COMCEC Trade Outlook 2019
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Since its establishment, the ITFC has increased the volume of operations and business portfolio.
In this regard, total cumulative approvals and disbursements reached US$47.4 billion and
US$37.2 billion, respectively. In order to have greater impact, it also gives more emphasis on
providing finance to Least Developed Member Countries (LDMC’s), SMEs and strategic
commodities produced in the Member States such as oil, cotton, wheat etc.
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) is a
subsidiary organ of the IDB. It was established in 1994 with an authorized capital of ID 100
million (about USD 127 million) and become operational in 1995. ICIEC has 42 Member
Countries. The objective of the ICIEC is to expand the scope of trade transactions and the flow of
investments among Member Countries of the OIC.