Tracking External Donor Funding.pdf - NDC
Tracking External Donor Funding.pdf - NDC
Tracking External Donor Funding.pdf - NDC
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35.6%, Kuwait at 22.4% and United Arab Emirates at<br />
19%, Qatar at 7% and Algeria at 5%).<br />
Since 2000, 84.4% of Arab funds have targeted<br />
government budget support, with the remaining 15.6%<br />
going to reconstruction projects. As such very little aid<br />
has been channeled through PNGOs.<br />
3.9.1 Review of the Islamic Development Bank<br />
Report – Published July 2009<br />
The Al-Aqsa Fund is managed by the Islamic<br />
Development Bank (IDB) on behalf of the Arab Bank for<br />
Economic Development in Africa; Arab Fund for<br />
Economic & Social Development; Arab Monetary Fund;<br />
Saudi Fund for Development; and The OPEC Fund for<br />
International Development (OFID). Between 2003 and<br />
2008, the Al-Aqsa fund managed a portfolio of around<br />
$462 million.<br />
Amongst the millions of dollars managed by the fund,<br />
very little has entered the PNGO sector. The fund<br />
primarily targets the PA, local governments and<br />
municipalities, emergency relief, building reconstruction,<br />
road constructions and schools. It is worth mentioning<br />
that the Arab Bank for Economic Development in Africa<br />
had a program that aims to economically empower the<br />
poor families (around 12,000 families) through helping<br />
them in establishing their own projects. The budget for<br />
program is $3 million. Those funds are channeled mainly<br />
through PNGOs, such as the Sharek Youth Forum, the<br />
Palestinian Hydrology Group, PARC and others. These<br />
PNGOs directly implement the program, distributing aid<br />
to 2,133 families as of May 2009. A further 1,071<br />
interventions are in the implementation phase and 1331<br />
are being planned.<br />
Besides welfare programs, there is a micro financing<br />
scheme of around $3.38 million also channeled through<br />
private institutions and PNGOs. Between 2003 and 2008,<br />
873 loans were granted and allocated as follows: Faten<br />
granted 250 loans for $1,110,500; Asala granted 205<br />
loans in $706,100; the YMCA granted 110 loans for<br />
$395,000; PARC granted 105 loans for $498,500 and<br />
ACAD granted 203 loans for $674,800. Recently, Faten<br />
received an additional in $500,000 micro financing funds<br />
and Asala received $600,000. According to the report,<br />
the other institutions will all so receive more funding<br />
shortly.<br />
The Welfare Association is one of the primary recipients<br />
of Arab Aid, however not many of the projects funded<br />
utilize PNGO partnerships. For example, the Arab Fund<br />
for Economic & Social Development granted Welfare $4<br />
million from September of 2008 to September of 2010<br />
for renovation and reconstruction old city in Jerusalem<br />
and Nablus. The Arab Monetary Fund also is directly<br />
partnering with the Welfare Association by granting $1.5<br />
million between May of 2008 and May of 2010 to<br />
renovate the old city in Jerusalem, in addition to $1.1<br />
million in support of the Maqased hospital by $1.1<br />
million for 2009 and 2010.<br />
The Saudi Fund for Development is providing $2 million<br />
between 2008-2009 for 10 organizations, PNGOs, and<br />
charities in Jerusalem under the scope of ‘Al Quds<br />
Capital of Arab Culture 2009’ for building, renovation,<br />
machinery and equipment. PNGO partners include: the<br />
YMCA, Silwan Club, Olive Mountain Club, Edward<br />
Said national music institute and others.<br />
Table 17: Commitments and Disbursements of Al-Aqsa Fund<br />
Members (2003 – 2008)<br />
Membership Committed Disbursement Com./Dis.<br />
Islamic Development Bank 62.7 26.5 42.30%<br />
Arab Bank for Economic Development in Africa 58.8 27.7 47.40%<br />
Arab Fund for Economic & Social Development 50 16.4 32.70%<br />
Arab Monetary Fund 43.7 18.7 42.80%<br />
Saudi Fund for Development 41 8.1 19.80%<br />
The OPEC Fund for International Development 8 4 50.00%<br />
The Arab Investment & Export Credit Guarantee<br />
Corporation 1.1 0 0.00%<br />
The Arab Authority for Agricultural Investment<br />
and Development 0.8 0.8 100.00%<br />
Al-Aqsa Fund 196.2 155.3 79.2<br />
Total 461.8 255.5 55.33%<br />
Source: IDB Report, 2009.<br />
Note: Amounts given in Millions USD.<br />
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