International Islamic Trade Finance Corporation (ITFC)
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    • During the Last Edition of IATF in Durban, South Africa, The International Islamic Trade Finance Corporation (ITFC) Organized Two Side Events, Under the AATB Program, to Share its Vision and Programs Aiming to Accelerate Trade Across the African Continent
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Source: International Islamic Trade Finance Corporation (ITFC) |

During the Last Edition of IATF in Durban, South Africa, The International Islamic Trade Finance Corporation (ITFC) Organized Two Side Events, Under the AATB Program, to Share its Vision and Programs Aiming to Accelerate Trade Across the African Continent

The week-long event saw the attendance of a diverse audience including government officials, policy-makers, industry leaders and institutional heads from African countries and other regions to discuss trade, the creative industry, Africa’s post-covid economic recovery and the contient’s position on global trade in the perspective of the African Continental Free Trade Area (AfCFTA)

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) joined partners, involved parties in the Arab-Africa Trade Bridges (AATB) Program, strategic stakeholders and public and private sector players for the 2021 edition of the Intra-African Trade Fair (IATF) that took place in the city of Durban in South Africa. The ITFC…

International Islamic Trade Finance Corporation (ITFC)
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    • Roundtable on the Harmonisation of Standards for Pharmaceutical Products and Medical Devices in Africa during IATF 2021 in Durban
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Source: International Islamic Trade Finance Corporation (ITFC) |

Under the Arab Africa Trade Bridges (AATB) Program, ITFC, Afreximbank, BADEA and ARSO organized a High-level Roundtable on the Harmonisation of Standards for Pharmaceutical Products and Medical Devices in Africa during IATF 2021 in Durban

The week-long event brought together government officials, policy-makers, industry leaders and institutional heads from African countries and other regions to discuss the future of of the African Continental Free Trade Area (AfCFTA), trade, health and post-covid economic recovery

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), the African Export-Import Bank (Afreximbank), Arab Bank for Economic Development in Africa (BADEA) and the African Organization for Harmonization (ARSO), Africa Continental Free Trade Area (AfCFTA) Secretariat,  joined other partners and strategic stakeholders for a strategic roundtable on the Harmonisation of Standards for Pharmaceutical products and…

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

Under the Arab Africa Trade Bridges (AATB) Program, ITFC, Afreximbank, BADEA and ARSO to Organize a High-level Roundtable on the Harmonisation of Standards for Pharmaceutical Products and Medical Devices in Africa on the 17th November 2021

The hybrid roundtable is aimed at discussing and providing update on the Harmonization project and will come off on the sidelines of the Intra-African Trade Fair (IATF) taking place in Durban, South Africa from the 15th to the 21st of November 2021

The International Islamic Trade Finance Corporation (ITFC) (ITFC-idb.org), in partnership with the African Export-Import Bank (Afreximbank), Arab Bank for Economic Development in Africa (BADEA) and the African Organization for Harmonization (ARSO) announce the organization of a roundtable on the sidelines of the Intra-African Trade Fair (IATF) on 17th November 2021 at 10:30 – 12.30pm (South Africa…

International Islamic Trade Finance Corporation (ITFC)
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    • Prof. Benedict Oramah, President of Afreximbank and Eng. Hani Salem Sonbol ITFC CEO (1)
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Source: International Islamic Trade Finance Corporation (ITFC) |

Afreximbank and the International Islamic Trade Finance Corporation (ITFC) ratify US$250 million finance facility to Support Africa

The ITFC facility will help advance Afreximbank’s COVID-19 response programme for countries in which both organisations operate

African Export-Import Bank (Afreximbank) and the International Islamic Trade Finance Corporation (ITFC) (ITFC-idb.org), signed a US$250 million facility to provide funds for the Bank to advance procurement of COVID-19 vaccines and drive a trade-based economic recovery. The agreement was signed between Prof. Benedict Oramah, President of Afreximbank and Eng. Hani Salem…

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

Afreximbank, International Islamic Trade Finance Corporation (ITFC) and Arab Bank For Economic Development in Africa (BADEA) launch Collaborative COVID-19 Pandemic Response Facility (“COPREFA”), US$1.5bn Facility to Support African Resilience and Recovery amid Global Pandemic

COPREFA will be accessed by eligible central banks, commercial banks and businesses to finance the import of medical supplies as well as agricultural equipment

The African Export-Import Bank (Afreximbank) (www.Afreximbank.com), the pan-African multilateral EXIM bank, partners with the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), the Trade Finance Arm of the Islamic Development Bank (IsDB) Group; and the Arab Bank For Economic Development in Africa (BADEA) (www.BADEA.org), to launch a US$1.5-billion Collaborative COVID-19 Pandemic…

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

Arab Bank for Economic Development in Africa (BADEA) and International Islamic Trade Finance Corporation (ITFC) Intensify their Support to the African Countries to Fight COVID-19 Pandemic through the Arab Africa Trade Bridges (AATB) Program

The contribution of BADEA will help finance key initiatives targeting the health and pharmaceutical sectors in Africa

The Arab Bank for Economic Development in Africa (BADEA) intensifies its partnership with the International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-IDB.org) to support African Countries to fight COVID-19 through a joint program under the Arab Africa Trade Bridges (AATB). This took place during a signing ceremony at the Headquarters of…

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…

Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation Extends COVID-19 Response Financing Facility to the Republic of Mauritania

US$10 million ITFC intervention to tackle shortages in emergency laboratory and personal protective equipment in the fight against coronavirus

The International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-IDB.org), has provided US$10 million financing in favour of the Islamic Republic of Mauritania specifically to procure medicine and equipment to help them in the struggle against COVID-19. Based on the Mauritania Economic Update 2020 (World Bank), the COVID-19 pandemic will have a…

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

International Islamic Trade Finance Corporation Extends Emergency Medical Financing to the State of Palestine in COVID-19 Response

ITFC intervention delivers life-saving front-line personal protective equipment in the fight against novel coronavirus

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), has agreed to an immediate US$ 40,000 financial support to the Ministry of Health in Palestine. The request was made by the Palestinian International Cooperation Agency (PICA) for the provision of medical equipment to the State of Palestine during the outbreak of…

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…