Global Courant 2023-05-12 23:03:25
The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, launched a year-long celebration campaign celebrating 15 years of socio-economic impact on Organization of Islamic Cooperation (OIC) member countries. Held at the Ritz Carlton Hotel in Jeddah, the event was attended by senior government officials, ITFC clients, partners and stakeholders from various regions, both private and public.
At the 15th anniversary event for the International Islamic Trade Finance Corporation (ITFC), HE Dr. Muhammad Al Jasser, Chairman of the Islamic Development Bank Group and Chairman of the Board of Directors of ITFC, congratulated and praised the organization for its efforts to promote sustainable trade development within member states.
Saudi Finance Minister and IsDB Governor Mohammed Aljadaan graced the event to celebrate ITFC’s milestone.
Scary. Hani Salem Sonbol, CEO of ITFC, said of the organization’s achievements over the past 15 years, “ITFC has made remarkable progress in contributing to the socio-economic development of OIC member countries. By creating innovative solutions for trade finance and trade development, ITFC has built bridges between regions, promoting trade and improving people’s lives. ITFC’s strong partnerships with various financial institutions, governments and multilateral organizations have been critical in leveraging its resources and capabilities to improve trade finance and development initiatives. Together with our partners, ITFC will explore future opportunities and pave the way for innovative solutions that will unlock more potential over the next 15 years.”
The anniversary campaign will include hosting a series of tailored events and bilateral meetings to promote dialogue with the industry on global challenges facing trade in OIC member countries. Integrating trade finance with trade development solutions offers significant potential to address real-world challenges while remaining focused on longer-term economic development priorities.
Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).
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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 main objective of promoting trade between OIC member countries, which would ultimately contribute to the overarching goal of improving the socio-economic conditions of people around the world. ITFC was launched in January 2008 and has provided US$69 billion in funding to OIC member states, making it the leading provider of trade solutions for the needs of these member states. With a mission to become a catalyst for trade development for OIC member countries and beyond, the Corporation assists member state entities to gain better access to trade finance and provides them with necessary trade-related capacity building tools, which would enable them to successfully compete in the global market.
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