The Road to the SDGs

PURPOSE X Economic empowerment is one of the pillars of the P5P to address the transformational changes faced by IsDB MCs. It aims to transform people who are aid-dependent into empowered individuals with dignity and to integrate them into the development ecosystem by making markets work for their benefit through incubation and partnerships. X The strong complementary goals of the P5P and economic empowerment will create the synergy needed to achieve mutual objectives: – Involving the poor in productive activities; engaging value chains of products with comparative advantage locally and globally; creating decent jobs through linking the poor producers to markets and providing them with fair market opportunities to maximise their benefits – Establishing an effective network of regional and international partnerships to mobilise the financial and technical resources necessary for the success and sustainability of economic empowerment initiatives in MCs – Making Islamic financial modes widely available and enabling the poor to engage in economic activities by participating in value chains; increasing and promoting the demand for Islamic finance in the targeted MCs – Targeting the poor and fragile groups in MCs and helping them to overcome various obstacles and barriers that prevent them from accessing the markets; supporting the rapid implementation of crisis recovery programmes in MCs – Highlighting and reinforcing IsDB’s role as a global leader; leveraging the knowledge generated by the initiatives to enhance operations and make it possible to transfer the knowledge to other target countries, allowing for the expansion and replication of economic empowerment initiatives globally. METHOD X The economic empowerment portfolio assets managed by IsDB or external managers on behalf of IsDB are governed by IsDB’s Economic Empowerment Investment Policy (EEIP). This covers investments in economic empowerment operations derived from various sources including IsDB’s ISFD, ordinary capital resources (OCR) and trust funds provided by donors. X The EEIP focuses IsDB’s future economic empowerment initiatives on: – Addressing the poverty alleviation and employment creation needs of MCs – Aligning operations to support I sDB’s Economic Empowerment Investment Policy guides IsDB’s future economic empowerment operations and provides a framework for investing with the poor for mutual profit and impact Economic Empowerment Investment Policy The enabling infrastructure of the Economic Empowerment Investment Policy will help IsDB to promote economic empowerment to its partners and design appropriate solutions that meet their needs [ 72 ] SDGs