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The IDB Group and Cameroon
The Islamic Development Bank Group Together We Build A Better Future
Sequence
i. Overview of the IDB Group
ii. Cameroon and IDB Group Membership
iii. IDB Projects by Mode of Finance
iv. IDB Projects by Sector
v. Projects Status in Cameroon
vi. Examples of past IDB projects in Cameroon
vii. Approvals Trend for Cameroon
viii. Disbursement Trend for Cameroon
ix. Portfolio Performance in Cameroon
x. Future Areas of Co-operation with Cameroon
OVERVIEW OF THE IDB GROUP
IDB Group at a Glance
Key Features
MDB of the Islamic World
South-South Development
Financing Institution
Solidarity-based
Shariah-compliance
Pioneer in Trade Finance
AAA-rated
37 Years in the Service of Development
1396-1433H /1975-2012G
1975
2012
1994 2008
1981
IDB Group 1999
OVERVIEW OF THE IDB GROUP
Our Member Countries
Africa: 27 Asia: 26
Europe: 2
Latin America: 1
A Unique Model of South-South Cooperation
All Member Countries can benefit from IDB Financing
Global MDB: Membership 56 Countries spreading over 4 continents
Membership Increased: 22 countries in 1975 → 56 countries in 2012
OVERVIEW OF THE IDB GROUP
Islamic Development Bank The Bank’s mandate is to promote, comprehensive human
development in the Muslim World Offer development financing
Promote Islamic Financial Services Industry
Provide knowledge services for development
Build capacity & promote technical cooperation
37 Years After
› 56 Member Countries › Authorized: ID 30.0 billion
› : US$ 46.5 billion › Subscribed: ID 18.0 billion
› : US$ 27.9 billion
› 22 Member Countries › Authorized
› : ID 2.0 billion › : US$ 3.2 billion
› Subscribed › : ID 750 million › : US$ 1,200 million
Inception
1396H / 1975G 1433H / 2012G
Currency Equivalent: ID 1.0 = US$ 1.55
OVERVIEW OF THE IDB GROUP
IDB’s Major Shareholders
Saudi Arabia, 23.61%
Libya, 9.47%
Iran, 8.28%
Nigeria, 7.69% Qatar, 7.21%
Egypt, 7.10%
Turkey, 6.48%
UAE, 5.81%
Kuwait, 5.48%
Others, 15.96%
Source: Treasury Department, February 2011
Of IDB’s 56 member countries, 9 Members Countries make up about 83% of the total shareholding of IDB
OVERVIEW OF THE IDB GROUP
IDB’s Rating Affirmations
“Aaa” & ‘P-1’ Short-Term
“AAA” & ‘F1+’ Short-Term
“AAA” & ‘A-1+’ Short-Term
EU Zero Risk Weight
“Stable” Outlook
“Stable” Outlook
“Stable” Outlook
OVERVIEW OF THE IDB GROUP
IDB
Group
President ICD 1999
BOARD OF GOVERNORS
BOARD OF EXECUTIVE
DIRECTORS
IRTI 1981
ICIEC 1994
ITFC 2008
IDB Organizational Chart
OVERVIEW OF THE IDB GROUP
Members / Entities of the Group
International Islamic Trade
Finance Corporation (ITFC)
Islamic Research & Training
Institute (IRTI)
The Islamic Corporation for the
Insurance of Investment and
Export Credit (ICIEC)
Islamic Corporation for the
Devt. of the Private Sector
(ICD)
Serve as research and training arm of the
IDB,
Lead development of the Islamic Financial
Services Industry (IFSI) to support socio-
economic development of MCs.
Activities: training, research, advisory,
capacity building, etc.
Boost trade among OIC Member
Countries,
Offer Shariah-compliant export credit
insurance and re-insurance
Provide political risk insurance to
encourage investment flows.
Promote private sector development in
Member Countries,
Facilitate access to Islamic capital
markets,
Mobilize additional financial resources
for private sector,
Promote entrepreneurship, and
encourage cross- country investments.
