The Bank recognizes that the participation of women in the socio-economic development process is necessary to achieve economic prosperity, poverty reduction, and comprehensive human development in its Member Countries.
To gain a better understanding and visibility of women issues within its Member Countries and to align with the global development discourse, the Bank formed the IsDB Women Advisory Panel in 2004. In 2005, the IsDB Prize for Women's Contribution to Development was instituted as a key recommendation from the Panel.
The Prize draws international attention to the vital role women play in contributing to the development of their communities and, hence, to the world at large. It has been recently changed into the IsDB Prize on Women and Girls' Empowerment in Education.
Programs & Projects
In pursuit of an inclusive and sustainable socio-economic development of the Member Countries, the IsDB funded innovative women's empowerment focused projects and programs to be implemented by NGOs and in collaboration with other entities of the IsDB Group, such as ITFC. In 2019, the Resilience and Social Development (RSD) Department supported six NGO grant operations benefitting women with a total amount of USD$ 1 million.
This includes grants to NGO's promoting girls' education in Pakistan, Burkina Faso, Senegal, and Togo for a total amount of USD$ 378,000. In support of entrepreneurship, microfinance and financial inclusion of women and youth, the WYE supported NGO projects in Azerbaijan, Indonesia, and Tajikistan with a total amount of USD$ 472,000.
In addition, collaboration and synergies among the Bank Group's entities were reinforced; WYE Division collaborated with ITFC under the She Trades program, with IsDB's contribution of USD$ 150,000, to support businesswomen in the food processing sector in Morocco to sustain and grow their businesses as well as connect women entrepreneurs with the global value chains.