BAKU, Azerbaijan, June 19. ITFC signed
agreements totaling nearly $3 billion during the week in Baku, CEO
of Islamic Trade Finance Corporation (ITFC) Adeeb Alaama said at
the press conference dedicated to the results of the IsDB Group
Annual Meetings 2026, Trend's correspondent reports from the event.


Alaama noted he was pleased to participate in the events held in
Baku as part of the 2026 Board of Directors Meeting of the IsDB
Group and expressed his gratitude to the Azerbaijani government for
the hospitality extended to him. He pointed out that Baku has
become a strategic hub playing an important role in bridging
regions, markets, and countries.


In his speech, he emphasized that trade is one of the key
factors for sustainable development, economic growth, and expanding
opportunities at a time of increasing uncertainties in the global
economic environment.


"The Islamic Trade Finance Corporation sees trade as a catalyst
for sustainable development.


In 2025, the corporation approved a total of $9.3 billion in
trade financing, the highest annual figure ever. During the week in
Baku, the ITFC signed agreements worth a total of about $3
billion.


These agreements include framework agreements with a number of
member countries, new mechanisms for trade financing with financial
institutions in the region, as well as credit lines aimed at
supporting the private sector and small and medium-sized
businesses. At the same time, a strategic cooperation agreement was
signed with the International Finance Corporation (IFC) to expand
trade," he explained.







Alaama emphasized that these partnerships contribute to
strengthening food security, energy supply stability, creating new
jobs, and developing the business environment.


He noted that partnerships have been established with local
banks within the framework of cooperation with Azerbaijan, which
has expanded access to Islamic trade finance in the country. He
also noted that the "Trade Connect Central Asia Plus (TCCAP+)"
initiative serves to expand trade relations between the countries
of Central Asia and Azerbaijan.


The head of ITFC added that the corporation has entered a new
strategic era and plans to provide more support in the future to
areas such as healthcare, agri-food, and digital trade, as well as
to keep the development of the private sector and SMEs as a
priority.


"Trade remains the main driving force in the development of the
global economy, and we are committed to supporting inclusive
development," he pointed out.