The Islamic Corporation for the Insurance of Investment & Export Credit (ICIEC) (http://ICIEC.IsDB.org), a member of the Islamic Development Bank (IsDB) Group, welcomes the entry of the Republic of Azerbaijan as 49th member states.
ICIEC’s insurance solutions enable strategic projects and improve investment attractiveness in its member states.
ICIEC will work closely with the Government of Azerbaijan to support economic and social infrastructure projects in trade, agriculture, energy, water, sanitation, and urban services and with the private sector to improve access to finance. ICIEC supports Azerbaijan’s 2030 National Priorities for Socio-Economic Development by achieving sustainable economic growth and high social welfare and their priority for a clean environment and a “green” country growth”. The presence of ICIEC as an investment partner provides a measure of assurance and encouragement to other potential investors seeking opportunities in Azerbaijan. Investment projects always provide jobs, improved, modern and efficient infrastructure, and a better quality of life for citizens.
Mr Oussama Kaissi, CEO of ICIEC, welcomed Azerbaijan, saying: “The membership of the Republic of Azerbaijan opens the door for its private and public sector to benefit from risk reduction and improvement solutions of credit offered by ICIEC to expand their exports and promote the flow of foreign direct investment. Similarly, it allows exporters, banks and investors from other member and non-member states, to cover political and commercial risks related to their operations in Azerbaijan.
Distributed by APO Group on behalf of Islamic Corporation for Insurance of Investment and Export Credit (ICIEC).
Media Contact:
Rania Binhimd, Department of Communication
Email: [email protected]
Follow us on:
Twitter: bit.ly/3jvUI1L
Facebook: bitly.ws/yhJR
LinkedIn: bitly.ws/yhJW
YouTube: bitly.ws/yhK2
About ICIEC:
The ICIEC was established in 1994 to strengthen economic relations between OIC Member States and promote intra-OIC trade and investments by providing risk mitigation tools and financial solutions. The Corporation is the only Islamic multilateral insurer in the world. It leads from the front in delivering a comprehensive suite of solutions to companies and parties in 49 Member States, including Documentary Credit Insurance Cover, Credit Insurance Cover, Bank Master Policy, Non-Honoring of Sovereign Financial Obligations, and Investment Insurance Products. ICIEC has, for the 15th consecutive year, maintained an “Aa3” insurance financial strength credit rating from Moody’s, ranking the Corporation among the highest in the Credit and Political Risk Insurance (CPRI) Industry. ICIEC’s strength is underpinned by sound underwriting, reinsurance, and risk management policies. In total, ICIEC has secured more than US$95 billion in trade and investment. ICIEC’s activities are directed towards specific sectors – energy, manufacturing, infrastructure, healthcare, and agriculture. For more information, visit: http://ICIEC.IsDB.org.
This Press Release is issued by APO. The content is not monitored by the editorial team of African Business and the content is not checked or validated by our editorial teams, proof readers or fact checkers. The issuer is solely responsible for the content of this notice.
