Jeddah: The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, has allocated a total of $ 3,808 million to finance the energy sector.
This represents 55% of the total trade finance approvals for the fiscal year, prioritizing support for member countries of the IsDB Group and the Organization of Islamic Cooperation (OIC), especially the least developed member countries.
The ITFC indicated today that it is working to advance progress in line with its mission to ‘promote trade and improve lives’. The corporation prioritizes raising living standards by ensuring access to adequate energy supplies. Since its establishment in 2008, the ITFC has provided over $49 billion to this key sector.
Source: Saudi Press Agency