Islamic Development Bank: Member Country Partnership Strategy

idbThe Member Country Partnership Strategy (MCPS), introduced in 2010 as an outcome of the Islamic Development Bank Reform Agenda, is a tool to mainstream the newly adopted post-reform business model of the IDB Group. This new business model embodies three operating principles of pro-activeness (reaching out to clients instead of waiting to be approached), inclusiveness (seeking the support and cooperation of all stakeholders) and prioritization (allocating available resources to the most urgent and priority needs of member countries). It is thus a strategy document that guides the operations of the IDB Group in its member countries over the medium-term (3-5 years) clearly specifying comparative advantage and niche areas for the IDB Group (IDB, ITFC, ICD, ICIEC and IRTI) as well as financing instruments and role play. The MCPS also endeavours to promote mutually beneficial partnerships among member countries such as transfer of technology, cross-border investments, trade exchanges and sharing of country experiences, etc., which are collectively known as “Reverse Linkages” (RL).

As an IDB Group undertaking, the MCPS is intended to enhance Group synergy and development results by aligning member country priorities with the IDB Group Vision 2020 and capacity. In addition, the MCPS provides the IDB Group a platform for structured dialogue with member countries and other stakeholders with a view to having an “inclusive” country strategy. Through these consultations, the MCPS enables the IDB to forge strategic partnerships and other joint initiatives with many development partners.

“The MCPS also endeavours to promote mutually beneficial partnerships among member countries such as transfer of technology, cross-border investments, trade exchanges and sharing of country experiences.”

The MCPS preparation follows a two steps process. It starts with the formulation of a concept note asserting the importance of the MCPS framework in articulating member country needs; diagnosing member country’s development situation and future aspirations; gauging these against Government’s development strategies and plans; assessing the lessons learnt from IDB’s own experience; suggesting possible support areas for future intervention by the IDB Group, etc. The second step in the process is field visit for consultations with an array of stakeholders including the government, civil society, private sector and development partners, etc., and subsequent preparation of the strategy.

So far, the IDB has prepared nine MCPS on Turkey, Indonesia, Mali, Uganda, Mauritania, Pakistan, Kazakhstan, Senegal, and Morocco. Ten others are under preparation.


You may have an interest in also reading…

Hydro, Hydro, and Off to Work Go Your Euros — RENAIO has its Game Plan All Worked Out

Unique combination of technology and sustainable asset management. Hydropower is key to accelerating and diversifying the global energy transition —

Investing in Africa? Here Are Six Reasons to Choose Ghana

The West African nation is on the rise in several vital areas, including stability and ease of doing business… As

WGB Launches New Country Partnership Framework to Support Azerbaijan’s Sustainable, Inclusive and Resilient Growth

The World Bank Group’s Board of Executive Directors today discussed and endorsed the 2015-2020 Country Partnership Framework (CPF) for Azerbaijan.