2020-2023
Forging Stronger Alliances: ICD’s Evolution in Partnership Strategies
From 2020 to 2023, ICD significantly advanced its partnership strategies to drive economic recovery and sustainable growth.
In 2020, during the COVID-19 pandemic, ICD facilitated private sector financing and launched products to address liquidity challenges. In 2021, ICD expanded its network, forming key partnerships with the CDC Group (UK), Malaysia EXIM Bank, and Saudi EXIM Bank to enhance pipeline sharing and co-financing across Africa and Asia. In 2022, ICD strengthened these alliances with agreements such as the Lines of Finance with the Arab Fund for Economic and Social Development and collaborations with the Africa Finance Corporation and Abu Dhabi Islamic Bank Egypt. By 2023, ICD reached new milestones, securing impactful agreements with Emirates International Investment Company (EIIC), OCP Africa, and the Eastern and Southern African Trade and Development Bank, while deepening ties with major DFIs and IFIs like the Asian Infrastructure Investment Bank and International Financial Corporation. Through these initiatives, ICD strengthened its commitment to driving private sector growth and promoting sustainable development across its member countries.
Key Achievements
Launched initiatives to facilitate access to finance during the COVID-19 pandemic, including innovative products for liquidity.
Formed partnerships and signed multiple MOUs in 2021, including with CDC Group (UK), Malaysia EXIM Bank, and Saudi EXIM Bank.
Lines of Finance cooperation agreement with the Arab Fund for Economic and Social Development.
MOUs with Africa Finance Corporation and Abu Dhabi Islamic Bank Egypt for enhanced collaboration.
Intensified workshops and consultations with other development finance institutions (DFIs) and multilateral banks.
Signed agreements with Emirates International Investment Company (EIIC), OCP Africa, and the Eastern and Southern African Trade and Development Bank.
Collaborated with major DFIs such as the Asian Infrastructure Investment Bank (AIIB) and International Financial Corporation (IFC).