Tunisia and ITFC Cooperation Reaches $3.36 Billion Since 2008
The cooperation between Tunisia and the International Islamic Trade Finance Corporation (ITFC) has reached $3.36 billion since 2008. This figure was highlighted during a meeting held on May 19 at the Ministry of Industry between the Secretary of State for Energy Transition, Ouael Chouchane, and the CEO of ITFC.
Discussion of Ongoing Cooperation Programs
The discussions focused on the ongoing cooperation programs in the energy and mining sectors, as well as the prospects for developing this partnership in the coming years. The Tunisian official praised the role of the institution in supporting public enterprises under the ministry's supervision, particularly in securing their supply of raw materials on international markets, in a context marked by rising prices and global demand.
Participation of Key Stakeholders
Several leaders of major public enterprises participated in this meeting, including the CEO of STEG, the General Manager of Groupe Chimique Tunisien, and the Deputy General Manager of Société Tunisienne des Industries de Raffinage.
ITFC's Commitment to Supporting Tunisia's Development
On the other hand, the CEO of ITFC reaffirmed his institution's willingness to continue supporting Tunisia in its development projects and to continue supporting public enterprises to ensure the continuity of their production. ITFC, a member of the Islamic Development Bank Group, finances several operations related to foreign trade and strategic supply of member countries, particularly in the energy and industrial sectors.
Key Figures and Institutions Involved
- ITFC: International Islamic Trade Finance Corporation
- Tunisia: Ministry of Industry, STEG, Groupe Chimique Tunisien, Société Tunisienne des Industries de Raffinage
- Amount of cooperation: $3.36 billion since 2008
- Date of meeting: May 19
- Attendees: Ouael Chouchane, Secretary of State for Energy Transition, and the CEO of ITFC, among others.
