The Road to the SDGs

PURPOSE X SDG 9 commits countries to ‘Build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation’. Together with SDG 6 (clean water and sanitation) and SDG 7 (affordable and clean energy), this Goal has the power to change lives for the better in all countries that can take decisive action in these areas. X A wide-ranging partnership between IsDB and APICORP will harness the ambition of these goals to help progress energy, water and waste value-chain projects in their common MCs. X IsDB and APICORP signed a Memorandum of Understanding (MoU) in September 2019 at the World Energy Forum in Abu Dhabi. As a first deliverable of the MoU, IsDB and APICORP plan to establish a private sector-focused US$ 1 billion Economic Infrastructure Facility (EIF) to finance energy, water and waste value chain. The cooperation will: – Address the lack of private sector engagement in infrastructure finance by promoting the use of PPPs in IsDB MCs as an alternative finance solution to public debt – Support the human and economic development of MCs by addressing the need for power and water infrastructure, for which the investment gap is estimated at US$ 200 billion across MCs – Align financing with IsDB’s Global Value Chain (GVC) approach since the industrialisation strategy of MCs is directly linked to internal water supply and power generation capacity. METHOD X The EIF will take the form of a partnership between IsDB and APICORP to identify, negotiate, conclude and jointly execute mandates to arrange structured finance facilities for the sustainable development of the economic infrastructure of their common member states, especially with a focus on power and water. – Combining financial support — IsDB and APICORP will jointly finance the eligible infrastructure projects. – Mutualising resource mobilisation efforts — IsDB and APICORP will jointly mobilise additional financial resources from the syndication market to scale up the initial contribution I sDB and the Arab Petroleum Investments Corporation (APICORP) signed a Memorandum of Understanding for the establishment of a new Economic Infrastructure Facility aimed to address the significant water, energy and waste management challenges facing their shared MCs IsDB-APICORP Economic Infrastructure Facility The IsDB / APICORP US$1 billion Economic Infrastructure Facility will finance energy, water and waste value-chain initiatives in 11 MCs of the Organization of Arab Petroleum Exporting Countries (OAPEC) [ 44 ] SDGs