereign

operations, including cofinancing, totalled US$4.54 billion. Disbursements totalled

US$8.54 billion, a decrease of US$49.98 million (0.58 per cent) from 2012.

To increase its development effectiveness, AsDB reviewed its corporate results

framework – a performance management tool adopted in 2008 to help AsDB

monitor and improve its business practices to achieve the goals of Strategy 2020. It

adopted a revised framework in January 2013.

VisionAsDB envisions an Asia-Pacific region free of poverty.

MissionThe bank aims to help its developing member countries (DMCs) in the Asia and Pacific

region reduce poverty and improve the living conditions and quality of life of their

citizens.

MembersAsDB has 67 members: 48 from the Asia-Pacific region and 19 from other parts of the

world.

OfficesAsDB has its headquarters in Manila, the Philippines, with 29 resident missions and

3 representative offices in Tokyo (Japan), Frankfurt (Germany) and Washington, D.C.

(United States).

StaffAs of 31 December 2013, AsDB had 2,969 employees from 61 of its 67 member countries.

Financial resourcesAs of 31 December 2013, the bank had authorized stock of US$163.8 billion and

subscribed capital stock of US$162.8 billion. The Asian Development Fund had

US$34.04 billion, and other funds had US$42 million.

8

Distribution of AsDB lending by sector, 2013 Distribution of AsDB lending by country, 2013

Pakistan 11%

China, People’sRepublic of 15%

India 18%

Myanmar 5%

Philippines 7%

Uzbekistan 5%

Viet Nam 6%

Bangladesh 7%

Other DMCs 18%

Indonesia 8%

Distribution of AsDB lending by sector, 2012

Public sectormanagement 8%

Health andsocial protection 4%

Finance 4%

Energy 26%

Water supply andother municipalinfrastructure andservices 11%

Education 4%

Agriculture and naturalresources 5%Multisector 12%

Industry and trade 0%

Transport andICT 26%

Main operational activities 2008 2009 2010 2011 2012 2013

Lending

Number of projects 81 93 105 104 134 121

Commitments ($US million) 9 899 13 216 11 444 12 605 11 718 13 193

Disbursements ($US million) 8 515 10 099 7 516 7 722 8 592 8 542

Equity investments

Amount ($US million) 103 220 235 239 131 142

Number of investments 7 5 7 6 3 5

Grants



Technical assistance


Number of activities 298 313 243 212 237 250

Guarantees

Amount ($US million) - - 700 417 403 35

Number of operations - - 3 4 2 1

Trade Finance Facilitation Programa Supply Chain Financeb

Amount ($US million) - 850a - - 200b -

Direct value-added (DVA) cofinancing

Amount ($US million) 1 275 4 921 5 431 7 695 8 272 6 648


TOTAL OPERATIONS

including DVA cofinancing 12 174 20 333 18 967 21 718 21 571 21 023

9

European Bank for Reconstruction and Development Operational highlightsIn 2013, the European Bank for Reconstruction and Development (EBRD) signed

392 projects across 30 countries, nearly matching the record of 393 projects in 2012.

EBRD’s cumulative annual investment for 2013 reached EUR 8.5 billion, 39 per cent of

which was committed to Eastern Europe and Caucasus region and Russia, 30 per cent to

Southeast Europe and Turkey, 19 per cent to Central Europe and Baltic, and 7 per cent

to Central Asia states and Mongolia. This was EBRD’s first full year of activity in the

Southern and Eastern Mediterranean (SEMED) region – Egypt, Jordan, Morocco and

Tunisia1 – which accounted for 5 per cent of the bank’s total annual investment in 2013.

VisionEBRD seeks to help countries make the transition toward well-functioning market

economies by investing mainly in the private sector, with associated technical

cooperation, legal reform and policy dialogue.

MissionThe bank seeks to help countries with EBRD operations make the transition toward

well-functioning market economies by investing mainly in the private sector, with

associated technical cooperation, legal reform and policy dialogue.

