The ITFC Provides USD 1.5 Billion to the Tunisian Government to Facilitate Integrated Trade Solutions

Islamic Development Bank (IsDB) Group member, the International Islamic Trade Finance Corporation (ITFC) has finalised a framework agreement with the Government of Tunisia, aimed at increasing trade flows and building trade capacity in the country. The USD 1.5 billion funding will support state-owned companies in Tunisia to import essential commodities like energy and industrial products, as well as access trade development programmes aimed at driving exports. The funds will also go towards the promotion of inter-regional trade between Tunisian and other Arab and African nations.

Why it Matters?

The ITFC’s financial and trade development support will help Tunisia diversify its domestic economy, in addition to providing a boost to the recovery fro...