The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, in cooperation with key partners from the public and private sectors and the Tunisian government, organized a high-level panel discussion entitled "TUNISIA JOINING NEW TRADE BLOCS IN AFRICA (COMESA, ECOWAS)”.
The session held on the 3rd of April 2018, in the presence of Tunisia's minister of commerce Omar Al-Bahi and Eng. Hani Salem Sonbol, ITFC Chief Executive Officer.
The session was part of the forum of ISDB group private sector forum on the sidelines of the 43rd Meeting of the Board of Governors of the Islamic Development Bank (IsDB) Group, with the participation of CEOs and leaders of academic and government sector.
The session covered an overview of the strong African growth which relies on private consumption and investment by the middle class and will discuss how Tunisia’s membership in trade blocks in Africa will help create modern jobs in urban centers and support Tunisian banks’ role in facilitating its companies’ entrance into new markets.
Panelists also underlined the way global production and trade are organized and the growing importance of global value chains in the management and coordination of manufacturing and trade links between countries, particularly in Africa.
With the attendance of the Tunisian Minister of Commerce and ITFC CEO, keynote speakers were Vera Songwe is Executive Secretary of the Economic Commission for Africa, Jaloul Ayed, Minister of Finance in Tunisia, Board Member and President of the Management Committee of the BMCE Group, Kamal Mokdad is a Co-CEO of Banque Centrale Populaire (BCP), Sidi Ould Tah is Director General of the Arab Bank for Economic Development in Africa(BADEA), Bassem Loukil, the Chief Executive Officer of the LOUKIL Group and Abdallah Ben Messaoud, the Deputy General Manager of Sonibank.
Commenting on this session, Eng. Hani Sonbol, ITFC CEO said these types of sessions organized by ITFC on the sidelines of the IDB Board of Governors' meetings have become a major forum for discussing trade promotion, developing successful trade finance solutions, small and medium enterprises and investment challenges to further promote economic development in member countries.
As part of the 43rd meeting of the Board of Governors of the Islamic Development Bank (IsDB) Group, ITFC held its 13th annual meeting of the General Assembly of ITFC, which discussed the upcoming strategic plan for the next phase.