MembersEBRD is owned by 64 countries and two intergovernmental institutions.

OfficesEBRD headquarters are in London, United Kingdom. As of 31 December 2013, it had

39 resident offices in 31 countries with operations.

StaffAs of 31 December 2013, EBRD had 1,781 employees, including 429 in resident offices.

Financial resourcesAs of 31 December 2013, EBRD had subscribed capital of EUR 29.7 billion (compared

with EUR 29.6 billion in 2012) and paid-in capital of EUR 6.2 billion (as in 2012).

The bank continues to enjoy a credit rating of AAA, or equivalent, with a stable outlook

from the three major rating agencies.

1 In May 2012, the EBRD Board of Governors allocated funds from the bank’s net income to early investment operations, and granted the four countries the status of potential recipient countries under Article 18 of the Agreement Establishing the Bank. In 2013, full-scale activities were launched in Jordan, Morocco and Tunisia following ratification of the bank’s founding articles. Egypt has potential recipient status and full-scale activities will be launched once the country has fully ratified the bank’s founding articles.

10

Distribution of EBRD investment by sector, FY2013

Distribution of EBRD investments by region, FY2013

Distribution of EBRD investment by sector, FY2013

Infrastructure 20% Energy 21%

Industry, commerce and agribusiness 31%

Financial institutions 28%

EBRD distribution of investment by region, FY12

Russian Federation 21%

Turkey 11%

Southern andEastern Mediterraneana

2%

Central European and Baltics 19%

Eastern European and Caucasus 18%

South-eastern Europe 19%

Central Asia 7%

Russia 29%

Turkey 12%

Southern andEastern Mediterranean5%

Central European and Baltics 19%

EasternEuropean and Caucasus 17%

South-eastern Europe 17%


Lending


Commitments ($US million) 7 152 11 336 12 086 11 716 11 758 11 707

Disbursements ($US million) 6 989 7 918 8 070 8 626 7 909 8 154

Equity investments

Amount ($US million) 1 525 1 668 1 520 1 721 1 411 1 672

Number of investments 76 56 64 58 50 47

Grantsa



Technical assistance


Number of activities 432 502 518 493 562 633

Cofinancing (commercial)b

Amount ($US million) 2.2 3.7 4.0 9.4 6.7 2.8

a Represents EBRD-managed grants and concessional loans only, in line with the revision of the grants definition used for reporting purposes. The numbers have been corrected to reflect the latest reconciled data.b Annual commercial cofinancing has been corrected to reflect non-EBRD finance from private-sector organizations supporting EBRD projects for the first time.

11

Inter-American Development Bank Group1

Operational highlightsInter-American Development Bank (IADB): In 2013, IADB approved US$14 billion

in lending and grants (a 23 per cent increase from US$11.4 billion in 2012) and

disbursed US$11.2 billion (a 52 per cent increase from US$7.4 billion in 2012).

Inter-American Investment Corporation (IIC): In 2013, IIC approved US$415.4 million

in investments and direct loans and disbursed US$313.6 million.

VisionIADB supports efforts by Latin America and the Caribbean countries to reduce

poverty and inequality, aiming to bring about development in a sustainable,

climate-friendly way.

IIC’s vision is embodied in the phrase “Think SME, Think IIC”; it is to make the

corporation the recognized authority for the development of small and medium-size

enterprises (SMEs) in the Latin American and Caribbean region.

MissionIADB’s mission is to contribute to the acceleration of the process of economic and

social development of the regional developing member countries, individually

and collectively.

IIC’s mission is to promote economic development in its developing RMCs by fostering

the establishment, expansion and modernization of private enterprises, with a focus

on SMEs.

MembersIADB is owned by 48 member countries, including 26 Latin American and Caribbean

borrowing members, which have majority ownership of the bank.

