The Common Performance Assessment System

Transcription

1 The Common Performance Assessment System of the Multilateral Development Banks COMPAS 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 3

2 The Common Performance Assessment System of the Multilateral Development Banks COMPAS Islamic Development Bank Group

3 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 June 2015

4 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 3

5 Institutional profiles African Development Bank Operational highlights In 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 African Development Fund (ADF) operations amounted to UA 2.27 billion, an increase of about 20.1 per cent from 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 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. 4

6 Financial resources As of 31 December 2013, the Bank had authorized capital of UA billion (approximately US$103 billion), subscribed capital of UA billion (approximately US$100.3 billion), paid-up capital of UA 4.96 billion (approximately US$7.6 billion), callable capital of UA 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, 2013 Environment 0.3% Multisector 12.6% Agriculture 12.0% Central Africa 6.8% Finance 8.1% Social 9.4% Multinational 24.8% East Africa 16.8% Water supply and sanitation 8.4% North Africa 6.4% Transport 32.2% Energy 16.0% West Africa 27.8% Southern Africa 17.3% Communication 1% 5

7 Main operational activities Lending Amount (UA million) Number of operations Grants Amount (UA million) Number of operations Of which: Technical assistance Amount (UA million) Number of operations Project grants Amount (UA million) Number of operations Other grants Amount (UA million) Number of operations Loans and grants subtotal Amount (UA million) Number of operations Other approvals Amount (UA million) Number of operations Of which: Equity participation Amount (UA million) Number of operations Guarantees Amount (UA million) Number of operations TOTAL APPROVALS Amount (UA million) Number of operations

8 Asian Development Bank Operational highlights The 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 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 It adopted a revised framework in January Vision AsDB envisions an Asia-Pacific region free of poverty. Mission The 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. Members AsDB has 67 members: 48 from the Asia-Pacific region and 19 from other parts of the world. Offices AsDB 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). Staff As of 31 December 2013, AsDB had 2,969 employees from 61 of its 67 member countries. Financial resources As 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. 7

9 Main operational activities Lending Number of projects Commitments ($US million) Disbursements ($US million) Equity investments Amount ($US million) Number of investments Grants Amount ($US million) Number of operations Technical assistance Amount ($US million) Number of activities Guarantees Amount ($US million) Number of operations Trade Finance Facilitation Program a Supply Chain Finance b Amount ($US million) a b - Direct value-added (DVA) cofinancing Amount ($US million) Number of projects TOTAL OPERATIONS including DVA cofinancing Distribution of AsDB lending by sector, 2013 Distribution of AsDB lending by country, 2013 Multisector 12% Water supply and other municipal infrastructure and services 11% Agriculture and natural resources 5% Education 4% Energy 26% Myanmar 5% Uzbekistan 5% Viet Nam 6% Other DMCs 18% India 18% Transport and ICT 26% Public sector management 8% Finance 4% Health and social protection 4% Industry and trade 0% Bangladesh 7% Philippines 7% Indonesia 8% China, People s Republic of 15% Pakistan 11% 8

10 European Bank for Reconstruction and Development Operational highlights In 2013, the European Bank for Reconstruction and Development (EBRD) signed 392 projects across 30 countries, nearly matching the record of 393 projects in 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 Tunisia 1 which accounted for 5 per cent of the bank s total annual investment in Vision EBRD 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. Mission The 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. Members EBRD is owned by 64 countries and two intergovernmental institutions. Offices EBRD headquarters are in London, United Kingdom. As of 31 December 2013, it had 39 resident offices in 31 countries with operations. Staff As of 31 December 2013, EBRD had 1,781 employees, including 429 in resident offices. Financial resources As 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. 9

11 Distribution of EBRD investment by sector, FY2013 Distribution of EBRD investments by region, FY2013 Infrastructure 20% Energy 21% Russian Federation 21% Central European and Baltics 19% Turkey 11% South-eastern Europe 19% Industry, commerce and agribusiness 31% Financial institutions 28% Eastern European and Caucasus 18% Southern and Eastern Mediterranean 5% Central Asia 7% Main operational activities Lending Number of projects Commitments ($US million) Disbursements ($US million) Equity investments Amount ($US million) Number of investments Grants a Amount ($US million) Number of operations Technical assistance Amount ($US million) Number of activities Cofinancing (commercial) b Amount ($US million) 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. 10

12 Inter-American Development Bank Group 1 Operational highlights Inter-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. Vision IADB 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. Mission IADB 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. Members IADB 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. Offices The 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. Staff IADB has 1,956 staff members, 638 of whom are located in country offices. IIC has a staff of 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. 11

13 Financial resources IADB: 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 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 IIC also has access to a total of US$583 million in committed credit facilities. IADB distribution of lending by sector, 2013 IADB distribution of lending by region, 2013 Social sector 17% Social sector 10% Social sector 17% Social sector 10% Structured and corporate finance 28% Institutions for development 25% Structured and corporate finance 28% Institutions for development 25% Opportunity for the majority 6% Integration and trade 2% Infrastructure and environment 29% Opportunity for the majority 6% Integration and trade 2% Infrastructure and environment 29% IIC distribution of approvals by sector, 2013 IIC distribution of approvals by region, 2013 Education 1.3% Textiles, apparel and leather 1.3% Oil, gas and mining 1.4% Health services and supplies 2.4% Distribution and retail 2.5% Construction, materials and fixtures 2.5% Wood, pulp and paper 3.5% Energy and power 4.3% Others 5.4% Agricultural products 9.2% Financial services 65.8% Andean countries 30.3% Southern cone 25.7% Caribbean 0.1% Mexico and Central America 43.9% 12