Advance trade across the Islamic
world,
Encourage intra-trade across OIC
Member Countries,
Help businesses to better access trade
finance, and
Provide businesses with the necessary
trade-related capacity building
OVERVIEW OF THE IDB GROUP
5 COUNTRY GATEWAY OFFICES To be established in 1433/34H
Nigeria Bangladesh
Egypt
Turkey
Indonesia
Group Geographic / Field Presence
4 REGIONAL OFFICES
Senegal Kazakhstan
Malaysia Morocco
Jeddah
HEADQUARTERS
Dubai Office
14 Field
Representatives
Afghanistan Azerbaijan Bangladesh Burkina Faso Guinea Indonesia Iran Mali Nigeria Pakistan Sudan Turkmenistan Uzbekistan Yemen
+
+
OVERVIEW OF THE IDB GROUP
Accomplishments
Group Cumulative Approvals: US$ 85.0 billion > Project Financing US$ 40.8 billion (48.0%)
> Trade Financing US$ 43.5 billion (51.2%)
> Special Assistance US$ 0.7 billion ( 0.8%) From IDB OCR only
8,502
-
2,000.00
4,000.00
6,000.00
8,000.00
US
$ M
illio
n
Year
Yearly Approvals since Bank Inception
( in US$ Million [Nominal] )
From Bank Inception to end of Q3, 1433H
OVERVIEW OF THE IDB GROUP
Cumulative Approvals by Sector (OCR)
Agriculture, 10.9%
Education, 8.6%
Energy, 22.8%
Finance, 4.4%
Health, 5.0%
Industries & Mining, 9.6%
Other, 1.6%
Transport, 24.9%
Urban Services, 12.2%
OVERVIEW OF THE IDB GROUP
“Vision for Human Dignity”
Vision Statement
“By the year 1440 Hijrah, IDB 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”
OVERVIEW OF THE IDB GROUP
Comprehensive Development Agenda
Nine Key Strategic Thrusts:
1. Reform IDB
2. Alleviate Poverty
3. Promote Health
4. Universalize Education
5. Empower Women
6. Prosper the People
7. Expand the Islamic
financial Industry
8. Facilitate Integration of
IDB Countries
9. Improve the image of the
Muslim World
Mission Statement
Promote comprehensive human development, with a focus on the priority
areas of alleviating poverty, improving health, promoting education, improving governance and prospering the people”
OVERVIEW OF THE IDB GROUP
Reforms at IDB
Results Oriented
Leveraging Partnerships
Knowledge-Oriented
Responsive to Clients
A New IDB Group
Scaled up
Focused
MCPS Framework
MCPS and
Results
Framework
Country National
Development
Strategy
IDB Vision 1440H
and Results
Framework
Consultations Government
Development Partners
Civil Society
Private Sector
Academia
Research Institute
Knowledge Repository
inputs Diagnostic and Analytical Papers
Sector and Thematic Assessments
Sector Road Maps
Self and Independent Assessments
Consultation Seeks Common Grounds
Diagnosis
Completed MCPSs: Turkey, Indonesia, Uganda, Mauritania, Mali, Pakistan, Senegal, Malaysia, Bangladesh, Kuwait, Morocco and Kazakhstan
OVERVIEW OF THE IDB GROUP
Uniqueness of the MCPS – Reverse Linkages
IDB MCs specific expertise, knowledge, know-how, investments,
success stories, best practices, etc.
Asia and Surinam
CIS and Europe
West Africa
East, South & Central
Africa
Arab Africa
Arab Asia
Reverse Linkages (RLs) are specific activities for mainstreaming “South-South” Development Approach
OVERVIEW OF THE IDB GROUP
Example of Reverse Linkages - Uganda
Nerica High Yield
Rice
HIV Control
Statistics Production
and Analysis
PPP Legal FW, Oil
Resource Mgmt.
From Other IDB MCs to
Uganda
OVERVIEW OF THE IDB GROUP
Development of the Islamic Financial Services Industry
Project Financing Public (Sovereign) Private (Non-Sovereign) and Public-Private Partnerships (PPPs)
Trade Financing & Promotion of Intra-Trade between Member Countries
Capacity Development & Technical Cooperation
Insurance of Investment & Export Credit
Islamic Economics & Finance Research and Training
Fund / Asset Management
Group Products and Services
Special Products Science & Technology Program
Scholarship Programs
Special Assistance
OVERVIEW OF THE IDB GROUP
Modes of Financing
Concessional
Loans Grants
Ordinary
Leasing
Installment Sale
Istisna’a (Construction Financing)
Equity
Profit Sharing
Lines of Financing
Murabaha (Trade Financing)
Restricted Mudarabah
OVERVIEW OF THE IDB GROUP
Special Funds, Programs & Initiatives
Special Program for the Development of Africa (SPDA)
• Aims to support investments in social & infrastructure sectors in Sub-Saharan Africa
• Total Size: US$ 12 billion (US$ 4 billion from IDB Group) over 5 years (2008-2012)
