IsDB’s Commitment to Climate Change and its Sector Strategies

To demonstrate its commitments to climate action, the IsDB approved its first Climate Change Policy in February 2019. The policy emphasizes mainstreaming climate action in all the Bank’s operations, promoting climate change resilience and green growth and supporting the transition to a green economy as three main pillars of the climate change policy. The IsDB remains committed to achieving universal access through sustainable energy sources in member countries. The IsDB Energy Sector Strategy 2021-2025 aims to address energy inequality and lack of affordability as well as access to clean and sustainable energy options. The Bank’s Transport Sector Strategy 2021-2025 focuses on the objectives of developing transport solutions that contribute to human inclusion among the neediest populations and improving the performance of transport solutions that contribute to population prosperity. The Bank developed its first Water Sector Policy in 2020 which provides a common framework for water operations within the IsDB and establishes the basis for the co-development of projects and programs in member countries. Within its Agriculture Sector Strategy 2020-2025, the Bank is committed to increasing its investments in raising the productivity of small farm agriculture, building resilience to climate change, improving access to markets, and strengthening the capacity of member countries.