Page 4 - Human Development Division

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Fragility and Resilience Policy
The Division has finalized the first-ever Fragility and Resilience Policy of the Bank. The aim of the Policy is to set standards and strategic direction of IsDB to strengthen institutions, build resilience and contribute to social cohesion and sustainable development in MCs. Building resilience is central to societal capacity to prevent conflict, avoid relapse, and manage the risks of fragility emanating from weak institutions and poor economic governance, among others. The Policy seeks to address the drivers of fragility ranging
from social and economic exclusion and marginalization to unequal development and cultural indignity. The Policy main pillars include: (i) Investing in Prevention concerns preventive actions addressing the root causes of fragility and the risk of conflict accenting the inclusiveness of access and of opportunities to address disparities in society; (ii) Transitioning Relief to Development is about bridging humanitarian assistance and development policies and formulating investments and development operations aimed at the mitigation of the impacts of conflict and fragility as an important second transitional step; (iii) Supporting Recovery and Resilience focuses on reconstruction and recovery of economic, human, social and physical capital of the country and on supporting resilience practices in the aftermath of violent conflict or a deep fragility situation; and (iv) Mobilizing Resources for Resilience underlines the need of providing key financing mechanisms to enable the policy on fragility and resilience. The Policy has gone through internal and external consultations with the IsDB Departments and with MCs, development partners and stakeholders. The Policy has been cleared by relevant proccessing fora of the Bank and submitted to the BED 329 for consideration and approval.