Enhancing focus on impact
We create a positive impact that goes beyond just the numbers to lift communities out of poverty inspiring generations of generosity around the world.
H.E. Dr. Muhammad Sulaiman Al Jasser, President of the Islamic Development Bank
"We marked 2022 as the beginning of doing things differently at scale with an eye towards greater impact and sustainability. Our 'Big Tent' approach is co-creating solutions in partnership with governments and like-minded stakeholders to transform human capital in member countries, with a stronger emphasis on women and youth. We are also enhancing our results focus to become a more agile, data-driven and digitally-enabled organization, with the Lives and Livelihoods Fund leading the way with its Adaptive Results Based Management (aRBM) model that will help us decode success in a systematic and participatory manner. "
Dr. Hiba Ahmed, Chairman of the LLF Impact Committee
"2022 will be remembered as the year of surreal and unparalleled economic challenges. While the year alone has magnified pre-existing economic disparities, forecasting lower growth rates and sharp decrease in poverty threshold, I am pleased to note that the Lives and Livelihoods Fund is continuing to provide targeted support to help cushion the impact on the most vulnerable countries. Together with our partners, the Fund is working towards long-term growth by fostering economic diversification at the household level, bolstering gender mainstreaming in economic activity, and deliberately strategizing to increase multilateral climate action."
CREATIING PATHWAYS TO LASTING CHANGE
Over 6 years, the scale of the resources we have mobilized through diverse life-saving and livelihoods development projects is massive. Every intervention has reinforced a shared sense of purpose, a clear view of impact, a learning mindset, and a path towards lasting change.
Investments and geographical coverage (2016 – To Date)
LLF in Charts: Portfolio distribution
PROJECTS IN THE SPOTLIGHT
OUR SUCCESS ON THE GROUND
Timeline of 2022 events
Financing (2016 – To Date)
Independent Auditor's Report of Financial Statements
We have audited the accompanying financial statements of Islamic Development Bank – Lives and Livelihoods Fund (the “Fund”) which comprise the statement of financial position as of December 31, 2022, and the related statement of activities and changes in net assets and the statement of cash flows for the year then ended, and the notes to the financial statements, including a summary of significant accounting policies.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Fund as of December 31, 2022, and the results of its activities and changes in net assets and its cash flows for the year then ended in accordance with the Financial Accounting Standards issued by the Accounting and Auditing Organization for Islamic Financial Institutions (“AAOIFI”).
In our opinion, the Fund has also complied with the Shari’ah Rules and Principles as determined by the Group Shari’ah Board of the Islamic Development Bank Group during the period under audit.
The LLF sits at the heart of a dynamic ecosystem of strategic partners driven by a holistic vision, where each partner brings their unique capabilities to the fund, creating a powerful alliance with the skills and expertise to drive economic growth.
Lives and Livelihoods Fund partners reaffirm strong partnership with the Government of Uganda and commitment to socioeconomic development of Ugandan people
14, August 2023
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