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Sdgs DIGEST a Quartely Newsletter, the Voice of the Isdb Community of Practice (Cop) on Sdgs ISSUE #07 SDGs DIGEST A Quartely Newsletter, the voice of the IsDB Community of Practice (CoP) on SDGs. RAJAB 1440 - MARCH 2019 Transformation in a Fast Changing World: The Road to SDGs To achieve the SDGs, we EDITORIAL Rami Ahmad Special Envoy on SDGs need to pay attention to the root causes of poverty. We need “Transformation in At the organizational level, and in order to diversify the a Fast-Changing to survive and stay relevant, public and economy. Despite World: The Road private organizations are building their the youthful to the SDGs” is capacity to adapt in this fast-changing population in our the theme of the world. The question of organizational member countries, IsDB’s Annual transformation and potential contribution they are exporting Meetings this year. to the SDGs is definitely on the minds raw materials. Our The Meetings of practitioners in MDBs and other focus should be on the will be held in organizations, both in developed and causes not the symptoms Marrakesh, Morocco in the first week developing countries. of April. The theme is clearly implying Dr. Bandar Hajjar You hardly find anyone who would that ‘transformation’ is a prerequisite IsDBG President argue against transformation, especially to achieving the SDGs. What type of if the case for change is clearly transformations? At what level; national, compelling. However, and despite all IN THIS ISSUE organizational, etc.? And how can the good intentions, a shocking 70% transformations succeed? • Transforming our approach to development, for of transformations fail for a variety of the SDGs At the global level, the 2030 Agenda reasons. Seth Goldstrom of McKinsey sites • 6th Open Dialogue of The SDGs Community of for Sustainable Development has ten top reasons for unsuccessful efforts. Practice clearly made the compelling case for To mention a few: Focus on activities, • Tackling the Root Causes of Poverty the transformation of the development not outcomes; absence of a structure to • Communicating SDGs at the grass-root level • Parliamentarians for the 2030 Agenda in Arab States mindset in order to achieve comprehensive capture and track initiatives; misalignment • VNRs : How IsDB Plans to Build the Capacity human development, leaving no one of enablers and incentives; and weak • ISFD : Helping Member Countries to Achieve SDGs behind. At the national level, more development of talent and capabilities. • IsDB Member Countries Likely to Miss the countries are mainstreaming the SDGs We look forward to the activities of our Target on SDG1 into their national development plans and annual meetings to address some of these • Energy Security in the post Paris Agreement Era involving more stakeholders in shaping important questions and challenges. • IsDB Hosting the Sustainable Energy for All and executing the transformation plans (SEforALL) Middle East Hub The IsDB’s SDGs Community of Practice is • Islamic Finance and SDGs to achieve the development aspirations grateful to the support of management and • Integrating Innovation in Development Projects of their countries. The Voluntary National professionals in the Bank. Our SDGs Digest • SDG2 : Investing in smallholder farmers to Reviews (VNRs) are one mechanism has been growing in terms of content achieve zero hunger to present progress made on the road • Agro-ecology for a Sustainable Development in and circulation. We are also thankful for to the SDGs. The process of preparing of Agriculture the intellectual contribution by partner the VNRs is a great partnership effort • ESSP – Fundamental for achieving SDGs institutions. You will find in this issue over reflecting the involvement of a wide range • Youth Employability Platform (YEP) ! a dozen pieces on a wide variety of SDGs • The SDG8 Global Council toward Economic of stakeholders. Such partnerships are key related topics. I hope you find this issue of Growth and Decent Work in any successful transformation at the the Digest enjoyable and informative! • How Fael Khair Program is Helping Countries to national level. achieve SDGs Articles of this Newsletter reflect the opinion of the Authors Transforming our approach to development for the SDGs WALID ABDUL WAHAB Director General Country Relations and Services Islamic Development Bank s we enter our second year milestone in the Bank’s transformation to the SDGs, the Bank realized that of transformation as a Bank, journey, not because of its new features, it cannot continue operating using we are heading to our 44th but more so because it marks a shift the traditional approach of providing Annual meeting in Marrakesh in the Bank’s approach to financing official development assistance, which Anext month with grand ambitions for projects in member countries. In the represents only a drop (around $140 our member countries on the road to past, the Bank’s financing to member billion in 2016) in the ocean of the $2 achieving the Sustainable Development countries was limited to what the Bank trillion annual