• Next: SPDA-2 – Follow-up program to SPDA
Islamic Solidarity Fund for Development (ISFD)
• Dedicated facility to fight poverty • Target Endowment of US$ 10 billion • Flagships: Integrated Community Driven Development
(ICDD), Vocational Literacy (VOLIP), Microfinance, Future- Sustainable Villages, IDB Social Business
Youth Employment in Arab Countries
• High-level of Unemployment amongst Youth in Arab Countries identified as one of the key causes for recent political turmoil and unrest
• Total Size: US$ 250 million (2011-2012) • Areas: Micro-Finance, Vocational Training, Entrepreneurship
development, MSME Development, providing advisory services
OVERVIEW OF THE IDB GROUP
Major Development Partners Coordination Group
MDBs / Bilaterals / International Organizations
Arab Gulf Program for Development
OVERVIEW OF THE IDB GROUP
IDB Interventions in Cameroon
Cameroon became a Member of…
IDB in 1977
ICIEC 1992
ICD in
2001
ITFC in 2007
T h e I s l a m i c D e v e l o p m e n t B a n k G r o u p h t t p : / / w w w . i s d b . o r g Slide 24
معا ً نبني مستقبلا ً أفضل TOGETHER WE BUILD A BETTER FUTURE
ENSEMBLE NOUS CONSTRUISONS UN AVENIR MEILLEUR
OVERVIEW OF THE IDB GROUP
Projects by Mode of Financing
Mode of Finance
No. of Ops Amount US$
Equity 2 10
Instalment Sale
4 28
Istisna'a 4 115
Loan 28 196
T.A. Grant 11 2
Total 49 350 0
20
40
60
80
100
120
140
160
180
200
Equity I/Sale Istisnaa Loan TA Grant
2 4 4
28
11 10
28
115
196
2
T h e I s l a m i c D e v e l o p m e n t B a n k G r o u p h t t p : / / w w w . i s d b . o r g Slide 25
معا ً نبني مستقبلا ً أفضل TOGETHER WE BUILD A BETTER FUTURE
ENSEMBLE NOUS CONSTRUISONS UN AVENIR MEILLEUR
OVERVIEW OF THE IDB GROUP
Projects by Sector
Sector No. of
Ops Amount
US$
Agriculture 19 112
Energy 2 17
Social Services 11 63
NDFIs & Microfinance
2 1
Industry 2 10
Water/Sanitation 4 24
Trans & Comm. 9 122
Total 49 350
112
17
63
1 10
24
122
Amount US$ Million
Agriculture
Energy
Social Services
NDFIs & Microfinance
Industry
Water / Sanitation
Transp & Comm
T h e I s l a m i c D e v e l o p m e n t B a n k G r o u p h t t p : / / w w w . i s d b . o r g Slide 26
معا ً نبني مستقبلا ً أفضل TOGETHER WE BUILD A BETTER FUTURE
ENSEMBLE NOUS CONSTRUISONS UN AVENIR MEILLEUR
OVERVIEW OF THE IDB GROUP
Project Status
Project Status No. of Ops US$
Under Implementation
22 260
Completed 27 90
Total 49 350
T h e I s l a m i c D e v e l o p m e n t B a n k G r o u p h t t p : / / w w w . i s d b . o r g Slide 27
معا ً نبني مستقبلا ً أفضل TOGETHER WE BUILD A BETTER FUTURE
ENSEMBLE NOUS CONSTRUISONS UN AVENIR MEILLEUR
OVERVIEW OF THE IDB GROUP
Examples of IDB Projects in Cameroon
The Limbe
Shipyard
Approved: 10 September 2001 IDB Financing : US $ 14 mil Mode of Finance: Istisnaa
Sanglemima-
Djoum Road
Approved: 18 August 2009 IDB Financing : US $ 64 mil Mode of Finance: Istisnaa
Song-Loulou
Hydro Electric
Power
Approved: 18 October 1976 IDB Financing : US $ 7 mil Mode of Finance: Loan
Rural
Electrification
Approved: 11 September 2005 IDB Financing : US $9.5 mil Mode of Finance: Loan
T h e I s l a m i c D e v e l o p m e n t B a n k G r o u p h t t p : / / w w w . i s d b . o r g Slide 28
معا ً نبني مستقبلا ً أفضل TOGETHER WE BUILD A BETTER FUTURE
ENSEMBLE NOUS CONSTRUISONS UN AVENIR MEILLEUR
OVERVIEW OF THE IDB GROUP
Approvals Trend for Cameroon
0
10
20
30
40
50
60
70
80
1416 1417 1418 1419 1420 1421 1422 1423 1424 1425 1426 1427 1428 1429 1430 1431 1432 1433
Approvals
T h e I s l a m i c D e v e l o p m e n t B a n k G r o u p h t t p : / / w w w . i s d b . o r g Slide 29
معا ً نبني مستقبلا ً أفضل TOGETHER WE BUILD A BETTER FUTURE
ENSEMBLE NOUS CONSTRUISONS UN AVENIR MEILLEUR
OVERVIEW OF THE IDB GROUP
Disbursement Trend for Cameroon
0
2
4
6
8
10
12
1416 1417 1418 1419 1420 1421 1422 1423 1424 1425 1426 1427 1428 1429 1430 1431 1432 1433
Disbursements
T h e I s l a m i c D e v e l o p m e n t B a n k G r o u p h t t p : / / w w w . i s d b . o r g Slide 30
معا ً نبني مستقبلا ً أفضل TOGETHER WE BUILD A BETTER FUTURE
ENSEMBLE NOUS CONSTRUISONS UN AVENIR MEILLEUR
OVERVIEW OF THE IDB GROUP
Portfolio Performance
The average age of the portfolio is almost 3 years:
7 projects have more than 6 years
5 projects have less than 2 years.
