- Saudi Arabia
The Islamic Development Bank Group (IsDBG) is a South-South multilateral development finance institution established in 1973. The current membership of the Bank is 57 countries located across Africa, Asia, Europe, and South America. The mission of the institution is to promote comprehensive human development, with a focus on the priority areas of alleviating poverty, improving health, promoting education, improving governance and prospering the people in accordance. There is strong empirical and economic evidence that shows women’s empowerment is the key to achieving sustainable social and economic development. Recognizing that the low socio-economic status of women is a major challenge facing the Muslim World, while also acknowledging that their participation and socio-economic status is a prerequisite for achieving sustainable development, the Bank included the empowerment of women as one of the nine critical focus areas of the Bank’s long-term strategic framework, the IsDB 1440 Vision.
Recognizing that women and girls face numerous barriers, which marginalize and often prevent them from actively engaging and participating in socio-economic spheres within their communities, the Bank will give specific attention to address and establish specific initiatives to ensure their full participation in the development process. Accordingly, the Bank will develop a Women’s Empowerment Policy to set the guiding principles and operational objectives of the institution in integrating women empowerment measures within the development work of the Bank.
Femconsult is contracted to develop the Women’s Empowerment Policy for the IsDBG based on a well formulated technical paper. This will be achieved through the conducting of an analysis to identify the current practice, the strengths and weaknesses at the organizational level, current institutional practices, and staff capacity.