One of the priority development goals for ICIEC is to ensure the well-being and economic prosperity of member country populations. Human development efforts from ICIEC include underwriting projects that contribute to access to basic infrastructure and services, including health, nutrition, education and sanitation. Promoting access to these services inherently improves the well-being of and quality of life for member country citizens. In turn, these healthier populations are more productive and are better enabled to contribute back into their country’s economy.
Job Creation
ICIEC recognizes the opportunities presented by the growing working age population within OIC countries and the job creation concerns they face. Through supporting FDI and exporters and facilitating trade, ICIEC contributes to both creating new jobs and sustaining existing ones. As companies increase their exports, they scale up operations, leading to labor demand on the economy and more employment opportunities. ICIEC emphasizes supporting labor- intensive sectors where significant employment opportunities can be created.
Access to Infrastructure
Improving access to infrastructure is among the top priorities for ICIEC’s development impact. ICIEC’s multilateral and preferred creditor status make it an attractive partner for investors and stakeholders embarking on such projects. ICIEC also provides much needed insurance for financing large development projects, particularly in high risk investment countries where mobilizing large sources of finance can be risky without adequate mitigants.
Access to Basic Social Services
ICIEC is also committed to improving access to basic social services particularly health and water services. Supporting access to high quality health care promotes healthier lives for all OIC Member Countries’ citizens leading to higher productivity and overall economic growth. Improving access to water services is crucial for most OIC countries that have scarce water resources and are even more susceptible with climate change.
