International Islamic Trade Finance Corporation to expand trade operations in Azerbaijan
Baku, Azerbaijan, July 5
By Eldar Janashvili - Trend:
The International Islamic Trade Finance Corporation (ITFC) has announced plans to increase the volume of trade operations in the CIS countries, including Azerbaijan, Trend reports referring to ITFC manager on CIS Anvar Nigmatov.
"Our goal is to improve the volume of trade operations in the CIS countries, including Azerbaijan, Kazakhstan, Uzbekistan, Turkmenistan and Kyrgyzstan, to $100–150 million in 2019," he said on the sidelines of a seminar of the Islamic Development Bank Group, which was held at the Astana International Financial Center in Kazakhstan as part of Astana Finance days.
He noted that by 2020, the corporation plans to bring the level of the target indicator for the region to about $200-$250 million.
Islamic Trade Finance Corporation was established by the Islamic Development Bank (IDB) in 2006. Azerbaijan joined the corporation as a member of IDB.