The International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-idb.org) organized a four-day Training Workshop on Sovereign Debt Management from 27 to 30 March 2023 in Jeddah, KSA, which was attended by delegations from the Government of Pakistan and the Government of Maldives. Organized under the ITFC’s Integrated Trade Solutions framework, the workshop aimed to contribute to the sustainability of public debt management in Pakistan and Maldives by providing selected representatives of the Government agencies overseeing public debt with the necessary skillset in managing sovereign debt and foreign financing.
The training workshop was executed in collaboration with Fitch Learning, a leading provider of financial education and training, and included sessions on topics such as the principles of public debt management, risk management, and financing strategies.
This intervention showcased ITFC's commitment to supporting member countries, particularly Pakistan and Maldives, in developing national capacity in managing sovereign debt in a sustainable way and achieving sustained economic growth.
Commenting on the workshop, ITFC's COO, Mr. Nazeem Noordali, said, “We are pleased to have organized this workshop for the benefit of officials from the Government of Pakistan and the Government of Maldives. ITFC remains committed to supporting its member countries in building their capacity and enhancing their ability to manage sovereign debt in a sustainable manner.”
The workshop is part of ITFC's broader efforts to support its member countries in their economic development and achieve the United Nations' Sustainable Development Goals (SDGs). ITFC will continue to work closely with its partners to identify areas where it can provide the necessary support to help achieve these goals.
Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).
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About the International Trade Finance Corporation (ITFC):
The International Islamic Trade Finance Corporation (ITFC) is a member of the Islamic Development Bank (IsDB) Group. It was established with the primary objective of advancing trade among OIC member countries, which would ultimately contribute to the overarching goal of improving the socio-economic conditions of the people across the world. Commencing operations in January 2008, ITFC has provided US$66 billion of financing to OIC member countries, making it the leading provider of trade solutions for these member countries’ needs. With a mission to become a catalyst for trade development for OIC member countries and beyond, the Corporation helps entities in member countries gain better access to trade finance and provides them with the necessary trade-related capacity-building tools, which would enable them to successfully compete in the global market.
