THE International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB) Group, will celebrate its 10th anniversary tomorrow (April 2).

The celebration will be held at the Four Seasons Hotel, Tunis, and attended by Governors of Member Countries of Islamic Development Group, official delegations and a number of representatives of the private sector and civil society. It comes on the sidelines of the 43rd Meeting of the Board of Governors of the IDB, to be held in Tunisia on April 1-5 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 catalytic role in leveraging funding for major strategic trade operations in favor of member countries,” pointed out Sonbol.

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 will be honored.

ITFC 13th General Assembly Meeting will be held in Tunis as well and discuss the corporation’s strategic plan for the upcoming phase. ITFC will also organize the meeting of Arab State Governors of the IsDB Group, which will focus on the Aid for Trade Initiative for the Arab States and be attended by Arab ministers and governors. — SG