financing gap to meeting Goals. Despite the urgency of helping can mobilize on its own balance sheet. the SDGs. His Excellency the President, member countries transform in this The GVC-MCPS, being transformational, IsDB put this transformation in the heart fast changing world (the theme of our is designed to focus on “transformative” of his Five-Year President’s Program next Annual meeting), we had to find the sectors and industries which require (5YP) as he started his first term in 2016. time to first transform ourselves and much more resources than the Bank can Now, the entire transformation journey of the way we approach development – afford relying on its own balance sheet. the Bank is guided by this Program. As as per the famous proverb “An empty Therefore, mobilizing off-balance sheet we close the transition year (2018) of our hand has nothing to give”. Following the resources from the capital market is transformation journey, we look forward organizational reform which focused on one of the key value addition of the new to working with all stakeholders to help moving our most valuable “operational MCPS approach. The Country Relations member countries complete their own assets”, our staff, to the ground in one and Services (CRS) is working closely transformation on the road to meeting of the most ambitious decentralization with Strategy and Transformation (DOST) their own ambitions: the SDGs. moves by any MDB, we are now focusing and Partnership Development to expand on delivering tailored development the Bank’s financial and implementation solutions to member countries using muscles by tapping capital markets our new business model. One of the key and working with various development new tools we are deploying in member players (developers) to deliver higher countries is the Global Value Chains value, country-specific solutions to based Member Country Partnership member countries. Strategy (GVC-MCPS). We started The entire new approach of the Bank with four countries in 2019: Gabon and and its determination to transform Morocco, which we hope to launch itself is motivated by the burning need during the Annual meetings in Marrakesh, of the member countries to meet the and Turkey and Maldives which are SDGs. Realizing the size of the financial progressing at a good pace. Next year, (and knowledge) gap facing countries we plan to start in seven more countries. in meeting their own ambitions as The GVC-MCPS tool is an important articulated in their commitments 2 ISSUE NO.7 6th Open Dialogue of the SDGs Community of Practice: Zakat, SMEs and good governance major imperatives for ending poverty nderstanding the root causes and improving I believe focusing on SDG8, SDG9 & SDG17 the collection and implementation of Zakat, will help us deal with the root causes of development of SMEs and ensuring good poverty and thus make progress on SDG1 governance are among the imperatives required Dr. Bandar Hajjar Ufor ending poverty in IsDB member countries. These were IsDBG President some of the views expressed during the 6th Open Dialogue organized by the Community of Practice (CoP) on SDGs. The theme of the dialogue was: The Road to No Poverty: The Role of IsDB Group in Achieving SDG1. Key dignitaries in attendance during the lively discussion moderated by Dr. Rami Ahmad, Special Envoy on SDGs include IsDB President Dr. Bandar Hajjar, Vice Presidents, CEOs, DGs, Advisors and many staff members. poverty, developing SMEs is the way to go, that was how According to the Vice President, Finance, Dr. Zamir Iqbal, Germany built one of the most successful strategies for the way to end poverty is by improving the collection and ending poverty. implementation of Zakat, adding that studies have shown that if Zakat is property collected, many OIC countries will be lifted out of poverty. In his remarks, Vice President, Administration, Br Sayed Aqa stated: “Good governance is crucial to ending poverty. We need good governance to build strong institutions, that is how to attract investors.” In his opinion, the CEO of ICD, Mr Ayman Seijini said to achieve SDG1 by ending RAJAB 1440 - MARCH 2019 3 Tackling the Root Causes of Poverty technologies, the nature of future jobs, into a growth strategy that transforms all require a comprehensive response member countries’ economies from that future-proof our countries for raw material exporters to competitive emanant approaching fourth industrial industrial economies. Such strategy revolution. Failing to facilitate a empowers member countries to capture coordinated response to this transition an increasing share of strategic global Ahmed Elkhodary may lead to growing trade deficit, value chains to create jobs domestically, Director, Strategy & Transformation fragmentation of our societies, rising upgrade industrial capacity inline with inequalities, increasing urban poverty Industry 4.0 requirements to remain leading to precarious living conditions, competitive, and provide the right balance high living costs and rising crime rates; of risk/return for the capital market to invest more in MCs.
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