IIC has 44 member countries, 26 of which are in Latin America and the Caribbean.

OfficesThe IADB Group has its headquarters in Washington, D.C. and offices in all 26 of its

borrowing countries, Madrid and Tokyo.

IIC is headquartered in Washington, D.C. and has staff in 12 Latin American and

Caribbean countries.

StaffIADB has 1,956 staff members, 638 of whom are located in country offices.

IIC has a staff of 105.

1 The IADB Group continued working during 2014 on consolidating its private sector activities to strengthen its capacity to promote development through the private sector and to maximize the impact and the efficient use of the Group’s resources. The profile data presented here has been updated to reflect this work and to allow for a clearer understanding of the current overall size of the IADB Group’s lending toward the private sector.

12

Financial resourcesIADB: Subscribed capital stock for IADB’s ordinary capital is US$129 billion.

Contribution quotas authorized and subscribed for the Fund for Special Operations

total US$10 billion.

IIC: IIC’s sources of funding have been capital contributions from its member countries

and borrowing from banks and capital market investors. In 2013, total capital rose to

US$852 million, from US$779 million in 2012. In 2013 the IIC issued a further Euro

Medium-Term Note (EMTN) programme, increasing its outstanding US$350 million

EMTN by US$50 million. Repayment of a lending facility helped improve IIC’s funding

cost, lowering borrowing to US$904 million compared with US$969 million in 2012.

IIC also has access to a total of US$583 million in committed credit facilities.

Social sector 17%

Integration andtrade 2%

Structured andcorporate finance28%

Opportunity forthe majority 6%

Institutions fordevelopment 25%

Infrastructureand environment29%

Social sector 10%

IIC distribution of lending by sector, FY12

Agricultural products 9.2%

Financial services 65.8%

Distribution and retail 2.5%Health services and supplies 2.4%Oil, gas and mining 1.4%Textiles, apparel and leather 1.3%Education 1.3%

Wood, pulp and paper 3.5%

Construction, materials and fixtures 2.5%

Energy and power 4.3%

Others 5.4%

Social sector 17%

Integration andtrade 2%

Structured andcorporate finance28%

Opportunity forthe majority 6%

Institutions fordevelopment 25%

Infrastructureand environment29%

Social sector 10%

Andean countries 30.3%

Southern cone25.7%

Mexico andCentral America 43.9%

Caribbean 0.1%

IADB distribution of lending by sector, 2013 IADB distribution of lending by region, 2013

IIC distribution of approvals by sector, 2013 IIC distribution of approvals by region, 2013

13

Main operational activities 2009 2010 2011 2012 2013

Lending

Number of projects

IADB 152 170 167 169 168

Of which SGa 122 139 121 124 110

Of which NSGb 30 31 46 45 58

IIC 40 49 71 73 71

MIFc 23 14 6 9 9

Commitments (US$ million)

IDB 15 623 12 705 10 911 11 424 13 998

Of which SG 14 646 11 836 9 450 9 913 11 881

Of which NSG 976 869 1 460 1 510 2 116

IIC 157 342 370 309 299

MIF 48.3 34.6 37 26 37.8

Disbursements (US$ million)

IDB 11 887 10 902 8 440 7 395 11 208

Of which SG 11 056 10 400 7 822 6 420 8 989

Of which NSG 831 501 618 975 2 219

IIC 141.8 349.9 442.7 371.6 313.6

MIF 34.1 37.6 17.8 17.5 28

Concessional lendingd

Number of projects 30 41 26 29 22

Commitments (US$ million) 350 548 422 566 439

Disbursements (US$ million) 454 532 543 465 508

Grantse

Amount (US$ million) 363 579 398 280 404

Number of operations 456 466 419 438 502

Technical assistancef

Number of activities

IDB 451 416 357 423 4858

IIC 157 342 370 309 299

MIF 116 122 79 76 68

Amount ($US) millions

IDB 213 194 169 224 309

IIC (donor approvals) 3.3 5.2 4.4 9.3 6

MIF 66.7 80.8 65.9 67.4 70.5

14

Main operational activities 2009 2010 2011 2012 2013

Cofinancing

Number of projects

IDB 54 41 32 58 30

IIC 8 13 12 9 11

MIF 139 136 85 85 77

Amount (US$ million)

