BAKU, Azerbaijan, December 1. The Worldwide
Islamic Commerce Finance Company (ITFC) and the United Nations
Financial and Social Fee for Asia and the Pacific (ESCAP)
will collectively develop a regional funding attraction plan for all
Central Asian nations, Pattern reviews.
Beneath the TCCA+ program, ITFC and ESCAP have fashioned a strategic
partnership to launch a venture with the aim of “Rising
Exports by means of International Direct Funding (FDI).”
This venture enhances ITFC’s flagship TCCA+ program, which
focuses on attaining inclusive financial development, regional financial
cooperation, and commerce growth amongst member nations of the
Group of Islamic Cooperation (OIC) in Central Asia.
The brand new venture, “Rising Exports by means of International Direct
Funding,” will profit Azerbaijan, Kazakhstan, Kyrgyzstan,
Tajikistan, Turkmenistan, and Uzbekistan. The venture focuses on
three key goals: boosting exports by means of International Direct
Funding (FDI) in strategic sectors like digital companies,
agriculture, lighting, and petrochemicals in Azerbaijan,
Kazakhstan, and Tajikistan; increasing digital and tech firms to
help companies in Azerbaijan, Kazakhstan, and Tajikistan in
attracting FDI and accessing worldwide markets; and formulating
a regional funding attraction plan underneath the management of ESCAP
inside the SPECA framework, encompassing all six Central Asian
nations.
ITFC and ESCAP will carefully collaborate with nationwide and
regional stakeholders, together with governments, funding promotion
businesses (IPAs), and the non-public sector, to make sure the profitable
implementation of the venture.
By 2025, we count on key outcomes equivalent to growing and
implementing motion plans to advertise exports by means of FDI in
Azerbaijan, Kazakhstan, and Tajikistan; strengthening the capability
of IPAs by integrating FDI effectiveness indicators into
sustainable funding promotion for commerce; coaching 18 digital and
tech firms within the area to draw FDI and improve their
worldwide competitiveness; and launching the regional
funding plan on the TCCA+ discussion board in Azerbaijan in 2025, additional
strengthening regional cooperation.
To notice, ITFC is a member of the Islamic Growth Financial institution (IsDB)
Group. Established in January 2008, its major aim is to advertise
commerce amongst member nations of the Group of Islamic
Cooperation (OIC), aiming to enhance socio-economic situations for
individuals worldwide.
Since its inception, ITFC has supplied $75 billion in funding to
OIC member nations, making it a number one supplier of commerce
options to fulfill their wants. With a mission to behave as a catalyst
for commerce growth for OIC member nations and past, the
company helps organizations from these nations acquire higher
entry to commerce financing and gives them with the instruments wanted
to boost their competitiveness within the world market.
