RD/COMTD/AFT/12* 
13 November 2023  
 Page: 1/3 
Committee on Trade and Development  
(Aid for Trade)  Original:  English /anglais/inglés  
 
  
UNOFFICIAL ROOM DOCUMENT1 
COMMITTEE ON TRADE AND DEVELOPMENT – 59TH SESSION ON AID FOR TRADE  
STATEMENT BY THE INTERNATIONAL ISLAMIC TRADE FINANCE CORPORATION  
14 November 2023  
 
 
 
Comité du commerce et du développement (Aide pour le commerce)  
 
DOCUMENT DE SÉANCE NON OFFICIEL1 
COMMITTEE ON TRADE AND DEVELOPMENT – 59TH SESSION ON AID FOR TRADE  
STATEMENT BY THE INTERNATIONAL ISLAMIC TRADE FINANCE CORPORATION  
14 November 2023  
 
 
 
Comité de Comercio y Desarrollo (Ayuda para el Comercio)  
 
DOCUMENTO DE SALA NO OF ICIAL1 
COMMITTEE ON TRADE AND DEVELOPMENT – 59TH SESSION ON AID FOR TRADE  
STATEMENT BY THE INTERNATIONAL ISLAMIC TRADE FINANCE CORPORATION  
14 November 2023  
 
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* In Original language only/En langue originale seulement/En el idioma original solamente.  
1 Documents issued in the RD series are not official WTO documents. They usually appear in their 
language of submission and will not be translated systematically into the working languages of the WTO. They 
are intended for use in WTO meeting rooms and are a ttributed an unofficial symbol for archiving purposes only.  
Les documents de la série RD ne sont pas des documents officiels de l 'OMC. Ils ne paraissent 
généralement que dans la langue dans laquelle ils ont été communiqués et ne seront pas systématiquemen t 
traduits dans les langues de travail de l'OMC. Ils sont destinés aux salles de réunion de l'OMC et une cote non 
officielle leur est attribuée à des fins d'archivage.  
Los documentos de la serie RD no son documentos oficiales de la OMC. Por lo general se d istribuyen en 
el idioma en que han sido presentados y no se traduce n sistemáticamente a los idiomas de trabajo de la 
Organización. Se distribuyen para su uso en las salas de reunión de la OMC y se les asigna una signatura no 
oficial a efectos de archivo ún icamente.  RD/COMTD/AFT/12  
 
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  ITFC speech in WTO event for A4T Programs intend ed in Nov. 14th  
The International Islamic Trade Finance Corporation (ITFC) is a member of the Islamic Development 
Bank (IsDB ) Group. It was established with the primary objective of advancing trade, ITFC has 
8 regional hubs where it can monitor and operate its running projects in Africa and Asia.  
ITFC vision  is the Leading provider of Trade solutions for OIC members state’s nee ds. 
ITFC mission  is the catalyst of Trade development among OIC members state’s and beyond.  
ITFC Partnership  
ITFC work directly with governments, multilaterals, financial institutions, policy bodies, national and 
local-level development agencies to deliver  trade solutions that advance trade and improve lives.  
ITFC Strategy over time has been to structure multi sectorial partnerships to intervene at the 
intersection of trade finance and trade development in ITFC member countries.  
This has positioned ITFC, not only as a financial partner that contributes to offset t rade finance and 
SDG financing gaps, but also as a technical partner that initiates, manages and implements regional 
programs.   
ITFC Strategy  
ITFC has supported the dynamic expansion of trade in OIC Member Countries. ITFC approach reflects 
its expanded rol e as a world class trade enabler and facilitator. ITFC is guided in its quest to remain 
the leading provider of trade solutions for OIC member countries needs through a relentless focus 
on ITFC Strategic Objectives, Strategic Pillars, and our Guiding Princ iples. 
What ITFC offer  
• Trade Finance solutions as (Line of Trade Financing, LC confirmation, Structured Trade Finance),  
• Trade Development (Flagship programs, Integrated Trade solutions, Targeted Interventions),  
• Trade Funds (Trade Development Funds).  
 
ITFC contribution with SDGs Goals  
ITFC contributes with 9 SDGs goals ( 1-No Poverty, 2-Zero Hunger, 3-Good Health & well -being, 4-
Quality of  education, 7-Affordable & clean energy, 8-Decent work and economic growth, 9-Industry, 
Innovation & Infrastructure, 10- Reduced in Equalities, 17- Partnership for the goals  ). 
ITFC Projects  
ITFC works on designing and implementing trade solutions projects through trade financing, 
resource allocation, capacity development, and fill ing knowledge gaps. ITFC work is delivered 
through a series of projects that directly impact the energy sector, the finance sector, the food & 
agriculture sector, and the health sector. ITFC projects also indirectly impact a broader spectrum of 
sectors, in cluding education, public administration, and natural resource management.  
 
ITFC believe in investing in projects that will bring about the highest level of trade development for 
member countries, and as such, our role in each project is defined by the va lue ITFC can bring which 
led ITFC to have more over than 50 success stories in the last couple of years.  
 
Aid for Trade initiative for Arab States - AfTIAS 2.0  
Evolution of AfTIAS Program  
In 2012 ITFC received a request from the Arab countries to propose a  Trade initiative for the Arab 
Region to benefit from the Arab Free Trade Agreement – AFTA, on behalf of IsDB Group ITFC led 
the implementation of AfTIAS   1.0 of a total budget of 10.5 million USD executed from 2014 to 2018, 
implementing successful 28 proje cts for 19 member countries.  RD/COMTD/AFT/12  
 
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  In the Arab Economic Summit held in Beirut 2019, adopted a decision expressing its satisfaction on 
the outcomes of the AfTIAS 1.0 program evaluation and assign ITFC to prepare the 2nd phase of 
AfTIAS in cooperation with the Lea gue of Arab States - LAS and the Arab Countries.  
AfTIAS 2.0 three main objectives  
 
1. Increasing level of intra -regional trade, consequently Improving market access,  
2. Increasing Arab integration into global value chains, consequently Removing supply side 
constraints,  
3. Making international trade more inclusive of disadvantaged groups.  
 
AfTIAS 2.0 implementation approach focuses on  
 
1. Trade Development and Competitiveness,  
2. Inclusivity Support,  
3. Regional Investment Proposal Preparation,  
4. Reverse Linkage Facility (IsDB Mechanism),  
5. Research and Surveys.  
 
AfTIAS 2.0 Beneficiaries and figures  
 
9 Countries ( 16 projects ) and 5 Regional Institutions ( 5 projects ), consist of 18 TA Projects, 1 
Reverse Linkage projects,  1 Regional study and 1 Institutional establishment & Capacity building of 
Total budget 7.5 million USD till to date, ITFC contribute by 80% of the program total budget.  
 
AfTIAS 2.0 Priorities in 2024  
 
1. Efficient imp lementation of the 21 running projects,  
2. Approving 2:3 new projects for 3 beneficiary countries,  
3. Arranging & organizing of 1st Arab Trade Forum with LAS,  
4. Governance of AfTIAS 2.0 to build a concrete momentum and impact.  
5. More resource mobilization from partners and donners.  
 
 
Thanks for your kind attention wishing to follow us on  
Linkedin and our website ITFC - Stories of Change (www.itfc -idb.org)  
 
 
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