The meeting was held on the sidelines of a visit by minister Said to the headquarters of ITFC in the Saudi city of Jeddah, said a statement issued by her ministry on Monday.

They reviewed cooperation between the two sides along with Egypt's hosting of the third meeting of the "Arab-Africa Foreign Trade Bridge" governing council on March 14-15, the statement read, pointing out that coordination is underway between the two sides on issues to be discussed on the fringes of the gathering.

Said welcomed the participation of the ITFC in the 27th session of the Conference of the Parties (COP 27) to the UNFCCC which will take place late this year in Sharm El-Sheikh, Egypt.

The minister said coordination is underway with all ministries concerned including those of the International cooperation, supply and internal trade and petroleum to sign the ITFC program of 2022 for Egypt in February which covers cooperation to support the Egyptian micro, small and medium enterprises.

The International Islamic Trade Finance Corporation (ITFC) is a member of the Islamic Development Bank (IsDB) Group. It was established with the primary objective of advancing trade among OIC Member Countries, which would ultimately contribute to the overarching goal of improving socioeconomic conditions of the people across the world. Commencing operations in January 2008 (Muharram 1429H), ITFC has since consolidated all trade finance businesses that used to be handled by various windows within the IsDB Group.

Since 2008, ITFC has provided more than US$51 billion to OIC Member Countries, making it the leading provider of trade solutions for the Member Countries’ needs. With a mission to become a catalyst for trade development for OIC Member Countries and beyond, the Corporation helps entities in Member Countries gain better access to trade finance and provides them with the necessary trade-related capacity building tools, which would enable them to successfully compete in the global market.