15th Meeting of the COMCEC Financial Cooperation Working Group

The 15th Meeting of the COMCEC Financial Cooperation Working Group was held on April 6th, 2021, in a virtual-only format with the theme of “The Role of Islamic Finance in Supporting Microenterprises and SMEs against COVID-19”.

The representatives of  24 Member States, which have notified their focal points for the Financial Cooperation Working Group, attended the Meeting. The meeting was further attended by the representatives of the SESRIC, SMIIC, IsDB, CIBAFI, OIC Exchanges Forum, COMCEC Capital Markets Regulators Forum, OIC-COMCEC Central Banks Forum, Participation Banks Association of Turkey (TKBB), Ziraat Portföy, and COMCEC Coordination Office.

The Representatives of the Member States have shared their experiences, achievements, and challenges on improving the role of Islamic Finance in supporting SMEs against the COVID-19 pandemic. The Meeting has also considered the first case-country study along with the first draft of the research report prepared on the said theme

For further information on the Meeting, follow the links below:

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Final List of the 8th Call for Project Proposals of COMCEC Project Funding is announced

Click here to access the final list.

Successful applicants will be contacted by the COMCEC Coordination Office in the coming days.

 

 

 

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Projects to be financed in 2021 under the COMCEC COVID Response are selected

Click here to access the list of successful projects.

Project owners will be contacted by the COMCEC Coordination Office in the coming days.

 

 

 

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Two Projects under COMCEC Al-Quds Program Are Completed

First two projects conducted within the scope of the COMCEC Al-Quds Program in 2020 were completed.

Under Project One, the characteristics of Al-Quds as a tourism destination were identified and the tourism value chain in the city was analyzed. The road map covering the strategy to improve the tourism sector was developed with a view to guide all stakeholder in the field. The research report covering, among others, such topics will be published on COMCEC web site in the coming months.

In the scope of Project Two, a series of online training programs were organized to improve the qualifications of the staff working in Al-Quds Tourism and Heritage Council (ATHC). Project completion report is currently being drafted and will be shared online in the coming weeks.

For further information;

Related News

› New Capacity Development Program from COMCEC for Al-Quds Al-Sharif

› Second Project under Al-Quds Program kicks off

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Short-list of the 1st Call for Project Proposals of the COMCEC COVID Response

The short-list of the 1st Call for Project Proposals of the COMCEC COVID Response has been announced.

COMCEC Coordination Office will contact focal points whose projects are short-listed in the coming days.

 

 

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The COMCEC 36th Ministerial Session was held virtually on 25-26 November

The COMCEC 36th Ministerial Session was held virtually on 25-26 November.

Click for details.

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Short-list of the Eight Call for Project Proposals of COMCEC Project Funding

The short-list of the Eight Call for Project Proposals of COMCEC Project Funding has been announced.

COMCEC Coordination Office will contact focal points whose projects are short-listed in the coming days.

 

 

 

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Online Training Program on COMCEC COVID Response (CCR) Program was held on October 21st, 2020

During the training, project preparation, submission, appraisal, implementation, monitoring and evaluation procedures in CCR Program was discussed. The participants were also informed regarding the details of the new project types, namely Direct Grant, Needs Assessment and Sharing Expertise.

Presentations made during the Training Program:

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36th Meeting of the Follow-up Committee of COMCEC

The 36th Meeting of the COMCEC Follow-up Committee was held in a virtual-only format on 20-21 October 2020. The Members of the Follow-up Committee namely Turkey (as the permanent chairman), Saudi Arabia, Palestine, Qatar, Malaysia, Nigeria, Kuwait, Indonesia, Niger, and Pakistan participated in the Meeting. The representatives of the OIC General Secretariat and relevant OIC organizations also attended the meeting. Cooperation programs and projects in the fields of trade, transportation and communication, tourism, agriculture, poverty alleviation, and financial cooperation were elaborated on and the draft agenda of the 36th COMCEC Meeting was prepared during the Meeting.

For more details on the meeting, please click here.

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CCO is Calling for Project Proposals under COMCEC COVID Response

COMCEC Coordination Office (CCO) is calling for project proposals to be financed in 2021 under new COMCEC COVID Response (CCR) Program. Applications will be closed on November 15th, 2020.

With a view to address the existing and potential ramifications of the COVID Pandemic, the CCO has decided to initiate the CCR for the benefit of member country public institutions.

The CCR is mainly about alleviating the negative impacts of the pandemic on member country economies with a particular focus on agriculture, trade and tourism sectors in the pilot phase. Under the Program, the CCO will finance certain types of projects, which would focus on needs assessment, sharing expertise, providing direct grants to final beneficiaries and matching inventors with investors.

Need Assessment Brochure

Sharing Expertise Brochure

Direct Grant Brochure

For the details regarding project preparation, submission, appraisal, implementation, monitoring and evaluation procedures, see CCR Guidelines. Other reference documents will be communicated to the relevant COMCEC Focal Points (agriculture, trade and tourism) of the Member Countries through e-mail.

Click here to access themes. These themes have been prepared by considering the results of the questionnaire conveyed  to the Member Countries and the outputs of the COMCEC COVID Consultation Meetings held in July 2020. Themes are not exhaustive and member countries can submit project proposals on other topics.

Member Countries are encouraged to cooperate with the relevant OIC institutions while preparing and implementing their projects under CCR.

Project owners may consider designing certain activities (training, workshop etc.) online due to the circumstances imposed by the pandemic.

Please note that only government institutions can submit project proposals to CCR. NGOs and private sector organizations are not eligible.

Please contact COMCEC Coordination Office (ccr@comcec.org) for further inquiries.

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