IDB 3 403 1 193 1 964 1 262 2 597

IIC 283 536 471.6 384.4 197.5

MIF 368.5 210.6 321.5 262.2 319

a Sovereign guarantee. b Non-sovereign guarantee.c Multilateral Investment Fund. d IADB sovereign guarantee only. Subset of lending. Includes operations financed through the IADB Grant Facility. e IADB sovereign guarantee only. Starting from 2010, original approved amount reported. Cancellations not considered. Totals do not include the IADB Grant Facility or resources specific to MIF. Grant amount includes investment grants, project-specific grants and reimbursable technical cooperation operations. f Subset of grants. Excludes grant cofinancing contribution administered by the bank and investment grants.

15

International Fund for Agricultural DevelopmentOperational highlightsIn 2013, the Executive Board of the International Fund for Agricultural Development

(IFAD) approved 25 new programmes and projects supported by loans and debt

sustainability framework (DSF) grants, and additional financing to ongoing

operations – for a total of US$731.1 million. IFAD also approved 63 grants with

a value of US$50.0 million and a further 10 grants, totalling US$103.0 million, in

the context of the Adaptation for Smallholder Agriculture Programme (ASAP). The

total value of approved IFAD loan and grant operations in 2013 was US$884.0.

Disbursements continued to increase, reaching US$625.1 million. IFAD’s two sub-

Saharan Africa regions received 50 per cent of new financing for programmes and

projects in 2013. At the end of the year, IFAD was financing 241 ongoing programmes

and projects in 96 countries and one territory. These investments totalled US$5.4

billion. Cofinancing and funds from domestic sources amounted to US$6.8 billion,

bringing the total value of programmes and projects to US$12.2 billion.

VisionIFAD’s vision is to become a global catalyst for investments that enable smallholder

agriculture to drive progress towards food security and improved nutrition, poverty

reduction and more resilient ecosystems.

MissionIFAD is the only international financial institution with a mandate to reduce rural

poverty through investments in agriculture and rural development. Its overarching

goal, reflected in its Strategic Framework for 2011-2015, is to empower poor rural

women and men in developing countries to improve their food security and nutrition

levels, raise their incomes and strengthen their resilience. To achieve this objective,

IFAD adopts a differentiated approach based on each country’s context, with special

attention to targeting to ensure that operations reach poor rural women and men

and have maximum impact in reducing rural poverty and hunger. IFAD promotes the

empowerment of poor rural people, gender equality and women’s empowerment,

and the creation of viable opportunities in rural economies for rural youth. It seeks

to facilitate innovations and the scaling up of successful approaches, and pursues the

development of effective partnerships and resource mobilization. IFAD gives high

priority to ensuring sustainability of the projects and programmes it finances.

MembersAs of 31 December 2013, IFAD had a total membership of 172 countries.

OfficesIFAD headquarters are in Rome, Italy, with smaller offices in 40 partner countries.

StaffIFAD has 321 professional and higher-category staff positions, excluding the President

and Vice-President, and 212 general service positions. Staff in the professional and

higher-category positions are nationals of 86 member countries; 46 per cent are women.

16


Loans and DSF grants

Number of projects approved 29 31 32 34 33 25

Approved amount (US$ million)a 552.2 644.1 777.7 947.2 963.0 731.1

Disbursements (US$ million) 440.3 442.3 497 626 652.9 625.1

Grants

Number of grants approved 70 99 88 83 90 63

Amount (US$ million) 40.7 47.0 51.2 50.4 71.5 50.0

Cofinancing

Amount (US$ million) 305.0 308.1 662.2 412.2 420.3 342.2

a Includes new projects (loans and DSF grants) and additional financing (loans and DSF grants).Source: IFAD, Annual Report 2013.

