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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 />

56

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