The International Islamic Trade Finance Corporation Unveils the Annual Development Effectiveness Report (ADER) Titled ‘Towards a Resilient Trade’ ITFC’s role is to ensure that the Corporation’s resources are deployed where they have the greatest catalytic role in attracting private capital and addressing market gaps JEDDAH, Kingdom of Saudi Arabia, July 5, 2022/APO Group/ -- The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank Group (IsDB), has officially unveiled the Corporation’s Annual Development Effectiveness Report (ADER), titled ‘Towards a Resilient Trade’.  The main themes showcased in the ADER report include the following: Commenting on the official launch of the Report, Eng. Hani Salem Sonbol, Chief Executive Officer of ITFC, stated: “At ITFC, achieving results in terms of development effectiveness, or contribution to development, is just as crucial as the amount of trade we finance. This is the reason ITFC is also emphasizing ways to promote inclusive trade, rising to the challenge of regional integration, fostering partnerships to achieve the UN SDGs, and continuing to lay the foundation for sustainable trade. We are pleased to formally present an overview of the sixth edition of the ITFC's Annual Development Effectiveness Report in this context. The pandemic has demonstrated that partnership and synergy provide the best pathway for dealing with global emergencies, enabling us to make a bigger impact that acts as a strong catalyst for development.” ITFC’s role is to ensure that the Corporation’s resources are deployed where they have the greatest catalytic role in attracting private capital and addressing market gaps. Despite the challenges presented by the ongoing COVID-19 pandemic, ITFC and the Corporation’s strategic partners delivered some impactful results in 2021 as the ADER report highlights: During disrupted times, ITFC played a key role in keeping trade flowing and in sustaining critical supply chains such as energy, food, and health: To fill trade finance gaps among underserved groups, ITFC provided SMEs, smallholder farmers, and female-led businesses, with access to finance and a unique network and platform to connect to markets. Download Executive Summary here (https://bit.ly/3uo8pSM) Download Full Report Here (https://bit.ly/3aj05gv) Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).Contact Us: Tel: +966 12 646 8337 Fax: +966 12 637 1064 E-mail: ITFC@itfc-idb.org Website: www.ITFC-idb.org Social Media: Twitter: https://bit.ly/3zqHqJH   Facebook: https://bit.ly/3926snF LinkedIn: https://bit.ly/3Q6JCMl About the International Trade Finance Corporation (ITFC): The International Islamic Trade Finance Corporation (ITFC) is a member of the Islamic Development Bank (IsDB) Group. It was established with the primary objective of advancing trade among OIC member countries, which would ultimately contribute to the overarching goal of improving socioeconomic conditions of the people across the world. Commencing operations in January 2008, ITFC has provided US$61 billion of financing to OIC member countries, making it the leading provider of trade solutions for these member countries’ needs. With a mission to become a catalyst for trade development for OIC member countries and beyond, the Corporation helps entities in member countries gain better access to trade finance and provides them with the necessary trade-related capacity building tools, which would enable them to successfully compete in the global market.