The International Islamic Trade Finance Corporation (ITFC) will provide a large preferential loan to Tajikistan for financing of imports, pre-export financing of agricultural products, public management financing, private sector financing, direct financing of separate private companies for import of essential goods as well as financing of technical assistance projects.
The head of the State Committee on Investments and Sate-owned Property Management (GosKomInvest) will sign a loan agreement for 150 million U.S. dollars on behalf of the Government of Tajikistan.
The International Islamic Trade Finance Corporation is an autonomous entity within the Islamic Development Bank Group created with the purpose of advancing trade to improve the economic condition and livelihood of people across the Islamic world. ITFC has consolidated all the trade finance businesses that used to be handled by various windows within the IsDB Group. It commenced operations in January 2008. The consolidation of the IsDB Group’s trade finance activities under a single umbrella increased the Corporation’s efficiency in service delivery by enabling rapid response to customer needs in a market-driven business environment.
ITFC aims to develop and expand intra-Organization of Islamic Cooperation (OIC) trade. ITFC advances trade by contributing to the development of markets and trading capacities to help all OIC member countries do business more effectively with each other and the rest of the world.
