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

International Islamic Trade Finance Corporation Signs Agreement with The Government of Tunisia to Mobilize US$ 1.5 Billion as part of it Integrated Trade Solutions

ITFC financing will enable Tunisian government-owned companies to facilitate the importation of essential commodities, drive exports and access capacity development programs to strengthen trade efficiencies

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a framework agreement with the Government of Tunisia, represented by the Ministry of Economy, Finance and Investment Support, to increase trade flows and build trade capacity within the Republic. The US…

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

Over 1,000 Financial Stakeholders Participate in the Arab-Africa Trade Bridges Program Investment Pillar Webinar Aimed at Growing Regional Trade Investment and Technology Transfer

Initiative showcased key investment, trade and insurance pillars designed to improve trade between Arab and African countries, targeted at key sectors including agro-food, health, and pharmaceuticals amongst others

Under the umbrella of the Arab-Africa Trade Bridges (AATB) Program, three IsDB Group Private Sector Entities hosted a webinar on key trade finance and investment components aimed at fostering regional trade. The entities included the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), the Islamic Corporation for the Insurance of Investment…

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) |

The Islamic Development Bank and The International Islamic Trade Finance Corporation hold a webinar on AgriTech & Digital Supply Chain

The webinar explored opportunities for leveraging the digital transformation to drive the global supply chain, trade, and investments in the agricultural sector

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org) and the Islamic Development Bank (IsDB) (Agriculture Division) in collaboration with IsDB Group Business Forum (THIQAH) jointly held a live webinar entitled “The Role of AgriTech in Food Security & Sustainability” to discuss sustainable climate-smart agricultural technologies for achieving food and nutrition…

Source: International Islamic Trade Finance Corporation (ITFC) |

Consortium of Global Multilateral Development Banks Calls for Measures to Support Trade Continuity in Sub-Saharan Africa

Bankers, interviewed for the Trade Finance ‘Pulse Check’, unanimously call for an urgent switch in the focus of support towards the private sector and smaller enterprises to avoid an insolvency crisis

The Pulse check (https://bit.ly/2FbuKN5) report issued by a consortium of multilateral development banks and trade research institutions, recounts the views of sub-Saharan banks on multi-lateral development banks’ (MDBs) responses to uphold a well-functioning trade finance market. The report, which brings together perspectives & insights from 70 trade finance executives from…

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

AFREXIMBANK and International Islamic Trade Finance Corporation (ITFC) Partner with ARSO to Facilitate Intra-African Trade in Pharmaceuticals and Medical Devices, under the Umbrella of the AATB Program

The new initiative aims to harmonise African standards for pharmaceuticals and medical devices thereby enhancing intra-African trade, reducing substandard counterfeit products, and building resilient regional health systems

The African Export-Import Bank (Afreximbank) and the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), have partnered with the African Organisation for Standardisation (ARSO), to launch a new Arab-Africa Trade Bridges Program (AATB) initiative called the Harmonisation of Standards for Pharmaceutical and Medical Devices in Africa, aimed at promoting the quality…

Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance (ITFC) Launches Trade Development Fund (TDFD) to Support Intra-Organisation of Islamic Cooperation (OIC) Trade Initiatives

Initial US$50 million capital will provide grants to design and deliver trade development projects/initiatives

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, has launched a new Trade Development Fund (TDFD) with an initial target capital of US$50 million to support trade development projects in member countries of the Organisation of Islamic Cooperation (OIC) and Muslim communities…

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

Republic of Benin COVID-19 Laboratories Commence Operations after Grant from the Arab Africa Trade Bridges (AATB) Program

The grant, which falls under the umbrella of the Arab-Africa Trade Bridges Program’s response to the COVID-19 crisis, provides immediate emergency funding to fight against novel coronavirus

The Arab Africa Trade Bridges (AATB) Program, led by the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org) has granted emergency funding to the Republic of Benin to facilitate its COVID-19 ‘Screen-Isolate-Treat’ strategy as it fights to halt the spread of the virus. This initiative comes in line with the AATB…

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

International Islamic Trade Finance Corporation releases 2019 Annual Development Effectiveness Report

Report highlights impact of US$ 5.8 Billion financing towards Advancing Trade in Organization of Islamic Cooperation (OIC) Member Countries

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, today released its 2019 Annual Development Effectiveness Report (ADER).  In 2019, ITFC approved US$5.8 billion trade financing, a 12% increase from the previous year, to advance trade in member countries. Of this, US$5 billion…

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

International Islamic Trade Finance Corporation extends US$100m COVID-19 Emergency Financing for purchasing wheat and sugar in favor of Egypt

ITFC intervention to help finance essential strategic food commodities in light of the impact of COVID-19

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), has signed a US$100 million financing agreement with the General Authority for Supply Commodities (GASC) to cover the Egyptian Government’s essential strategic commodity needs during the outbreak of the new coronavirus (COVID-19). The Approval of the financing, which forms part of the…