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energy sectors

energy sectors latest

energy sectors
June 11th, 2024 - 06:45 GMT

ITFC channels about $3.8bn into member countries’ energy sectors

The International Islamic Trade Finance Corp., an autonomous entity within the Islamic Development Bank Group, dedicated $3.8 billion in 2023 to bolster member countries’ energy sectors. In its 2023 annual report, the ITFC disclosed that 55 percent of the allocated amount went to the power sector, constituting a significant portion of the total funding approved for various projects throughout the year. Since 2008, the corporation has greenlit $49 billion for ...
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