ITFC seeks strategic partnership with Egypt: CEO

ABIDJAN - 4 November 2017: The Islamic Development Bank Group-affiliate International Islamic Trade Finance Corporation (ITFC) seeks strategic partnership with Egypt in light of its continued support to the group, said ITFC CEO Hani Salem Sonbol.

The ITFC offers over dollar 8 billion funds for projects undertaken in Egypt and will continue such support in several fields, Sonbol told MENA correspondent on the fringe of the Buyers/Sellers Meeting on Pharmaceuticals and Related Industries that took place on November 2-3 in Côte d'Ivoire's Abidjan.

The CEO thanked Egypt's president's Abdel Fatah al-Sisi and the government for inviting his corporation to attend a conference on Africa that will be held next month in Sharm El Shiekh.

He added that the economic gathering will be a chance to clinch a set of agreements with Egypt and continue investment consultations.

The ITFC is an autonomous entity within the Islamic Development Bank Group created with the purpose of advancing trade to improve the economic conditions and livelihood of people across the Islamic world.

The corporation has consolidated all trade finance businesses that used to be handled by various windows within the IDB Group. It commenced operations in January 2008.