Egypt and ITFC discussed expanding trade finance cooperation and supporting key development sectors.
Egyptian and ITFC officials during talks on trade finance and strategic cooperation in Cairo.
Egypt and the International Islamic Trade Finance Corporation are moving to deepen cooperation across trade finance, private sector support, food security, and sustainable development initiatives.
Egypt’s Minister of Planning and Economic Development Ahmed Rostom held talks with Adeeb Yousuf Al-Aama, chief executive of the International Islamic Trade Finance Corporation (ITFC), to review ongoing cooperation files and strengthen the strategic partnership between both sides.
The meeting focused on trade finance cooperation and reviewed ITFC’s financing portfolio in Egypt, which has reached approximately $24.8 billion since the institution’s establishment in 2008.
Discussions also covered the growing role of the institution in supporting Egypt’s private sector and local banks in financing trade operations for Egyptian companies.
ITFC’s financing portfolio in Egypt has reached nearly $24.8 billion since 2008.
According to an official statement from the ministry, Rostom stressed the depth of the strategic partnership between Egypt and the Islamic Development Bank Group and its affiliated institutions.
He said the Egyptian government remains committed to strengthening this cooperation in a way that supports comprehensive development efforts under Egypt Vision 2030.
Rostom highlighted the important role played by ITFC in supporting Egypt’s development agenda, particularly in helping secure essential and strategic commodities.
He described ITFC’s annual program in Egypt as one of the country’s most important innovative financing mechanisms supporting key sectors such as food security, energy, trade development, and private sector growth.
The partnership covers financing, trade development, sustainability, and private sector support.
The minister also pointed to broader cooperation initiatives including the Arab-Africa Trade Bridges program, the “Women in Global Trade” initiative, and efforts focused on the green economy and private sector growth.
Rostom said the partnership with ITFC aligns closely with Egypt’s strategy to diversify development financing sources and engage positively with regional and international development initiatives.
Egypt says cooperation with ITFC supports climate action, green economy transition, human capital development, and export growth.
He added that the cooperation also supports climate action, green economy transition, human capital development, and development planning modernization.
The minister stressed Egypt’s commitment to expanding future cooperation through the implementation of ongoing projects and preparation for ITFC’s upcoming program in Egypt, particularly in areas aimed at boosting exports and empowering the private sector.
For his part, Adeeb Al-Aama expressed ITFC’s appreciation for its close strategic relations with the Egyptian government and praised the productive cooperation with Egypt’s Ministry of Planning and Economic Development.
He reaffirmed the institution’s commitment to supporting Egypt’s economic and development priorities through trade finance and development initiatives.
ITFC continues financing strategic commodities and trade operations in Egypt.
Cooperation focuses on supporting businesses, exports, and local banks.
Both sides are strengthening cooperation on climate action and green economy initiatives.
Egypt and ITFC are preparing new programs focused on exports and economic growth.
Egypt’s growing cooperation with ITFC reflects broader efforts to diversify financing partnerships, strengthen private sector participation, and support long-term development priorities under Egypt Vision 2030.
With increasing focus on trade finance, sustainability, exports, and economic modernization, officials say the partnership continues to play an important role in supporting Egypt’s economic resilience and development strategy.
