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Islamic Development Bank's Lives and Livelihoods Fund (LLF)

The Lives and Livelihoods Fund (LLF), launched in 2016, was created to tackle poverty in the Muslim world. With over 30% of the world's impoverished people living in the Islamic Development Bank's member countries, the LLF will play a critical role in providing affordable financing for the least wealthy countries in the Bank's membership.

LLF provides a combination of grants and concessional loans to support the poorest people by financing projects that improve health, increase agricultural productivity, or build basic infrastructure. By blending grants with affordable loans, the LLF unlocks capital for those that would not normally be able to access this level of financing.

Support provider

IsDB's Islamic Solidarity Fund for Development (ISFD), the Bill and Melinda Gates Foundation, the Qatar Fund for Development, the King Salman Humanitarian Aid and Relief Centre, and the Abu Dhabi Fund for Development

Purpose of support

Project and program implementation

Eligible countries and regions

95% of LLF resources are targeted at the IsDB's least developed as well as lower-middle income member countries. These countries include: Afghanistan, Bangladesh, Benin, Burkina Faso, Cameroon, Chad, Comoros, Cote d'Ivoire, Djibouti, Egypt, The Gambia, Guinea, Guinea Bissau, Indonesia, Kyrgyz Republic, Maldives, Mali, Mauritania, Morocco, Mozambique, Niger, Nigeria, Pakistan, Palestine, Senegal, Sierra Leone, Somalia, Sudan, Tajikistan, Togo, Uganda, Uzbekistan, and Yemen.

Eligibility criteria

The Lives and Livelihoods Fund finances projects in health, agriculture, and

rural infrastructure that meet three criteria: relevance, readiness, and results.

Relevance: Projects financed by the Lives and Livelihoods Fund align
with the mandate of the Fund and the Poverty Reduction Strategy of
the member country benefiting from the finance. Selection of projects
considers the country’s development status and the incidence of poverty.
Readiness: Projects financed by the Lives and Livelihoods Fund are ready
to go. The selection of projects considers the effective delivery of projects
– the quality, maturity, and expected impact.
Results: Projects financed by the Lives and Livelihoods Fund should make
an immediate impact on the lives of ordinary men, women, and children
on the ground. Selection of projects also considers efficiency – the
country’s track record in implementing projects.

Financial instruments

Grants, Market-rate loans

Decision-making information

The IsDB acts as the LLF’s trustee and has established an impact committee (IsDB + donors) and management unit (IsDB) to coordinate the fund’s activities. Development projects are processed in accordance with the IsDB’s project cycle after their approval by the LLF’s Impact Committee.

Monitoring and reporting procedures

Once financing agreements have been signed, the Islamic Development Bank sets up an in-country Project Management Unit (PMU), where necessary, to launch the project and monitor progress.

Information on how to...

Understand steps to access

Develop strong project proposals

Climate objective

Adaptation, Mitigation, Cross-cutting

Sectors and themes

Agriculture, Industry and Infrastructure, Health

Type of support provider

Multilateral

Type of recipient

Public entity at the national level

Fund size

USD 2.5 billion

Co-financing required

Trustee or administrator

Islamic Development Bank (IsDB)

Contact information

https://www.isdb.org/partnership/lives-and-livelihoods-fund

aabdullati@isdb.org

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Islamic Development Bank's Lives and Livelihoods Fund (LLF)

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