IFAD distribution of lending by region, 2013

Near East, North Africa and Europe 10%

Latin America and the Caribbean 13%

Asia and the Pacific 28%

East and Southern Africa 21%

West and Central Africa 29%

IFAD distribution of lending by region, 2013 IFAD distribution of lending by sector, 2013

Financial resourcesIFAD’s financing is drawn from several sources. These include its initial capital,

investment income, loan reflows and contributions from member countries, all of

which provide the resources available for annual commitments. Member country

contributions come through regular replenishments held every three years, and in the

form of supplementary funds. The Ninth Replenishment of IFAD’s resources began on

1 January 2013. IFAD’s three-year US$3.0 billion programme of loans and grants for the

Ninth Replenishment period (2013-2015), combined with cofinancing, is expected to

result in total investments in agricultural development, poverty reduction and improved

food security of US$6.6 billion.

IFAD distribution of lending by sector, 2013

Market and related infrastructure 16%

Community-driven and human development 12%

Agriculture and natural resource management 23%

Other subtotal 15%

Policy and institutional support 16%

Small and micro enterprises 7%

Rural financialservices 13%

17

Islamic Development Bank Group Operational highlightsIslamic Development Bank (IsDB): In 1434H (FY2013), net approvals by the IsDB

Group reached a record level of US$10.6 billion, with an increase of 11 per cent

since the previous year. In addition, the insurance arm of the group, the Islamic

Corporation for the Insurance of Investment and Export Credit (ICIEC), provided

credit and political risk insurance worth US$3.3 billion. During the year, IsDB

Group total disbursements reached a record level of US$6.6 billion, representing an

increase of 15 per cent since the previous year.

Islamic Corporation for the Development of the Private Sector (ICD): In FY2013,

ICD approved 31 projects and participated in 8 capital increases in existing equity,

totalling US$429.7 million. Equity investments accounted for the bulk of ICD’s new

approvals, representing 51 per cent of total financing, followed by line of finance

(19 per cent) and term finance (16 per cent). Operational focus was on the financial,

information and communication, and industry and mining sectors. The shares of key

sectors in total approvals during FY2013 were financial (65 per cent), information

and communication (9 per cent), industry and mining (8 per cent), real estate (6 per

cent), trade (5 per cent), health and other social services (3 per cent), agriculture (2

per cent) and energy (2 per cent).

VisionIsDB: IsDB is a multilateral development financing institution that aims to foster the

economic development and social progress of its 56 member countries and Muslim

communities in non-member countries in accordance with the principles of the Shari’a

(Islamic law). IsDB Vision states that “By the year 1440 Hijrah, IsDB shall have become

a world-class development bank, inspired by Islamic principles, that has helped

significantly transform the landscape of comprehensive human development in the

Muslim World and help restore its dignity”.

ICD: ICD is a multilateral organization affiliated with the IsDB Group. The mandate

of ICD is to support the economic development of its member countries through the

provision of finance to private-sector projects. ICD foresees itself as a major player in

the development and promotion of the private sector as a vehicle for economic and

social growth and prosperity in Islamic countries.

MissionIsDB: The mission of IsDB is to promote comprehensive human development, with a

focus on priority areas of alleviating poverty, improving health, promoting education,

improving governance and furthering the prosperity of the people.

ICD: The mission of ICD is to complement IsDB’s role by providing Islamic financial

services and products, promoting competition and entrepreneurship in member countries,

advising governments and businesses, and encouraging cross-border investment.

1 The IsDB fiscal year is the Hijrah (lunar) year – 1434H corresponds to the period from 14 November 2012 to 4 November 2013.

