(MENAFN- Trend News Agency) TASHKENT, Uzbekistan, April 30. Uzbekistan andthe International Islamic Trade Finance Corporation (ITFC)discussed expanding collaboration to address the rising demand forIslamic finance in the country's private sector, Trend reports.
According to ITFC, the issue was discussed during a meeting inRiyadh between ITFC's Chief Operating Officer Nazeem Noordali andrepresentatives from Uzbekistan's Trustbank, chaired by Chairman ofthe Board Sardor Normukhamedov.
ITFC's Chief Operating Officer welcomed the continuouscollaboration with Trustbank.
Meanwhile, the ITFC has committed $15 million to Uzbekistan incollaboration with AgroBank and its affiliate, SmartBank.
This initiative aims to increase the private sector'scontribution to Uzbekistan's economic development by providingtrade finance solutions. Aimed at supporting the food, agriculture,manufacturing, and textile sectors, this financing is also designedto encourage the financing of green projects in line withsustainable development goals.
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