14 Main operational activities Lending Number of projects IADB Of which SG a Of which NSG b IIC MIF c Commitments (US$ million) IDB Of which SG Of which NSG IIC MIF Disbursements (US$ million) IDB Of which SG Of which NSG IIC MIF Concessional lending d Number of projects Commitments (US$ million) Disbursements (US$ million) Grants e Amount (US$ million) Number of operations Technical assistance f Number of activities IDB IIC MIF Amount ($US) millions IDB IIC (donor approvals) MIF

15 Main operational activities Cofinancing Number of projects IDB IIC MIF Amount (US$ million) IDB IIC MIF 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. 14

16 International Fund for Agricultural Development Operational highlights In 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$103.0 million, in the context of the Adaptation for Smallholder Agriculture Programme (ASAP). The total value of approved IFAD loan and grant operations in 2013 was US$ 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 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. Vision IFAD 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. Mission IFAD 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 , 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. Members As of 31 December 2013, IFAD had a total membership of 172 countries. Offices IFAD headquarters are in Rome, Italy, with smaller offices in 40 partner countries. Staff IFAD 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. 15

17 Financial resources IFAD 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 IFAD s three-year US$3.0 billion programme of loans and grants for the Ninth Replenishment period ( ), combined with cofinancing, is expected to result in total investments in agricultural development, poverty reduction and improved food security of US$6.6 billion. Main operational activities Loans and DSF grants Number of projects approved Approved amount (US$ million) a Disbursements (US$ million) Grants Number of grants approved Amount (US$ million) Cofinancing Amount (US$ million) a Includes new projects (loans and DSF grants) and additional financing (loans and DSF grants). Source: IFAD, Annual Report IFAD distribution of lending by region, 2013 IFAD distribution of lending by sector, 2013 Near East, North Africa and Europe 10% Latin America and the Caribbean 13% Asia and the Pacific 28% West and Central Africa 29% East and Southern Africa 21% Other subtotal 15% Small and micro enterprises 7% Rural financial services 13% Policy and institutional support 16% Agriculture and natural resource management 23% Community-driven and human development 12% Market and related infrastructure 16% 16

18 Islamic Development Bank Group Operational highlights Islamic 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). Vision IsDB: 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. Mission IsDB: 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

19 Members IsDB: 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. Offices IsDB: 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. Staff IsDB: IsDB has 1,134 employees. ICD: ICD has 117 employees. Financial resources IsDB began operations in 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). 18

20 Capital resources of IsDB Group members, FY2013 Member Authorized capital Subscribed capital Paid-in capital Amount in US$ billion IsDB a ICD ICIEC a ITFC 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. IsDB crdinary capital resources lending by sector, 1434H (corresponding to FY2013) IsDB ordinary capital resources lending by region, 1434H (corresponding to FY2013) Urban services 13% Agriculture 16% Europe and Central Asia 14% Sub-Saharan Africa 25% Transportation 23% Education 18% Asia 14% Other 0% Health 2% Energy 37% Middle East and North Africa 47% Finance 1% 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). 19

21 World Bank Group Operational highlights World 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 , 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. Mission At 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 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. Members IBRD has 188 member countries; IDA has 172; and IFC has 184. Offices The 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. Staff The 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. 20

22 Financial resources (US$ million FY2014) IBRD IDA IFC Operating income Loans outstanding (IBRD) Development credits outstanding (IDA) Total committed portfolio (IFC) Total assets Total equity Main operational activities (IBRD, IDA, IFC) FY08 FY09 FY10 FY11 FY12 FY13 FY14 Lending Number of projects Commitments (US$ million) Disbursements (US$ million) Equity investments (IFC) Amount (US$ million) Number of investments Technical assistance (IDA, IBRD) a Number of activities Cofinancing b Amount (US$ million) Number of projects c 30 c 26 c N/A N/A Guarantees and risk management (IFC) Amount (US$ million) (guarantees) + 60 (RM) (guarantees) (RM) (guarantees) (RM) (guarantees) + 30 (RM) Number of Projects (guarantees) + 10 (RM) 227 (guarantees) + 9 (RM) 221 (guarantees) + 30 (RM) 217 (guarantees) + 20 (RM) 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. 21

23 IBRD and IDA lending by region, FY2014 IBRD and IDA lending by sector, FY2014 Water sanitation and flood protection 11% Telecommunications and information technologies 1% Private equity and investment funds 3% Oil, gas and mining 3% Global 0% South Asia 9% Latin America and the Caribbean 24% Transportation 17% Public administration, law and justice 22% Information and communicationa 1% Agribusiness and forestry 7% Manufacturing 7% Consumer and social services 9% Manufacturing 7% Industry trade 4% Middle East and North Africa 14% East Asia and the Pacific 16% Europe and Central Asia 19% Sub-Saharan Africa 18% 22

24 2 Islamic Development Bank Group