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In addition to its project financing activities, ICD devoted significant time and effort to carry out some parallel tasks deemed essential for the fulfillment of its mandate. These are outlined as follows:

Building necessary infrastructure
During the first year of operation, ICD started to build up its internal procedures through the preparation and internal approval of the accounting manuals, human resources policies and procedures, code of ethics and its investment guidelines. Finally, improving the role of IT within the organization was also given a significant attention in ICD's first year of operation.

Identifying Strategic Partners
Since co-operation with other institutions is regarded by ICD as a key-element for success, it started identifying strategic partners in the last two years. Thus, ICD visited and received delegations from various international, regional and bilateral private financial institutions to build alliances and partnerships.

Establishing Market Presence
Given that ICD is a new institution and its geographical reach is the member countries of IsDB, emphasis was put on promoting its image in its constituencies. Within this framework, ICD visited a number of member countries to introduce itself to the private sector and establish contacts with business people, and participated in several seminars on topics related to its field of activity.

Setting up its organization
ICD currently consists of three departments, namely the Investment and Marketing Department, the Portfolio Management and Treasury Department, and the Corporate Services and Risk Management Department. Moreover, ICD started its operation with 9 staff members, and during the year recruited 4 additional staff members. Effort is also being made to recruit and train the needed staff in order to enable ICD to operate efficiently.

 

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