ITFC cel­e­brates 10th an­niver­sary in Tunisia

Arab News - - CORPORATE PR -

The In­ter­na­tional Is­lamic Trade Fi­nance Cor­po­ra­tion (ITFC), a mem­ber of the Is­lamic De­vel­op­ment Bank (IDB) Group, cel­e­brated its 10th an­niver­sary on Mon­day.

The cel­e­bra­tion was held at the Four Sea­sons Ho­tel, Tu­nis, and at­tended by the gov­er­nors of the IDB mem­ber coun­tries, of­fi­cial del­e­ga­tions and a num­ber of rep­re­sen­ta­tives from the pri­vate sec­tor and civil so­ci­ety. The event comes on the side­lines of the 43rd meet­ing of the board of gov­er­nors of the IDB, which was held in Tunisia on Sun­day un­der the theme “Part­ner­ships for Sus­tain­able De­vel­op­ment.”

ITFC CEO Hani Salem Son­bol com­mended the high level of col­lab­o­ra­tion be­tween the Tu­nisian gov­ern­ment and the IDB Group, not­ing that the col­lab­o­ra­tion helped fa­cil­i­tate ITFC busi­ness ac­tiv­i­ties in Tunisia.

“Tunisia sup­ports ITFC ini­tia­tives aim­ing to de­velop in­tra-OIC trade among mem­ber coun­tries. We have achieved praise­wor­thy re­sults in terms of trade fi­nance and de­vel­op­ment since 2008, with trade fi­nance ap­provals ex­ceed­ing $40 bil­lion. This re­flects the ITFC’s cat­alytic role in lever­ag­ing fund­ing for ma­jor strate­gic trade op­er­a­tions in fa­vor of mem­ber coun­tries,” Son­bol said.

A num­ber of peo­ple who co-founded, sup­ported and part­nered with the ITFC as well as the in­ter­nal team who su­per­vised the process of found­ing the ITFC be­tween 2005-2008 were hon­ored.

ITFC’s 13th gen­eral assem­bly meet­ing in Tu­nis will dis­cuss the cor­po­ra­tion’s strate­gic plan for the up­com­ing phase. ITFC will also or­ga­nize a meet­ing of Arab state gov­er­nors of the IDB Group, which will fo­cus on the Aid for Trade Ini­tia­tive for Arab states and will be at­tended by Arab min­is­ters and gov­er­nors.

Team mem­bers and guests at Jed­dah Hil­ton switched off the ho­tel lights and gath­ered around can­dles in the lobby.

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