18

MembersIsDB: IsDB has 56 member countries from four continents. All member countries may

benefit from its financing.

ICD: IsDB is the major shareholder of ICD, with 44.7 per cent of the subscribed capital.

Fifty-four member states contribute 45.9 per cent of the subscribed capital, and the

public financial institutions of member countries provide 9.4 per cent.

OfficesIsDB: IsDB has its headquarters in Jeddah, the Kingdom of Saudi Arabia. It has four

regional offices in Kazakhstan, Malaysia, Morocco and Senegal, and field representatives

in 14 member countries. The IsDB Group has established two country gateway offices

(CGOs) in Turkey and Indonesia and is establishing three more in Bangladesh, Egypt

and Nigeria.

ICD: ICD headquarters are in Jeddah, the Kingdom of Saudi Arabia, with regional

coverage through IsDB’s regional offices and CGOs.

StaffIsDB: IsDB has 1,134 employees.

ICD: ICD has 117 employees.

Financial resourcesIsDB began operations in 1975. Over time, it has evolved into a group with four

specialized entities: (i) the Islamic Research and Training Institute (IRTI) (established

in 1981); (ii) ICIEC (1994); (iii) ICD (1999); and (iv) the International Islamic Trade

Finance Corporation (ITFC) (2008).

19

IsDB ordinary capital resources lending by sector,

Finance 1%

Education 18%

Energy 37%

Urban services 13%

Other 0%

Agriculture 16%

Transportation23%

Health 2%

IsDB ordinary capital resources lending by region

Middle East andNorth Africa47%

Europe and Central Asia 14% Sub-Saharan Africa

25%

Asia 14%

IsDB crdinary capital resources lending by sector, 1434H (corresponding to FY2013)

IsDB ordinary capital resources lending by region, 1434H (corresponding to FY2013)

Note: Classification of 56 member countries to regional groupings is as follows: SSA-22 (22 sub-Saharan African member countries), MENA-19 (19 Middle Eastern and North African member countries), ASIA-8 (8 Asian member countries), and CIT-7 (7 European and Central Asian member countries).

Capital resources of IsDB Group members, FY2013

Member Authorized capital Subscribed capital Paid-in capital

Amount in US$ billion

IsDBa 153 76.6 6.2

ICD 2.0 0.83 0.80

ICIECa 0.61 0.35 0.11

ITFC 3.0 0.71 0. 70

a US$ amounts for IsDB and ICIEC are computed based on conversion of the Islamic dinar (ID) IsDB’s unit of account. The exchange rate used for 1434H (2013) was ID 1 = US$1.53.

20

World Bank GroupOperational highlightsWorld Bank: During fiscal year (FY) 2014, the World Bank Group committed US$65.6

billion in loans, grants, equity investments and guarantees to its clients and to the

private sector in member countries. International Development Association (IDA)

commitments were US$22.2 billion, and International Bank for Reconstruction and

Development (IBRD) commitments were US$18.6 billion. The replenishment for

IDA17, covering fiscal years 2015-2017, resulted in a total commitment of US$52

billion from donors.

International Finance Corporation: During FY2014, IFC committed US$17.3 billion

in loans, equity investments and guarantees for 599 projects across nine sectors in

member countries. IFC mobilized US$5.1 billion through syndications, structured

and securitized products, sales of IFC loans, parallel loans and the Asset Management

Company.

MissionAt its 2013 Annual Meetings, the World Bank Group adopted a new strategy focused

on aligning its work with the goals of eliminating extreme poverty and boosting

shared prosperity in a sustainable manner. The first goal calls for ending extreme

poverty by 2030 by reducing the proportion of the world’s population living on less

than US$1.25 per day to no more than 3 percent. To accelerate progress, the World

Bank Group has also set an interim goal of cutting extreme poverty to 9 percent of the

world’s population by 2020. The second goal of boosting shared prosperity will require

promoting the income growth of the bottom poorest 40 percent of each developing

country’s population.

