Advancing Food Security and Climate Resilience

On July 28, 2022, in response to the global food crisis triggered by pandemics and geopolitical shocks, the IsDB Group launched the group-wide Food Security Response Program (FSRP), committing USD 10.5 billion over three years to support affected Member States. The Program aims to complement national food security efforts, help avert the ongoing crisis, and strengthen long term resilience across Member States.

From the Program’s inception in July 2022 through to the end of 2025, ICIEC has supported its Member States by facilitating critical food-related international trade transactions and foreign investments through Shariah-compliant risk mitigation solutions. Over this 3.5 year period, ICIEC has approved more than USD 1.462 billion in food-related transactions, almost tripling (2.92x) the pledged commitment of USD 500 million.

ICIEC’s interventions have benefited vast populations across Sub Saharan Africa, the Middle East and North Africa, and Asia. Support has included de risking imports of essential food commodities and agricultural inputs, as well as backing investments aimed at modernizing agriculture and strengthening national and regional resilience against future food shocks.

From ICIEC’s perspective, export credit insurance and political risk insurance are pivotal enablers of climate resilience, playing a decisive role in narrowing the climate‑finance gap and supporting Member States as they adapt to, withstand, and recover from the impacts of climate change. ICIEC has a solid track record of facilitating renewable energy projects from solar to wind to waste-to-energy through ICIEC’s de-risking tools, thereby contributing to the sustainable development of its Member States.

Through its Shariah‑compliant risk‑mitigation solutions, ICIEC not only facilitates sustainable trade and investment across the water–energy–food nexus but also enhances countries’ ability to build climate‑resilient infrastructure, diversify energy systems, strengthen food security, and safeguard critical value chains. Since inception, ICIEC has supported USD 6.8 billion of insurance cover to clean energy projects, reinforcing its commitment to climate action, strengthening collaboration, expanding institutional linkages, and amplifying development impact across its Member States.