International Islamic Trade Finance Corporation address

imageUNDP has helped establish small, women-run agricultural business cooperatives in rural Lebanon. Members of a cooperative in the village of Halloussiyeh produce a traditional kind of pomegranate molasses that is now distributed to local food shops and exported to the United kingdom

New York — The United Nations Development Programme (UNDP) and the Islamic Trade and Finance Corporation (ITFC) of the Islamic Development Bank agreed today to cooperate in the Arab States region on fighting poverty and creating jobs.

The first area of joint work is an initiative to boost employment through trade reforms.
“This initiative comes at a very interesting time, ” said UN Under-Secretary-General and UNDP Associate Administrator Rebeca Grynspan at today’s event in New York, which was also attended by Dr. Waleed Al-Wohaib, Chief Executive Officer of the Islamic Trade and Finance Corporation. “Today we find ourselves at a global turning point, with countries of the South increasingly driving global growth and making rapid progress on poverty reduction and job creation.”
According to UNDP’s 2013 Human Development Report, developing countries that participate in international trade – including trade with other emerging economies – make rapid progress on poverty reduction and job creation.
The newly-signed Aid for Trade Initiative for the Arab States will spearhead trade reforms in Arab countries in the Middle East and North Africa with the aim of bringing about pro-poor economic growth.

NBC, Metl Group ink 100bn/- loan for oil business  — IPPmedia
In structuring this deal, Absa provided a Structured Trade Finance Facility, Barclays Bank Mauritius funded a Term Facility, whilst NBC has afforded an Overdraft Facility to Star Oils Tanzania Limited.

INTERNATIONAL MONETARY FUND Financial Risks, Stability, and Globalization

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Why trade finance is attractive to banks?

low risk,profitable,self liquidating and can cross sell

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