IsDB Group entities’ solid partnership with a wide range of private and public stakeholders plays a crucial role in enhancing Member Countries’ resilience, addressing common challenges, achieving shared goals, and creating innovative solutions for sustainable development. Building resilience through multi-sector partnerships can strengthen communities' capacity to withstand and recover from shocks, promoting long-term sustainability and well-being. The side event will showcase how partnerships with the private sector are central to IsDB Group’s private sector strategy. By combining its diverse products and expertise in trade finance, risk mitigation, credit enhancement, and long-term financing instruments, IsDB Group’s entities maximize the Group’s value proposition by delivering on its mandates. The session will
The Islamic Corporation for the Development of Private Sector (ICD) and Refinitiv, a London Stock Exchange Group business, are proud to present the key findings of the OIC Infrastructure Outlook Report 2023. This presentation will outline the key highlights and insights from the report to help guide policymakers and other key stakeholders in OIC member states. The presentation will provide an overview of the OIC infrastructure landscape, including the size of the infrastructure gap till 2040, regional and sector-based analysis, key challenges and opportunities, and the role Islamic finance can play to address the gap.
The objective of this session is to share and inform about the variety of green, social, sustainable and/or climate change financial instruments that development banks and financial institutions make available to advance their contribution to the United Nations Sustainable Development Goals (SDGs) by 2030. The side event is relevant given the gravity of the climate crisis and its impact on member countries. According to the Intergovernmental Panel on Climate Change (IPCC), measures to limit the impact of climate change must be prioritized because delayed action risks triggering consequences that are catastrophic. Given the urgent needs, international institutions, including the IsDB Group, must prioritize catalyzing investments using a variety of financial instruments for green growth and sustainable development to fend off this crisis. On this front, scaling up private capital is crucial by using innovative financing instruments, broadening the investor base, expanding the involvement of multilateral development banks and development finance institutions, and strengthening climate information. A recent KAPSARC study summarizing the required level of global transition investment to keep up with the net zero ambitions under Paris-aligned scenarios indicates that, on average, the world needs $ 4-5 trillion every year until 2050. However, the same study shows that all the countries are lagging on the sustainable investment and finance agenda, where the investment gaps are strikingly high in developing countries. More importantly, the current level of sustainable finance flows is less than the needs, less than one-fourth of the transition investment requirements.
As we approach the halfway mark of the 2030 Agenda for Sustainable Development, we will need to pay special attention to the relationship between Public and Private actors to ensure resilient and high-quality delivery of projects and services that help contribute to the SDG targets and support sustainable economic growth. The event aims to provide a high-level interactive platform for key stakeholders to exchange views and ideas aimed at promoting Public and Private sector interaction towards the implementation of positively contributing service delivery initiatives that will help support aspirations towards the 2030 Agenda for Sustainable Development. In this session, the objectives will be to:
The Objective of the session is to introduce the KSA SMEs Export Empowerment Program to potential partners and beneficiaries. The session will be an opportunity to raise awareness on different services available to exporting Saudi SMEs under the umbrella of the program, which will contribute to achieving 2 key objectives of vision 2030:
The three sessions will highlight forging sustainable partnerships to promote trade and investment with a focus on the following:
As part of the 2023 PSF Private Sector Forum, the IsDB Group Annual Meeting in conjunction with PSF across AM is hosting its PSF Startups Competition 2023 for Member countries (MC) Startups. The competition is targeted toward Digital SMEs and startups that are looking to facilitate the delivery of digital, cross-border, interoperable, and cross-domain services, and solutions, while also accelerating their digitally enabled growth. The Startups Competition will award innovators, entrepreneurs, and startups for developing solutions through products and services while creating a positive impact on Member countries. To Register, please visit: https://idea.untapcompete.com/
The main objective of this event is to share experiences, success stories & best practices in promoting Halal Industry and to discuss ways and means and innovative solutions to promote investment and intra-trade opportunities in Halal Sectors among the Member Countries (MCs) and at the Global level. The Halal Event is a component of the IsDB Group Private Sector Forum which will be organized on the sidelines of the 48th IsDB Annual Meeting to be held from 11 to 13 May 2023 and will be composed of three sessions (1) An Opening session which will include keynote statements from IsDB Management and High Level Officials and Decision Makers in Halal Industry in Member and Non Member Countries of IsDB, (2) A Panel Session on promotion of investments and intra-trade in Halal Industry which will discuss Challenges facing Intra-Trade of Halal products among IsDB Member Countries and Investment Opportunities in Halal Industry as well as Strategies and Policies for promoting Intra-Trade and Investment in Halal Sectors and (3) A panel session on Innovations in Halal Industry including Digital Transformation in Halal Manufacturing Processes, New Applications for Halal Verifications and New Technologies for Promoting Halal Products. The Panellists and Moderators are Eminent Experts, CEOs and High Level Representatives of OIC, Public and Private Institutions operating in the Halal Industry.
Countries can utilise the public-private partnership (PPP) model to execute large scale infrastructure projects that will reduce the financial burden on the governments to fund these projects, where the private sector brings in the financial and technical resources. The world needs a cleaner, more sustainable energy system. Private sector plays a very important role in green transition. It is not possible for the country to create a greener environment with the efforts of the public sector alone. The private sector is typically more efficient, more cost-effective and can deliver very innovative solutions, and is very uniquely positioned because it can accept investments commercially and upscale very, very quickly. On the other hand, the private sector cannot make green transition happen without the collaboration with the government. In short, we need a coalition of public and private sector actors, and PPPs offer a solution, with tremendous opportunities for PPPs in accelerating the green energy transition within IsDB’s member countries. The Islamic Development Bank (IsDB) is committed to supporting the participation of private sector investments in its member countries through PPP infrastructure project financing. To further discuss this, the Bank’s PPP Division is organising a side-event on “Transitioning Towards a Sustainable Future Through PPPs” to share the best practices implemented by governments, developers and DFIs in developing and implementing green energy infrastructure, while also shedding light on the bankability of new technologies to fast-track the clean energy agenda within the developing and emerging markets. The session aims to: