Partnership on Sustainable Low Carbon Transport

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Islamic Development Bank (IsDB)

https://www.isdb-pilot.org/

About Islamic Development Bank (IsDB)

The Islamic Development Bank (IsDB) is a South-South multilateral development finance institution established in 1974. IsDB has 57 Member countries and its purpose is to foster the economic development and social progress of its member countries and Muslim communities individually and collectively. The IsDB Group is engaged in a wide range of specialized and integrated activities including Project financing in the public and private sectors; Development assistance for poverty alleviation; Technical assistance for capacity-building; Economic and trade cooperation among member countries; Trade financing; SME financing; Resource mobilization; Direct equity investment in Islamic financial institutions; Insurance and reinsurance coverage for investment and export credit.

 

Location: P.O.Box 5925, Jeddah 21432, KSA

SLoCaT Focal Person:

Ahmed Al Qabany AAlQabany@isdb.org

Salim Refas SRefas@isdb.org

Programs & Projects on Transport & Climate Change

Transport is a key part of IsDB’s project financing with average annual financing of approximately USD 1.5 Billion in the sector. In the Rio +20 Conference, IsDB was one of eight MDBs (ADB. AfDB, CAF, EBRD. EIB, IaDB, IsDB, and WB) that committed $175 billion for transport in developing countries over 10 years, with increasing focus on Sustainable Transport. Since then it has worked with its member countries on developing sustainable transport projects and has measured, monitored and reported on its sustainable Transport lending in a joint annual report with the other MDBs.

In COP21 in Paris IsBD issued a joint statement along with the same 7 MDBs committing to supporting countries implementing sustainable transport solutions by providing critically needed financial and technical support to assist countries in responding to rising aspirations for greater mobility and connectivity, in a sustainable way. This includes stimulating and supporting increased global climate action through transport. In their statement, IsDB and the other MDBs recognized the importance of improving the climate resilience of transport systems, and of working towards building a more systematic approach to mainstreaming climate resilience in transport policies, plans and investments through developing improved tools and methodologies, capacity building and project financing.

Partnership on Sustainable Low Carbon Transport
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