The Road to the SDGs

PURPOSE X GVCs are central to IsDB’s work approach and are fundamental to its new business model and the P5P. X Given the novelty of the new area of skills and practice in IsDB, the need has arisen for: – Supporting capacity building – Raising awareness and providing active knowledge exchanges. X Hence IsDB established a Community of Practice (CoP) as an indispensable tool to: – Build staff capacity in GVCs – Build and maintain GVC knowledge transfer at IsDB for the benefit of MCs – Position IsDB as a global knowledge institution. METHOD X In May 2019, IsDB President issued an administrative decision establishing the Global Value Chain Community of Practice for (GVC-CoP). Since then, the GVC-CoP has made significant progress in its mission to build staff capacity in GVCs for the benefit of MCs. X The GVC-CoP aims to mainstream the GVC approach as the new development model of IsDB. X The GVC-CoP rests on three key pillars: – GVC certification training – Knowledge sharing sessions – Online exchange of ideas. X More than 250 IsDB staff members have applied for GVC-CoP training, which shows a willingness among staff to assist in implementing the core principle of the P5P — making markets work for development. ACHIEVEMENTS X Key milestones of GVC capacity building for IsDB staff through the GVC-CoP include the following: – 260 staff members have applied for GVC-CoP certification – 100 staff members have been trained in GVCs – 10 staff members are expected to be certified by the end of 2021 and would be expected to conduct full in-the-field GVC analysis in MCs under the MCPS. X IsDB has successfully participated in many GVC-CoP knowledge exchange sessions with keynote events, including: – ‘GVCs: Prospects for Shared Prosperity’, with a presentation by Dr Muhammed Abdul Khalid, former Economic Adviser Global Value Chains Community of Practice I sDB’s GVC Community of Practice addresses the issues of capacity building, training and knowledge transfer within IsDB to position it as a global knowledge institution The efforts to build expertise in GVCs for a successful implementation of IsDB’s GVC-based MCPS are enabling IsDB to achieve its objective of helping MCs reach their development goals [ 158 ] SDGs