Increasing the Resilience of the Food Systems
In Islamic States in Face of Future Food Crises
139
5.4. Assessing the Extent of Cooperation in the OIC
Identifying the Progress to Date
One of the OIC’s priority areas in the 2016-2025 period is agriculture and food security, which
is addressed in its strategic program of action, OIC 2025. This program shows the significance
of this sector for the economic and social development of OIC countries.
Table 74: Summary of OIC Collaboration on Food Security
Area of Cooperation Bodies Involved
Agricultural Project Financing Islamic Development Bank, Standing
Committee for Economic and
Commercial Cooperation of the
Organization of Islamic Cooperation
(COMCEC)
Training Programs and Initiatives Statistical, Economic and Social
Research and Training Centre for
Islamic Countries (SESRIC), COMCEC
Standardization Initiatives The Standards and Metrology
Institute for Islamic Countries
(SMIIC)
Global Development Organizations Food and Agriculture Organization of
the United Nations (FAO)
Source: DinarStandard Analysis
Islamic Development Bank (IsDB)’s aggregate and cumulative agricultural project financing
portfolio totaled $9.4 billion for 866 projects from its inception to the end of 2017,551 with $409
million spent on food related projects in 2017 alone.552 In 2018, IsDB launched a $10 million
Regional Rice Value Chain Development Program for 10 OIC countries, to be implemented in
2018 and 2019.553 It backed the implementation of a $12million Regional Soil FertilityMapping
Project for West Africa, which covered six OIC countries.554 IsDB is also funding a $24 million
agricultural development project for Burkina Faso to reduce rural household poverty and food
insecurity.555 However, the IslamicDevelopment Bank's investments constitute a fraction of the
amounts spent in 2017 alone by the World Bank affiliates. IBRD and IDA together committed
$2,779 million in funding for agriculture, fishing, and forestry in 2017, with OIC countries
receiving a substantial share of disbursements.556
551 “Report of the OIC General Secretariat to the 34th Session of COMCEC.”
content/uploads/2018/11/34-IS-OIC.pdf
552 “Development effectiveness report” IDB. 201
553 “Report of the OIC General Secretariat to the 35th Meeting of the Follow-Up Committee of COMCEC.”
I-13-3-2019.pdf
554 “Report of the OIC General Secretariat to the 35th Meeting of the Follow-Up Committee of COMCEC.”
I-13-3-2019.pdf
555 “OIC – 2025: Programme of Action. Progress Report2017-2018.” OIC. -
556 “Annual report 2018’. World Bank. 2018.