The International Islamic Trade Finance Corporation Executes its First Standalone LC Confirmation Transaction
ITFC’s approval supports the timely import of fertilizer for agriculture and agri-food processing industries in Bangladesh while enhancing food security and boosting intra-OIC trade flows
The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, has advised and confirmed the first standalone Letter of Credit in favour of Groupe Chimique Tunisien in Tunisia under the recently approved LC Confirmation Facility. The LC which was issued by City Bank Ltd…