Newly approved projects (amounting to 180 US$ million) facing start-up challenges;
Old projects (amounting to US$ 80 million) facing implementation challenges.
T h e I s l a m i c D e v e l o p m e n t B a n k G r o u p h t t p : / / w w w . i s d b . o r g Slide 31
معا ً نبني مستقبلا ً أفضل TOGETHER WE BUILD A BETTER FUTURE
ENSEMBLE NOUS CONSTRUISONS UN AVENIR MEILLEUR
OVERVIEW OF THE IDB GROUP
Portfolio Performance
0.00 0.50 1.00 1.50 2.00 2.50
Compliance Effectiv.conditions
Procurement of GS
Financial Performance
Activities and outputs
Project Management&supervision
1.75
2.13
2.40
2.15
1.75
Portfolio Performance-IP
T h e I s l a m i c D e v e l o p m e n t B a n k G r o u p h t t p : / / w w w . i s d b . o r g Slide 32
معا ً نبني مستقبلا ً أفضل TOGETHER WE BUILD A BETTER FUTURE
ENSEMBLE NOUS CONSTRUISONS UN AVENIR MEILLEUR
OVERVIEW OF THE IDB GROUP
Portfolio Performance
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
TRANSPORT EDUCATION HEALTH ENERGY AGRICULTURE
2.21
2.80
1.00
2.10 1.87
2.87 2.60
2.00
3.67
3.00
IP DO
T h e I s l a m i c D e v e l o p m e n t B a n k G r o u p h t t p : / / w w w . i s d b . o r g Slide 33
معا ً نبني مستقبلا ً أفضل TOGETHER WE BUILD A BETTER FUTURE
ENSEMBLE NOUS CONSTRUISONS UN AVENIR MEILLEUR
OVERVIEW OF THE IDB GROUP
Major Generic Issues
Delays in signing and fulfillment of conditions for effectiveness
Average for effectiveness 1.23 years after approval
Weak in project management and supervision
Procurement-related difficulties notably in civil works
Availability of counterpart financing
Poor Quality at entry in rural and social sectors projects
Need to build capacity at DCMI Level
T h e I s l a m i c D e v e l o p m e n t B a n k G r o u p h t t p : / / w w w . i s d b . o r g Slide 34
معا ً نبني مستقبلا ً أفضل TOGETHER WE BUILD A BETTER FUTURE
ENSEMBLE NOUS CONSTRUISONS UN AVENIR MEILLEUR
OVERVIEW OF THE IDB GROUP
IDB Work Program 2013
Amount in US$ million
No. Project Mode Amount Status
Category-A
1 Olama-Kribi Bridge & Ngoumou Road Istisnaa 50.00
2 Support to Health Sector Loan 10.00
3 Fibre Optic Backbone Project I/Sale 20.00
4 TA/CB to Directorate of Cooperation TA (Grant) 0.30
Sub-Total: 80.30
Category-B
5 Support to Education in Priority Areas Loan 10.00
6 Rural Electrification (Ph-II) Istisnaa 20.00
7 Limbe Shipyard (Ph-II) I/Sale 40.00
8 Feasibility Study for bovine value chain
TA (Grant) 0.4
Sub-Total: 70.00
Grand Total: 150.70
T h e I s l a m i c D e v e l o p m e n t B a n k G r o u p h t t p : / / w w w . i s d b . o r g Slide 35
معا ً نبني مستقبلا ً أفضل TOGETHER WE BUILD A BETTER FUTURE
ENSEMBLE NOUS CONSTRUISONS UN AVENIR MEILLEUR
OVERVIEW OF THE IDB GROUP
IDB Private Sector Forum Objectives
To begin to undertake private sector financing
To promote and help to introduce Islamic Banking and Finance
To investigate Infrastructure Financing through PPP
To increase Trade Financing Operations
To increase Insurance of Investments and Exports
T h e I s l a m i c D e v e l o p m e n t B a n k G r o u p h t t p : / / w w w . i s d b . o r g Slide 36
معا ً نبني مستقبلا ً أفضل TOGETHER WE BUILD A BETTER FUTURE
ENSEMBLE NOUS CONSTRUISONS UN AVENIR MEILLEUR
THANK YOU