On September 1, within the framework of the 46th Annual Meeting of the IsDB Group, an event was held on “International Islamic Trade Finance Corporation (ITFC) in the CIS region: Perspectives from trade finance and trade development”.

The event featured ITFC’s successful CIS partnership projects in the Islamic trade finance, financial sector and trade development. Agreements were signed between the International Islamic Trade Finance Corporation (ITFC) and its partners on financing and technical assistance.

The event was attended by Sardor Umurzakov – Deputy Prime Minister, Minister of Investments and Foreign Trade, Chairman of the Board of Governors of the IsDB in Uzbekistan, Muhammad Sulaiman Al Jasser – President of the Islamic Development Bank (IsDB), Hani Salem Sonbol – CEO of the International Islamic Trade Finance Corporation (ITFC), the leadership of the Ministry of Finance of Uzbekistan, the Ministry of Investments and Foreign Trade of Uzbekistan, the Central Bank of Uzbekistan, partner banks in the CIS region and other high-ranking officials.

Since the beginning of its activity in Uzbekistan in 2018, ITFC has approved project funding for $211 million and has conducted several rounds of capacity-building events, which were attended by 150 experts from the public and private sectors.

Gulrukh Abdullayeva, UzA