The Islamic Development Bank is working to improve the lives and livelihoods of those we serve. To promote social and economic development in Member Countries and communities worldwide, delivering impact at scale. We provide the infrastructure and training needed for people to lead better lives and achieve their full potential.
We believe all people have the right to live in dignity and prosperity, and that nurturing economic growth is the best route out of poverty. We equip people to drive their own economic and social progress at scale, putting the infrastructure in place to enable them to fulfill their potential. We build collaborative partnerships between communities and nations across the public and private sectors.We foster innovative and sustainable solutions to the world's greatest development challenges, as we work towards the United Nations Sustainable Development Goals.
IsDB Member Countries (MCs) are facing rapid demographic changes with the total population expected to reach 8.5 billion by 2030, with youth representing 65% of that number; and with an estimated 100 million new entrants to the job market between 2015 and 2030. This is coupled with a huge financing requirement to implement the Sustainable Development Goals that has increased from billions to trillions of US$, exceeding the capacity of any single institution or state. Thus, the need for partnership has never beenmore urgent as it is now.
The Bank's business model is based on strengthening the competitiveness of MCs in the strategic industries in which they have a comparative advantage, creating local value chains while integrating them with global value chains, embedding science, technology and innovation into the value chains, and leveraging innovative Islamic finance and partnership modalities. The new business model prioritizes the building of human capital and recognizes the entrepreneurs' role as leaders in the transformation journey. Over the past two years, we have created awareness of the magnitude and implications of these global changes and what needs to be done, both at the level of the Bank's staff and at that of MCs. Shifting from an economy that depends entirely on the export of raw materials into an industrialised economy requires creativity and patience while keeping one fundamental question in focus: "What would happen if IsDB does
not change its business model and MCs do not change their development models?"
In this report, we will tackle three fundamental questions, "What will the world look like by 2030?", "How should development change for 2030 and beyond?", and, “What kind of oppurtunities lies ahead for our member countries?”