Implementation of the strategy supporting these goals involves sweeping institutional

changes designed to raise the World Bank Group’s financial capacity and operational

efficiency. Under the new structure, the group’s institutions – IBRD, IDA, IFC and the

Multilateral Investment Guarantee Agency (MIGA) – will strengthen their collaboration

to deliver effective solutions that bring global knowledge to bear on local challenges.

MembersIBRD has 188 member countries; IDA has 172; and IFC has 184.

OfficesThe headquarters of the World Bank Group are in Washington, D.C. The World Bank

operates from more than 130 offices worldwide: 91 percent of country directors/

country managers and 38 percent of staff are based in country offices. IFC has 108 field

offices in 98 countries.

StaffThe World Bank has more than 12,000 full-time staff members of 172 nationalities

working in 134 countries. Eighty-five percent of the staff in country offices are hired

locally.

IFC employs 3,879 staff members from more than 140 countries. Sixty-three percent

of IFC staff are from developing countries; 59 percent are based in field offices; and 53

percent are women.

21

a IBRD/IDA figure for Technical assistance also includes economic-sector work. b Beginning in FY2013, the cofinancing figures include IBRD/IDA/IFC cofinancing, IBRD/IDA/MIGA transfers to other organizations, and recipient-executed trust funds. IFC’s reported figure for cofinancing represents total mobilization (syndicated loans, structured finance, IFC’s asset management). c Includes only IFC operations.

Financial resources (US$ million FY2014) IBRD IDA IFC

Operating income 728 - 1 483

Loans outstanding (IBRD) 154 021 - -

Development credits outstanding (IDA) - 136 011 -

Total committed portfolio (IFC) - - 51 735

Total assets 358 883 183 445 84 130

Total equity 40 467 153 749 23 990

Main operational activities (IBRD, IDA, IFC)

FY08 FY09 FY10 FY11 FY12 FY13 FY14

Lending

Number of projects 667 671 609 564 489 500 576

Commitments (US$ million) 32 067 52 866 64 468 47 998 59 268 40 066 48 422

Disbursements (US$ million) 25 460 32 227 45 371 36 883 32 037 35 577 39 772

Equity investments (IFC)

Amount (US$ million) 2 154 2 069 2 975 1 968 2 282 2 732 2 324

Number of investments 145 123 197 152 169 136 131

Technical assistance (IDA, IBRD)a

Number of activities 1002 982 1 091 1 105 998 796 866

Cofinancingb

Amount (US$ million) 9 183 5 820 9 006 6 474 8 919 11 339 9 403

Number of projects 114 84 22c 30c 26c N/A N/A

Guarantees and risk management (IFC)

Amount (US$ million) 1 879 2 519 3 969 5 167(guarantees)

+ 60 (RM)

6 402(guarantees) + 110 (RM)

6 959 (guarantees) + 138 (RM)

7 328(guarantees)

+ 30 (RM)

Number of Projects 56 155 201 199 (guarantees)

+ 10 (RM)

227 (guarantees)

+ 9 (RM)

221 (guarantees)

+ 30 (RM)

217 (guarantees)

+ 20 (RM)

22


Consumer and social services 9%

Agribusiness and forestry 7%

Water sanitation and flood protection 11%

Public administration,law and justice 22%

Information andcommunicationa 1%

Manufacturing 7%

Manufacturing 7%

Oil, gas and mining 3%

Private equity and investment funds 3%

Telecommunications andinformation technologies 1%

Industry trade 4%

Transportation 17%


Europe and Central Asia19%

South Asia 9%

Latin America and the Caribbean 24%

Middle East and North Africa 14%

East Asia and the Pacific 16%

Sub-Saharan Africa 18%

Global 0%

IBRD and IDA lending by region, FY2014 IBRD and IDA lending by sector, FY2014

2


Documents

compas 2013-2014