Friday, September 18, 2020
 
 
   
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   
   

You can get e-magazine links on WhatsApp. Click here

COMPANY REPORT

Islamic Trade Finance signs Covid-19 food pkg relief program for Kyrgyzstan
Tuesday, 02 June, 2020, 15 : 00 PM [IST]
Jeddah, Kingdom of Saudi Arabia
The International Islamic Trade Finance Corporation (ITFC), has signed an agreement to support the provision of a food relief programme for the most vulnerable people in Kyrgyzstan during the outbreak of Covid-19.

The agreement, which has been agreed in coordination with the Kyrgyzstan Government, will allow the ITFC partner, Micro Credit Company M Bulak of Kyrgyzstan, to implement the humanitarian intervention.

The support will provide immediate relief to around 2,000 families who are most affected by the health and economic consequences of the pandemic and is the latest in a series of ITFC interventions, in alignment with the Islamic Development Bank Group ‘3Rs Response Package’.

Commenting on the grant provided by ITFC, English Hani Salem Sonbol, ITFC CEO, said, “This grant provides critical support for the provision of crucial food supplies in Kyrgyzstan, and enables ITFC to support the most fragile, who are struggling with the social and economic fallout from the pandemic. The intervention also builds upon ITFC’s existing partnership with the Micro Credit Company M Bulak and contributes to enhance the development of economic and social infrastructures that both parties are working towards.”

Micro Credit Company M Bulak is a client of ITFC and benefited from US$2 million Murabaha Financing Agreement in 2019.
In addition, Micro Credit Company M Bulak benefited from an Islamic Trade Finance Workshop conducted in March 2019 and Advanced Islamic Trade Finance Workshop conducted in February 2020, both organised by ITFC in Kyrgyzstan.
 
Print Article Back FNB News Twitter
Post Your commentsPost Your Comment
* Name :    
* Email :    
  Website :  
Comments :  
   
   
Captcha :
 

 
 
Food and Beverage News ePaper
 
 
Interview
“Keep in mind a focussed menu, optimum pricing, lean manpower”
Past News...
 
FORTHCOMING EVENTS
 

FNB NEWS SPECIALS
 
Overview
Packaged wheat flour market growth 19% CAGR; may reach Rs 7500 cr: Ikon
Past News...
 
 
Advertise Here
 
Advertise Here
 
Advertise Here
 
Recipe for Success
Bartending ‘interesting accident’, states aspiring mathematician Lal
Past News...



Home | About Us | Contact Us | Feedback | Disclaimer
Copyright © Food And Beverage News. All rights reserved.
Designed & Maintained by Saffron Media Pvt Ltd