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International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC) Delivers Impactful Trade Solutions in 2023 Amid a Changing and Challenging Global Environment
    • International Islamic Trade Finance Corporation (ITFC) Delivers Impactful Trade Solutions in 2023 Amid a Changing and Challenging Global Environment (AR)
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Delivers Impactful Trade Solutions in 2023 Amid a Changing and Challenging Global Environment

The Annual Report Showcases ITFC Navigating Change and Driving Impact to Deliver Major Milestones and Significant Achievements

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank Group (IsDB), proudly announces the release of its 2023 Annual Report, on the them "Navigating Change, Driving Impact." This report demonstrates ITFC's resilience and adaptability in supporting its member countries through strategic trade financing and…

International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC) Signs Multiple Agreements with Member Countries and Strategic Partners
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Signs Multiple Agreements with Member Countries and Strategic Partners

Agreements Signed on the Sidelines of the 2024 Islamic Development Bank Group (IsDB) Annual Meetings

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, commenced the first day of the 49th IsDB Group Annual Meeting with a series of strategic meetings and important signings. Held at the Intercontinental Hotel, Riyadh, the first day of the annual meetings…

International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC) Signs US$ 600 Million Annual Plan with the Islamic Republic of Pakistan (1)
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Signs US$600 Million Annual Plan with the Islamic Republic of Pakistan

The collaboration aims to provide vital financial resources to facilitate the importation of essential commodities crucial for Pakistan's economic well-being

The International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group signed a US$600 million Annual Plan with the Government of Pakistan. The Plan reflects the longstanding cooperation between ITFC and the Islamic Republic of Pakistan and demonstrates the ITFC steadfast commitment to bolstering…

International Islamic Trade Finance Corporation (ITFC)
Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) & Islamic Solidarity Fund for Development (ISFD) Ink US$ 150 Million Partnership to Support Least Developed Member Countries (LDMCs)

The initial beneficiaries of this program are Benin, Burkina Faso, The Gambia, Mali, Senegal, Sierra Leone, Togo, Chad, Comoros, Djibouti, Mauritania, and Uganda

The International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-idb.org) and the Islamic Solidarity Fund for Development (ISFD), both members of the Islamic Development Bank (IsDB) Group, have announced the signing of the Trade Finance Support Program for the least developed member countries (LDMCs) affected by the COVID-19 and the food security…

International Islamic Trade Finance Corporation (ITFC)

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    • ITFC and SESRIC Launch Report on the Potential Economic Impacts of the AfCFTA on selected OIC Countries
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) and The Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC) Launch Report on the Potential Economic Impacts of the AfCFTA on selected OIC Countries

The Report provides a new perspective on selected OIC Countries: Côte d’Ivoire, Egypt, Guinea, Mozambique, Tunisia and Uganda; and highlights importance of creating regional value chains and support smart infrastructure investment projects to improve connectivity

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) and its partner the Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC), today launched a technical report on the potential impacts of the African Continental Free Trade Area (AfCFTA) on selected OIC countries, namely Côte d’Ivoire, Egypt, Guinea, Mozambique,…

International Islamic Trade Finance Corporation (ITFC)
Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) signs a US$ 250 Million Framework Agreement to support the Development of Key Economic Sectors in the Republic of The Gambia

The agreement aims at boosting trade development across the country’s agriculture, energy, healthcare, and private sectors over a period of five years

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IDB) Group, has signed a new 5-Year Framework Agreement in favour of the Government of The Gambia that target to provide up to US$ 50 million to the country on an annual basis. The agreement,…

International Islamic Trade Finance Corporation (ITFC)
Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation (ITFC) and the Islamic Development Bank partner to Boost Institut Pasteur de Dakar’s and a network of African laboratories on COVID-19 Biomedical Research Program through IsDB Reverse Linkage Mechanism

The Institut Pasteur de Dakar is a biomedical research center in Senegal and its influence extends to West Africa and beyond

The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org/)  and the Islamic Development Bank (IsDB), are to support Institut Pasteur de Dakar (IPD) based in Senegal with medical equipment and biomedical research in the fight against COVID-19 across a network of laboratories in several Sub-Saharan African countries. This intervention is facilitated through…

International Islamic Trade Finance Corporation (ITFC)
Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation Signs US$8 Million Trade Finance Agreement with Uzbekistan based ‘Trustbank’

This Line of financing is in line with ITFC’s ‘Recovery Response Program’ (RRP), aimed at mitigating the adverse socio-economic impact of COVID 19 which is expected to last longer than immediate health impact of the virus

The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org/), member of the Islamic Development Bank (IsDB) Group, signed a US$8 million Murabaha-structured line of trade finance with the private joint stock bank, Trustbank in Uzbekistan, to minimize the impact of COVID-19 by supporting the import and pre-export financing needs of SMEs…

International Islamic Trade Finance Corporation (ITFC)
Source: International Islamic Trade Finance Corporation (ITFC) |

Joint Statement by heads of multilateral development banks and the World Trade Organization (WTO) on supporting trade finance during the COVID-19 crisis

Since the beginning of the COVID-19 outbreak, multilateral development banks have stepped up trade finance programs to support essential imports and key exports

The COVID-19 pandemic has provoked the deepest economic downturn of our lifetimes. In addition to the ongoing shocks to supply and demand, international trade has been affected by a reduction in the supply of trade finance. Risk perceptions about non-payment in international trade are at the highest levels in a…

International Islamic Trade Finance Corporation (ITFC)
Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation Finances Afreximbank with US$200 Million COVID-19 Response Package for the Agriculture Sector in Sub Saharan Africa

Murabaha financing agreement delivers critical support for thousands of farmers exporting food commodities across the continent as COVID-19 impacts global food commodity prices

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, signed a US$200 million syndicated Murabaha financing agreement with the African Export-Import Bank (Afreximbank), a multilateral financial institution established by African governments and institutional investors. The facility seeks to help African countries address some…