ITFC signs $15m deals with Uzbekistan banks

ITFC signs $15m deals with Uzbekistan banks
The event was held along the sidelines of the 46th Islamic Development Bank Group Annual Meeting in Uzbekistan. Social media
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Updated 01 September 2021

ITFC signs $15m deals with Uzbekistan banks

ITFC signs $15m deals with Uzbekistan banks

TASHKENT: The International Islamic Trade Finance Corp. on Wednesday in Tashkent signed $15 million financing agreements with banks of Uzbekistan along with a program to help the country’s financial institutions transform along international lines.

The event was held along the sidelines of the 46th Islamic Development Bank Group Annual Meeting in Uzbekistan.

ITFC CEO Hani Salem Sonbol said: “ITFC’s vision is to become a leading provider of trade solutions to its member countries.”

He said his organization is committed to the restoration of economic growth in the post-COVID era, which is evident from “our COVID-19 Response Strategy in which ITFC provided $1.1 billion of trade financing.”