Islamic development bank
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NewsUSD 1.5 billion framework agreement signed with ITFC
The Maldives and the ITFC signed a $1.5 billion five-year framework agreement to provide trade financing for essential imports and export expansion. The funds will support state-owned enterprises and private businesses through local banks. This deal builds on a long-term partnership that has provided $3.3 billion in aid since 2008.
NewsInternational Islamic Trade Finance Corporation CEO meets Muizzu
President Mohamed Muizzu met with ITFC CEO Adeeb Y. Al Aama to discuss strengthening economic ties and trade cooperation. The leaders focused on infrastructure development and enhancing the long-standing partnership between the Maldives and the Islamic Development Bank entity to support the nation's developmental goals.