CHAPTER TWO • OFID OPERATIONS BY SECTOR
Multisectoral: Complex challenges require joined-up solutions
OFID finances projects that ‘cut across’ more than one sector
Strategic context
Simple sectoral approaches to complex national and global sustainable development challenges are inadequate. Recognizing that all 17 of the SDGs are interlinked, OFID works hard to promote a better under- standing of the interdependence within and across sectors. OFID also finances projects that ‘cut across’ more than one sector, such as financial initiatives that support agricul- ture or education.
By the end of December 2018, on a cumulative basis, OFID had approved some $994.7m for multisectoral operations.
Activities in 2018
During 2018, OFID committed
for multisectoral projects $32.75m
During 2018, OFID committed $32.75m for multisectoral projects; most of which was directed to the public sector. A $20m loan was approved to Senegal to help develop agricultural value chains, capacity building and infrastructure. A $10m loan to Tajikistan aims at improving water resource manage- ment by building / modernizing water and sanitation and irrigation systems, and implementing land reclamation initiatives. OFID’s Grant financing consisted of $2.75m, of which $2.25m went toward projects with a strong social component: enhancing host communities’ resilience in Bangladesh and to
2.15 Multisectoral commitments 2018 by region ($m)
20.4 Africa 12.1 Asia 0.3 Multiregional
2.16 Multisectoral commitments 2018 by mechanism ($m)
30.0 Public Sector 2.8 Grant Assistance
restore historic housing and a mosque in Hebron, as well as several multiregional capacity-building initiatives. The remaining $500,000 supported women-owned businesses and entrepreneurship in the Gambia and helped improve living condi- tions for refugees.
A detailed breakdown of operations can be found in Chapter 4. For more information please visit:
http://www.ofid.org/FOCUS-AREAS/ Multisectoral
Total commitments in 2018: $32.8m
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