Filetype PDF | Posted on 11 Jan 2023 | 2 years ago
Authentication
digital resources
125x Filetype PDF File size 2.83 MB Source: www.isdb.org
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
“Transformation in At the organizational level, and in order poverty. We need
a Fast-Changing to survive and stay relevant, public and to diversify the
World: The Road private organizations are building their economy. Despite
to the SDGs” is capacity to adapt in this fast-changing the youthful
the theme of the world. The question of organizational population in our
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 You hardly find anyone who would Dr. Bandar Hajjar
that ‘transformation’ is a prerequisite argue against transformation, especially IsDBG President
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? of transformations fail for a variety of • Transforming our approach to development, for
the SDGs
At the global level, the 2030 Agenda reasons. Seth Goldstrom of McKinsey sites th
• 6 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
mindset in order to achieve comprehensive capture and track initiatives; misalignment • Parliamentarians for the 2030 Agenda in Arab States
human development, leaving no one of enablers and incentives; and weak • VNRs : How IsDB Plans to Build the Capacity
behind. At the national level, more development of talent and capabilities. • ISFD : Helping Member Countries to Achieve SDGs
countries are mainstreaming the SDGs We look forward to the activities of our • IsDB Member Countries Likely to Miss the
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
to achieve the development aspirations The IsDB’s SDGs Community of Practice is • Islamic Finance and SDGs
of their countries. The Voluntary National grateful to the support of management and • Integrating Innovation in Development Projects
Reviews (VNRs) are one mechanism professionals in the Bank. Our SDGs Digest • SDG2 : Investing in smallholder farmers to
has been growing in terms of content achieve zero hunger
to present progress made on the road and circulation. We are also thankful for • Agro-ecology for a Sustainable Development in
to the SDGs. The process of preparing the intellectual contribution by partner of Agriculture
the VNRs is a great partnership effort institutions. You will find in this issue over • ESSP – Fundamental for achieving SDGs
reflecting the involvement of a wide range • Youth Employability Platform (YEP) !
of stakeholders. Such partnerships are key a dozen pieces on a wide variety of SDGs • The SDG8 Global Council toward Economic
in any successful transformation at the related topics. I hope you find this issue of Growth and Decent Work
national level. the Digest enjoyable and informative! • How Fael Khair Program is Helping Countries to
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
AAnnual meeting in Marrakesh in the Bank’s approach to financing official development assistance, which
next 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
th
6 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
U
for ending poverty in IsDB member countries. These were Dr. Bandar Hajjar
some of the views expressed during the 6th Open Dialogue IsDBG President
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.
According to the Vice President, Finance, Dr. Zamir Iqbal, poverty, developing SMEs is the way to go, that was how
the way to end poverty is by improving the collection and Germany built one of the most successful strategies for
implementation of Zakat, adding that studies have shown ending poverty.
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
Ahmed Elkhodary coordinated response to this transition an increasing share of strategic global
Director, Strategy & Transformation may lead to growing trade deficit, value chains to create jobs domestically,
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
Half a billion increase in MCs What will happen if we don’t change? invest more in MCs. By building better
population by 2030 economies that export to the world
Investment needs to tackle these more exciting, competitive, and diverse
Our Member countries’ (MCs’) population challenges and meet the SDGs in goods and services, we can tackle the
is estimated to increase to 2.2 billion by developing countries stand at US$ root causes of the vicious poverty cycle
2030 from 1.7 billion in 2015 (i.e., half 4.5 trillion per year while total current identified under SDGs 1–7.
a billion). The working youth (15 to 30 investment in developing countries stands Has this been done before? Is there
years) who will continue to represent at US$ 1.4 trillion per year. This leaves an any evidence that this is true? The
most entrants in the workforce will annual investment gap in sectors critical answer is yes and the evidence is
increase by 100 million between 2015 to the SDGs of around US$ 3.1 trillion. For overwhelming. Evidence from the
and 2030. Almost 80% of this growth will IsDB Member Countries, this translates Millennium Development Goals (MDGs)
happen in urban areas resulting in the into annual funding of between US$ 700 shows that success in tackling poverty
proportion of the urban population to billion and US$ 1 trillion. The gap is far on global aggregate level has been
increase from 49% to 56%. -. Mulling over greater than the available ODA funding largely driven by two countries (i.e.,
recent and emerging trends in geopolitics, of US$ 145 billion annually. Thus, public China and India). Upon deeper look
technology and the future of work, climate expenditure needs to increase eightfold to into the secret formula of these two
change and resource constraints, one can meet the funding targets by 2030. Is this countries, one can clearly see that their
envision three existential challenges that sustainable? success has been largely attributed
represent must win battels for member If MCs continue to depend on public to comprehensive transformation into
countries by 2030: spending as the engine of economic competitive industrial economies that
• This rapid demographic growth will growth and on exporting raw material export diverse products by domestic
require our economies to create 10 without first adding value to it or creating firms that create so many jobs. In fact,
million new jobs every year between an enabling environment for investment, evidence also show that countries
now and 2030; It will require also a the natural consequences are increased that failed to make this transformation
wider access to better standards of unemployment, social and political unrest, have not been able to alleviate poverty
social services such as education & vulnerability to climate change, illegal despite all the interventions and good
health to share the benefits of economic immigration and many other outcomes intentions of multilaterals and other global
prosperity with the entire population that drive the whole world – not just MCs- development institutions providing ODA.
and hence diminish inequality and towards a future of fragility with a yet The 1/5/10 Opportunity
strengthen social cohesion. more vicious poverty cycle by 2030.
With 140 months left to solve these This new development orientation
• To meet the SDGs, we currently have challenges (i.e., by the SDGs 2030 horizon) unveiled a massive opportunity for
a significant financing gap of 1 trillion -equivalent to less than two sovereign member countries that can turn the
dollars every year, requiring us going project cycles-, it is becoming urgent to challenges mentioned earlier into a
beyond conventional resources by historical opportunity summarized as
mobilizing new partners, devising new explore alternative development options to the 1/5/10 Opportunity. This refers to
strategies and creating new innovative give MCs the best chance of success. the mobilization of US$ one (1) trillion,
tools and instruments for resource How are we responding? to champion 5 (five) strategic industries
mobilization; globally, which can generate 10 million
IsDB new business model promotes new jobs annually. The president
• The emerging and continuing trends in a change in the global development program (i.e., publication title “The Road
demographics, geopolitics, inequality narrative from focusing on symptoms to SDGs: A New Business Model for a
and exclusion, climate change, and immediate pain points to tackling Fast Change World”) describes in details
resources constraints, urbanization, deep systemic root causes. This is IsDB approach to help member countries
deindustrialization, new emerging achieved by reorienting development realize this historical opportunity and thus
tackle the root causes of poverty.
4 ISSUE NO.7
no reviews yet
Please Login to review.
