Since inception, ICD has prioritized private sector development, recognizing its crucial role in job creation, expanding export opportunities, and driving sustainable and inclusive growth.

ICD’s commitment to fostering private sector growth and tackling global issues such as energy access and infrastructure is reflected in its actions. In 2024, ICD’s project approvals amounted to USD 663 million, achieved through extending financial support to partner institutions and investing in initiatives. This year’s approvals were categorized into term finance (50.98% share), and line of finance (49.02% share), aligning with ICD’s strategic shift toward credit financing. With this, cumulative project approvals have now reached USD 7.58 billion since inception.

Sectorally, 49.02% of new project approvals were allocated for the finance sector, followed by non-financial sector investments focusing on high-impact sectors such as industry and mining (20.43%), transportation (12.02%) and energy (11.16%). In terms of regional distribution, (60.94%) of project approvals were allocated to Europe and Central Asia, followed by Sub-Saharan Africa (15.69%), Asia (15.08%), and the Middle East and North Africa (8.30%).

In 2024, disbursements showed a significant increase in efficiency. A total of USD 526.76 million was disbursed, up from USD 438.78 million in 2023. The finance sector received the largest share, making up 75.68% of total disbursements, while the remaining allocations were as follows: 21.36% to the industry and mining sector, 1.94% to infrastructure, and 1.02% to oil & gas storage & transportation. Overall, the disbursement-to-approval ratio reached 79%.

Since its inception, ICD has delivered approximately USD 7.58 billion in cumulative approvals and over USD 5.06 billion in disbursements for private sector development.

Since its inception in 1999, ICD has approved 575 projects totalling USD 7.58 billion. These approvals have supported a range of sectors, including finance, infrastructure, agriculture, manufacturing, and energy. With operations in 48 member countries, ICD continues to make a significant impact across diverse industries.

ICD’s approvals showcase the extensive geographic scope of its operations. By the end of 2024, ICD’s investment initiatives extended across 48 member countries, encompassing various regional and global projects across diverse economies. Among these, the Europe and Central Asia (ECA) region accounted for 27.43% of gross approvals, trailed closely by the Middle East and North Africa (MENA) at 22.49%, Sub-Saharan Africa (SSA) at 20.66%, and the Asia region at 15.78%. Additionally, projects bridging regions and covering multiple countries accounted for 13.62% of gross approvals.

ICD has disbursed a total of approximately USD 5.04 billion since inception. Disbursements vary according to product, with line of finance and term finance projects accounting for the largest proportion (49.89% and 32.25%, respectively). Equity operations accounted for 12.23%, followed by Investment Funds at 5.63%.