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Islamic Solidarity Fund for Development (ISFD) Annual Report 1430H-2009G

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Table of Contents Letter of Transmittal ____________________________________________________________________ 3 Establishment of ISFD ___________________________________________________________________ 4 ISFD Board of Directors___________________________________________________________________ 6 The ISFD - Facts and Figures _____________________________________________________________ 8 Chairman’s Message ____________________________________________________________________ 10 PART ONE ______________________________________________________________________________ 11 The Burden of Poverty in IDB Member Countries - Poverty in an unequal world - Efforts Made by IDB Members Countries in Fighting Poverty - Challenges of fighting poverty PART TWO _____________________________________________________________________________ ISFD Five - Years Strategy (2008-2012) - The Strategy - ISFD Special Programs

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PART THREE ____________________________________________________________________________ 23 Operations in 1430H - programs/Projects Approvals - Sector Distribution of Approved Projects - Country Distribution - Terms & Conditions of Financing - Cofinancing - Partnerships for VOLIP and Microfinance - Looking Ahead PART FOUR _____________________________________________________________________________ 29 Corporate Aspects - Activities of the ISFD Board of Governors - Activities of the ISFD Board of Directors - ISFD Memership PART FIVE _____________________________________________________________________________ Financial Review - Resources of the FUND - Operations Financing - Income - Management of Liquid Funds

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PART SIX _______________________________________________________________________________ 37 Challenges and Prospects - Limited Resource Base of the ISFD - Enhancing Resource Mobilization Efforts ANNEXES ______________________________________________________________________________ 41 Annex I : ISFD Projects’ Profiles – 1430H (2009) Annex II : Contributions to ISFD Capital AUDITED FINANCIAL STATEMENTS ______________________________________________________ 47

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Islamic Solidarity Fund for Development (ISFD)

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Letter of Transmittal

In The Name of Allah, The Beneficent, The Merciful

The Chairman, ISFD Board of Governors Dear Mr. Chairman, Assalam-O-Alaikum Warahmatullah Wabarakatuh In accordance with the Regulations of the Islamic Solidarity Fund for Development I, on behalf of the Board of Directors, have the honour to submit for the kind attention of the esteemed Board of Governors, the Annual Report on the operations and activities of the Islamic Solidarity Fund for Development in 1430H (2009G).  The Annual Report also includes the audited financial statements of the ISFD as prescribed in Article 18 of the Fund’s Regulations. Please accept, Mr. Chairman, the assurances of my highest consideration.

Dr. Ahmed Mohamad Ali President, IDB Group Chairman of ISFD Board of Directors

Annual Report 1430H -2009G

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Establishment of ISFD The Third Extraordinary Session of the OIC Summit held in Makkah, Saudi Arabia, on 7-8 December, 2005 proclaimed the Makkah Declaration with a view to address poverty alleviation challenges in the OIC member states. The Summit underlined the need for cooperation in the fields of poverty alleviation, elimination of illiteracy, eradication of diseases and epidemics, human development, an